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Alternative Market Briefing

New Mountain Capital closes direct lending fund on $1.15 billion

Wednesday, October 20, 2021

Bailey McCann, Opalesque New York:

New york-based New Mountain Capital has closed its latest direct lending fund on $1.15 billion - beating its target.

New Mountain Guardian III BDC included a substantial investment from the general partner and employees of the firm. After leverage the fund will have approximately $2 billion to invest.

New Mountain's private credit strategy focuses on lending to the highest quality companies in select, non-cyclical defensive growth industries. The fund has already deployed more than $1.1 billion into 79 portfolio companies across industries including enterprise software, business services, healthcare services and healthcare technology.

"We bel......................

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