On November 25, 2025, New Mountain Net Lease, a platform of New Mountain Capital, successfully closed its inaugural asset-backed securities transaction for the issuance of net-lease mortgage Series 2025-1 notes. The $493.4 million issuance was underwritten by Goldman Sachs & Co. LLC and Evercore Group L.L.C. The notes were issued under a master indenture and Series 2025-1 supplement, with Citibank, N.A. serving as indenture trustee.
Cassels acted as Canadian counsel for New Mountain Capital.