New Mountain Capital

New Mountain Capital
Private
Industry Private equity
Founded 2000 (2000)
Founder Steven B. Klinsky
Headquarters AXA Center
New York, New York, United States
Key people
 Steven Klinsky (CEO)
Products Leveraged buyout, growth capital, recapitalizations
Total assets $15.0 billion
Number of employees
 100+
Website www.newmountaincapital.com

New Mountain Capital is an alternative investment manager with private equity, public equity and private debt 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 oversees approximately $15.0 billion of capital. New Mountain has approximately $10.7 billion of private equity capital across three active New Mountain Partners funds and over $11.5 billion of committed capital across four funds since inception.

The firm, which is based in New York City, was founded in 2000 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 26,700 jobs at New Mountain portfolio companies. Additionally, New Mountain portfolio companies spent approximately $3.5 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.

New Mountain Capital acquired ArroHealth in April 2017 through New Mountain’s Ciox Health clinical-data-exchange platform. Financial terms of the deal were not disclosed.

References

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


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