Star Mountain Capital has appointed Jack Le Roy, the former head of global software investor Thoma Bravo's credit division, as a managing director.

Le Roy joined Thoma Bravo in 2017 to launch the credit business, having spent seven years at Summit Partners and the previous four at Guggenheim Partners.

Star Mountain currently manages more than $3 billion in assets, focused on the North American lower mid-market. Last August the company haled the final close of its latest SIBC fund targeting the US lower mid-market sector with more than $290 million in capital commitments.