New Mountain Capital, an investment firm based in New York, is preparing to open a new office in Mexico City. This move is part of the firm’s broader strategy to strengthen its relationships with clients and attract more investors from across Latin America. By establishing a physical presence in Mexico, New Mountain aims to improve its connection with the region and provide more direct support to its partners and stakeholders.
The new office will be led by Carlo Lombardo, who has recently joined New Mountain as a Director. Lombardo brings a wealth of experience in investment and fundraising across Latin America. Before joining New Mountain, he worked at LarrainVial, where he held the roles of Country Head for Mexico and Head of the Alternative Products team. In those positions, he oversaw fundraising efforts throughout the region. His earlier roles include leading private equity and venture capital investments at Afore Profuturo and working in BlackRock’s Institutional Client Business in Mexico City for over two years. His background gives him a strong understanding of the local market and investor needs, making him a valuable addition to the team.
New Mountain Capital was founded in 1999 and currently manages around $55 billion in assets. The firm invests in private equity, credit, and net lease strategies. Since its beginning, New Mountain has focused on building successful companies in stable, non-cyclical industries—those that are less affected by economic ups and downs. This approach has helped the firm maintain steady performance over the years.
Although the new office marks New Mountain’s first significant step into Latin America, the firm’s investment focus will continue to center on middle-market companies in North America. These are businesses that are neither too small nor yet large corporations, and they often exhibit strong potential for growth while remaining relatively stable. By expanding its reach into Latin America, New Mountain hopes to connect with more investors and partners, while continuing to invest in companies that fit its long-term strategy.
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“We are pleased to open our Mexico City office as a way to build on the long-standing partnerships we’ve developed in Latin America and cultivate new ones throughout the region. To date, we have enjoyed many successful partnerships with high-quality local institutions, and we are confident that New Mountain’s focus on ‘defensive growth’ industries will continue to resonate with investors in Latin America and globally. Under Carlo’s leadership, we look forward to growing our presence in the coming years.”
Adam Weinstein, Chief Operating Officer and CFO
“We began building institutional relationships in Latin America more than a decade ago under the leadership of Ignacio Sarria, a Managing Director on our team, who has covered the region since he joined in 2013 and today we work with over 25 partners across the region. This new office enables us to strengthen those connections and enhance our long-term presence in the region.”
David Coquillette, Managing Director and Head of Business Development
“The opening of our Mexico City office marks an important step in the firm’s international growth, and I’m honored to lead this effort and continue to partner with Ignacio. Having a local presence will allow us to provide greater support to our clients and expand our reach within this important region.”
Carlo Lombardo, Director in New Mountain’s Mexico City office
