- New Mountain Capital
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New Mountain Capital 
Type Private Industry Private equity Founded 2000 Founder(s) Steven B. Klinsky Headquarters New York, New York, United States Products Leveraged buyout, Growth capital, Recapitalizations Total assets $8.5 billion Employees 75+ Website www.newmountaincapital.com New Mountain Capital is a firm focused on private equity and growth capital investments across a range of proactively selected and acyclical growth industries. The firm emphasizes growth and business building, rather than high risk or debt leverage, in its investments. The firm also has a public equity arm, Vantage, which applies New Mountain's research and business building strengths towards non-control positions in publicly traded companies generally. Also, 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 funds 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. [1]
The firm, which is based in New York City, was founded in 2000 by Steven B. Klinsky[2]. Prior to founding New Mountain, Klinsky was a general partner of private equity firm Forstmann Little and Co., which he joined in 1984.[3] 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 [4]. 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. Also, on average, New Mountain's portfolio companies pay above the median U.S. income.
References
- ^ Leverage-Light Strategy Lifts New Mountain To $5.1 Billion. Reuters Buyouts, February 4, 2008 [1]
- ^ Maureen Sherry and Steven Klinsky. New York Times, April 30, 1995
- ^ Fifth Partner Is Added By Forstmann Little. New York Times, January 29, 1987
- ^ Social "Dashboard" Report. Social "Dashboard" Report
- 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
- All that glitters. The Deal, March 6, 2009
- Article: New Mountain plans an 'activist' venture. International Herald Tribune, January 25, 2006
External links
- New Mountain Capital (company website)
Private equity and venture capital investment firms Investment strategy 
History History of private equity and venture capital · Early history of private equity · Private equity in the 1980s · Private equity in the 1990s · Private equity in the 2000sInvestors Institutional Investors · Pension funds · Insurance companies · Endowments · Investment Banks · Merchant banks · Fund of funds · High net worth individuals · Angel investors · Family offices · Sovereign wealth fundsPrivate equity firms · Venture capital firms · Portfolio companies Categories:- Private equity firm stubs
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- Companies established in 2000
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