New Mountain Capital, LLC is a private equity firm investing for long-term capital appreciation through direct investments in growth equity transactions, leveraged acquisitions and management buyouts. Based in New York, the firm focuses on private equity, public equity and credit capital with aggregate assets under management more than USD 9 billion.
New Mountain Capital is a generalist firm, but it also develop expertise in education, health care, software, business services, logistics, specialty chemicals, federal services, media, consumer products, financial services and insurance, environmental services, infrastructure and energy. The firm has been very focused on risk control and has never had a bankruptcy or missed an interest payment at any of its private equity portfolio companies.
New Mountain Private Equity
The firm typically invests USD 100 million – $500 million per transaction. New Mountain’s private equity funds:
- First fund: USD 770 million, January 2000.
- Second fund: USD 1.55 billion, January 2005.
- Third fund: more than USD 5.1 billion, August 2007.
New Mountain Vantage Advisers, LLC
Public Equity is managed through New Mountain Vantage Advisers, L.L.C. Vantage seeks to invest in both long and short equity positions.
New Mountain Finance Corporation (NMFC)
Credit fund is managed through NMFC. Its investment objective is to generate current income and capital appreciation through investments in debt securities.
Some of New Mountain’s past and present private equity portfolio companies are Strayer Education, Inc., Overland Solutions, Inc., National Medical Health Card Systems, Inc., Validus Holdings, Ltd., Paris Re Holdings, Ltd., Valet Waste, Inc., EverBank Financial Corp., RedPrairie Holding, Inc., Avantor Performance Materials Holdings, Inc., Stroz Friedberg Inc. and NuSil Technology LLC.
Private Equity International awarded New Mountain as North America’s middle market private equity firm of the year for 2004 and 2007. The firm was recently awarded the 2010 Silver Award for the US Mid-Market LBO Fund.
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