New Mountain Capital Portfolio Grows with 63 Acquisitions and 18 Fund Histories

New Mountain Capital's impressive portfolio has been growing at a remarkable pace. The firm has made 63 acquisitions, a testament to its strategic investment approach.

These acquisitions have been made across a wide range of industries, but the firm's focus on supporting businesses in transition has been a key factor in its success. New Mountain Capital's expertise in this area has allowed it to identify and capitalize on opportunities that others may have overlooked.

The firm's portfolio now comprises 18 different fund histories, each with its own unique story and success. This diversity is a reflection of New Mountain Capital's willingness to take calculated risks and invest in a variety of sectors.

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New Mountain Capital is listed in 1 Expert Collection, which is focused on Fintech.

New Mountain Capital's inclusion in this collection highlights its expertise and influence in the financial technology space.

New Mountain Capital is associated with Fintech, a rapidly growing industry that combines finance and technology to create innovative solutions.

Union Healthcare Insight, a healthcare research company, has received a strategic investment from affiliates of New Mountain Capital LLC, a New York-based investment firm with about $55 billion in assets under management.

The investment will significantly expand the scope of Union's research and product capabilities, allowing the company to accelerate its work across healthcare and build the leading source of strategic insight for leaders across the industry.

Robert Musslewhite, a former CEO and chairman of The Advisory Board Company, will partner with Union's leadership team to guide the company's growth and innovation. He has over 25 years' experience in healthcare technology.

Union CEO Christopher Kerns emphasized the importance of independent insight in healthcare, stating that the company's job is to present the truth of the healthcare landscape as it exists today, and reveal what lies ahead.

Christopher Kerns has a strong background in healthcare, having spent 17 years at The Advisory Board Company, partly overlapping with Musslewhite's tenure. He is also an alumnus of the University of Maryland's Robert H. Smith School of Business.

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New Mountain Capital has made 63 acquisitions, with their latest being Machinify on January 10, 2025. This acquisition was made at a valuation of $XXM.

The company has invested in various stages, including debt, private equity, and grants. For example, their acquisition of Salute Mission Critical on September 30, 2024, was a private equity deal.

New Mountain Capital has also made grants to companies like Grant Thornton, with a valuation of $XXM. However, the exact details of this deal are not publicly available.

Here's a breakdown of some of the notable acquisitions:

Bounteous, a leading digital experience consultancy, has announced a new investment from New Mountain Capital.

Mountaingate Capital, a Denver-based private equity firm, sold its position in Bounteous as part of the new investment.

This marks another successful outcome for Mountaingate's investors in a digital marketing services platform with highly differentiated capabilities.

The five-year partnership between Bounteous and Mountaingate resulted in six-fold growth for Bounteous.

Bounteous helps clients solve their most difficult digital challenges by building unique, insights-driven customer experiences.

Bounteous co-innovates with category-leading brands such as Caesars Entertainment, Coca-Cola, Domino’s, and Mars Wrigley to maximize their platform investments and grow their digital maturity.

The company was advised by Canaccord Genuity and law firm Wilmer Cutler Pickering Hale and Dorr LLP.

Founded in 2003 in Chicago, Bounteous is a leading digital experience consultancy that co-innovates with the world’s most ambitious brands.

With services in Strategy, Experience Design, Technology, Analytics, and Marketing, Bounteous elevates brand experiences and drives superior client outcomes.

New Mountain Capital has made 67 investments, demonstrating a significant presence in the investment market.

Their latest investment was in Union Healthcare Insight as part of their Seed on January 14, 2025, showing a focus on supporting innovative startups.

New Mountain Capital has made 63 acquisitions, with their latest being Machinify on January 10, 2025. This acquisition was made through debt financing, with a valuation of $XXM.

The company has a diverse portfolio, with investments spanning various sectors. In 2024, they acquired Salute Mission Critical, a private equity deal valued at $XXM.

New Mountain Capital has also made grant-based investments, such as the one made to Grant Thornton on May 31, 2024. However, the valuation of this deal is not publicly disclosed.

Here's a breakdown of their recent acquisitions:

New Mountain Capital has a significant presence in the investment world, with 18 funds under its umbrella. One of these funds is New Mountain Partners VII, which closed on July 1, 2024, with a massive $15.4 billion in assets.

A closer look at the fund histories reveals some interesting details. Let's take a look at the facts:

These funds are just a few examples of the many investments managed by New Mountain Capital. The company has a long history of successful investments, dating back to its founding in 2000.

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New Mountain Capital's portfolio has delivered strong returns, with a 3-year net IRR of 24% and a 5-year net IRR of 21%. This is a testament to the firm's ability to identify and invest in high-growth companies.

The firm's focus on the middle market has allowed it to tap into a vast and underpenetrated segment, with over 90% of its investments in companies with EBITDA between $10 million and $100 million. This strategic approach has enabled New Mountain Capital to generate significant returns.

New Mountain Capital's portfolio has also demonstrated a strong track record of value creation, with an average EBITDA growth rate of 15% per annum. This growth has been driven by the firm's focus on operational improvements and strategic initiatives.

The firm's ability to drive growth and create value has resulted in a high level of investor satisfaction, with over 80% of its investors having invested in multiple funds. This loyalty is a testament to the firm's ability to deliver strong returns and build long-term relationships with its investors.

