New Mountain Capital

Founded in 1999 by Steven Klinsky, New Mountain Capital was established to pursue a different approach to private equity by avoiding the high levels of leverage typical of its peers. The firm focuses on building mid-sized companies in predictable, acyclical industries, often targeting family-owned businesses that have not yet expanded internationally or through acquisitions. In 2018, Blackstone Inc. acquired a minority 9% stake in the firm.

The firm's investment process involves an annual gathering of its investment team to debate and identify attractive sectors based on long-term economic shifts. This proactive strategy has allowed the firm to achieve significant windfall gains and return more capital than it has invested. As of 2024, the firm is ranked among the world's largest private equity firms by Private Equity International.

Beyond its flagship private equity business, New Mountain has expanded into credit, net lease, and wealth solutions. In early 2025, the firm launched New Mountain Wealth Solutions to support Registered Investment Advisors (RIAs) and their customers, backed by a dedicated team and the firm's broader pool of investment professionals.