Portage Point Partners, a business advisory, interim management and investment banking firm serving middle market stakeholders, secured a strategic minority growth investment from New Mountain Capital, a growth-oriented investment firm with over $55 billion in assets under management._x000D_
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“Since inception, we have focused on curating a high-performance culture that can quickly close knowledge gaps to capture value and mitigate risk for middle market stakeholders. The New Mountain investment is a testament to the team we have built, the impact of our work and the strength of our brand,” Matthew Ray, founder and CEO of Portage Point said. “New Mountain’s expertise in building high growth advisory-based professional services businesses make them the ideal partner to support our ambitious vision.”_x000D_
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“We have been deeply impressed by the Portage Point team, and the cultural emphasis on excellence, intensity and pace which consistently drives positive client outcomes,” Harris Kealey, managing director at New Mountain, said. “They deliver a differentiated, integrated capability for middle market companies and we look forward to supporting the continued expansion.”_x000D_
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“Our investment underscores our belief in the tremendous potential in the Portage Point platform and the growing need for integrated financial advisory, interim management and investment banking services, Nikhil Devulapalli, managing director at New Mountain, said. “We are excited to partner with Portage Point to support this next chapter of growth.”_x000D_
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Jefferies served as sole financial advisor while Kirkland & Ellis served as legal advisor to Portage Point. Ropes & Gray served as legal advisor to New Mountain Capital.
Forward for Specialty Finance
