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Special Report - New Mountain Capital
April 2025

New Mountain Capital : a thematic investment strategy based on rigor and discipline

Published on
10/4/2025
Amended on
23/3/2026
0
minute(s)
Odyssey 2023
New Mountain Capital
For almost 25 years, New Mountain Capital has built its success around an in-depth thematic approach, aimed at identifying and investing in defensive growth sectors. This method is based on a rigorous analysis of long-term economic dynamics: the firm selects sectors capable of prospering over a decade, regardless of cyclical fluctuations, such as variations in energy or construction prices.
By
Damien Hélène
Damien Hélène
New Mountain Capital : a thematic investment strategy based on rigor and discipline
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"We have a structured sector selection process," explains Steve Klinsky, founder and CEO of New Mountain Capital. "Each year, we analyze hundreds of companies, but acquire only one or two per sector, with the aim of continually strengthening our expertise in these specific segments."

The approach of New Mountain, a manager present in the Vintage FPCI Altaroc Odyssey 2023 and in the selection universe of the Vintage FPCI Altaroc Odyssey 2025, also relies on the versatility of its investment professionals. Rather than specializing in a single sector, the firm encourages each of them to focus on two or three sub-sectors, in order to foster a cross-functional vision and adaptability. "We don't want anyone to be locked into a single sector and seek to justify their role by pushing forced investments in that sector," Klinsky points out. "This versatility creates a stronger culture, where each professional works in the overall interest of the firm, not to defend his or her own portfolio."

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