MSD Capital, L.P. Names Doug Londal, Former President and COO of New Mountain Capital, LLC, to Lead Private Equity Investment Group

NEW YORK, Sept. 16, 2015

MSD's co-Managing Partners Glenn Fuhrman and John Phelan said: "MSD Capital has a record of successful private equity investing that extends more than a decade.  As we look forward, we believe there are opportunities to continue to generate good returns and deploy even more capital.  We are pleased that Doug Londal has joined MSD to oversee this important strategy.  Doug is a proven investor, having been directly involved in investing more than $4 billion in private equity and mezzanine financing, as well as a proven leader, having participated in the growth of New Mountain Capital over the past 11 years.  Under his direction, the MSD Capital Private Equity group will be looking to continue to invest in high-quality companies with world-class management teams."

Mr. Londal said: "I am excited to be joining MSD Capital.  The firm is differentiated in the marketplace by its broad investment mandate and permanent, flexible capital base, which allows it to creatively structure and execute transactions.  It is advantaged by the fact that its investment time horizons and decisions are not influenced by the restrictions of typical fund arrangements or the pressures of fund raising.  I look forward to growing this key strategy within MSD and partnering with company management teams across a variety of industries."

Mr. Londal joined New Mountain in 2004 when the firm had one private equity fund and $770 million of assets under management (AUM).  He helped grow New Mountain to $15 billion of AUM by 2014 and into three separate businesses, including private equity, New Mountain Vantage Advisers (a public equity portfolio) and New Mountain Finance Corporation (NYSE: NMFC), a publicly-traded business development company.

Prior to joining New Mountain, Mr. Londal spent 14 years at Goldman, Sachs & Co.  He was a Managing Director in the Principal Investment Area and, among other positions, served as Co-Head of the U.S. Merchant Banking business and Co-Head of U.S. Mezzanine business.  In these roles, he was responsible for investing on behalf of GS Capital Partners 2000, L.P. (a $5.25 billion fund) and GS Mezzanine Partners III, L.P. (a $2.7 billion fund), as well as predecessor funds.  Mr. Londal was a member of the Mergers & Acquisitions Department of Goldman Sachs from 1991 to 1995.  He received his B.A. in Economics from the University of Michigan in 1987 and his M.B.A. from the University of Chicago Graduate School of Business in 1991.

About MSD Capital's Private Equity Group
MSD Capital's Private Equity Group invests in outstanding businesses with world-class management teams. The business knowledge and experience of its investment professionals and its broad network in business and the financial sector enable MSD to provide significant added value to its portfolio companies. MSD seeks to develop constructive, long-term partnerships with management teams, investment partners and capital sources. MSD generally targets private equity transactions in which it can invest $100-300 million in equity, although it has the flexibility to make investments both above and below that target range.

Past investments by MSD's Private Equity Group include: