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Private Equity
FINANCIAL | Investment Firms & Funds
newmountaincapital.com

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Investments

53

Portfolio Exits

34

Funds

16

Partners & Customers

10

Service Providers

3

About New Mountain Capital

New Mountain Capital is an alternative investment manager with private equity, public equity, and private credit strategies. New Mountain Capital's public equity arm, Vantage, takes non-control positions in publicly traded companies.

New Mountain Capital Headquarter Location

1633 Broadway 48th Floor

New York, New York, 10019,

United States

212-720-0300

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Research containing New Mountain Capital

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CB Insights Intelligence Analysts have mentioned New Mountain Capital in 2 CB Insights research briefs, most recently on Jun 24, 2019.

Latest New Mountain Capital News

HealthComp Acquires Gilsbar’s TPA Division

Jan 18, 2022

HealthComp’s Acquisition of Gilsbar’s TPA Division will Support Continued Enhancements in Client Offerings and Growth January 17, 2022 09:30 AM Eastern Standard Time FRESNO, Calif.--( BUSINESS WIRE )-- HealthComp Holding Company LLC (“HealthComp” or “the Company”), a New Mountain Capital company and a leading Third-Party Administrator (TPA) of healthcare benefits for self-funded employers, today announced that it has acquired Gilsbar’s TPA and Care Management (MedCom) divisions (Gilsbar, LLC). Together, the combined business will continue to deliver on two critical priorities for its clients: managing healthcare costs and delivering a best-in-class member experience. “HealthComp has chosen to invest in Gilsbar’s TPA because of its exceptional reputation, its outstanding market performance, and its high caliber of talent,” said Jose Rivero , CEO of HealthComp. “By combining the strengths of both our organizations, we’ll be able to deliver unmatched expertise and innovation in the field of health benefit administration, particularly in regard to healthcare cost containment, member engagement, and care management. In addition, Gilsbar’s geographic location will give HealthComp the local presence to better serve clients and brokers in the South and Southeast.” Gilsbar’s TPA offers a fully-integrated approach to benefit plan administration, which includes sophisticated technology and personalized service. Through MedCom, Gilsbar’s in-house care management division, the company delivers care management programs that positively impact employee health and wellbeing. It has successfully provided clients with savings, process efficiencies, and member satisfaction. Gilsbar’s strong national presence and care management capabilities will move HealthComp one step closer to building a leading, national TPA of self-insured health plans. “It’s a phenomenal fit – both HealthComp and Gilsbar are forward-thinking companies, delivering value through a now shared vision of operational excellence, clinical expertise, and technological advancements,” said Ryan Haun , CEO and President of Gilsbar Holdings, LLC. “HealthComp’s financial and operational support will enable additional investment in technology and enhanced service offerings. Additionally, HealthComp will bring its leading-edge technology and capabilities to Gilsbar clients, including a proprietary analytics platform and digital tools. More importantly, we remain committed to delivering the same level of service our clients have come to expect and rely on.” Moving forward, HealthComp and Gilsbar will work together to enhance products, services, and support for their customers. Whereas traditional health plans have been unable to deliver tailored offerings, these companies fill the need for highly customizable solutions, as employers want health benefits configured to the needs of their unique member populations. Gilsbar Holdings and its remaining subsidiaries will continue their core businesses. Gilsbar Specialty Insurance is a nationally recognized retailer of professional liability and commercial insurance products to attorneys, CPA’s and other professionals. Gilsbar Group Benefits will maintain its presence in the Southeastern US as a full-service benefits brokerage house to employer and association groups. Mesirow served as exclusive financial advisor to Gilsbar in the transaction. About Gilsbar Established in 1959, Gilsbar Holdings, LLC® is one of the largest privately held insurance services organizations in the country. Recognized as a catalyst for creating healthy businesses while delivering health plan savings, Gilsbar, LLC offers self-funded and fully-insured benefit plan management services, along with Wellness, Advocacy, and overall Population Health Management. Gilsbar Specialty Insurance, LLC and Gilsbar Group Benefits, LLC are industry leaders in their fields of professional liability insurance retail and benefits advisory and brokerage, respectively. Gilsbar has been honored by Inc. magazine for its sustained growth, Modern Healthcare and Business Insurance magazines as a Best Place to Work, and WELCOA and the American Heart Association for its proven wellness methodology. For more information, visit www.Gilsbar.com . About HealthComp HealthComp, a New Mountain Capital company, is a leading independent health plan administrator for self-funded employer groups. For more than 25 years, HealthComp has been dedicated to transforming benefits administration. Our solution brings together concierge-level service, best-in-class operations, powerful analytics and expert medical cost management and integrates seamlessly with any benefits ecosystem. The result is an industry-leading experience that delivers better clinical outcomes for our members and higher savings for our book of business. HealthComp has offices in California, Illinois, Kentucky, West Virginia and Pennsylvania. For more information, visit www.HealthComp.com . Contacts

New Mountain Capital Investments

53 Investments

New Mountain Capital has made 53 investments. Their latest investment was in Bounteous as part of their Private Equity - II on August 8, 2021.

