Star Mountain Lower Middle-Market Capital Corp. is an externally managed, closed-end BDC that seeks to generate current income and capital appreciation. The Company invests primarily in privately negotiated loans and equity investments to U.S. small and medium-sized businesses, generally with annual revenues greater than $15 million and EBITDA of less than $50 million. It is managed by Star Mountain Fund Management, LLC and may conduct quarterly repurchases of its common stock.
News and Notices
Star Mountain Capital
2020
'40 Act
Non-Traded BDC
USD
Quarterly
December 31
News and Notices
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Portfolio Holdings
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Tender Offers
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Returns
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Notices
Date
Time (ET)
Notice Type
Source
Notice
Oct 31, 2023
12:48
Redemptions
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Star Mountain Lower Middle-Market Capital launched a tender offer to repurchase up to 248,117 shares, or 2.5% of June 30, 2026 shares outstanding, at September 30, 2026 net asset value. Accepted investors will receive cash within 60 days.
Nov 19, 2023
11:36
Debt Issuances
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Star Mountain Lower Middle-Market Capital amended its revolving credit facility, reducing aggregate commitments from $200 million to $185 million and extending scheduled maturity from June 30, 2028 to July 3, 2029. Borrowing availability terms and lender participation changed.
May 12, 2025
14:30
Debt Issuances
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Star Mountain Lower Middle-Market Capital issued $25 million of additional floating-rate senior unsecured notes with a 3.75% spread, increasing the series from $25 million to $50 million. Debt carries quarterly interest and a 1.50 to 1.00 asset coverage covenant.
Jan 13, 2025
17:15
Other
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Star Mountain Lower Middle-Market Capital adjourned its vote on changing from a Delaware corporation to a Delaware statutory trust until August 7, 2026, to solicit additional votes. Valid proxies remain usable unless changed or revoked.
Jan 01, 2026
09:54
Redemptions
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Star Mountain Lower Middle-Market Capital offered to repurchase up to 250,425 common shares, 2.5% of March 31, 2026 outstanding shares, at June 30, 2026 net asset value. Holders of accepted shares receive non-interest-bearing promissory notes paid within 60 days.
Jun 29, 2024
15:59
Subscriptions
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Star Mountain Lower Middle-Market Capital sold 45,587 Class I common shares on May 29, 2026 for $1.1 million. Investors must fund drawdowns up to capital commitments with at least eight business days’ notice.
Sep 30, 2025
09:27
Ownership
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Star Mountain Lower Middle-Market Capital seeks approval to convert from a Delaware corporation to a Delaware statutory trust and rename as Star Mountain Lower Middle-Market Capital Company. If approved, it could issue unlimited common and preferred shares without shareholder approval.
Jun 10, 2024
16:41
Ownership
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Star Mountain Lower Middle-Market Capital Corp. seeks approval to convert from a Delaware corporation to a Delaware statutory trust, changing authorized common shares from 200 million to unlimited. If approved, each common share becomes one same-class beneficial-interest share.
Jun 30, 2023
16:07
Fees
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Star Mountain Lower Middle-Market Capital registered four share classes, with 10.1 million shares outstanding on March 31, 2026. The shares are not listed; Class S and Class D carry 0.75% and 0.25% annual servicing or distribution fees.
Feb 03, 2025
16:02
Redemptions
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Star Mountain Lower Middle-Market Capital commenced a tender offer to repurchase up to 252,639 shares, or 2.5% outstanding, at March 31, 2026 net asset value. Accepted tenders are paid through non-interest-bearing promissory notes within 60 days.
Preview
Star Mountain Lower Middle-Market Capital Corp
Star Mountain Capital is responsible for managing Star Mountain Lower Middle-Market Capital Corp.
Star Mountain Lower Middle-Market Capital Corp launched in 2020.
Star Mountain Lower Middle-Market Capital Corp is registered as a '40 Act fund.
Star Mountain Lower Middle-Market Capital Corp is structured as a Non-Traded BDC fund.
You can redeem shares of Star Mountain Lower Middle-Market Capital Corp quarterly, subject to redemption limits and notice requirements.
Shares of Star Mountain Lower Middle-Market Capital Corp can be purchased in USD.
Star Mountain Lower Middle-Market Capital Corp's fiscal year end is December 31.
Star Mountain Lower Middle-Market Capital Corp's net asset value was $231.7 million and its portfolio had a fair value of $411.1 million as of June 30, 2026.
Among other deal types, Star Mountain Lower Middle-Market Capital Corp primarily makes Debt Investments.
Among other asset classes, Star Mountain Lower Middle-Market Capital Corp primarily invests in Direct Lending.
Among other regions, Star Mountain Lower Middle-Market Capital Corp primarily invests Globally and in the USA.
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