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February 16, 2010

New Mountain Capital “Social Dashboard” Report Press Release

New Mountain Capital Issues “Social Dashboard” Report; Over 7,000 Jobs Added or Created at New Mountain Portfolio Companies; R+D, Software Spending and Capital Expenditures Exceeds $715mm in Aggregate

New York, New York – February 16, 2010 – New Mountain Capital, LLC issued a “Social Dashboard” today, reporting on key job growth and investment metrics at its private equity portfolio companies through December 31, 2009.

New Mountain is a New York based investment firm, founded in 2000, and currently managing over $8.5 billion of aggregate capital commitments. The firm’s strategy has consistently emphasized growth and business building in non-cyclical economic sectors, rather than excessive debt, as the best path to high and steady returns. The firm used no third party acquisition debt in the initial purchases of thirteen of its seventeen platform investments. New Mountain has never had a bankruptcy or business failure. New Mountain’s investment gains chiefly accrue to the retirement plans of the nation’s largest states and corporations and to the endowments of leading universities.

A study of all New Mountain portfolio companies shows that employment at New Mountain’s private equity companies increased from 11,334 jobs to 18,500 jobs during the period of New Mountain’s ownership.(i) This is a gain of 7,166 jobs, or a 63 % increase in jobs, net of all job losses. A total of 4,390 net new jobs were created through organic growth at the companies, and 2,776 jobs were added through acquisitions. Overall employment remained materially unchanged in 2009 at New Mountain companies despite the severe national recession.

Median income for employees at New Mountain companies was $51,505 in 2009, or approximately 94% above the $26,513 national median. Average income was $62,716, which is approximately 63% above the U.S. average of $38,376.(ii)

New Mountain’s companies have invested over $715 million in research and development, software development and capital expenditures during the years of the firm’s ownership, with over $418 million spent on R&D and software development.

Over $190 million was invested in 2009 alone: $118.6 million of R&D spending, $9.7 million of software development and $63.5 million of capital expenditures.(iii)

“New Mountain is dedicated to building great businesses,” said Steven B. Klinsky, New Mountain’s founder and CEO. “As the nation seeks economic growth and recovery, we think private equity (properly executed) can be a very socially positive pursuit and one component of that recovery.”

Note: All amounts are based on 2009 unaudited results. New Mountain portfolio companies Validus Re and Paris Re are excluded from this analysis as New Mountain owns less than 25% of these companies.

(i) A company is included in the data set in the year in which New Mountain makes its initial investment. After New Mountain exits its investment in a given portfolio company, the job creation figures for that company is held constant across future years.

(ii) The New Mountain 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 2009 survey based on 2008 data; found at http://pubdb3.census.gov.

(iii) A company is included in the data set for any years in which New Mountain has an investment. After New Mountain exits its investment in a given portfolio company, that company’s financial performance is not included.