HedgeCo.Net — Star Mountain Capital has closed Star Mountain CFO I, a collateralized fund obligation that lets insurers and other institutions buy investment-grade-rated paper backed by the firm’s U.S. lower-middle-market direct-lending funds. The employee-owned manager, with about $5 billion of AUM, partnered with Evercore. Kroll Bond Rating Agency rated the debt tranches. The dollar size of the CFO was not disclosed. Alternative Credit Investor and the Business Wire release both make that omis...
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