NEW YORK–(BUSINESS WIRE)–Star Mountain Capital, LLC (“Star Mountain”), a specialty investment manager, with approximately $2.5 billion in assets under management, focused exclusively on investing in established private small and mid-sized companies in North America), is pleased to announce the arrival of Tom Tull as Senior Advisor. Star Mountain Senior Advisors/Operational Partners are aligned with Star Mountain’s full-time team and investors through the sharing of carried forward interest and invested personal capital.
“We are delighted to have another seasoned senior executive with over 40 years of experience in investment management, portfolio allocation and manager selection, expanding our value-added capabilities in helping grow small businesses established across the United States,” said Brett Hickey, founder of Star Mountain Capital. & CEO. “Tom has deep and distinguished investment experience and knowledge that we believe will add further value to our team, our investors and the portfolio companies in which we invest.”
“I’ve had the privilege of knowing Tom for over 10 years, so it’s wonderful to work with him now at Star Mountain,” said John Ide, Managing Director of Star Mountain Capital.
“Star Mountain has built a distinct business to address the challenges and opportunities of the lower middle market, a less competitive market segment that has the potential to generate compelling absolute and risk-adjusted returns,” said Tom Tull, “I am delighted to join this high quality company which over the past decade has built an experienced team nationwide with the infrastructure to perform within this attractive, yet labor intensive market. work and fragmented.
Mr. Tull was until recently Chief Investment Officer of the Texas Employees Retirement System (ERS), where he managed an approximately $35 billion public retirement plan that administers on behalf of employees and employee retirees. of the State of Texas. During his time at ERS, Mr. Tull was involved in more than 200 completed investment transactions totaling $13 billion encompassing private equity, private credit, private real estate, global credit, hedge funds and situations. specials. He had held this position since 2009 and was responsible for all aspects of public and private market investments, including managing a team of approximately 80 people.
A sought-after speaker at investment industry events, Mr. Tull’s accolades include the CIO Industry Innovation Award, CIO of the Year Institutional Investor Public Funds, and the AIF Institute Statewide Accredited Program Excellence Award.
Prior to joining ERS, Mr. Tull was the founding partner of Gulfstream Global Investors, an international equity management firm sold in 2001 to German state-backed financial institution WestLB.
Previously, Mr. Tull was Director – Employee Benefit Fund Investments for The LTV Corporation and also served as President of Western Reserve Capital Management, Inc., the retirement asset management subsidiary of The LTV Corporation. In this capacity, he was responsible for the investment of a $1.2 billion pension trust.
Prior to joining LTV in February 1983, Mr. Tull spent seven years as Director of Pension Investments at The Cleveland-Cliffs Iron Company. He managed an in-house pension fund, introduced international investment and other diversification policies, and performed various corporate functions, including corporate acquisitions.
During his career, Mr. Tull also served a three-year term as a member of the National Adjudicatory Council of the Financial Industry Regulatory Authority (FINRA). FINRA is the largest independent regulator of securities firms doing business in the United States.
Mr. Tull, a Chartered Financial Analyst (CFA), holds a BS in Finance from The Ohio State University and an MBA from Xavier University. Following his military service in Korea and Vietnam with the U.S. military, Mr. Tull’s investment career began in 1971.
From 2010 to 2021, Star Mountain has made over 135 direct investments in U.S. small and midsize companies and over 25 secondary/fund investments within its Collaborative Ecosystem®, exclusively focused on the North American lower-middle market. One of Star Mountain’s specialties is to seek cash income and returns for investors that are significantly higher than typical returns found in public markets through its distinctive origination, underwriting and value-added lending capabilities. .
For the third year in a row, Star Mountain has again been named one of the 2021 Best Places to Work by Crain’s New York Business as well as once again one of the 2021 Best Places to Work by Pensions and investments.
ABOUT STAR MOUNTAIN
With approximately $2.5 billion in assets under management (as of December 31, 2021), Star Mountain takes a data-driven approach to investing in the North American lower middle market through two complementary investment strategies: (i ) direct debt and equity investment and (ii) secondary (acquisition of LP interests and direct assets). Star Mountain believes these complementary strategies provide scalable and diversified access for its institutional and high net worth investors to established small and medium-sized companies that typically generate at least $15 million in annual revenue. The 100% employee-owned Star Mountain team and Collaborative Ecosystem ® offers distinctive value to lower middle market businesses as a flexible capital solution partner.
Star Mountain believes its focus and dedication has paid off in job creation and economic development. Star Mountain is dedicated to this vast market of underserved enterprises specifically designed to meet the challenges and seize the opportunities of these enterprises. As part of its commitment, Star Mountain has registered a trademark Investing in America’s Growth Engine®.
As part of its ESG (Environment, Social and Governance) program, the Star Mountain’s Charitable Foundation, a 501(c)3 nonprofit organization focused on improving lives through economic development, including job creation, health and wellness, and cancer research. Notable missions include helping veterans and women find high-quality career opportunities at small and medium-sized businesses across the country, including within the Star Mountain portfolio.
To note: This does not constitute an offer to sell or a solicitation of an offer to buy any interest in any investment product. Awards and recognition by unaffiliated rating services, companies and/or publications should not be construed by a customer or potential customer as a guarantee that they will achieve a certain level of results if Star Mountain is engaged or continues to be engaged, to provide investment advisory services; nor should they be construed as a current or past endorsement, testimonial endorsement, recommendation or referral of Star Mountain or its representatives by any of its customers or any other third party. Rankings published by magazines and the like are generally based exclusively on information prepared and/or submitted by the Recognized Advisor. Further, with respect to any performance information contained herein, directly or indirectly, as applicable, readers should note that past results are not indicative of future results. The description and selection methodologies of each award and recognition are subjective and vary.
Awards and recognition by non-affiliated rating services, companies and/or publications should not be construed by a client or potential client as a guarantee that they will achieve a certain level of results if SMFM is engaged or continues to be engaged to provide investment advisory services; nor should they be construed as a current or past endorsement, testimonial endorsement, recommendation or referral of SMFM or its representatives by any of its clients or any other third party. Rankings published by magazines and others are generally based solely on information prepared and/or submitted by the Recognized Advisor.
Crain’s two-part survey process assessed each nominated company’s policies, practices, philosophy, systems and workplace demographics. The second part was an employee survey to measure the employee experience. The combined scores determined the top companies and the final ranking. Star Mountain shall pay fees to Crain’s solely for survey collection purposes. Detailed eligibility criteria can be found here: https://www.bestplacestoworknyc.com/eligibility-criteria
To be named to the P&I Top Places list, all companies have met the high threshold for Top Company inclusion and have been benchmarked against others of similar size. The individual company profiles, which were compiled based on the survey results, reflect US employment figures and were confirmed by Best Companies this summer. Company and employee comments have been edited for more space, style, and clarity. Assets under management or under advisement are as of June 30, unless otherwise stated. To participate, companies had to have at least 20 employees in the United States, at least $100 million in discretionary assets under management or advisory, and have been in business for at least one year. An anonymous employee survey, which aimed to gauge employee engagement and satisfaction, accounted for 75% of a company’s score; an employer survey, which assessed workplace policies, practices, benefits and demographics, accounted for 25%. https://www.bestplacestoworkmm.com/eligibility-criteria