New Mountain closes $6.2B PE fund

New York, NY | Buyout

New Mountain Capital has closed its fifth flagship fund on $6.15 billion, a nearly 50% increase in size from the vehicle's predecessor, which closed on $4.13 billion in 2014. New Mountain contributed about $300 million of its own capital to the new fund, which has already been used to back two companies: OneDigital Health and Benefits, an employee benefits business, and Sparta Systems, a provider of quality-management software.

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