Star Mountain Capital Adds Former CEO of U.S. Pension Benefit Guaranty Corp and Head of Citigroup Pension Relations, Charles Millard, as Senior Advisor
Star Mountain Capital, an investment firm with over $4.0 billion in assets under management, has appointed Charles Millard as Senior Advisor. Millard brings over 30 years of experience in economic policy, investment advisory, and wealth management. He has a notable background as Director of the U.S. Pension Benefit Guaranty and as Managing Director and Head of Pension Relations at Citigroup. At Star Mountain, he aims to enhance communications and reporting for investors while showcasing the firm's value to local communities and their role in job creation and innovation. Millard’s expertise is expected to further the firm’s strategy of achieving defensive and premium yield returns from U.S. lower middle-market investments.
- Charles Millard's extensive experience (30+ years) in economic policy and investment advisory is a valuable addition.
- Millard's previous roles include Director of the U.S. Pension Benefit Guaranty and Managing Director at Citigroup.
- Star Mountain Capital manages over $4.0 billion in assets, focusing on U.S. lower middle-market investments.
- None.
Star Mountain Capital, a rapidly growing employee-owned specialized investment firm with over
![Charles Millard, Star Mountain Capital Senior Advisor (Photo: Business Wire)](https://mms.businesswire.com/media/20240626029162/en/2171244/4/2022-11-17-Charles-Millard-0048-Edit_cropped.jpg)
Charles Millard, Star Mountain Capital Senior Advisor (Photo: Business Wire)
Charles Millard has 30+ years of economic policy, investment advisory and wealth management experience and is a prominent speaker and writer within the pension and retirement investment plan space.
Mr. Millard is a former Director of the United States Pension Benefit Guaranty Corporation (PBGC) with
Mr. Millard was also a Managing Director and Head of Pension Relations at Citigroup Inc. (NYSE: C), a
“We’re excited to have his insights and knowledge to help us continue to grow our business and add as much value as possible to all stakeholders,” said Brett Hickey, Star Mountain Capital Founder & CEO. “Charles will help us ensure we provide best in class communications and reporting for investors to also help showcase the value to local communities, innovation and job creation as additional benefits to our differentiated returns.”
“Diversification is particularly important with the current high valuations across many sectors,” said Charles Millard. “Star Mountain has a compelling business model, purpose-built to execute against the supply and demand imbalances and barriers to entry inherent with lending to and investing in growing
Prior to his appointment to the PBGC in 2007, Mr. Millard had a varied career in both private and public life, including service as a Managing Director with both Lehman Brothers and Prudential Securities. Immediately before joining the PBGC, Mr. Millard was a Managing Director at Broadway Partners, a national real estate investment and management firm in
Mr. Millard also served as President of the New York City Economic Development Corp. (EDC) and Chairman of the New York City Industrial Development Agency in the administration of Mayor Rudolph Giuliani. In that role he oversaw large and significant parts of
Since leaving Citigroup, he has served as a Senior Advisor or Consultant for AQR Capital Management, McKinsey, Syntax Data and ARS Financial. He is also a Trustee Director of Independent Governance Group (a
Mr. Millard holds a Bachelor of Arts Honors Degree, cum laude and Phi Beta Kappa, from Holy Cross College, where he received the Presidential Service Award, and a J.D. from Columbia Law School, where he was a Harlan Fiske Stone Scholar.
About Star Mountain
With over
Since 2010, Star Mountain has made over 250 direct investments in businesses and over 45 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 the recognized 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
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
View source version on businesswire.com: https://www.businesswire.com/news/home/20240626029162/en/
John Polis – Media@StarMountainCapital.com
Source: Star Mountain Capital, LLC
FAQ
Who has Star Mountain Capital appointed as Senior Advisor in June 2024?
What is Charles Millard's role at Citigroup?
What was Charles Millard’s previous position before joining Star Mountain Capital?
How much in assets does Star Mountain Capital manage?