Why New Mountain Capital: Interviews, Careers, & Portfolio

New Mountain Capital Overview

New Mountain Capital is an alternative investment management firm with credit, private equity, and net lease strategies.

The firm’s aggregate assets under management is around $37+ BB across all of their investment strategies – which includes remaining commitments (if applicable) and asset valuations as of Sept 30, 2022 and also includes undrawn capital for NMP VI as of Sept 30, 2022.

New Mountain Capital focuses on investing in economically acyclical industries across their public equity, net lease, credit, and private equity strategies.

Steven B. Klinsky founded New Mountain Capital in 1999 and is currently based in New York, USA.

New Mountain Capital AUM

According to New Mountain Capital’s record, the firm has $37B+ in assets under management. This includes amounts committed, not all of which have been drawn down and invested to date.

New Mountain Capital Interview Process & Questions

Despite the changes in the interview changes for each candidate, the general nature of the process stays the same for the most part. In fact, you can anticipate the following:

• Interview rounds: 4-6
• Initial interviews are supervised by junior professionals, while later rounds are handled by more senior folks
• Unless it’s on-campus or on-cycle recruiting, expect that the entire process will last for multiple weeks

Get ready to answer a mixture of behavioral questions, technical questions, and fit questions when you interview at New Mountain Capital.

To help you with preparation, I’ve created a Growth Equity Interview Guide. Feel free to check it out.

Why New Mountain Capital

One of the questions you must prepare for is the “Why this firm” question.

If you’ve met employees at the firm during your networking efforts, make sure to mention them and how their experiences and testimonies helped in choosing their firm.

Also, do your homework and research the firm. You can try listening to interviews with its founders, management team, and investors to get to know them better.

For starters, here’s an interview with Steve Klinsky, founder and CEO of New Mountain Capital:

More interviews

• Steve Klinsky, Founder and CEO at New Mountain Capital, discuss the state of PE
• Bloomberg Television interview with Steve Klinsky

New Mountain Capital Case Study

Communication skills and technical knowledge are two traits that investment firms highly value. To evaluate these, firms like New Mountain Capital ask candidates to perform case studies.

Most case studies will have you do financial modeling and investment recommendations. But for junior roles, a cold calling case study may also be part of the process.

I’ve discussed case studies in great detail inside my Growth Equity Interview Guide course.

New Mountain Capital Salary & Compensation

According to Glassdoor, analysts & associates at New Mountain Capital have an estimated total pay of $97,184 and $120,215 per year, respectively. These figures may vary depending on many factors such as location, experience, and education.

Analyst

Associate

New Mountain Capital Careers, Jobs, & Internships

Feel free to visit our job board to stay updated with New Mountain Capital’s opportunities. We also feature open roles for other similar firms.

New Mountain Capital Portfolio & Investments

According to Crunchbase, New Mountain Capital has made 27 investments across six funds. Some of their notable deals include Ciox Health, IMA Financial Group, and Bounteous.

Notable Transaction: HomeX

Founded in 2017, HomeX provides less complicated home maintenance for homeowners through their trusted and quick solutions for issues related to plumbing, electrical systems, appliances, cooling, and heating.

HomeX offers personalized virtual and physical solutions for homeowners, including services and software that allows contractors to manage demand more effectively.

In April 2021, HomeX announced the completion of funding led by New Mountain Capital which brought $90 million capital to the Company.

The fund allows HomeX to quickly expand their offers, reach more customers, and continue providing simple solutions to address contractor and homeowner concerns. 

Next Steps

If you decide to send your application and build your investing career at New Mountain Capital, I would highly recommend that you check out my Growth Equity Interview Guide first before attending interviews.

Growth Equity Interview Guide helps professionals get a good grasp of topics that are typically covered during interviews such as financial modeling, case studies, and more. Check it out and start learning today!