New Mountain Capital
Encyclopedia
New Mountain Capital is a firm dealing in private equity
and growth capital
investments across acyclical growth industries. The firm emphasizes growth and business building, rather than high risk or debt leverage, in its investments. The firm's public equity arm, Vantage, applies New Mountain's research and business building strengths towards 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 $9.0 billion of capital across three private equity fund
s plus Vantage and NMFC. In 2007, New Mountain completed fundraising for its third private equity fund, with $5.1 billion of investor commitments. This fund is investing now.
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. 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 . In the latest release, New Mountain reported that it had created over 8,600 jobs at New Mountain portfolio companies. Additionally, New Mountain portfolio companies sent approximately $997 million 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.
Private equity
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
and growth capital
Growth capital
Growth capital is a type of private equity investment, most often a minority investment, in relatively mature companies that are looking for capital to expand or restructure operations, enter new markets or finance a significant acquisition without a change of control of the business.Companies...
investments across acyclical growth industries. The firm emphasizes growth and business building, rather than high risk or debt leverage, in its investments. The firm's public equity arm, Vantage, applies New Mountain's research and business building strengths towards 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 $9.0 billion of capital across three private equity fund
Private equity fund
A private equity fund is a collective investment scheme used for making investments in various equity securities according to one of the investment strategies associated with private equity....
s plus Vantage and NMFC. In 2007, New Mountain completed fundraising for its third private equity fund, with $5.1 billion of investor commitments. This fund is investing now.
The firm, which is based in New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
, 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. Prior to that, Klinsky was a co-founder of the leveraged buyout group at Goldman Sachs
Goldman Sachs
The Goldman Sachs Group, Inc. is an American multinational bulge bracket investment banking and securities firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients...
(1981-1984), where he helped execute over $3 billion of transactions.
New Mountain each year releases its “Social Dashboard” Report . In the latest release, New Mountain reported that it had created over 8,600 jobs at New Mountain portfolio companies. Additionally, New Mountain portfolio companies sent approximately $997 million 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.
External links
- New Mountain Capital (company website)