New Mountain Capital

New Mountain Capital
Private
Industry Private Equity, Hedge Fund, BDC
Founded 1999 (1999)
Founder Steven B. Klinsky
Headquarters AXA Center
New York, New York, United States
Key people
 Steven Klinsky (CEO)
Products Leveraged buyout, growth capital, recapitalization, Equity long/short and long only, BDC
Total assets $20+ billion
Number of employees
 100+
Website www.newmountaincapital.com

New Mountain Capital is an alternative investment manager with private equity, public equity and private credit strategies. New Mountain Capital's public equity arm, Vantage, takes non-control positions in publicly traded companies. An affiliate of New Mountain is the investment advisor for New Mountain Finance Corporation, a publicly traded business development company (NYSE: NMFC).

New Mountain Capital's aggregate assets under management total more than $20.0 billion* across private equity, public equity and credit. Since inception, New Mountain has raised over $17.0 billion of committed capital across five private equity funds. The firm is currently investing capital committed to its fifth fund, New Mountain Partners V.

The firm, which is based in New York City, was founded in 1999 by Steven B. Klinsky. Prior to founding New Mountain, Klinsky was a general partner of private equity firm Forstmann Little and Co., which he joined in 1984.[1] Prior to that, Klinsky was a co-founder of the leveraged buyout group at Goldman Sachs (1981-1984), where he helped execute over $3 billion of transactions.

New Mountain each year releases its “Social Dashboard” Report.[2] In the latest release, New Mountain reported that it had added or created over 40,700 jobs at New Mountain portfolio companies. Additionally, New Mountain portfolio companies spent approximately $4.1 billion in aggregate on research and development, software spending and capital expenditures. On average, New Mountain's portfolio companies pay above the median U.S. income.

∗ Includes amounts committed, not all of which have been drawn down and invested to date.

References

  1. ↑ Fifth Partner Is Added By Forstmann Little. New York Times, January 29, 1987
  2. ↑ . New Mountain Capital, 2016


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