Star Mountain is a specialized asset
management firm focused exclusively on the U.S. lower middle - market by investing
debt and equity directly into established operating
companies, making strategic investments into fund managers and purchasing
secondary fund positions.
A review of high - yield
debt investments should cover: (1) analysis of the industry, including growth rates, special risks and leading
companies; (2) analysis of the bond issuer, including the
company's position in its industry; new products;
management stability; the outlook for growth in revenues and cash flow as captured in Earnings Before Interest, Taxes, Depreciation and Amortization, also called EBITDA; value of corporate assets and the
debt maturity schedule; and (3) analysis of the issue, including special provisions in the «bond indenture,» covenants protecting the bondholder, use of the money raised in bond offerings,
debt seniority,
secondary market liquidity and call provisions.