Skip to Content Facebook Feature Image

C. Shawn Bookin, Former Managing Director at Guggenheim Partners ($300 bn AUM), joins Star Mountain Capital as Senior Advisor

News

C. Shawn Bookin, Former Managing Director at Guggenheim Partners ($300 bn AUM), joins Star Mountain Capital as Senior Advisor
News

News

C. Shawn Bookin, Former Managing Director at Guggenheim Partners ($300 bn AUM), joins Star Mountain Capital as Senior Advisor

2024-12-17 17:27 Last Updated At:17:30

NEW YORK--(BUSINESS WIRE)--Dec 17, 2024--

Star Mountain Capital, LLC ("Star Mountain"), a specialized investment manager with over $4.0 billion in assets under management (committed capital including debt facilities as of 11/30/2024) focused on generating defensive and premium yield and total returns from the less efficient and resource-intensive market of U.S. private small and medium-sized businesses (the “lower middle-market”), is pleased to announce that C. Shawn Bookin has joined as Senior Advisor. Mr. Bookin has ~35 years of institutional investing experience spanning private credit, distressed debt, leveraged finance, private / public equity, and investment banking, as well as in government service as a Senior Investment Director for the Australian Trade Commission.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241216678222/en/

“Having known Shawn for nearly a decade, we are honored to have him now join the team as an aligned Senior Advisor who brings complementary experiences, resources and relationships to assist with Star Mountain’s value-added investment strategies,” said Brett Hickey, Star Mountain Capital Founder & CEO. “With his decades of credit investing experience at leading firms like Guggenheim, Shawn will be a tremendous resource to our team, investors and portfolio companies.”

“Over the many years I have followed Star Mountain’s growth and success, I am now looking forward to supporting the firm’s differentiated investment strategies providing institutional resources and capital to the large and fragmented lower middle-market,” said C. Shawn Bookin. “Star Mountain’s value-added investment strategies provide a unique opportunity for Star Mountain’s investors to get access to this large, fragmented and inefficient asset class that makes up nearly half of the U.S. economy.”

Mr. Bookin retired from Guggenheim Partners ($300 billion AUM) after a decade as a Managing Director in the Corporate Credit Group based in New York City and Los Angeles. In his role, Mr. Bookin focused on the firm's credit hedge fund and private credit strategies, as well as broadly syndicated loans and bonds.

Prior to joining Guggenheim Partners, Mr. Bookin spent two years in the public sector where he served as a Senior Investment Director for the Australian Trade Commission, working for the federal government of Australia.

Mr. Bookin was also formerly a Managing Director & Co-Portfolio Manager at TCW Group ($200 billion AUM) for 12 years based in Los Angeles, where he helped manage the distressed investing group and also invested in private credit and high yield bonds.

Earlier in his career, Mr. Bookin was an Equity Research Analyst at Goldman Sachs and a Vice President at Chanin Capital Partners, where he advised distressed companies and institutional investors on financial restructurings. He began his career in 1987 as an investment banker at Drexel Burnham Lambert in Los Angeles, focusing on M&A, LBOs and high yield financings.

Mr. Bookin received a Bachelor of Arts in Economics with Honors from Harvard University, where he played on the Varsity Volleyball Team, and a Master of Applied Finance degree from Macquarie University in Sydney, Australia.

About Star Mountain

With over $4 billion in assets under management (committed capital including debt facilities as of 11/30/2024), Star Mountain takes a data-driven approach to investing into the North American lower middle-market through two complementary investment strategies: (i) direct debt and equity investing and (ii) secondaries (acquiring LP interests and direct assets and making primary LP commitments). Star Mountain believes these complementary strategies provide data-enhanced, scalable, diversified, and customizable access for its institutional and qualifying high-net-worth investors to established businesses that generally have at least $15 million in annual revenues and under $50 million in EBITDA. Its investors include public pensions, private pensions, insurance companies, commercial banks, endowments, foundations, family offices and high-net-worth individuals. Star Mountain is employee-owned and shares its profits with 100% of its U.S. full-time employees as part of its focus on maximizing value for its stakeholders and investors through alignment of interests.

Since 2010, Star Mountain has made over 300 direct investments in businesses and over 50 secondary / fund investments within its Collaborative Ecosystem®, focused on the North American lower middle-market. One of Star Mountain’s specialties is seeking current cash income for investors that is materially above the typical yields found in the public markets, often accompanied with potential long-term capital gains equity returns and low correlation to public markets through its distinctive origination, underwriting and value-added investment capabilities.

