New Mountain Capital seeks to hold on to Real Chemistry longer as artificial intelligence is just now getting traction in the healthcare communications and analytics space. New Mountain initially invested in Real Chemistry in 2019, supporting its development of AI-powered tools for healthcare marketing, communications, and data analytics. The New York-based firm proposes to move Real Chemistry out of its maturing Fund V and into a new continuation fund to raise new capital for M&A and organic growth. Fund V closed in 2017 on an oversubscribed $6.15 billion.
Read the full article: Betting on AI’s Future: PE Firm Seeks to Extend Asset Ownership Through CV //
Source: https://www.themiddlemarket.com/news-analysis/betting-on-ais-future-pe-firm-seeks-to-extend-asset-ownership-through-cv