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New Mountain Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/3/2021

Private Equity - II

Bounteous

Yes

2

7/30/2021

Private Equity

Homrich Berg

Yes

1

7/7/2021

Recap

Ascensus Specialties

Yes

1

4/13/2021

Private Equity

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$99M

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10

2/16/2021

Private Equity

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10

Date

8/3/2021

7/30/2021

7/7/2021

4/13/2021

2/16/2021

Round

Private Equity - II

Private Equity

Recap

Private Equity

Private Equity

Company

Bounteous

Homrich Berg

Ascensus Specialties

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Amount

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

1

1

10

10

New Mountain Capital Portfolio Exits

34 Portfolio Exits

New Mountain Capital has 34 portfolio exits. Their latest portfolio exit was Natrol on January 11, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/11/2022

Merger

3

1/10/2022

Acquired

$99M

13

10/15/2021

Merger

1

7/19/2021

Acquired

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$99M

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10

6/9/2021

Merger

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$99M

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10

Date

1/11/2022

1/10/2022

10/15/2021

7/19/2021

6/9/2021

Exit

Merger

Acquired

Merger

Acquired

Merger

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

3

13

1

10

10

New Mountain Capital Acquisitions

44 Acquisitions

New Mountain Capital acquired 44 companies. Their latest acquisition was Cumming on December 02, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/2/2021

Other

$99M

$119.17M

Acq - Fin

2

11/16/2021

$99M

Acq - Fin - III

2

2/16/2021

$99M

Acq - Pending

3

12/21/2020

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$99M

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10

11/30/2020

Series D

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$99M

$99M

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10

Date

12/2/2021

11/16/2021

2/16/2021

12/21/2020

11/30/2020

Investment Stage

Other

Series D

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$119.17M

$99M

Note

Acq - Fin

Acq - Fin - III

Acq - Pending

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Sources

2

2

3

10

10

New Mountain Capital Fund History

16 Fund Histories

New Mountain Capital has 16 funds, including Mountain Guardian III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/19/2021

Mountain Guardian III

$1,150M

1

1/14/2021

New Mountain Partners VI

$9,600M

3

9/29/2020

New Mountain Partners VI Luxembourg

$7,753.14M

2

7/7/2020

New Mountain Partners VI

$99M

10

4/3/2020

New Mountain Strategic Equity Fund I

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$99M

10

Closing Date

10/19/2021

1/14/2021

9/29/2020

7/7/2020

4/3/2020

Fund

Mountain Guardian III

New Mountain Partners VI

New Mountain Partners VI Luxembourg

New Mountain Partners VI

New Mountain Strategic Equity Fund I

Fund Type

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Status

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Amount

$1,150M

$9,600M

$7,753.14M

$99M

$99M

Sources

1

3

2

10

10

New Mountain Capital Partners & Customers

10 Partners and customers

New Mountain Capital has 10 strategic partners and customers. New Mountain Capital recently partnered with Allvue Systems on April 4, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

4/13/2021

Vendor

Allvue Systems

United States

Allvue Systems Selected as Software Provider for New Mountain Capital CLO Strategy

MIAMI -- -- Allvue Systems , a leading alternative investment technology solutions provider , today announced that the firm was selected by New Mountain Capital as the software provider for its Collateralized Loan Obligation business .

3

2/16/2021

Partner

Accolite

United States

Accolite Digital Announces Strategic Partnership with New Mountain Capital

DALLAS & NEW YORK -- -- Accolite , a leader in cloud and digital product engineering services , today announced that it has partnered with New Mountain Capital , a leading growth oriented investment firm with over $ 30 billion in assets under management .

3

11/9/2020

Partner

HealthComp

United States

HealthComp Announces Partnership with New Mountain Capital

We thank Alpine Investors for their fantastic partnership , and we look forward to continuing to build the HealthComp platform with the support and strategic guidance of New Mountain Capital . ''

4

2/3/2020

Partner

ILC Dover

United States

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10

1/16/2020

Partner

Classic Collision

United States

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10

Date

4/13/2021

2/16/2021

11/9/2020

2/3/2020

1/16/2020

Type

Vendor

Partner

Partner

Partner

Partner

Business Partner

Allvue Systems

Accolite

HealthComp

ILC Dover

Classic Collision

Country

United States

United States

United States

United States

United States

News Snippet

Allvue Systems Selected as Software Provider for New Mountain Capital CLO Strategy

MIAMI -- -- Allvue Systems , a leading alternative investment technology solutions provider , today announced that the firm was selected by New Mountain Capital as the software provider for its Collateralized Loan Obligation business .

Accolite Digital Announces Strategic Partnership with New Mountain Capital

DALLAS & NEW YORK -- -- Accolite , a leader in cloud and digital product engineering services , today announced that it has partnered with New Mountain Capital , a leading growth oriented investment firm with over $ 30 billion in assets under management .

HealthComp Announces Partnership with New Mountain Capital

We thank Alpine Investors for their fantastic partnership , and we look forward to continuing to build the HealthComp platform with the support and strategic guidance of New Mountain Capital . ''

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Sources

3

3

4

10

10

New Mountain Capital Service Providers

9 Service Providers

New Mountain Capital has 9 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Private Equity, and Acq - Pending

Counsel

General Counsel

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Service Provider

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Associated Rounds

Private Equity, and Acq - Pending

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Provider Type

Counsel

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Service Type

General Counsel

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Partnership data by VentureSource

New Mountain Capital Team

14 Team Members

New Mountain Capital has 14 team members, including current Founder, Chief Executive Officer, Steven Klinsky.

Name

Work History

Title

Status

Steven Klinsky

Founder, Chief Executive Officer

Current

Robert Hamwee

Chief Executive Officer, Managing Director

Current

Matthew Holt

President, Managing Director

Current

John Kline

President, Managing Director

Current

Adam Weinstein

Executive Vice President, Managing Director

Current

Name

Steven Klinsky

Robert Hamwee

Matthew Holt

John Kline

Adam Weinstein

Work History

Title

Founder, Chief Executive Officer

Chief Executive Officer, Managing Director

President, Managing Director

President, Managing Director

Executive Vice President, Managing Director

Status

Current

Current

Current

Current

Current

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