Star Mountain Capital wrapped up fundraising for its fourth vehicle to extend loans to North American small businesses, with most of the money going to companies wrestling with succession planning as their owners approach retirement.
The New York investment firm said it has collected $820 million from investors for Star Mountain Strategic Credit Income Fund IV, which makes debt commitments of $15 million to $150 million mainly to founder-owned businesses. Including a credit facility to boost returns, the strategy has $1.2 billion of investible capital and all of it has already been deployed.
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