NEW MOUNTAIN VANTAGE ADVISERS, L.L.C.

New Mountain Vantage Advisers, L.L.C. is a hedge fund sponsor based out of New York City, New York. The company was originally established by Steve B. Klinksky, who is still with the company acting as its CEO, in 1999. New Mountain Vantage Advisers was originally established as a division of New Mountain Capital LLC, which was similarly established by Steve B. Klinsky, and now operates as an independent subsidiary of New Mountain Capital LLC. The company conducts its research both internally and externally, utilizing a fundamental methodology to make its investment decisions. The company focuses on the public equity markets within the United States, allocating its assets in the growth and value stocks of companies. New Mountain Vantage Advisers invests most heavily in the health care sector, which alone makes up over a third of the firm’s total asset allocations, and also invests in the consumer discretionary, which makes up another quarter of its allocations, finance, and transports sectors, among other sectors to a lesser degree, in order of decreasing allocation. The company holds its allocations for just under 7 quarters on average although it only holds its top 10 allocations for 4.1 quarters. In the most recent quarter, New Mountain Vantage Advisers has had a turnover rate of approximately 14.6%. The company operates with 78 employees of which 13 are investment professionals. New Mountain Vantage Advisers oversees over $2.4 billion in total assets under management spread across 8 accounts, all of which are discretionary accounts. Although the company’s total number of accounts has more or less stayed steady in recent years, its total assets under management has been increasing despite slight volatility, growing significantly from $1.1 billion back in 2010 to well over twice that amount today. The company mainly caters to pooled investment vehicles, which alone makes up over three quarters of its client base, and also provides to investment companies.