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 Investo…
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