Hey there, welcome back! So, today’s story’s all about this guy Steve Klinsky. Ever heard of him? He’s been in the private equity business longer than some folks have been alive, which is kinda crazy. Anyway, Steve started this thing called New Mountain Capital way back in 1999. Now it’s like this colossal giant with over $55 billion in assets. That’s a lot of zeroes, right?
I mean, imagine sitting down with someone who helped kickstart the Leveraged Buyout Group at Goldman Sachs in the 80s. Yeah, that was Steve. Apparently, he swung some really big deals there, billions-worth — and before you ask, yes, with a ‘B’.
We had this chat, and let me tell you, it was quite the rabbit hole. We talked about how the whole private markets scene has morphed over decades. Steve has this vibe, kinda like an old-school family business guy but playing in the big leagues. Sounds a bit contradictory, I know.
Anyway, let’s dive into this a bit. We touched on why setting up “great businesses” matters. What’s the secret sauce, right? Steve’s all about keeping that ‘family background’ mindset, even if you’re rolling in dough. New Mountain somehow balances being huge and sticking to its roots. Mind-blowing, but true.
There was this bit about them expanding into wealth solutions. No, I didn’t space out here — I promise. It’s all part therapeutic and part strategic, maybe? The guy’s a master in launching new strategies, keeping folks (investors) happy, and handling scaling like a boss.
We also veered off into investment strategies. I won’t lie, there were parts my brain did a soft reboot. But I recall Steve had some wild insights on juggling growth and focusing on market evolution. Ah, the romance of numbers and strategies!
And Ultimus Fund Solutions backed this whole gig. Ever heard of them? They’re like the silent orchestra behind the curtain, making sure asset managers don’t drown in data chaos. They seem to juggle quite a bit, keeping the machine running smooth for any firm looking to jump into the mainstream.
Well, that’s enough rambling from me today. Thanks, Steve, for the chat — and Ultimus, you too. Here’s to keeping our heads above the financial waters!