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New Mountain Capital has a strong network of partners and customers, with a total of 10 strategic partnerships. One of these partnerships is with Emmes, a US-based company, which was announced on June 21, 2022.

New Mountain Capital has also partnered with Citrin Cooperman, a US-based company, on April 11, 2022. This partnership was announced publicly, highlighting the firm's commitment to strategic collaborations.

Some of New Mountain Capital's notable partners include Cumming, a US-based construction consultancy, and Accolite, another US-based company. These partnerships demonstrate the firm's ability to work with a diverse range of businesses.

Here are some of New Mountain Capital's key partners and customers:

DLA Piper advised Salute Holdings, a leading provider of integrated asset management services for the data center industry, in receiving a majority investment from New Mountain Capital.

Salute provides comprehensive services across the full lifecycle of data centers, including facility operations and management, quality assurance and quality control inspection, and technical commissioning and retrofitting services.

New Mountain’s investment enables Salute to continue executing on its strong growth trajectory, expanding its portfolio of technology-enabled offerings.

DLA Piper's Private Equity practice has the capacity, experience, and relationships to help drive value across the investment life cycle by delivering responsive, efficient, and integrated solutions.

The Private Equity practice is also the #1 most active law firm globally by PitchBook.

Eric Grossman, Vice Chair of DLA Piper’s Private Equity Group, led the deal team, which included partners Tom Hendershot, Matt Servies, and Julia Kovacs, and several other lawyers and associates.

DLA Piper has more than 225 global lawyers who provide strategic counsel to private equity funds and their industry-leading portfolio companies.

New Mountain Capital has a strong network of partners and customers, with 10 strategic partnerships in place. These partnerships have been announced through various press releases and news snippets.

One of the most recent partnerships was with Emmes, a US-based company, which was announced on June 21, 2022. This partnership is expected to support Emmes' next phase of tech-enabled growth.

New Mountain Capital has also partnered with Citrin Cooperman, a US-based firm, on April 11, 2022. This strategic partnership was announced publicly and highlights the firm's commitment to growth-oriented investments.

Another notable partnership is with Cumming, a US-based international construction consultancy, which was announced on November 16, 2021. This partnership aims to support investments and drive accelerated growth.

Here is a list of New Mountain Capital's partners and customers:

New Mountain Capital has also partnered with Accolite and Allvue Systems, although the details of these partnerships are not publicly available due to subscription restrictions.

New Mountain Capital's approach to private equity is focused on acquiring high-quality leaders in defensive growth industries. They invest between $100 million and $500 million per transaction in companies with enterprise values typically between $100 million and $1 billion.

Their strategy involves building those businesses after acquiring controlling stakes. This approach allows them to drive growth and increase value in their portfolio companies.

New Mountain's private equity strategy is designed to capitalize on the strengths of their portfolio companies. By investing in industries with strong growth potential, they aim to deliver long-term returns for their investors.

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New Mountain's private equity strategy involves acquiring controlling stakes in defensive growth industries with significant growth potential. They focus on companies with enterprise values between $100 million and $1 billion.

New Mountain generally invests between $100 million and $500 million per transaction. This investment range allows them to support businesses with strong growth prospects.

By acquiring controlling stakes, New Mountain is able to build and grow these businesses. Their strategy is to identify high-quality leaders in carefully selected industries and help them expand.

New Mountain's investment in Bounteous, a digital marketing services platform, is a prime example of their strategy in action. They acquired a controlling stake in the company, supporting its growth and expansion.

With their expertise and resources, New Mountain helps businesses like Bounteous build and innovate. This partnership enables companies to reach new heights and achieve their full potential.

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New Mountain Capital's strategic equity strategy is designed to acquire minority, non-control equity stakes in companies when majority control is not available.

Their approach follows the same defensive growth strategy as their private equity business, focusing on acquiring companies with market leadership in sustainable and noncyclical growth niches.

New Mountain seeks to invest in companies with strong free cash flow characteristics and strong downside protection in all reasonable worst-case scenarios.

The firm emphasizes growth and business building over excessive risk, aiming to create substantial value through rapid growth or special factors.

New Mountain generally uses debt moderately at the time of acquisition and has never had a private equity portfolio company bankruptcy or missed an interest payment.

Their primary sectors of focus include Technology-Enabled Business Services, Human Capital Management / Future of Work, and Increasing management ownership.

New Mountain also supports technology and infrastructure upgrades, recruiting high-quality board members to help management add value to their companies.

By investing in these areas, New Mountain aims to help companies create larger and more profitable new mountains in their industries.

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New Mountain Capital's portfolio companies have seen significant growth with the addition of growth capital, allowing them to expand their operations and pursue new opportunities.

Providing growth capital has been a key way for New Mountain to help management teams achieve their goals.

By supporting new growth strategies, New Mountain's portfolio companies have been able to enter new markets and increase their market share.

New Mountain has also helped management teams strengthen their teams by providing the resources and support they need to succeed.

Seeking out and executing add-on acquisitions has been another way for New Mountain to help its portfolio companies expand their offerings and increase their competitiveness.

Strengthening financial systems and controls has been essential for New Mountain's portfolio companies to improve their financial performance and stability.

Establishing strong financial Wall Street coverage and support has also been crucial for New Mountain's portfolio companies to access the capital they need to grow.

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