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New Mountain Capital

North America, New York, United States, New York

Description

New Mountain Capital is a prominent New York-based investment firm with a distinctive growth-oriented, value-add investment strategy. Established in 1999, the firm has grown to manage private equity, credit, and public equity funds, with aggregate assets exceeding $50 billion. New Mountain Capital distinguishes itself by focusing on building businesses of "new mountain" quality, emphasizing long-term value creation rather than financial engineering. Their approach involves identifying and investing in defensive growth industries that possess high barriers to entry and are less susceptible to economic cycles.

The firm's investment focus spans several key sectors, including healthcare, enterprise software, business services, financial services, and infrastructure. Within these industries, New Mountain Capital typically pursues control equity investments in middle-market companies. They are known for their deep sector expertise and proactive sourcing, often partnering with management teams to implement strategic initiatives that drive operational improvements and organic growth. This hands-on approach aims to transform portfolio companies into market leaders.

New Mountain Capital typically deploys substantial capital into its portfolio companies, with initial equity checks generally ranging from $100 million to $750 million. This significant capital commitment allows them to acquire meaningful control stakes and provide ample resources for growth initiatives, including strategic acquisitions and expansion into new markets. Since its inception, the firm has successfully raised over $37 billion of committed capital across its private equity funds, underscoring its strong track record and investor confidence. Their strategy is rooted in a fundamental belief in building great businesses, fostering sustainable growth, and generating superior returns for their limited partners.

Investor Profile

New Mountain Capital has backed more than 41 startups, with 11 new investments in the last 12 months alone. The firm has led 32 rounds, about 78% of its total and boasts 16 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Private Equity, Series Unknown, Debt Financing rounds (top funding stages).
  • Majority of deals are located in United States, Canada, India.
  • Strong thematic focus on Health Care, Software, Information Technology.
  • Led 8 rounds in the past year.
  • Typical check size: $100M – $750M.

Stage Focus

  • Private Equity (78%)
  • Series Unknown (7%)
  • Debt Financing (5%)
  • Series B (2%)
  • Series A (2%)
  • Post Ipo Equity (2%)
  • Post Ipo Debt (2%)

Country Focus

  • United States (95%)
  • Canada (2%)
  • India (2%)

Industry Focus

  • Health Care
  • Software
  • Information Technology
  • Consulting
  • Medical
  • Finance
  • Saas
  • Analytics
  • Hospital
  • Accounting
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does New Mountain Capital frequently co-invest with?

The Carlyle Group
North America, District of Columbia, United States, Washington
Co-Investments: 2
Aravis Ventures
Europe, Zurich, Switzerland, Zürich
Co-Investments: 1
5AM Ventures
North America, California, United States, Menlo Park
Co-Investments: 1
Black Point Group
North America, Maine, United States, Portland
Co-Investments: 1
Abu Dhabi Investment Authority
Asia, Abu Dhabi, United Arab Emirates, Abu Dhabi
Co-Investments: 1
HPS Investment Partners
North America, New York, United States, New York
Co-Investments: 3
Blackstone Group
North America, New York, United States, New York
Co-Investments: 5
Venrock
North America, California, United States, Palo Alto
Co-Investments: 2
ARCH Venture Partners
North America, Illinois, United States, Chicago
Co-Investments: 2

What are some of recent deals done by New Mountain Capital?

Baker Tilly

Chicago, Illinois, United States

Baker Tilly is a full-service consulting, tax, and assurance firm that provides a range of services to clients across various industries.

AccountingFinanceWealth Management
Debt FinancingJun 5, 2025
Amount Raised: $1,500,000,000
SmarterDx

New York, New York, United States

SmarterDx is a clinical AI company that develops automated pre-bill review technology to assist hospitals in analyzing patient discharges.

Artificial Intelligence (AI)Health CareHospitalInformation Technology
Private EquityApr 14, 2025
Thoughtful AI

Austin, Texas, United States

Thoughtful AI provides an AI operating system designed specifically for healthcare revenue cycle management teams.

Artificial Intelligence (AI)Enterprise SoftwareHealth CareRobotic Process Automation (RPA)
Private EquityApr 10, 2025
Office Ally

Vancouver, Washington, United States

We are here to support healthcare providers and payers with high-value software solutions that are reliable, affordable, and easy-to-use.

Health CareInformation TechnologyMedicalSoftware
Private EquityApr 7, 2025
Union Healthcare Insight

Washington, District of Columbia, United States

Union Healthcare Insights is a healthcare research and insights platform.

AnalyticsHealth Care
Private EquityJan 14, 2025
Access Healthcare

Chennai, Tamil Nadu, India

Access Healthcare is a provider of end to end revenue cycle management solutions including medical billing, coding & A/R Follow-up services.

Health CareOutsourcingRobotic Process Automation (RPA)
Private EquityJan 14, 2025
Quorum Software

Houston, Texas, United States

Software solutions & services to manage oil & gas, renewable energy and natural resource operation and commercial business processes

EnergySaaSSoftware
Debt FinancingNov 19, 2024
Amount Raised: $865,000,000
Portage Point Partners

Chicago, Illinois, United States

Portage Point is an interim management, advisory and investment firm.

ConsultingFinancial ServicesVenture Capital
Private EquityOct 2, 2024
Smartsheet

Bellevue, Washington, United States

Smartsheet is a cloud-based work management platform that empowers collaboration, drives better decision-making, and accelerates innovation.

Cloud ManagementEnterpriseSaaSSoftware
Post Ipo DebtSep 24, 2024
Amount Raised: $3,200,000,000
Datassential

Chicago, Illinois, United States

Datassential is a market research company providing research reports, brand measurement, and price optimization solutions.

Consulting
Private EquitySep 13, 2024