The Deal
Saturday, November 21, 
11:57 pm

New Mountain is the latest PE firm to raise fund

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After pouring billions into private equity vehicles last year and then watching dealflow slow to a crawl, one might think limited partner appetite for the asset class would be quenched, but the love affair remains strong. Only two business days into March and over $19 billion has gone into new buyout funds.

The latest fund to announce a close is a new $5.1 billion third investment vehicle for New Mountain Capital LLC, according to The Deal's David Carey. More than triple the size of its last fund, New York-based New Mountain plans to deploy its capital in the middle market alongside a number of other firms that have raised new funds in the $5 billion to $10 billion range.

New Mountain follows right on the heels of Natural Gas Partners and HitecVision Private Equity AS, each of which announced their own oil and gas-focused funds Monday, for $4 billion and $800 million, respectively. Topping them all, howerver, was that of tech buyout shop Silver Lake, which reportedly wrapped up fundraising for a $9.3 billion vehicle. - George White

See story about New Mountain Capital from TheDeal.com
See post about Silver Lake from Dealscape



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