CHICAGO and NEW YORK, Oct. 2, 2024 – Portage Point Partners (“Portage Point”), a leading business advisory, interim management, and investment banking firm focused on serving middle market stakeholders, has officially announced a strategic minority growth investment from New Mountain Capital (“New Mountain”), a prominent growth-oriented investment firm managing over $55 billion in assets. This significant partnership marks a pivotal moment for Portage Point Partners, poised to fuel continued expansion, strengthen talent acquisition, and further elevate its institutional profile within the competitive financial advisory landscape.
Founded in 2016, Portage Point Partners initially concentrated on Performance Improvement and Interim Management services. Recognizing evolving market demands and client needs, the firm strategically broadened its service offerings to include Turnaround & Restructuring, Office of the CFO, Transaction Advisory Services, and Investment Banking. This growth trajectory has propelled the firm to a team of over 110 professionals with a strong national presence, delivering extensive, top-tier experience spanning consulting, operations, finance, accounting, investment banking, and turnaround and restructuring. This diverse expertise allows Portage Point Partners to provide middle market clients with a comprehensive and integrated suite of solutions throughout the entire business and investment lifecycle.
“From the outset, our focus at Portage Point Partners has been on cultivating a high-performance culture capable of rapidly bridging knowledge gaps to unlock value and effectively manage risk for our middle market clients. This investment from New Mountain Capital is a clear validation of the exceptional team we have assembled, the tangible impact of our work, and the robust strength of the Portage Point Partners brand,” stated Matthew Ray, Founder & CEO of Portage Point Partners. “New Mountain’s demonstrated expertise in scaling high-growth, advisory-centric professional services businesses makes them the ideal partner to support our ambitious vision for the future.”
Harris Kealey, Managing Director at New Mountain, commented, “We are deeply impressed by the Portage Point Partners team and their unwavering commitment to excellence, intensity, and speed, which consistently translates into positive outcomes for their clients. They offer a truly differentiated and integrated capability for middle market companies, and we are enthusiastic about supporting their continued expansion and market leadership.”
Nikhil Devulapalli, Managing Director at New Mountain, further added, “Our investment reflects our strong conviction in the significant potential within the Portage Point Partners platform and the increasing demand for integrated financial advisory, interim management, and investment banking services. We are thrilled to partner with Portage Point Partners and support this exciting next phase of their growth journey.”
Jefferies acted as the exclusive financial advisor to Portage Point Partners, while Kirkland & Ellis served as legal counsel. Ropes & Gray provided legal counsel to New Mountain Capital in this transaction.
About Portage Point Partners
Portage Point Partners is a business advisory, interim management, and investment banking firm intensely focused on the middle market. Their team brings bulge bracket experience in consulting, operations, finance, accounting, investment banking, and investing, providing unparalleled transactional, operational, and financial insights to middle market stakeholders. The Portage Point Partners cross-functional platform is uniquely designed to deliver fully integrated capabilities and solutions that identify value, mitigate risk, and drive positive outcomes throughout the dynamic middle market business lifecycle. From initial concept to monetization, Portage Point Partners delivers excellence across transaction advisory services, transaction execution services, office of the CFO solutions, performance improvement, interim management, investment banking, operational turnaround, and financial restructuring. To discover how Portage Point Partners can positively impact your business, please visit: www.portagepointpartners.com.
About New Mountain Capital
New Mountain Capital, based in New York, is an investment firm that prioritizes business building and growth to achieve long-term capital appreciation, while emphasizing responsible risk management. The firm currently manages private equity, strategic equity, credit, and net lease real estate funds with approximately $55 billion in assets under management. New Mountain Capital actively seeks out and partners with high-caliber growth leaders in select industry sectors, working closely with management teams to enhance company value. For more information, please visit: www.newmountaincapital.com.
Media Contacts:
Portage Point Partners
Heidi Becker
Marketing Director
Portage Point Partners
[email protected]
New Mountain Capital
Dana Gorman / Lisa Pham
H/Advisors Abernathy, for New Mountain Capital
(212) 237-5999
[email protected] / [email protected]
SOURCE Portage Point Partners
