The Business Builder: New Mountain Capital's Steve Klinsky

Bullish:

• $INFRA - New Mountain Capital is heavily invested in infrastructure services companies that support data center buildout and maintenance, seeing 50% organic growth with high free cash flow.

  • “The sort of places we've been having some very good success at in recent years are things like infrastructure services. So we're not spending 1,000,000,000,000 building the data centers, but we just bought a company that's the leading force of technicians maintaining data centers. It grew 50% organically last year, has no capex, would still be needed.”

    Steve·16:23

  • “we have companies that are building an infrastructure building, the power grid design, building the water grid. So we've been very good in that area.”

    Steve·16:53

  • “we also, like I say, have the infra companies that are wiring the data center, servicing them, working about the whole infra build up.”

    Steve·19:11
• $PE - Steve Klinsky views private equity as continuing to be a great asset class with strong long-term performance despite recent headwinds.

  • “So I continue to think private equity is a great space.”

    Steve·19:31

  • “we've been the highest asset class for institutions for decade after decade.”

    Steve·20:18

  • “I think if you're a business builder, and we have a team of 300 people at New Mountain, it's not me as the builder. It's the team that we put together. If you have the right team and add value, I think it's a great asset class.”

    Steve·21:19