New Mountain Finance Advisers Bdc, L.L.C. (New York)

Name: New Mountain Finance Advisers Bdc, L.L.C.
Address: 787 7 Th Avenue, 49 Th Floor, New York, NY, 10019
Telephone: 212-720-0300

New Mountain Finance Advisers Bdc, L.L.C. is a large advisory firm based in New York. It manages $3.64 billion of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2011.

New Mountain Finance Advisers Bdc, L.L.C provides portfolio management for investment companies, portfolio management for pooled investment vehicles, and investment adviser to private funds. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

New Mountain Finance Advisers Bdc, L.L.C: assets under management

The assets under management (AUM) of New Mountain Finance Advisers Bdc, L.L.C. is $3.64 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 484% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.64 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $606.77 million each.

New Mountain Finance Advisers Bdc, L.L.C has custody of $1.2 billion in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay New Mountain Finance Advisers Bdc, L.L.C. for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients New Mountain Finance Advisers Bdc, L.L.C serves?

The firm provides services to pooled investment vehicles and business development companies. The largest group of clients of New Mountain Finance Advisers Bdc, L.L.C is business development companies with 1 clients and $2.45 billion of assets under management. Among the 10 most similar advisory firms, New Mountain Finance Advisers Bdc, L.L.C has the highest percentage of business development companies out of all clients.

The amount of regulatory assets under management is $3.64 billion for 6 clients. None of the firm’s clients are foreign persons or businesses.

New Mountain Finance Advisers Bdc, L.L.C also advises several private funds. Namely, one real estate fund and four private equity funds.

Careers at New Mountain Finance Advisers Bdc, L.L.C.

The company employs 108 people that are either part- or full-time employees. 14 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Alan Hamwee	Managing director, chief executive officer and president	1 Oct 2010	Other	2289541
Paula Ann Bosco	Managing director, chief regulatory counsel, cco and corporate secretary	1 Oct 2010	Other	2836183
Llc New Mountain Capital Group	Managing member	1 Oct 2010	75% - 100%	43-1989540
Steven Bruce Klinsky	Founder	1 Oct 2010	75% - 100%	1053236
L.P. New Mountain Capital Group	Limited partner	1 Oct 2010	75% - 100%	43-1989540
Adam Weinstein	Chief financial officer	1 Oct 2010	Other	5858864
Adam Weinstein	Managing director, chief administrative officer & executive vice president	1 Jan 2013	Other	5858864
David Cordova	Chief financial officer & treasurer	1 Jan 2013	Other	6178122
John Randolph Kline	Managing director, chief operating officer & executive vice president	1 Jan 2013	Other	3271278
Karrie Jean Jerry	Chief compliance officer and corporate secretary	1 Jun 2015	Other	6552181
Shiraz Younus Kajee	Chief financial officer & treasurer	1 Dec 2015	Other	4468276
Peter Kaplan	Portfolio manager	1 Nov 2017	Other	2829607

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Steven Bruce Klinsky	Managing member	1 Jul 1999	75% - 100%	1053236
Steven Bruce Klinsky	Managing member	1 Oct 2018	75% - 100%	1053236
L.P. Nm Partners Manager Holdings	Limited partner	1 Oct 2018	75% - 100%	83-2246673
L.L.C. Nm Holdings Gp	General partner	1 Oct 2018	Other	83-2268191

Based in New York

The principal office where New Mountain Finance Advisers Bdc, L.L.C. performs its advisory services is located at 787 7 Th Avenue, 49 Th Floor, New York, NY 10019, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-720-0300. The normal business hours are 8:30 am - 6:00 pm on Monday - Friday. You can find more information about the New York firm at newmountainfinance.com.