New Mountain chief compliance officer leaves: Updated

Paula Bosco, a managing director at New Mountain Capital who was the firm’s chief compliance officer and counsel, left the firm on July 31, Managing Director Adam Weinstein confirmed for Buyouts.

Bosco joined New Mountain in 2009. It’s not clear why should left or if she is taking on another job. Bosco did not respond to a request for comment.

Update: New Mountain has hired a replacement for Bosco, but Weinstein declined to name the person. For now, Karrie Jerry is working as interim CCO at the firm.

In addition to her role at New Mountain Capital, Bosco was executive director, chief regulatory counsel, corporate secretary and CCO for New Mountain Finance Corporation, a business development company, according to her LinkedIn profile.

Previously, Bosco was a senior vice president and chief compliance officer in Lehman Brothers’ advisory business from 2007 to 2009. She also worked at Citi Smith Barney and the American Stock Exchange.

New Mountain last year closed its fourth fund on $4.13 billion, which included $4 billion of LP capital and more than $130 million from the general partnership. The fund’s original target was $3 billion.

More recently, New Mountain sold news and financial data provider SNL Financial after four years, reaping an internal rate of return of more than 65 percent, Buyouts previously reported.

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