Crandall Deery joined Star Mountain Capital, a specialized investment manager, with approximately $2.5 billion in assets under management, focused exclusively on investing in established, private small and medium-sized North American businesses (lower middle-market), as a managing director. All Star Mountain full-time senior team members as well senior advisors / operating partners are aligned with Star Mountain’s investors through sharing in investment profits and through their personal capital invested. 100% of Star Mountain’s full-time team, including junior team members, shares in the investment profits alongside investors.
“Crandall brings 25 years of investment experience, including more than 15 years of directly comparable experience in the U.S. lower middle-market as an investment committee member of both an SBIC fund as well as of a BDC,” Brett Hickey, founder and CEO of Star Mountain Capital, said. “Adding a 12th full-time Managing Director extends our value-add capabilities for business owners and our investors.”
“I am thrilled to join Star Mountain’s distinctive private investments platform and look forward to helping them continue to drive compelling value for business owners and investors in this fragmented marketplace,” Deery said. “Star Mountain’s culture, including a high degree of alignment of interest as all senior team members have personal capital invested, as well as the firm’s long-term commitment to its infrastructure, technology, data and education makes for a compelling recipe of continued success for our team and investors alike.”
Deery has a broad range of investment experience having trained at and worked with global private credit investment firms. Most recently he was approved and licensed by the U.S. Government Small Business Administration managed small business investment company program where he was a partner and investment committee member of an SBIC fund focused on providing strategic debt and equity capital to growing U.S.-based private businesses. Prior to that he was an investment committee member for a business development company whose leadership included a former partner and chief investment officer of credit alternatives and former head of global credit at Goldman Sachs Asset Management.
Deery began his private credit investing career at GE Antares Capital. Deery left with some colleagues from GE to develop a private lending business at Jeffries in partnership with MassMutual Insurance Company.
