Simpson Thacher advised New Mountain Capital in the formation and raising of New Mountain Strategic Equity Fund II, L.P. (“SEF II”), which closed above its original hard cap with $1.2 billion of capital commitments. SEF II seeks significant long-term capital appreciation and preferential structure typically through direct privately negotiated equity and equity-related investments, focusing on non-control investments. SEF II is the successor fund to New Mountain Strategic Equity Fund I, L.P., which has approximately $640 million of commitments.
New Mountain Capital is a New York-based alternative investment firm that emphasizes business building and growth. The firm currently manages private equity, credit and net lease capital with aggregate assets under management of approximately $60 billion.
The Simpson Thacher team included David Greene, Matthew Leighton, Joshua Katz, Tarek Hussamy, Cullen Bryant, Judy Hu and Summer Liu (Funds); Andrew Purcell, Adam Hersch and Shareef Salfity (Tax); and Jeanne Annarumma and Alexander Kharash (Executive Compensation and Employee Benefits).