Star Mountain was recently named one of the Inc. 5000 fastest-growing private companies in America.

For the fifth straight year, Star Mountain was again named one of the Best Places to Work by Crain’s New York Business as well as once again one of the Best Places to Work by Pensions & Investments.

Star Mountain believes its focus and dedication has been productive for job creation and economic development including in underserved areas and communities. Star Mountain is dedicated to this large market of underserved businesses purpose-built to address the challenges and opportunities of these companies. As part of its commitment, Star Mountain has trademarked Investing in the Growth Engine of America ®.

Star Mountain’s Charitable Foundation, a not-for-profit 501(c)3 focuses on improving lives through economic development, including job creation, health & wellness and cancer research. Notable missions include helping match veterans and women with high quality small and medium-sized business career opportunities across the country, including within Star Mountain’s portfolio.

Note: This does not constitute an offer to sell or a solicitation of an offer to purchase interests in any investment product. Awards and recognitions by unaffiliated rating services, companies and/or publications should not be construed by a client or prospective client as a guarantee that he / she / it will experience a certain level of results if Star Mountain is engaged, or continues to be engaged, to provide investment advisory services; nor should they be construed as a current or past endorsement, testimonial endorsement, recommendation or referral of Star Mountain or its representatives by any of its clients or any other third party. Rankings published by magazines and others are generally based exclusively on information prepared and / or submitted by therecognized advisor. Moreover, with regard to all performance information contained herein, directly or indirectly, if any, readers should note that past results are not indicative of future results. The description and the selection methodologies of each award and recognition are subjective and will vary.

Awards and recognitions by unaffiliated rating services, companies, and/or publications should not be construed by a client or prospective client as a guarantee that he/she/it will experience a certain level of results if SMFM is engaged, or continues to be engaged, to provide investment advisory services; nor should they be construed as a current or past endorsement, testimonial endorsement, recommendation or referral of SMFM or its representatives by any of its clients or any other third party. Rankings published by magazines and others are generally based exclusively on information prepared and/or submitted by the recognized advisor.

Crain’s two-part survey process consisted of evaluating each nominated company’s workplace policies, practices, philosophy, systems and demographics. The second part involved an employee survey to measure the employee experience. The combined scores determined the top companies and the final ranking. Star Mountain must pay a fee to Crain’s only for survey collection purposes. Detailed eligibility criteria can be found here:https://bestcompaniesgroup.com/best-companies-to-work-for-in-new-york/eligibility/

To be named to P&I‘s Best Places list, all firms met Best Companies’ high threshold for inclusion and were evaluated against others of similar size. Individual firm profiles, which were compiled based on survey results, reflect U.S. employment numbers and were confirmed by Best Companies in the summer. Company and employee comments were edited for space, style and clarity. Assets under management or advisement are as of June 30, unless otherwise noted. To participate, companies had to have at least 20 employees in the U.S., at least $100 million of discretionary assets under management or advisement and be in business for at least one year. An anonymous employee survey, which aimed to evaluate employee engagement and satisfaction, accounted for 75% of a firm’s score; an employer survey, which evaluated workplace policies, practices, benefits and demographics, made up 25%.https://bestcompaniesgroup.com/best-places-to-work-in-money-management/eligibility/

Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent--not subsidiaries or divisions of other companies--as of December 31, 2022. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2022 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine rankings were calculated to four decimal places.https://www.inc.com/inc5000

Shawn Bookin, Star Mountain Capital Senior Advisor (Photo: Business Wire)

Shawn Bookin, Star Mountain Capital Senior Advisor (Photo: Business Wire)

An Israeli strike in Gaza killed at least eight people from the same family, most of them women and children, Palestinian medics said Tuesday.

The strike late Monday hit a house in Gaza City’s central neighborhood of Daraj, according to the Health Ministry’s ambulance and emergency service.

Among the bodies recovered from the rubble were a father and his three children, and the children’s grandmother, according to a casualty list obtained by The Associated Press. There was no immediate comment from the Israeli military on the strike.

Israeli bombardment and offensives in Gaza have killed more than 45,000 Palestinians over the past 14 months, according to the Gaza Health Ministry. The ministry’s tally does not distinguish between combatants and civilians, but it says more than of half the dead were women and children.

