New Mountain
New Mountain Capital is a New York-based growth-oriented private equity firm founded in 2000 by Steve Klinsky, managing approximately $50 billion in assets across private equity, private credit, and public equity strategies. The firm is known for its distinctive defensive growth investment philosophy, which emphasizes investing in non-cyclical, high-quality businesses with durable competitive advantages rather than relying on financial engineering or cyclical industry exposure to generate returns. New Mountain's sector-focused teams have deep expertise in healthcare, business and government services, education, technology, and other defensive growth sectors, providing meaningful informational advantages in evaluating and winning deals.
New Mountain's private equity platform invests primarily in middle-market to large-cap companies across its core defensive sectors, taking control positions in businesses where active management support, operational expertise, and strategic acquisitions can create substantial long-term value. New Mountain Credit, the firm's private credit arm, provides financing solutions to companies backed by leading private equity sponsors as well as non-sponsored businesses, offering direct lending, mezzanine, and opportunistic credit strategies. The firm's net lease real estate capabilities provide additional diversification, and New Mountain's permanent capital vehicles expand access to its strategies for both institutional and wealth management investors.
New Mountain Capital has earned a strong reputation as one of the most thoughtful and consistently performing private equity managers in the market, known for its disciplined investment selection, sector depth, and commitment to building great businesses rather than purely financial transactions. The firm's defensive growth approach — focusing on businesses with predictable revenues, high barriers to entry, and attractive long-term demand dynamics — has produced differentiated returns across economic cycles, attracting strong institutional support. New Mountain's expanding platform across private equity, credit, and real assets positions it as a growing, diversified alternative investment manager with a distinctive investment philosophy.