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This billionaire is quietly giving away free college to 800,000 people

Steve Klinsky has spent 25 years building New Mountain Capital into one of private equity’s most respected firms, with $60 billion in assets under management across hundreds of portfolio companies. His investment record speaks for itself: a supply chain software company he bought for $600 million sold for over $8 billion. A life sciences firm he backed went public at a $3 billion gain. The firm often says that it has never had a portfolio company go bankrupt.