Star Mountain Capital Transitions Peter K. Scaturro, Sr. To Vice Chairman
'One of the things that drew me to Star Mountain was its focus on the lower middle-market. It's an area that, according to the U.S. Small Business Administration, has accounted for roughly 44% of U.S. GDP and 65% of net new jobs from 2000 to mid-2023."
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Mr. Scaturro is a 40-year veteran of global banking and wealth management. He has led multi-billion-dollar businesses at Goldman Sachs, Citigroup, U.S. Trust, and Bankers Trust, driving strategy, growth and client engagement across private banking and wealth management platforms worldwide.
'Peter has been an outstanding strategic partner to Star Mountain,' said Brett Hickey, Star Mountain Capital Founder & CEO. 'His experience as a CEO, board member, and partner at some of the world's most respected financial institutions brings invaluable insights to our team. I've appreciated Peter's thoughtful insights and consistent contribution to our long-term goals.'
'Star Mountain has built a distinctive culture rooted in alignment, excellence, and long-term partnerships,' said Peter Scaturro. 'One of the things that drew me to Star Mountain was its focus on the lower middle-market. It's an area that, according to the U.S. Small Business Administration, has accounted for roughly 44% of U.S. GDP and 65% of net new jobs from 2000 to mid-2023. That kind of impact is exciting to be a part of. I look forward to supporting the firm's continued growth and helping expand its reach among institutional investors, business owners, and partners across the financial community.'
Mr. Scaturro was most recently a Partner in the Global Private Client Business of Goldman Sachs (NYSE: GS) where he oversaw the Global Private Client Business (now Global Wealth Management). He was a member of the firmwide Goldman Sachs Business Practices Committee and served on the Investment Management Division Operating Committee.
Prior to Goldman Sachs, Mr. Scaturro was the Chief Executive Officer at U.S. Trust until its acquisition by Bank of America (NYSE: BAC) in 2007 for $3.3 billion.
Before becoming Chief Executive Officer at U.S. Trust, Mr. Scaturro was the Chief Executive Officer of Citigroup Global Private Bank where he was responsible for 98 offices in 38 countries. He also served as a member of Citigroup's Management Committee. During his tenure, the Global Private Bank's earnings more than doubled and had industry leading margins.
Earlier in his career, Mr. Scaturro was a Partner at Bankers Trust (acquired by Deutsche Bank in 1999).
Mr. Scaturro began his career in 1982 at Chase Manhattan Bank in New York City.
Other Roles and Education
Mr. Scaturro received a Bachelor of Applied Science in Engineering and a Master of Engineering from Columbia University.
Outside of his executive roles, Mr. Scaturro remains actively engaged in advisory, board, and philanthropic work.
Currently, Mr. Scaturro serves as an Advisory Board Member of Sapient Capital and Vice Chairman at Agilion Systems, Inc. Since retiring from Goldman Sachs, Mr. Scaturro has been involved with numerous boards and advisory positions.
About Star Mountain Capital
With over $4 billion in AUM (committed capital including debt facilities as of 6/30/2025), Star Mountain specializes in providing scalable and data-driven investment solutions across two core strategies:
Direct Investments: Providing debt and equity capital to established lower middle-market businesses.
Secondary Investments: Acquiring LP interests, direct assets, and making primary LP commitments.
Star Mountain's investors include public and private pensions, insurance companies, commercial banks, endowments, foundations, family offices, and high-net-worth individuals. Employee-owned and sharing profits with 100% of its U.S. full-time employees, the firm prioritizes alignment of interests to maximize value for stakeholders.
Since 2010, Star Mountain has completed over 300 direct investments and 50 secondary/fund investments in the North American lower middle-market. The firm has been recognized as one of the Inc. 5000 fastest-growing private companies and a Best Place to Work by Crain's New York Business and Pensions & Investments.
For more information, visit www.starmountaincapital.com.
Legal Disclaimer:
This press release does not constitute an offer to sell or a solicitation of an offer to purchase interests in any investment product. Awards and recognitions by third-party rating agencies, companies, or publications should not be interpreted as a guarantee of future results or performance. They should not be considered as an endorsement, recommendation, or referral of Star Mountain Capital or its representatives by any client or third party. Rankings published by media and industry organizations are based on information provided by the recognized advisor. Additionally, readers should understand that past performance is not indicative of future results. Award descriptions and selection methodologies may vary. Mr. Scaturro is an independent contractor of Star Mountain Capital and not an employee.
Awards and Recognition Disclosure:
Star Mountain Capital's awards and recognitions are based on third-party evaluations and criteria, which may be subjective. These honors do not imply a guarantee of future performance or an endorsement by current or past clients.
Ranking Methodologies:
Crain's Best Places to Work: Evaluations were conducted through a two-part process, assessing workplace policies, practices, and employee satisfaction via surveys. Participation required a fee solely for survey processing purposes. More details are available at Crain's eligibility criteria.
Companies were evaluated based on surveys measuring employee engagement (75%) and employer policies (25%). Participation required a minimum of 20 U.S. employees and $100 million in discretionary assets under management. Further details can be found at P&I eligibility criteria.
Inc. 5000 Rankings: Companies were ranked based on revenue growth from 2020 to 2023. To qualify, firms had to be U.S.-based, privately held, and independent, with revenue thresholds of at least $100,000 in 2020 and $2 million in 2023. More details are available at Inc. 5000 criteria.
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