Star Mountain Capital Founder & CEO, Brett Hickey, sits down with former co-founder of LBC Credit Partners, Chris Calabrese, to discuss the role of a challenger on an investment committee.

Chris Calabrese Highlights:

• Over 30 years of private credit investment and direct lending experience.
• Co-Founding Partner of LBC Credit Partners (now part of $40 billion CIFC).
• Managing Director at Wachovia (now part of $2 trillion Wells Fargo).

Video Highlights:

• Capital protection starts with strong origination: The more opportunities one has to choose from, the more selective one can be.
• Role of a “Challenger” on the investment committee focused on exploring the reasons an investment can fail: Forces the deal team to confront all possible negative scenarios.
• Strong team and investor alignment: 100% employee-owned firm with 100% of the U.S. team sharing in the carried interest and all senior team members have personal capital invested.
• “Challenger” role becoming best practice: Leading alternative investment LP consultants are now focusing on the benefits this role brings to an investment committee.