Despite an uncertain macro-economic environment, the team was able to take advantage of opportunities thanks to a rigorous investment discipline:
- Record fundraising: New Mountain recently closed a $15.4 billion* round of financing.
- Reasoned opportunism: While some managers overpaid in 2021 when valuations soared, New Mountain remained cautious, focusing on targeted acquisitions at reasonable prices.
What's the outlook for the market?
Steve Klinsky believes that current conditions are returning to a more "normal" state, with stabilized inflation, open credit markets, and slightly lower interest rates, making the environment conducive to new investment opportunities.
* https://www.newmountaincapital.com/new-mountain-capital-closes-on-15-4-billion-for-new-mountain-partners-vii/