John J. Mack, the former chief executive officer of Morgan Stanley, became a senior adviser to Star Mountain Capital, which invests in small and mid-size businesses in the U.S.
Mack, 70, also is a strategic investor in Star Mountain, the New York-based company said Wednesday in an e-mailed statement. Star Mountain invests in private-equity and credit funds focused on small businesses and makes direct investments of as much as $25 million.
Since stepping down as chairman of Morgan Stanley at the end of 2011, Mack has served as an adviser to asset managers such as KKR & Co. and BKM Capital Partners. He steered the investment bank through the financial crisis, when it survived a near collapse with the help of a government bailout.
“It’s a great example of the potential to deliver attractive risk-adjusted returns for investors while also generating positive social impact through substantial small business job creation in the United States,” Mack said in the statement.