Jack Le Roy, former founder and head of Thoma Bravo’s private credit business, has joined Star Mountain Capital as a managing director.
With $3 billion in assets, Star Mountain is focused on investing in the North American lower middle-market. Le Roy is based in Austin, Texas and brings over two decades of private credit experience and has completed over 100 investments representing over $5 billion of invested capital from his work at Thoma Bravo, Summit Partners and Guggenheim Partners.
“Adding a fifteenth full-time managing director and one with particular experience in the software and technology sectors, as well as strong West coast relationships further extends our differentiated, value-add capabilities for business owners and our investors,” said Star Mountain Capital Founder and CEO Brett Hickey in a statement.
Le Roy brings experience investing in senior debt, junior debt and private equity with a specialization in software (including applications), infrastructure and cyber security and technology-enabled businesses.
At Thoma Bravo credit, he served on the investment committee overseeing and completing roughly 50 transactions totaling $3 billion. Prior to Thoma Bravo, he was a founding member of the Summit Partners Credit Advisors business focused on private credit and minority equity investments in middle and lower-middle market businesses.
He began his career at Guggenheim Partners, where he was part of the leveraged credit investing group. There he led a team focused on consumer, technology and media industries. In that role, he deployed several billion dollars across a broad spectrum of credit investments including investment grade securities, high yield, leveraged loans and private credit. Starting his career as an analyst, he was promoted to associate and then vice president during his time at Guggenheim before spinning out with colleagues to launch Summit’s private credit business.
“Star Mountain’s distinctive lower middle-market private investments platform has a demonstrated track record of providing compelling value for business owners and investors in this fragmented marketplace,” said Le Roy in a statement. “Star Mountain’s collaborative culture, including alignment of interest with its portfolio investments and investors as well as the firm’s long-term commitment to its team, training, infrastructure, technology and data made it a compelling place for me to invest my career and relationships where I believe I can further add incremental value to the businesses we invest with and to our investors.”
