Star Mountain Looks to Issue Bonds That Bundle Up Private Credit
New York-based Star Mountain focuses on lower-middle-market companies.
Photographer: Kena Betancur/Getty ImagesStar Mountain Capital is planning to sell bonds backed by stakes in its private credit funds, according to people familiar with the matter.
The sale of senior and junior notes — via a so-called collateralized fund obligation — is likely to raise less than $500 million, the people said, adding the amount was still being decided.