New Mountain Net Lease Closes Inaugural $493 Million ABS Transaction

Transaction marks a key milestone for New Mountain Net Lease and reinforces the platform’s scalability and strength

NEW YORK--(BUSINESS WIRE)--New Mountain Net Lease (“NMNL”), a platform of New Mountain Capital, a leading growth-oriented alternative investment firm headquartered in New York, today announced that it has successfully closed its inaugural asset-backed securities (“ABS”) transaction, NMNL 2025-1, a $493.4 million issuance.

The issuance was meaningfully oversubscribed amid strong demand from institutional investors, many of whom had previously invested in other New Mountain transactions. Goldman Sachs and Evercore served as underwriters on the deal.

“This transaction represents another important milestone for New Mountain Net Lease as we continue to grow our platform and pursue compelling, differentiated results for investors,” said Teddy Kaplan, Managing Director and Head of New Mountain Net Lease. “The high demand and attractive pricing levels, especially for a debut issuance, demonstrate the strength and scalability of our platform. This establishes a foundation for continued, efficient access to the ABS market, which will benefit all our investors through the potential for enhanced spreads and returns.”

“This issuance underscores the continued evolution and growth of our firm and in particular our Net Lease strategy,” said Steve Klinsky, Founder and CEO of New Mountain Capital. “By broadening our access to the capital markets and attracting strong institutional investor interest, we are well positioned to support the platform’s long-term expansion and value creation for our investors.”

The issuance included AAA through A-rated bonds at a 70% loan-to-value with an anticipated repayment date of five years.

About New Mountain Capital

New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than excessive risk, as it pursues long-term capital appreciation. The firm currently manages private equity, strategic equity, credit, and net lease real estate funds with nearly $60 billion in assets under management. New Mountain seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies. For more information, visit: www.newmountaincapital.com.