Fortress Investment Group partner Jared Cohen has joined Star Mountain Capital as a managing director on the investment team.
This is the latest high profile hire for Star Mountain, as the investment firm scales its business. Last year, another Fortress executive – Curtis Glovier – joined Star Mountain as a managing director.
In his new role, Cohen will primarily focus on sourcing, analysing and managing private market investments on the West Coast of the US.
He has more than 25 years experience in private credit, special situations, private equity and secondaries investing. Cohen has previously held operating roles in lower middle-market businesses and has served as a director on both public and private company boards.
“Jared is a proven and dynamic investment professional, who has invested across market cycles over many industries and has hands-on operating experience as well, which we believe helps optimise returns,” said Brett Hickey, founder and chief executive of Star Mountain.
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“His experience from leading global investment firms paired with his values and work ethic are highly aligned with ours and we believe Jared will be a great addition to our team as we deepen our capabilities and local market advantages across the US.”
Glovier worked with Cohen at Fortress, and said that he is “confident in his ability to work well alongside our team and stakeholders to add value to the companies we invest with and our investors alike.”
Prior to joining Fortress, Cohen was a vice president at Merrill Lynch, where he focused on principal investing, including direct credit originations and special situations investing.
“Having invested across large and small enterprises over my career, I believe Star Mountain’s focus on the fragmented lower middle-market with an acute focus on generating alpha and low market correlated returns for investors is very compelling,” said Cohen.
“Star Mountain’s long-term focus with an emphasis on team, technology and infrastructure has, I believe, allowed it to become a highly differentiated and valuable investment firm that I am proud to now be a part of.”
Read more: Star Mountain hires ex-Merrill alts specialist as MD
