Information provided on this website is intended to provide the investor with an introduction to New Mountain Capital and its investment strategies. Under no circumstances does the information contained herein constitute an offer to sell or a solicitation of an offer to buy any security or interest in an investment vehicle managed by New Mountain Capital. Any such offer or solicitation can only be made through a definitive private placement memorandum describing the terms and risks of an investment to sophisticated persons who meet certain qualifications under the federal securities laws and are capable of evaluating the merits and risks of the investment.
Our Team
Generally, New Mountain Senior Advisors are similar to “Operating Partners” who provide general or specific industry expertise on particular projects or transactions. All persons listed in the Senior Advisors (Full Access) category are designated “access persons” pursuant to Rule 204A-1 under the Investment Advisers Act of 1940, as amended, and are subject to New Mountain’s Code of Ethics, which therefore allows them to be fully included in New Mountain’s investment reviews. Based on a variety of factors, Senior Advisers for Special Projects are designated as “non-access persons” and are not subject to New Mountain’s Code of Ethics.
Credit and Net Lease leverage the full Firm’s resources and Senior Advisors.
Private Equity
Pursuant to the Financial Instruments and Exchange Law of Japan, a person who has submitted a notification regarding Specially Permitted Businesses for Qualified Institutional Investors, etc. is required to make available to the public certain information. Information on the following entities can be obtained upon request:
New Mountain Investments V, L.L.C., New Mountain Investments VI, L.L.C., and New Mountain Investments VII, L.L.C.
If you would like to obtain such information, please send an email to [email protected]
Social Responsibility
- All amounts are based on 2022 unaudited results. Validus Re, Paris Re, Tygris (including successor EverBank), and Alight are excluded from this analysis as New Mountain owned less than 25% of these companies at acquisition. In addition, New Mountain’s initial private equity investment in New Mountain Finance Corporation is also excluded from this analysis. Strategic Equity Fund investments are not included as they are non-control positions. Lastly, Iron Bow, Ikaria, Alexander Mann Solutions, Avantor, Alteon and Beeline were excluded after majority control was sold in 2011, 2014, 2018, 2019, 2021 and 2022 respectively. However, IRI is included in the 2021 year-end job metrics despite selling majority control in November 2018 because New Mountain remains actively involved. Sonrava figures shifted to FTEs in 2022 from headcount in previous years.
- NMC median is the weighted average of the median compensation at each New Mountain portfolio company. U.S. median and average are from the Census Bureau survey based on 2021 data.
- Total gains is calculated based on change in enterprise value and is adjusted for acquisitions where additional fund equity was used and other transformative transactions; as of 12/31/2022.
Credit
1. Includes New Mountain Finance Corporation (“NMFC”), NMFC Senior Loan Program I L.L.C. (“SLP I”), NMFC Senior Loan Program II L.L.C. (“SLP II”), NMFC Senior Loan Program III L.L.C. (“SLP III”), NMFC Senior Loan Program IV L.L.C. (“SLP IV”) (together the “SLPs” or “SLP Investments”), New Mountain Guardian Partners II L.P. (“Guardian II” or “GII”), New Mountain Guardian Partners III BDC, L.L.C. (“Guardian III” or “GIII”), New Mountain Guardian Partners IV BDC, L.L.C. (“Guardian IV” or “GIV”), NMF Senior Loan Fund I (“SLF I”), New Mountain CLO 1 (“CLO 1”), New Mountain CLO 2 (“CLO 2”), New Mountain CLO 3 (“CLO 3”), New Mountain CLO 4 (“CLO 4”), and New Mountain CLO 5 (“CLO 5”) (together the “CLOs”). Effective May 5, 2021, SLP I and SLP II are wholly-owned subsidiaries of SLP IV. Note that SLP III and SLP IV are joint venture vehicles between NMFC and a third-party investor. NMFC has invested ~$252 million of equity in these SLP funds as of March 31, 2023. Includes asset valuations and remaining commitments (if applicable) for NMFC, the SLPs, Guardian II, Guardian III, Guardian IV, SLF I and the CLOs as of March 31, 2023.
2. Includes asset valuations and remaining commitments (if applicable) for NMFC, the SLPs, Guardian II, Guardian III, Guardian IV, SLF I and the CLOs as of March 31, 2023.
Net Lease
1. Includes deals in New Mountain Net Lease Partners, L.P. and New Mountain Net Lease Partners II, L.P. as of June 2023. A list of all investments made in the preceding 12 months will be made available upon request. Past performance is not indicative of future results and future returns are not guaranteed.
MIFIDPRU Disclosures
New Mountain Capital (U.K.) Limited (the “Firm”) is authorised by the FCA (FRN: 784129) as a MiFID investment firm and is subject to the requirements of the Investment Firms Prudential Regime (IFPR).
These disclosures are made for the purposes of meeting the Firm’s public disclosure requirements set out in MIFIDPRU 8 of the FCA’s Handbook. The Firm is classified as a ‘small non-interconnected firm’ (SNI) for the purposes of MIFIDPRU.
The Firm employs a small number of staff and its sole activity is to provide certain investment services to New Mountain Capital (“NMC”) group affiliates. The NMC group manages private funds whose strategies include private equity, credit and net lease. The Firm’s staff are not involved in investment management decisions and the Firm does not hold client money or assets.
The Firm’s remuneration policies and procedures are appropriate and proportionate to the risks associated with its business model, taking into account its limited size, headcount and activities. They reflect that NMC takes a group approach to remuneration.
The Firm’s remuneration policy is designed to be consistent with its business strategy, objectives, values and long term interests of the Firm, its clients, the NMC funds and investors. It is merit based and seeks to reward individual performance while promoting sound and effective risk management and discouraging risk-taking that exceeds the level of risk tolerated by the Firm, its clients, the NMC funds and investors. As such, the Firm ensures that its remuneration practices are integrated with and informed by long term business model planning and positive and purposeful culture. The Firm’s remuneration policy includes mechanisms to ensure that remuneration does not reward failure (either financial or non-financial) which further promotes responsible business conduct and discourages inappropriate risk taking. Individuals are not involved in setting their own remuneration.
Remuneration decisions for staff are made annually. Total annual remuneration consists of (i) a fixed base salary, and (ii) a variable bonus (which may include both a cash element and a “carried interest” based amount). Bonuses are discretionary and, while the financial performance of the NMC group is a key factor, decisions are based on an overall view of individual performance taking into account a number of factors including both financial and non-financial criteria. These factors do not have specific weightings and the overall amount awarded does not directly correspond to any specific performance measure. The Firm does not use fixed formulas or benchmarks to determine overall bonus amounts. Any “carried interest” component is inherently risk-adjusted as it is tied to the performance of the NMC funds. The Firm also takes into account market conditions and appropriate comparators when setting remuneration.
Responsibility for the Firm’s remuneration policy and its oversight rests with certain members of the Firm’s board of directors, which also serve as senior management within the NMC Group. In the most recent financial period, the total amount of remuneration awarded to all staff did not exceed £2.5 million, consisting primarily of variable remuneration and some fixed remuneration. The proportion of variable remuneration was set at a level which the Firm determined to be an appropriate balance between rewarding individual performance while maintaining responsible business conduct and discouraging inappropriate risk taking.