Israel launched its campaign in retaliation for Hamas’ Oct. 7, 2023, attack on southern Israel in which militants killed some 1,200 people and abducted 250 others, around 100 of whom remain in captivity.

Here's the latest:

DEIR AL-BALAH, Gaza Strip — An Israeli strike in Gaza killed at least eight people from the same family, most of them women and children, Palestinian medics said Tuesday.

The strike late Monday hit a house in Gaza City’s central neighborhood of Daraj, according to the Health Ministry’s ambulance and emergency service.

Rescuers recovered the bodies of eight people including two women and four children from under the rubble, it said. Among the dead were a father and his three children, and the children’s grandmother, according to a casualty list obtained by The Associated Press.

There was no immediate comment from the Israeli military on the strike.

BERLIN — Germany says its diplomats will hold their first talks on Tuesday with the new Syrian government installed by the Hayat Tahrir al-Sham group, or HTS.

The Foreign Ministry in Berlin said the talks will center on an “inclusive transition process” in Syria and the protection of minorities. The German delegation also plans to sound out the possibility of a German diplomatic presence in Damascus, and will meet representatives of Christian communities among others.

The ministry said in a statement that “we know where HTS comes from and know its origins in al-Qaida ideology,” and said that Germany is watching the activities of the group and the interim government closely.

“As far as can be said at all at this point, they are acting prudently so far,” it added. “Like our international partners, we will measure them by their actions. Any cooperation requires that ethnic and religious minorities be protected and women’s rights respected.”

The U.S. has already said that its officials have been in direct contact with HTS.

Germany has been a leading destination for Syrian refugees over the past decade.

DAMASCUS, Syria — A U.S.-backed force in Syria says U.S.-led mediation efforts have failed to reach a permanent truce in Syria's north between the force's fighters and Turkish-backed gunmen.

The Kurdish-led Syrian Democratic Forces said the failure to end the fighting in the northern areas of Manbij and Kobani were unsuccessful due to Turkey’s unwillingness to accept key points.

“Despite U.S. efforts to stop the war, Turkey and its mercenary militias have continued to escalate over the last period,” the SDF said.

The failure of the mediation is expected to lead to a new round of fighting between the SDF and the Turkey-backed Syrian National Army in the areas of Kobani.

CAIRO — The U.S. military on Tuesday said it bombed a Houthi military facility in Yemen’s capital, Sanaa, the latest U.S.-led attack on the Iranian-backed rebels.

The Houthi media office said the strike hit part of the sprawling complex that houses the rebels’ Defense Ministry. There were no immediate reports of casualties.

U.S. Central Command said the strike late Monday targeted a key command and control facility that was “a hub for coordinating Houthi operations,” including attacks on U.S. Navy and merchant vessels in the Red Sea and Gulf of Aden.

Houthis have targeted dozens of merchant vessels with missiles and drones since the Israel-Hamas war in Gaza started in October last year. They have seized one vessel and sunk two in the campaign, which has killed four sailors.

The rebels have maintained that they target ships linked to Israel, the U.S. or the United Kingdom to force an end to Israel’s campaign against Hamas in Gaza. However, many of the ships attacked have little or no connection to the conflict, including some bound for Iran.

Monday’s U.S. strike came hours after the Houthis said they fired a hypersonic ballistic missile toward Israel. The Houthi missile triggered sirens across the Tel Aviv metropolitan area.

The Israeli military said it intercepted the missile outside Israel’s borders. However, shrapnel that the military said was likely from an Israeli interceptor missile fell on the roof of a home in east Jerusalem.

A Palestinian, wounded in the Israeli bombardment of the Gaza Strip, arrives at the Al-Aqsa Hospital in Deir al-Balah, Monday, Dec. 16, 2024. (AP Photo/Abdel Kareem Hana)

A Palestinian, wounded in the Israeli bombardment of the Gaza Strip, arrives at the Al-Aqsa Hospital in Deir al-Balah, Monday, Dec. 16, 2024. (AP Photo/Abdel Kareem Hana)

Palestinians, wounded in the Israeli bombardment of the Gaza Strip, receive treatment at the Al-Aqsa Hospital in Deir al-Balah, Monday, Dec. 16, 2024. (AP Photo/Abdel Kareem Hana)

Palestinians, wounded in the Israeli bombardment of the Gaza Strip, receive treatment at the Al-Aqsa Hospital in Deir al-Balah, Monday, Dec. 16, 2024. (AP Photo/Abdel Kareem Hana)

Recommended Articles