New Mountain Capital

New Mountain Capital

New York, United StatesEst. 1999211 employeeswww.newmountaincapital.com
$55.00B AUM
buyoutprivate equityprivate debt
New Mountain Capital (“New Mountain”) is an alternative investment manager with private equity, credit and net lease strategies. New Mountain’s aggregate assets under management total ~$50 billion across all investment strategies.* Since inception, New Mountain has raised over $27 billion of committed capital across six private equity funds. New Mountain was founded in 1999 by Steven B. Klinsky and today has ~245 employees, ~145 of which are investment professionals. New Mountain’s efforts emphasize intensive fundamental research and a focus on growth and investor “value added,” rather than reliance on excessive risk, as the best path to high and consistent long-term returns. New Mountain has proactively developed particular research and operational expertise in carefully selected “defensive growth” niches of healthcare, health tech, life science supplies/biomanufacturing, “must have” information and data, digital marketing & transformation, infrastructure services/field services, specialized software, defensive growth consumer/products, financial services / technologies and technology-enabled business services. New Mountain Capital works systematically to establish expertise in additional sectors over time.

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Strategies

Private EquityBuyout
New Mountain’s private equity strategy seeks to acquire the highest quality leaders in carefully selected defensive growth industries, and then to build those businesses. New Mountain acquires controlling stakes in defensive growth industries, generally investing between $100 million and $500 million per transaction in companies with enterprise values typically between $100 million and $1 billion. New Mountain emphasizes growth and business building, rather than excessive risk, as the best path to private equity returns. The Firm generally uses debt moderately at the time of acquisition (and in some cases, has used no debt at all). The Firm has consistently identified industries top down and has sought to pursue businesses proactively before auction processes begin. New Mountain seeks to invest in companies generally characterized by: Market leadership in sustainable and noncyclical growth niches, strong free cash flow characteristics, high barriers to competitive entry, strong downside protection in all reasonable worst-case scenarios, the opportunity for substantial value creation due to rapid growth or special factors existing at the time of the investment.
Private DebtPrivate Debt
New Mountain’s credit strategy seeks to invest in businesses in the middle market that, consistent with the Firm’s private equity platform, are defensive growth companies in industries that are well-researched by New Mountain. New Mountain’s credit investment process leverages the resources, investing experience, knowledge and relationships of the entire New Mountain platform. The Firm’s private equity investment professionals and its dedicated credit staff work as a unified team to find new investment opportunities, underwrite and execute them, and monitor the resulting credit portfolio. The Firm believes that this integrated approach enables a deeper level of due diligence and promotes better credit selection.

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