New Mountain Capital, a NYC-based growth-oriented alternative investment firm, closed a $15.4 Billion seventh control/control-oriented fund, New Mountain Partners VII, L.P. and its related vehicles.
Investors in Fund VII included approximately 400 of pension funds, insurance companies, sovereign wealth funds, asset managers, foundations, endowments, family offices, RIAs, and high net worth individuals, among others. The General Partner is the largest investor in the Fund.
The Fund intends to continue to pursue New Mountain’s long-standing strategy emphasizing non-cyclical growth and business building for companies in carefully chosen “defensive growth” industries. New Mountain proactively develops operational expertise in these targeted, acyclical sectors through deep, fundamental research, resulting in what the firm believes are differentiated sourcing and value creation capabilities. It seeks to combine financial skills with operational and strategic skills at every step of the process, and primarily invests in “middle market” businesses.
The firm currently manages private equity, strategic equity, credit, and net lease real estate funds with nearly $55 Billion in assets under management.
FinSMEs
02/07/2024