United States $60 Billion Private Equity Firm New Mountain Capital Buys United States Residential Property Management Group Asset Living for $2 Billion from United States $41 Billion Private Equity Firm Roark Capital, Asset Living Founded in 1986 by Stephen Bohon
5th June 2026 | Hong Kong
United States private equity firm New Mountain Capital ($60 billion AUM) has announced to buy United States residential property management group Asset Living for $2 billion from United States private equity firm Roark Capital ($41 billion AUM). Asset Living was founded in 1986 by Stephen Bohon. Asset Living – Asset Living is a third-party management firm and a proven partner in fostering thriving communities nationwide. Founded in 1986, Asset Living has decades of experience delivering exceptional value to our partners. Since the beginning, our undeniable passion has driven our organic growth from a small property management firm to one of the most trusted allies in real estate. Asset Living’s growing portfolio includes a multitude of properties across the country that span the multifamily, single-family home rentals, affordable housing, build-to-rent, active adult, and student housing divisions. Asset Living is a fast-growing company made up of talented individuals from diverse backgrounds that differentiate us and help us drive innovation and results for our clients and communities across the US. New Mountain Capital – New Mountain Capital (“New Mountain”) is an alternative investment manager with private equity, credit and net lease strategies. New Mountain’s aggregate assets under management total ~$60 billion across all investment strategies.* Since inception, New Mountain has raised over $27 billion of committed capital across six private equity funds. New Mountain was founded in 1999 by Steven B. Klinsky and today has ~245 employees, ~145 of which are investment professionals. Roark Capital – Roark is an Atlanta‐based private equity firm with $41 billion in assets under management. Roark focuses on investments in consumer and business service companies, with a specialization in franchise and franchise-like business models. Roark prides itself on being a trusted partner for management and business owners. We believe that successful partnerships begin with providing a compelling value proposition to all business constituencies. A win‐win‐win approach leads to a positive business environment where all stakeholders – customers, employees, franchisees, strategic partners, service providers, management and shareholders – share in the growth and success of our businesses. We want to partner with entrepreneurs and executives who share this vision.
“ United States $60 Billion Private Equity Firm New Mountain Capital Buys United States Residential Property Management Group Asset Living for $2 Billion from United States $41 Billion Private Equity Firm Roark Capital, Asset Living Founded in 1986 by Stephen Bohon “
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United States $60 Billion Private Equity Firm New Mountain Capital Buys United States Residential Property Management Group Asset Living for $2 Billion from United States $41 Billion Private Equity Firm Roark Capital, Asset Living Founded in 1986 by Stephen Bohon
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