Alternative Investments
What Is a Collateralized Fund Obligation (CFO)? Star Mountain's $5 Billion Deal Explained
On August 4, 2026, Star Mountain Capital closed Star Mountain CFO I, a rated securitization backed by its portfolio of lower-middle-market private credit investments. Star Mountain manages roughly $5...
Jeff Barnes, MBA··10 min read
Alternative Investments
Churchill and Seviora's $400 Million CFO: What It Is, and Why You Can't Own It
TL;DR: Churchill Asset Management and Seviora Holdings closed a roughly $400 million collateralized fund obligation (CFO) on July 13, 2026, blending Churchill's U.S. private equity and junior cap
Jeff Barnes, MBA··11 min read