Meet New Mountain's Steve Klinsky, one of private equity's pioneers
Steve Klinsky, Founder and CEO of New Mountain Capital, is joining Moonfare's Steffen Pauls for a wide-ranging interview. Reserve your seat now for: Tuesday, 30 June at 10 am ET / 2 pm BST / 3 pm CEST
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Steve Klinsky has been in private equity since before most people had heard of it.
He co-founded Goldman Sachs' first Leverage Buyout group in 1981 and was a senior partner at Forstmann Little through the 1990s.
He was in the room during one of the most famous deals in Wall Street history, the RJR Nabisco buyout immortalised in Barbarians at the Gate. Steve was representing the firm that refused to use junk bonds to finance the deal.
In 1999, he founded New Mountain Capital, a firm built on a conviction that real value comes from building better businesses, not from financial engineering.
Since inception, the firm has generated $112 billion in enterprise value with a loss ratio of just 0.2% across the entire portfolio.
Join Steffen Pauls, Moonfare's Founder and Co-CEO, for a wide-ranging conversation covering:
- Defensive growth. Why backing businesses that don't depend on the economic cycle may produce stronger, more consistent returns? What that discipline look like in practice?
- Value creation. New Mountain has identified 24 distinct ways to build a better business. What’s the framework behind one of the industry's most consistent track records?
- Hidden AI. New Mountain was investing in AI infrastructure before it was a headline theme. Where is the next wave of opportunities? And why do the best AI bets sometimes not look like AI investments at all?
- Opportunities in PE. Private markets are now open to a much greater group of individual investors. How should they think about allocation and should they follow the same playbook as institutions?
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Moonfare aims to lead a new era of private equity investing by creating the opportunity for higher returns for more people. We are building the world's most engaged investor community to inspire investments that drive the world forward.
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- 1 Minimum investment may vary by country and local regulation.
- 2 Source: McKinsey "Private Markets Annual Review 2022"
- 3 Past performance is no guarantee of future returns.