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New Mountain Capital has seen a steady stream of exits from its private equity portfolio, even as similar-sized peers have struggled.
Earlier this week, the $60 billion alternative **** et manager exited its stake in Lincoln Investment Capital Holdings, a broker-dealer and registered investment adviser it has owned since 2020. The Pennsylvania business grew its fee-based **** ets under management by around 75% over that period, according to a statement.
This follows the June sale of **** Group, a project management business, to Leonard Green & Partners. The deal gave the service provider to the construction industry a valuation of approximately $3 billion, including debt, according to PitchBook data.
#according
Alexander Spatari/Getty Images
New Mountain Capital has seen a steady stream of exits from its private equity portfolio, even as similar-sized peers have struggled.
Earlier this week, the $60 billion alternative **** et manager exited its stake in Lincoln Investment Capital Holdings, a broker-dealer and registered investment adviser it has owned since 2020. The Pennsylvania business grew its fee-based **** ets under management by around 75% over that period, according to a statement.
This follows the June sale of **** Group, a project management business, to Leonard Green & Partners. The deal gave the service provider to the construction industry a valuation of approximately $3 billion, including debt, according to PitchBook data.
#according
12 hours ago
