Star Mountain Capital, a specialized investment manager with over $4 billion in assets under management (AUM) focused on generating premium yield and total returns from the less efficient and resources-intensive market of U.S. private small and medium-sized businesses (SMBs), announced that Curtis Glovier has increased his involvement with Star Mountain from a Senior Advisor to a full-time role of Managing Director and Strategic Portfolio Officer.
Glovier’s leadership experience includes being a former Department Head and Investment Committee Member within the Credit Business of Fortress Investment Group ($48 billion in AUM as of December 2023), serving as Chairman of the Board of three companies and as a board member for numerous financial services, industrial, business services, communications, and technology companies.
Glovier previously served as Chairman, CEO and President of PENSCO Trust Company (a specialty custodian of alternative investments for retirement accounts with over $16 billion in assets under custody, owned by publicly traded Opus Bank, later acquired by Pacific Premier Bancorp). And he also served as Opus Bank’s Senior Executive Vice President where he headed wealth services and served as Managing Partner & lead Investment Committee Member of Opus Equity Partners, an SBIC lower middle-market private investment fund.
Opus Bank was a portfolio investment Glovier led while at Fortress which he then left to help lead and manage. Previously, Glovier had a nearly 10-year career as a Managing Director & Investment Committee member at Fortress Investment Group where he oversaw private equity and debt investments in several industries with a focus on financial services.
Glovier started his career as a consultant at The Boston Consulting Group and then worked in the investment banking leveraged finance and M&A departments at Goldman Sachs. And then he transitioned into alternative investments upon joining Nassau Capital, a private investment firm that managed over $2 billion of alternatives for its sole client, the Princeton University Investment Company. At Nassau, he worked on direct investments in companies across a variety of industries and stages ranging from venture capital to private equity.
Then Glovier moved to Perseus, a nearly $2 billion AUM diversified lower middle-market private equity firm headquartered in Washington, DC, where he became co-lead of the buyout group in the New York City office.
Glovier serves on the Board of Governors of the International Tennis Hall of Fame, is a Board Advisor to Cornerstone Advisors and is a Senior Investment Advisor at Grafine Partners. The prior boards include the Retirement Industry Trust Association, which is comprised of the largest independent custodians in the U.S.
Glovier received a BA in Economics, cum laude, from Princeton University, as well as a Masters of Economic Studies from James Cook University as a Rotary International Scholar, and an MBA, as a Palmer Scholar, from the Wharton School of The University of Pennsylvania. Glovier is FINRA Series 24, 79, 63 and 7 licensed.
KEY QUOTES:
“It has been a pleasure working with Curtis personally and professionally over the past 4+ years since he became a personal investor and Senior Advisor. We are confident his 30+ years of alternative investment experience encompassing private credit, private equity, being a C-level operating executive, chairing boards, investment banking and consulting will be of enormous value to all our stakeholders, including investors, portfolio companies and the Star Mountain team.”
– Brett Hickey, Star Mountain Capital Founder & CEO
“Star Mountain’s purpose-built platform bringing large market resources to high quality, established, small and medium-sized U.S. private businesses is a compelling investment strategy that I believe will continue to provide value to all stakeholders. I am excited to transition to a full-time partner to help Star Mountain further its mission of generating high quality, differentiated returns for investors while also creating a positive community impact by helping build businesses and drive innovation.”
– Curtis Glovier
