New Mountain Partners V holds initial close

New Mountain Capital, LLC has held an initial close of its fifth fund, New Mountain Partners V, L.P., securing US $ Read our research and get insight on this and other stories. We offer monthly/yearly recurring or one-time subscriptions.

New Mountain Capital has yet to announce the closing of the fund.

On October 9, 2014, New Mountain Capital announced the final closing of New Mountain Partners IV, L.P., with US $4.13 billion of equity capital commitments, including US $4.0 billion of third party Limited Partner commitments and over US $130 million from the General Partner and affiliated investors.

Canada Pension Plan Investment Board (CPPIB) committed US $300 million to Fund IV.

New York based New Mountain Capital is an investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, public equity and credit funds with approximately $15 billion in aggregate capital commitments.

photo credit: New Mountain Capital