COMPANY

New Mountain Capital

New Mountain Capital is a alternative investment manager across private equity, credit and net lease.

Analyst Perspective

New Mountain Capital, LLC is a private alternative investment manager focused on private equity, credit and net lease strategies. The firm is headquartered in New York, was founded in 1999, and maintains a UK presence in London. It manages approximately $60 billion in aggregate assets under management and operates as a private capital allocator rather than a software vendor or media platform. The business generates revenue by raising institutional investment funds, deploying capital into portfolio companies and assets, and earning management fees and performance-based economics tied to fund performance. Its direct customers are institutional investors and capital partners allocating into private market strategies, while its operating activity also includes sourcing, acquiring and supporting portfolio companies across sectors such as software, talent services, advisory and infrastructure-related services.

Analyst Signal Briefing

Updated: 30 Jul 2026

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Category Differentiation

New Mountain Capital is a private alternative investment manager, not a B2B software platform or an operating media company. It invests in and manages capital across private markets rather than selling adtech, martech or publisher technology products.

New Mountain Capital: About

The company raises pooled capital vehicles from institutional investors and allocates that capital across private equity, credit and net lease strategies. It creates value through fund management, asset selection, control or growth investments, portfolio oversight and exit execution. Revenue is primarily derived from recurring management fees on committed or managed capital and secondarily from performance-linked carry and investment gains.

How New Mountain Capital Works & Monetises

Business model analysis and core revenue streams

The firm monetises through closed-end and strategy-specific fund structures. Core commercial mechanisms are management fees charged on assets or commitments, performance-based carried interest tied to realised investment returns, and economics associated with credit and net lease investment platforms. Fundraising across successive private equity vintages supports recurring fee income, while acquisitions and growth investments drive long-term carry generation.

Revenue Channels

Fund management feesService Fee
Performance allocations and carried interestUnknown
Credit platform incomeService Fee
Net lease investment economicsUnknown

New Mountain Capital: Key Subsidiaries & Acquisitions

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Recent Signals (New Mountain Capital)

AdExchangerJan 5, 2012

eBay’s Thompson Takes Yahoo! Top Spot; Mergers, Acquisitions Accelerate Says JEGI; Teresi To Apple’s Ad Network

AdExchanger’s January 5, 2012 news round-up covers Yahoo!'s appointment of Scott Thompson, a former eBay/PayPal president, as its new CEO, highlighting his tech pedigree and the ongoing debate over Yahoo!’s direction. It also cites Jordan, Edmiston Group’s data showing nearly 900 transactions in 2011 across media, information, marketing services and technology totaling about $47 billion, with eBay’s $2.4 billion acquisition of GSI Commerce noted among the top deals and New Mountain Capital’s $800 million purchase of SymphonyIRI. In staffing news, Todd Teresi—previously with Yahoo!, Quantcast and Adobe—joined Apple to run the iAd team, becoming the liaison to Madison Avenue and replacing Andy Miller, a founder of Quattro Wireless. Additional items touch on big data and DMPs, ad-load optimization, and retailer-conversion strategies.

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New Mountain Capital: Frequently Asked Questions

What is New Mountain Capital?

New Mountain Capital is a private alternative investment manager focused on private equity, credit and net lease strategies.

Who uses New Mountain Capital?

Its direct customers are institutional investors and other sophisticated limited partners allocating capital to private market funds.

How does New Mountain Capital make money?

It earns management fees on invested or committed capital and performance-based carried interest tied to fund returns.

Company Facts

Founded
1999
Headquarters
1633 Broadway, 48th Floor, New York, NY 10019
Company Size
201–500