New Mountain Capital Closes $15.4 Billion Fund VII

Record-Breaking Fund: Over $15 Billion Raised

New Mountain Capital, a New York-based alternative investment firm, has closed its seventh fund, New Mountain Partners VII, at $15.4 billion. This includes $14 billion from limited partners and $1.4 billion from the general partner, the firm’s largest GP commitment to date. The fund will continue New Mountain’s strategy of investing in non-cyclical growth sectors and business building​.

Fund VII attracted over 400 investors, including pension funds, insurance companies, and sovereign wealth funds. The firm, known for its disciplined investment approach, aims to enhance its portfolio with strategic and operational expertise, focusing on sectors such as healthcare technologies and advanced data analytics​​.

This successful fundraising follows the oversubscribed closing of New Mountain's previous fund, which raised $9.6 billion in 2020. With nearly $55 billion in assets under management, New Mountain Capital continues to demonstrate strong market presence and investment capabilities​.