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New Mountain Debuts $533M Net Lease Fund

The initial fundraising goal was $300-$350 million.

New York City’s skyline

NEW YORK CITY—Alternative investment firm New Mountain Capital has closed on its first net lease real estate fund, New Mountain Net Lease Partners, L.P. The fund closed with $533 million of equity capital commitments, including $447 million of third-party limited partner commitments and approximately $86 million from the general partner.

The initial fundraising goal was between $300 million to $350 million. The investors in the fund include pension funds, insurance companies, asset managers, family offices, high net worth individuals and endowments.

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Erika Morphy

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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