Portrait of Steven Klinsky

Rank #883

Steven Klinsky

Net worth $4.9B

Investments · United States

Born
May 30, 1956
Age
69
Source
Investments
Residence
New York, New York
Citizenship
United States
Marital status
Children
0
Education
Master of Business Administration, Harvard Business School; Doctor of Jurisprudence, Harvard Law School; Bachelor of Arts/Economics, University of Michigan, Ann Arbor

Net worth over time

Biography

  • Steve Klinsky founded the $55 billion (assets) investment firm New Mountain Capital in 1999.
  • Klinsky rose to become one of the top partners at Forstmann Little, an early private equity titan, before striking out on his own.
  • One of the buyout industry's top performers, New Mountain Capital specializes in private equity, private credit and real estate.
  • Its private equity business, known for buying and growing small and midsized companies through acquisitions, has never had an investment default.
  • Klinsky's wife, Maureen Sherry, is a former Bear Stearns banker who, in 2016, published "Opening Belle," a fictionalized account of a woman navigating crisis-era Wall Street.
  • Klinsky founded ModernStates.org, a philanthropic group focused on making college affordable.