-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001209191-07-043887.txt : 20070725
<SEC-HEADER>0001209191-07-043887.hdr.sgml : 20070725
<ACCEPTANCE-DATETIME>20070725214142
ACCESSION NUMBER:		0001209191-07-043887
CONFORMED SUBMISSION TYPE:	3/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070724
FILED AS OF DATE:		20070725
DATE AS OF CHANGE:		20070725

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VALIDUS HOLDINGS LTD
		CENTRAL INDEX KEY:			0001348259
		STANDARD INDUSTRIAL CLASSIFICATION:	FIRE, MARINE & CASUALTY INSURANCE [6331]
		IRS NUMBER:				000000000

	BUSINESS ADDRESS:	
		STREET 1:		19 PAR-LA-VILLE ROAD
		CITY:			HAMILTON HM11 BERMUDA
		STATE:			D0
		ZIP:			00000
		BUSINESS PHONE:		441-278-9000

	MAIL ADDRESS:	
		STREET 1:		19 PAR-LA-VILLE ROAD
		CITY:			HAMILTON HM11 BERMUDA
		STATE:			D0
		ZIP:			00000

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			KLINSKY STEVEN B
		CENTRAL INDEX KEY:			0001018327

	FILING VALUES:
		FORM TYPE:		3/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33606
		FILM NUMBER:		071000500

	BUSINESS ADDRESS:	
		STREET 1:		C/O WARGO & CO
		STREET 2:		712 5TH AVE 23RD FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		2127200300

	MAIL ADDRESS:	
		STREET 1:		C/O STRAYER EDUCATION
		STREET 2:		712 5TH AVE 23RD FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			New Mountain Affiliated Investors II (Cayman), L.P.
		CENTRAL INDEX KEY:			0001407554
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33606
		FILM NUMBER:		071000501

	BUSINESS ADDRESS:	
		STREET 1:		C/O VALIDUS RE
		STREET 2:		48 PAR-LA-VILLE ROAD, SUITE 1790
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM11
		BUSINESS PHONE:		441-278-9000

	MAIL ADDRESS:	
		STREET 1:		C/O VALIDUS RE
		STREET 2:		48 PAR-LA-VILLE ROAD, SUITE 1790
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM11

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			New Mountain Partners II (Cayman), L.P.
		CENTRAL INDEX KEY:			0001407553
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33606
		FILM NUMBER:		071000503

	BUSINESS ADDRESS:	
		STREET 1:		C/O VALIDUS RE
		STREET 2:		48 PAR-LA-VILLE ROAD, SUITE 1790
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM11
		BUSINESS PHONE:		441-278-9000

	MAIL ADDRESS:	
		STREET 1:		C/O VALIDUS RE
		STREET 2:		48 PAR-LA-VILLE ROAD, SUITE 1790
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM11

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			New Mountain Investments II (Cayman), L.P.
		CENTRAL INDEX KEY:			0001407585
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33606
		FILM NUMBER:		071000504

	BUSINESS ADDRESS:	
		STREET 1:		C/O NEW MOUNTAIN CAPITAL, LLC
		STREET 2:		787 SEVENTH AVENUE, 49TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		441-278-9000

	MAIL ADDRESS:	
		STREET 1:		C/O VALIDUS RE
		STREET 2:		48 PAR-LA-VILLE ROAD, SUITE 1790
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM11

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			New Mountain Capital, L.L.C.
		CENTRAL INDEX KEY:			0001407718

	FILING VALUES:
		FORM TYPE:		3/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33606
		FILM NUMBER:		071000506

	BUSINESS ADDRESS:	
		STREET 1:		787 7TH AVENUE
		STREET 2:		49TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		(212) 720-0300

	MAIL ADDRESS:	
		STREET 1:		787 7TH AVENUE
		STREET 2:		49TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			NMI II (Cayman) GP, Ltd.
		CENTRAL INDEX KEY:			0001407551
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33606
		FILM NUMBER:		071000505

	BUSINESS ADDRESS:	
		STREET 1:		C/O NEW MOUNTAIN CAPITAL, LLC
		STREET 2:		787 SEVENTH AVENUE, 49TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		441-278-9000

	MAIL ADDRESS:	
		STREET 1:		C/O VALIDUS RE
		STREET 2:		48 PAR-LA-VILLE ROAD, SUITE 1790
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM11

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Allegheny New Mountain Partners (Cayman), L.P.
		CENTRAL INDEX KEY:			0001407552
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33606
		FILM NUMBER:		071000502

	BUSINESS ADDRESS:	
		STREET 1:		C/O NEW MOUNTAIN CAPITAL, LLC
		STREET 2:		787 SEVENTH AVENUE, 49TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		441-278-9000

