New Mountain Capital, L.L.C.
New Mountain Capital, founded in 1999 and headquartered in New York City, is an alternative investment firm specializing in private equity, credit, and real estate (net lease) strategies. With approximately 175 investment professionals and total staff likely exceeding 300, the firm manages around $60 billion as of mid-2025. New Mountain is recognized for growth investing in mid-sized companies across economically acyclical industries, with a global presence and a focus on building business value for family-owned and founder-led enterprises.
Investment Strategy
New Mountain Capital pursues a 'defensive growth' strategy by acquiring controlling and minority stakes in leading businesses operating in non-cyclical, predictable sectors. The firm emphasizes growth and business building over financial engineering, investing in companies with high barriers to entry, sustainable market leadership, strong free cash flow, and significant opportunities for value creation. Portfolio companies are selected through top-down industry research, and New Mountain generally uses moderate leverage. The firm actively assists management to drive growth, implement new strategies, expand markets, and improve operational efficiency, seeking to limit downside risk and avoid excessive leverage.
Top Holdings
Equity Positions (1)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
A AVTR | AVANTOR INC | 100.00% | $188.4M | 14,000,000 | $19.60 | $13.46 | -$38.5M |