Gregory Summe recently joined Star Mountain Capital as senior advisor, bringing over 30 years of experience as an investor, operator, and C-level executive.
Star Mountain, a specialized investment manager with about $3.5 billion in assets as of Oct. 31, employs a data-driven approach to investing in the U.S. lower middle market through direct debt and equity investing as well as secondaries and net asset value (NAV) loans to funds. The New York-based firm has been on a hiring binge over the past couple of months, adding two other senior advisors and onboarding Amon Johnson, formerly from BlackRock, as a managing director.
Brett Hickey, Star Mountain founder and CEO, praised the firm’s latest team member for his “tremendous industry, operating and investment insights that we believe will be additive to our portfolio companies, investors and team.”
Summe spent five years as vice chairman and partner at The Carlyle Group, in addition to serving as investment committee member of the firm’s Global Buyout group and as a member of Carlyle’s Operating Committee. Before Carlyle, he served as a senior advisor to Goldman Sachs Capital Partners, where he also held the interim CEO position at Hawker-Beechcraft Corp.
Summe has additional leadership experience as a board member in the engineering, aerospace, finance, and data analytics industries. He has participated in over 200 private equity investments as an investment committee member and has been involved in the acquisition or sale of more than 40 companies as a company CEO.
Before entering private equity, Summe served as president and later as CEO and chairman of the Board at PerkinElmer from 1998 to 2009. Prior to PerkinElmer, Summe held various roles at AlliedSignal (now Honeywell International), served as the general manager of Commercial Motors at General Electric and was a partner at McKinsey & Company. He currently holds board roles in public and private companies.
“Star Mountain’s purpose-built business model bringing larger market expertise to smaller businesses in the large and fragmented lower middle-market is differentiated and compelling,” Summe said. “I am excited to work with long-time and new friends at Star Mountain to help them continue to execute against their mission of bringing as much value as possible to this underserved lower middle market.”