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James Camarda, Former Merrill Lynch Alternative Investments Specialist, joins Star Mountain Capital as Managing Director
READ MOREStar 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.
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.
Watch the full video here.