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April 10, 2019  

New Mountain Closes Net-Lease Fund

New Mountain Capital has raised $533 million of equity for its debut commercial real estate fund.The New York investment manager, which already operated funds in other alternative-investment sectors, began soliciting capital in late 2017 with a target of $350 million and ended up far exceeding that goal.The fund, New Mountain Net Lease Partners, is shooting for a 10-12% return by acquiring net-leased properties nationwide, with a focus on...

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