New Mountain Capital : top-quartile performance and a diversified network of global investors

"We review nearly 1,000 companies a year, and then select just 8-10," explains Steve Klinsky, founder and CEO of New Mountain Capital. "Our criteria have become increasingly stringent over time. Each investment must first answer a key question: is it secure enough for us to double our stake, even if the economic environment deteriorates?"

A network of global investors

New Mountain Capital 's investor profile has broadened considerably over the past two decades. Initially, the firm's main investors were US pension funds, such as the California Public Employees' Retirement System (CalPERS) and the Pennsylvania State Pension Fund, which continue to be among its long-term partners**.

Today, the Fund manager—which is part of the Vintage FPCI Altaroc Odyssey and is included in the investment universe of the Vintage FPCI Altaroc Odyssey —has attracted more than 350 investors from a variety of backgrounds: European institutions, Canadian sovereign wealth funds, family offices, and institutional investors from Asia and the Middle East**. “We have strengthened our international presence by successively launching new funds,” Klinsky notes. “More and more family offices—now operating with the same rigor as institutional investors—are joining our investor base.”

This geographic and typological diversification provides New Mountain with a high degree of stability and an enhanced ability to raise funds rapidly, while meeting the specific expectations of its various financial partners.

* Source: Pitchbook - Global LBO Growth Equity - December 31, 2023. ForOdyssey Vintage , 2022, and 2023 Vintage funds, the mature funds of the 15 selected managers generated an average net return of 2.26x and IRR of 21.8% IRR arithmetic mean of the net returns of funds from Vintage ), which exceeds the threshold required to rank in the first quartile (2.06x / 21.7%) for the Vintage . A fund is classified in the first quartile when its net return exceeds that of 75% of the funds in its Vintage.

** It is not specified whether these investors support New Mountain or its products.

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