Stephen Faughnan joined $3 billion Star Mountain Capital as managing director of finance and operations after heading up operations at Siguler Guff.
Moving to the lower middle-market focused firm, Faughnan has been charged with spearheading best practices within the finance and operations as well as overseeing the use of additional resources to Star Mountain’s collaborative ecosystem in order to further support portfolio investments, according to Star Mountain Capital Founder and CEO Brett Hickey.
“Having seen hundreds of asset managers over my 20 years of alternative investments experience, I found Star Mountain’s investment strategies and culture to be differentiated leading me to want to continue my career and offer my expertise there,” said Faughnan in a statement. “The firm’s long-term commitment to team, training, infrastructure, technology and data have helped build a strong foundation for continued growth.”
He brings over 20 years of finance, operations, accounting, tax and regulatory compliance experience across the financial services industry including private credit, private equity, secondary funds, hedge funds, ’40 Act Funds, fund of funds, and various other regulated fund structures.
Most recently as the managing director of Operations at Siguler Guff & Company, he was responsible for all daily operational functions for the firm and its related investment vehicles, including fund financing, operational due diligence, currency hedge trading, AIFMD implementation and reporting, information technology/cybersecurity, treasury and human resources.
Previously, Faughnan spent over 12 years at Goldman Sachs Asset Management (GSAM), where he was a vice president. He held many different roles within GSAM, across finance, operations and regulatory compliance while working in the New York, Bangalore, Seoul and Tokyo offices. In these varied roles, he focused on management company reporting, fund accounting, portfolio valuations, fund operations and regulatory compliance.