Star Mountain Capital, a rapidly growing, employee-owned specialized private investment firm focused on the lower middle-market with over $3 billion of assets under management (AUM) announced that Austin Ericson, former Assistant General Counsel at $50+ Billion AUM HIG Capital, has joined as Legal Counsel & Chief Compliance Officer.
Star Mountain CapitalLLC (“Star Mountain”), a specialized investment manager with over $3 billion in assets under management focused on investing in established, private small and medium-sized North American businesses (lower middle-market), is pleased to announce that Austin Ericson has joined as Legal Counsel & Chief Compliance Officer. A differentiating factor of Star Mountain’s investor-aligned business is that 100% of its team including Senior Advisors / Operating Partners share in the investment profits.
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“Austin brings highly relevant experience towards where Star Mountain is growing having overseen a broad range of legal and compliance matters relating to multiple alternative investment funds and portfolio company investments,” said Brett HickeyStar Mountain Capital Founder & CEO. “We are excited to continue growing our services and capabilities for all stakeholders.”
“Having participated in approximately $30 billion of AUM growth including private credit and private equity during my time with HIG, I am thrilled to join Star Mountain as they continue to target compelling risk adjusted returns for investors,” said Austin Ericson, “Star Mountain has heavily invested in firm infrastructure demonstrating its commitment to its team members, portfolio investments and investors and I look forward to playing my part in its continued success.”
Mr. Ericson is an experienced legal counsel and compliance expert further strengthening Star Mountain’s finance and operations infrastructure. Prior to joining Star Mountain, Mr. Ericson was most recently Assistant General Counsel at HIG Capital, LLC a $50+ billion AUM global, internative alternative where he served as the primary internal counsel focused on fund formation, regulatory management, compliance across a variety of private capital investment strategies including private credit and private equity. During his tenure with HIG, they grew assets under management approximately 10% to over $50 billion. Products he helped structure and administer included private credit funds, private equity funds, rated note investment structures for insurance companies, a publicly traded business development company (BDC) and collateralized loan obligations. and monitoring compliance processes throughout all functions of the firm including fundraising, general corporate matters, marketing review, regulatory filings, and administering HIG’s compliance program. His legal and compliance responsibilities also included negotiating investor side letters and reviewing all marketing materials.
At HIG he also assisted with US regulatory and public company filings and advised investment professionals and portfolio companies on a variety of corporate, intellectual property, data privacy, employment, litigation, finance, contractual, and ESG matters. He also worked privately with the investment team on various legal matters…