Private credit and secondaries investment firm Star Mountain Capital added Frank Porcelli as a senior advisor.
Porcelli has more than 30 years of experience in asset management and wealth management. Most recently, he headed BlackRock’s U.S. wealth business, was a member of the company’s operating committee and helped the wealth division grow assets under management from $250 billion to $1 trillion. Porcelli retired from BlackRock after 14 years.
“We are honored to have Frank join Star Mountain as an aligned senior advisor bringing extensive strategic leadership, business management and client service experience,” Brett Hickey, founder and CEO of Star Mountain Capital, said. “His experience with helping build a strong client service organization at BlackRock will help us continue to provide our investors with the best service possible in accessing the benefits of the less efficient and large U.S. lower middle market.”
“Having experienced the results for my own portfolio as an investor with Star Mountain, I am thrilled to be joining as a senior advisor,” Porcelli said. “I believe many institutional and high-net-worth investors can benefit from the higher returns and low market correlation that Star Mountain targets through its distinctive platform in this large and inefficient U.S. lower middle market.”
Prior to joining BlackRock, Porcelli served as the managing director of institutional sales and consultant relations at Putnam Investments for six years and director of corporate asset management services at Goldman Sachs for three years. Previously, he held various roles at Smith Barney, including director of retirement services, head of unit investment trusts, chief operating officer of Smith Barney Mutual Funds and manager of strategic planning.
Porcelli is currently managing partner at Convergency Partners, an advisory and consulting business focused on the formulation and execution of growth strategies for asset management, wealth management and financial technology clients.
