Star Mountain Capital, a specialized investment manager with over $4 billion in assets under management added Lloyd A. Sprung as senior advisor. Sprung has 25+ years of private debt, restructuring and investment advisory experience, including raising over $10 billion in private debt and structured equity capital from alternative investors and 20+ years of experience as a restructuring banker providing strategic advice and capital solutions to companies, creditors and stakeholders in complex corporate restructuring and financing transactions.
“As highly aligned investors with our clients, we continue to focus on maximizing the value of our portfolio and are excited to add Lloyd’s extensive expertise,” Brett Hickey, founder and CEO of Star Mountain Capital, said. “Lloyd is knowledgeable about companies experiencing distress and how to help navigate financial and operational challenges and will be a great complement to our underwriting and portfolio management best practices.”
“Star Mountain has developed a distinctive and specialized business focused on the resource intensive and less competitive U.S. lower middle-market which has many interesting less correlated attributes for investors,” Sprung said. “I have been impressed by the Star Mountain team and I am excited to share my expertise and knowledge to help maximize value for all of the firm’s stakeholders.”
Sprung is currently managing member of LAS Advisors, an independent financial and strategic advisory firm which he founded, providing advisory and fiduciary services to companies, creditors, owners and stakeholders of companies facing transformational issues.
Prior to founding LAS Advisors, Sprung was managing director and head of private debt advisory at UBS, where he founded and led the team within private financing markets advising companies, sponsors and owners in raising private debt capital from alternative investors including private debt funds, direct lenders, BDCs, opportunity funds and other fixed income investors. While at UBS, he also previously served as managing director and head of restructuring, leading a team of restructuring bankers providing strategic advice and capital solutions to companies, creditors and other stakeholders in corporate restructuring and financing transactions.
Prior, Sprung was a senior managing director in the restructuring and debt advisory group at Evercore, where he provided restructuring and debt advisory services to companies, creditors and other stakeholders in large-scale capital raising, liability management and corporate restructuring transactions.
Prior, Sprung was managing director at Miller Buckfire, where he provided strategic and financial advice on large-scale corporate restructurings, both out-of-court and in chapter 11 and led the firm’s capital markets practice. While at Miller Buckfire, Sprung advised on over 30 restructuring transactions involving over $28 billion in total debt.
Sprung began his career with Merrill Lynch holding multiple roles across its global high yield real estate, debt financing and derivatives and global swap group. Sprung also served as vice president at The Equavant Group.
Sprung obtained his Bachelor of Arts degree in economics, summa cum laude, from University of Pennsylvania, where he was awarded the Bernard Shanbaum Prize, given to the top graduating economics student. Sprung obtained his MBA from Harvard Business School, where he was a Baker Scholar.
Today, Sprung is a member of the University of Pennsylvania College of Arts and Sciences Ambassadors Council. Sprung holds Series 7, 24, 63 and 79 FINRA Licenses.
As an aligned senior advisor, Sprung assists Star Mountain with deal origination and investor relationships, restructuring and other strategic insights to help Star Mountain and its portfolio investments maximize value.
