Far from the aggressive leverage strategies that have marked certain periods of private equity, New Mountain stands out for its methodical, almost industrial approach to value creation. Each investment is conceived as a long-term commitment, in non-cyclical sectors chosen for their structural resilience - healthcare, data services, special education. Moderate recourse to debt, intensive operational support and stable in-house teams reflect a clear determination to build rather than transform.
This atypical positioning, often summarized by Klinsky as a "family approach to private equity", not only offers shelter in turbulent economic times. It illustrates a strategic conviction: sustainable growth is not the enemy of returns, but their most reliable foundation. At a time when discipline and selectivity are once again sought-after virtues as interest rates normalize, New Mountain Capital's track record, sector choices and internal governance merit particular attention.
In this special report, we look back at the origins of the firm, its investment process, its operating results and the philosophy of Steve Klinsky, a discreet but influential pioneer of contemporary private equity, who granted us an exclusive interview in his New York office.
Click below to download the complete special report 13:
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