New Mountain Capital, an alternative investment firm based in New York, is doubling down on its support for RIA firms.
The firm, which oversees nearly $55 billion in assets across private equity, strategic equity, credit, and real estate funds, announced the launch of a new team of experienced professionals to strengthen its presence in the private wealth sector.
New Mountain Capital is a known name in the wealth space, having made a majority investment in minority investments in Homrich Berg in 2021. It also previously held a majority stake in OneDigital, which it sold to Toronto-based Onex in 2020.
“We are thrilled with the world-class team we have assembled to date and are excited to keep building the team in the months and years ahead,” Adam Weinstein, chief operating officer and CFO at New Mountain, said in a statement on Thursday.
The firm's new wealth solutions team is headed by Raleigh Peters, who brings experience from Blackstone where he served as head of global strategic partnerships within private wealth solutions. Prior to that, he was a managing director at JPMorgan Asset Management, overseeing the independent broker-dealer distribution channel.
Over the past year, New Mountain Wealth Solutions has built a team of eight professionals focused on client engagement, operations, and support. The new team members include:
The team also includes Michael McCarthy, managing director for operations, who brings nearly 20 years of experience at New Mountain. Sara McNaughton, vice president for business development, joined New Mountain in 2017.
“At the core of New Mountain’s mission statement is our service to our partners, and we believe the Wealth Solutions team’s professionalism and experience exemplify our mission," Weinstein said.
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