New Mountain Capital
|Founder||Steven B. Klinsky|
New York, New York, United States
|Products||Leveraged buyout, growth capital, recapitalizations|
|Total assets||$15.0 billion|
Number of employees
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 $15.0 billion of capital across four private equity funds plus Vantage and NMFC.
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 added or created over 19,800 jobs at New Mountain portfolio companies. Additionally, New Mountain portfolio companies spent approximately $2.7 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.
- 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
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