NEW YORK--(BUSINESS WIRE)--Star Mountain Capital, LLC ("Star Mountain"), a specialized investment manager focused exclusively on the large and underserved U.S. lower middle-market, is pleased to announce that as part of its long-term focus on trusted and transparent relationships, it has endorsed the Institutional Limited Partners Association (ILPA) Private Equity Principles following the addition of Peter Freire, former ILPA CEO, who joined Star Mountain last year as a strategic personal investor and Senior Advisor.
ILPA represents the interests of limited partners in private capital funds across the globe. With over 450 members, ILPA represents over $2 trillion in investable private capital. It is the only organization dedicated exclusively to advancing the interests of limited partners and their beneficiaries. Across Mr. Freire’s tenure at ILPA, Mr. Freire executed a mandate to grow and diversify the organization’s global membership, enhance the scale of its research and educational offerings and expand the impact of its voice in the industry.
Endorsement of ILPA’s Private Equity Principles highlight Star Mountain’s support for the efforts of ILPA and other industry supporters with the mission of improving the private investment industry for the long-term benefit of all its participants.
Star Mountain’s support of the ILPA principles underscores its commitment to maximizing transparency and long-term trusted relationships with investors. “Star Mountain is committed to continuing to implement best practices and standards across our investor relations and financial operations activities”, said Chris Gimbert, CFO of Star Mountain. “Transparency and standardization is an important part of the relationship between GPs and LPs, and we are happy to help elevate the standards of governance and alignment of interests in the private equity industry.”
“We are pleased to formally endorse the ILPA Private Equity Principles and look forward to continuing to work with Peter Freire as an aligned personal investor and Senior Advisor. Peter’s experience and knowledge of running the leading association addressing the needs and concerns of large institutional LPs in private equity has been and will continue to be valuable,” said Brett Hickey, Founder & CEO of Star Mountain. “Peter’s diverse experience including 18 years as a senior executive at the Corporate Executive Board (now part of Gartner) and being an Executive Member of the World Economic Forum is of great value to us.”
Prior to joining ILPA, Mr. Freire was a Managing Director and Member of the Executive Committee at the World Economic Forum (WEF). Before joining the WEF, Mr. Freire had a successful 18-year career at the Corporate Executive Board (CEB), where as a member of the firm’s executive leadership he was responsible for the global portfolio of businesses, principally the Corporate Leadership Council.
Mr. Freire began his career as a commercial banker at Bank of America and later as a consultant at Bain & Co. He earned his BSc. in Economics from the London School of Economics and his MBA from Harvard Business School where he was a Fulbright Scholar.
“I look forward to continuing to share my experience with large institutional limited partners and business building experience to help Star Mountain in its mission to develop best practices across investor reporting, transparency and corporate governance,” said Peter Freire.
ABOUT STAR MOUNTAIN
Investing in the Growth Engine of America ® – Star Mountain Capital is a specialized asset management firm focused on investing in the large and underserved U.S. lower middle-market of companies with typically between $10 million and $150 million of annual revenues. Star Mountain’s distinctive business includes a custom-built media and technology platform bringing proven, large market resources to smaller businesses as a value-added lender and investment partner.
As part of its ESG, Star Mountain’s Charitable Foundation, a not-for-profit 501(c)3 focuses on improving lives through economic development, including job creation, health & wellness and cancer research. Notable missions include helping match veterans and women with high quality small and medium-sized business career opportunities across the country, including within Star Mountain’s portfolio which in aggregate represents over 200 companies.
Star Mountain was named one of the 2017 Best Places to Work by Crain's New York Business.