Star Mountain Capital Adds Former Head of BlackRock’s $1 Trillion U.S. Wealth Business, Frank Porcelli, as Senior Advisor

Star Mountain Capital Adds Former Head of BlackRock’s $1 Trillion U.S. Wealth Business, Frank Porcelli, as Senior Advisor

In a significant move signaling its commitment to growth and leadership within the specialized investment management sector, Star Mountain Capital, an esteemed private credit and secondary investment manager, proudly announces the addition of Frank Porcelli to its team as a Senior Advisor.

This strategic appointment aims to harness Porcelli’s extensive experience and insights, honed over more than thirty years at the pinnacle of asset and wealth management, to further Star Mountain’s mission of delivering systematic alpha and low market-correlated returns to its clients.

Star Mountain Capital Overview

Star Mountain Capital, LLC, stands as a beacon in the realm of specialized private credit and secondary investment management, with approximately $4 billion in assets under management. Focused on the lower middle-market segment, which represents about 50% of the U.S. GDP, Star Mountain employs a data-driven approach to tapping into the potential of established, profitable, small and medium-sized U.S. businesses.

This strategic focus leverages the less efficient and sizeable U.S. lower middle market and aligns with the firm’s goal of providing global institutional and high-net-worth investors with diversified, scalable, and customizable investment opportunities that offer systematic alpha and low market correlation.

Frank Porcelli’s Background and Achievements

Frank Porcelli’s illustrious career spans over 30 years in the asset management and wealth management sectors. His tenure at BlackRock, the world’s premier asset management firm with nearly $10 trillion in assets under management, was marked by remarkable achievements, including leading its U.S.

Wealth Business. While at BlackRock, Porcelli was instrumental in growing the division’s assets under management from $250 billion to an astounding $1 trillion. As a key member of the firm’s Operating Committee, his strategic initiatives significantly contributed to BlackRock’s dominant position in the industry.

Before his impactful journey at BlackRock, Porcelli held senior positions at Putnam Investments and Goldman Sachs, showcasing his versatile skill set and deep industry knowledge. As the Managing Partner at Convergency Partners, Porcelli continues to influence the asset management, wealth management, and financial technology sectors with innovative growth strategies.

Porcelli’s Role and Expectations at Star Mountain

The addition of Frank Porcelli to the Star Mountain team is celebrated by the firm’s Founder & CEO, Brett Hickey, who lauds Porcelli’s extensive strategic leadership, business management, and client service experience. Hickey emphasizes the pivotal role Porcelli will play in enhancing Star Mountain’s client service capabilities.

thereby facilitating superior access to the lucrative U.S. lower middle market for investors. Porcelli expresses enthusiasm for his new role, underscoring the potential benefits of Star Mountain’s unique investment approach to institutional and high-net-worth investors seeking higher returns and low market correlation.

Star Mountain’s Investment Philosophy and Performance

Star Mountain Capital’s investment philosophy is grounded in a comprehensive, data-enhanced approach to the North American lower middle market, encompassing direct debt and equity investing and secondary investments. The firm’s nuanced strategy focuses on established businesses generally boasting at least $15 million in annual revenues and under $50 million in EBITDA.

This deliberate focus has enabled Star Mountain to build a robust portfolio of over 200 direct investments and more than 40 secondary/fund investments within its Collaborative Ecosystem®, markedly generating current cash income and potential long-term capital gains equity returns for its investors, with low correlation to public markets.

The firm’s strategic initiatives and outstanding performance have not gone unnoticed. Star Mountain has been recognized as one of the Inc. 5000 fastest-growing private companies in America and has consistently ranked as one of the Best Places to Work by both Crain’s New York Business and Pensions & Investments. These accolades underscore the firm’s commitment to excellence and innovation in investment management.

Commitment to Social Responsibility and Economic Development

Beyond its financial achievements, Star Mountain Capital is deeply committed to social responsibility and positive economic impact. Through the Star Mountain Charitable Foundation, the firm actively supports job creation, health & wellness, and cancer research, focusing on improving lives and fostering economic development in underserved communities.

This includes matching veterans and women with quality career opportunities in small and medium-sized businesses nationwide, including within Star Mountain’s portfolio. Such initiatives highlight Star Mountain’s commitment to contributing positively to society and the economy beyond its investment activities.


The appointment of Frank Porcelli as a Senior Advisor at Star Mountain Capital marks a significant milestone for the firm, signifying its dedication to leveraging seasoned expertise to enhance its strategic direction and investment offerings. Porcelli’s remarkable track record and strategic insight are poised to enrich Star Mountain’s mission of delivering exceptional value to its investors through distinctive, low market correlated investment opportunities in the U.S. lower middle-market.