New Mountain Capital
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).
Private | |
Industry | Private Equity, Hedge Fund, BDC |
Founded | 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'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
- Fifth Partner Is Added By Forstmann Little. New York Times, January 29, 1987
- . New Mountain Capital, 2016
- "Zep Inc. Announces Completion of Acquisition by New Mountain Capital". www.businesswire.com. 2015-06-26. Retrieved 2020-03-19.
- "New Mountain Capital Acquires ACETO Chemicals Business". www.businesswire.com. 2019-04-16. Retrieved 2020-03-19.
- Private Equity International: Steve Klinsky Dives Deep. Private Equity International, March 2006
- Mergers & Acquisitions Magazine: Methodical Discretion. Mergers and Acquisitions Magazine, November 2009
- Mixing Business With Philanthropy in the Classroom. New York Times, November 14, 2005
- Private Equity's New Entrepreneurs. Business Week, March 13, 2007
- Article: New Mountain plans an 'activist' venture. International Herald Tribune, January 25, 2006