New Mountain Loses Managing Director Alok Singh

Alok Singh, a long-standing executive of New Mountain Capital, has left the private equity firm.

Singh’s email account at New Mountain directs people to contact him at Bridge Growth Partners. No further information is provided.

Officials at New Mountain did not return calls or emails for comment.

Singh, 59, will act as a senior advisor “as needed,” New Mountain said in an April 30 statement detailing organizational changes at the firm.

Singh joined the New York PE firm in 2002 and was a managing director. He recently led New Mountain’s buy of AmWins Group, a wholesale broker, for $1.3 billion in 2012. Singh was also a Deltek lead director. Last year, Thoma Bravo acquired Deltek in a $1.1 billion deal.

Prior to New Mountain, Singh was part of Deutsche Bank’s financial sponsors group, where he was an MD.

Singh’s departure comes as New Mountain is fundraising for its fourth pool. New Mountain Partners IV LP is seeking to raise $3 billion, peHUB has reported.

The private equity firm’s prior pool, New Mountain Partners III LP, raised $5.1 billion in 2008. Fund III is producing an 8.3% IRR, according to Sept. 30 performance data from CalPERS, an investor in the fund.

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