Ericson has joined as legal counsel and chief compliance officer, following almost five years with investment giant HIG as assistant general counsel.
At HIG Ericson was the primary internal counsel focused on fund formation, regulatory management and compliance across strategies including private credit and private equity.
During his tenure with HIG the firm grew assets under management by about 150%, from around $20bn to more than $50bn.
Brett Hickey, Star Mountain founder and CEO, said, “Austin brings highly relevant experience towards where Star Mountain is growing having overseen a broad range of legal and compliance matters relating to multiple alternative investment funds and portfolio company investments.
“We are excited to continue growing our services and capabilities for all stakeholders.”
Ericson added, “Having participated in approximately $30bn of AUM growth including private credit and private equity during my time with HIG, I am thrilled to join Star Mountain as they continue to target compelling risk adjusted returns for investors.
“Star Mountain has heavily invested in firm infrastructure demonstrating its commitment to its team members, portfolio investments and investors and I look forward to playing my part in its continued success.”
Star Mountain currently manages more than $3bn in assets, and has made more than 175 direct investments since it was launched in 2010.
Target businesses generally have at least $15m in annual revenues and under $50m in EBITDA.
In August this year former Thoma Bravo Credit head and software investment specialist Jack Le Roy joined Star Mountain Capital as a managing director.
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