New Mountain Capital has announced an investment in ClaimLogiq.

ClaimLogiq, founded in 2013 and based in Mount Pleasant, S.C., is the developer of TrueCost, a payer-facing, claim-analyzing solution.

New Mountain, based in New York, is a growth-oriented investment firm. Founded in 1999, the firm manages private equity, credit and net lease real estate funds with more than $37 billion in assets under management.

Terms of the investment were not disclosed.