Dechert Advised ING as Investor in Star Mountain Capital’s Leverage Facility
July 23, 2021
Dechert has advised client ING Capital LLC as an institutional investor in Star Mountain Capital’s $225 million asset based leverage facility. Star Mountain announced on July 23 that the facility has closed. This leverage facility for Star Mountain’s Strategic Credit Income Fund 3 provides additional capital to make value-added debt and equity investments in established U.S. small and medium-size businesses that generally have between $15 million and $250 million in annual revenues.
With approximately $2 billion in assets under management (as of June 2021), Star Mountain takes a data-driven approach to investing into the U.S. lower middle-market through two complementary investment strategies: (i) direct debt and equity investing and (ii) secondaries (acquiring LP interests and direct assets).
The Dechert team includes corporate partner Jay Alicandri and associates Caroline Lee, Angelina Liang and Ji Hong Park; tax partner Ari Zak and associate Andy Lau; employee benefits partner Steven Rabitz; trade partner Darshak Dholakia; and financial services partner David Harris and associate Robert Rhatigan.
About Dechert
Dechert is a leading global law firm with 23 offices around the world. We advise on matters and transactions of the greatest complexity, bringing energy, creativity and efficient management of legal issues to deliver commercial and practical advice for clients.
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