Star Mountain Fund Management, LLC (New York)

Name: Star Mountain Fund Management, LLC
Address: 140 East 45 Th Street, New York, NY, 10017
Telephone: 646-787-0258

Star Mountain Fund Management, LLC is a large advisory firm based in New York. It manages $695.01 million of regulatory assets for 14 client accounts. It has been registered with the SEC as an adviser since 2012.

Star Mountain Fund Management provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Star Mountain Fund Management: assets under management

The assets under management (AUM) of Star Mountain Fund Management, LLC is $695.01 million. The firm's AUM has grown by 185% since the beginning of its operation, and $56.4 million of the total AUM is attributable to clients outside of the United States.

The firm manages $349.49 million in discretionary accounts and $345.52 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $49.93 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $49.36 million.

Star Mountain Fund Management has custody of $22.24 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 99% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Star Mountain Fund Management, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Robert Wilburn Long serves?

The firm provides services to pooled investment vehicles and corporations or other businesses. The largest group of clients of Robert Wilburn Long is pooled investment vehicles with 11 clients and $614.31 million of assets under management. Among the 10 most similar advisory firms, Star Mountain Fund Management has the 5th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $695.01 million for 14 clients. 14% of the firm’s clients are foreign persons or businesses.

Star Mountain Fund Management also advises several private funds. Namely, nine private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $250,000.

Careers at Star Mountain Fund Management, LLC

The company employs 38 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Robert Wilburn Long has been acting as President since 1 Jan 2016. Jaspal Singh Bajaj joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Brett Allan Hickey	Managing member	1 Jun 2010	Other	6104078
Llc Star Mountain Capital	Manager / sole member	1 Jun 2010	75% - 100%	90-0461387
Christopher John Gimbert	Chief operating officer	1 Sep 2010	Other	4471527
Randall Lane Kutch	Senior managing director	1 Aug 2012	Other	6029500
Lisa Jill Lampert	General counsel & chief compliance officer	1 Sep 2012	Other	2945032
Lev Borodovsky	Chief risk officer and chief compliance officer	1 Jan 2013	Other	2507797
Robert Wilburn Long	President	1 Jan 2016	Other	4316918
Jaspal Singh Bajaj	Chief compliance officer	1 Jul 2016	Other	6689595

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Brett Allan Hickey	Manager / sole member	1 Apr 2009	75% - 100%	6104078

Based in New York

The principal office where Star Mountain Fund Management, LLC performs its advisory services is located at 140 East 45 Th Street, New York, NY 10017, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 646-787-0258 or by fax 800-804-4278. The normal business hours are 9:00 am- 5:00 pm on Monday - Friday. You can find more information about the New York firm at starmountaincapital.com.