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PENSCO Trust Company's Bill Papp to Act as an Advisor to Star Mountain CapitalStar Mountain Capital, LLC ("Star Mountain"), a data-driven investment manager focused exclusively on the large and underserved U.S. lower middle-market, is pleased to announce that Bill Papp will be a senior advisor to Star Mountain's external Senior Advisory Board, while continuing to serve in his primary role at PENSCO as Regional Manager - Institutional Business Development, Alternatives. Leveraging his 25 years of experience in asset management, capital markets, and commercial banking through various senior roles including at Lehman Brothers (News - Alert), Prudential Securities, Mizuho Securities USA, and the Bank of Boston's Middle Market Lending Group, Mr. Papp will provide valuable strategic advice insights and relationships for Star Mountain and its portfolio investments. Mr. Papp was appointed to the Board of Directors of the Massachusetts Educational Financing Authority (MEFA), a $4.0 Billion 529 Plan, by Governor Mitt Romney in 2004 and reappointed by Governor Deval Patrick in 2011. Over the course of his 11 years at MEFA, he served as Vice Chairman of the Board, Chairman of the Audit Committee and Chairman of the Investment Committee. In addition, Mr. Papp was appointed by Governor William Weld, Governor Paul Cellucci, and Governor Jane Swift (News - Alert) to he Massachusetts Finance Advisory Board, The Massachusetts Workforce Training Fund, The Commonwealth Corporation, and the Massachusetts State Workforce Investment Board. Mr. Papp holds a BA in Finance from Michigan State University and later attended The Fletcher School of Law & Diplomacy at Tufts University to earn a Global Master of Arts in International Affairs. "Bill's experience and relationships in the New England region will add meaningful value for Star Mountain and the companies we invest in," said Brett Hickey, Founder & CEO of Star Mountain. "I look forward to sharing my knowledge and relationships to help Star Mountain create value in their portfolio companies and further its reputation as a leading value-added lender to lower middle-market companies," said Bill Papp. "Star Mountain has a unique platform with local relationships across the U.S. to help source, analyze, and manage high quality lower middle-market investments in an efficient and institutional manner which have appealed to several PENSCO clients who seek capital protection, yield and less-correlated investments for their broader portfolio." ABOUT STAR (News - Alert) MOUNTAIN Investing in the Growth Engine of America ® - Star Mountain Capital is a data-driven 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 its Collaborative Ecosystem ® powered by custom-built technology. Having invested in the U.S. lower middle market since 2001, Star Mountain's team brings proven, large market resources to smaller businesses as a value-added lender and investment partner. Star Mountain was named one of the 2017 Best Places to Work by Crain's New York Business. 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181108005257/en/ |