	MAIL ADDRESS:	
		STREET 1:		C/O VALIDUS RE
		STREET 2:		48 PAR-LA-VILLE ROAD, SUITE 1790
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM11
</SEC-HEADER>
<DOCUMENT>
<TYPE>3/A
<SEQUENCE>1
<FILENAME>bny37441_bny1nmiiigp-3a.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3/A</documentType>

    <periodOfReport>2007-07-24</periodOfReport>

    <dateOfOriginalSubmission>2007-07-24</dateOfOriginalSubmission>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001348259</issuerCik>
        <issuerName>VALIDUS HOLDINGS LTD</issuerName>
        <issuerTradingSymbol>VR</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001407551</rptOwnerCik>
            <rptOwnerName>NMI II (Cayman) GP, Ltd.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O VALIDUS RE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 1790, 48 PAR-LA-VILLE ROAD</rptOwnerStreet2>
            <rptOwnerCity>HAMILTON</rptOwnerCity>
            <rptOwnerState>D0</rptOwnerState>
            <rptOwnerZipCode>HM11</rptOwnerZipCode>
            <rptOwnerStateDescription>BERMUDA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001407585</rptOwnerCik>
            <rptOwnerName>New Mountain Investments II (Cayman), L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O VALIDUS RE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 1790, 48 PAR-LA-VILLE ROAD</rptOwnerStreet2>
            <rptOwnerCity>HAMILTON</rptOwnerCity>
            <rptOwnerState>D0</rptOwnerState>
            <rptOwnerZipCode>HM11</rptOwnerZipCode>
            <rptOwnerStateDescription>BERMUDA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001407553</rptOwnerCik>
            <rptOwnerName>New Mountain Partners II (Cayman), L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O VALIDUS RE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 1790, 48 PAR-LA-VILLE ROAD</rptOwnerStreet2>
            <rptOwnerCity>HAMILTON</rptOwnerCity>
            <rptOwnerState>D0</rptOwnerState>
            <rptOwnerZipCode>HM11</rptOwnerZipCode>
            <rptOwnerStateDescription>BERMUDA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001407552</rptOwnerCik>
            <rptOwnerName>Allegheny New Mountain Partners (Cayman), L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O VALIDUS RE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 1790, 48 PAR-LA-VILLE ROAD</rptOwnerStreet2>
            <rptOwnerCity>HAMILTON</rptOwnerCity>
            <rptOwnerState>D0</rptOwnerState>
            <rptOwnerZipCode>HM11</rptOwnerZipCode>
            <rptOwnerStateDescription>BERMUDA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001407554</rptOwnerCik>
            <rptOwnerName>New Mountain Affiliated Investors II (Cayman), L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O VALIDUS RE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 1790, 48 PAR-LA-VILLE ROAD</rptOwnerStreet2>
            <rptOwnerCity>HAMILTON</rptOwnerCity>
            <rptOwnerState>D0</rptOwnerState>
            <rptOwnerZipCode>HM11</rptOwnerZipCode>
            <rptOwnerStateDescription>BERMUDA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001018327</rptOwnerCik>
            <rptOwnerName>KLINSKY STEVEN B</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O VALIDUS RE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 1790, 48 PAR-LA-VILLE ROAD</rptOwnerStreet2>
            <rptOwnerCity>HAMILTON</rptOwnerCity>
            <rptOwnerState>D0</rptOwnerState>
            <rptOwnerZipCode>HM11</rptOwnerZipCode>
            <rptOwnerStateDescription>BERMUDA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001407718</rptOwnerCik>
            <rptOwnerName>New Mountain Capital, L.L.C.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1></rptOwnerStreet1>
            <rptOwnerStreet2>787 SEVENTH AVENUE, 49TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10019</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Shares</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>6857141</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Notes</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Warrants to acquire common shares</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>17.50</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F3"/>
            </exerciseDate>
            <expirationDate>
                <value>2015-12-12</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Shares</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>784055.6</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Notes</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F4"/>
                    <footnoteId id="F5"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The securities are owned by New Mountain Partners II (Cayman), L.P., Allegheny New Mountain Partners (Cayman), L.P. and New Mountain Affiliated Investors II (Cayman), L.P. (collectively, the &quot;New Mountain funds&quot;) as follows: 6,262,368 shares are owned by New Mountain Partners II (Cayman), L.P., 484,642 shares are owned by Allegheny New Mountain Partners (Cayman), L.P. and 110,131 shares are owned by New Mountain Affiliated Investors II (Cayman), L.P.  NMI II (Cayman) GP, Ltd. is the general partner of New Mountain Investments II (Cayman), L.P., which is the general partner of each of the New Mountain funds. Steven B. Klinsky is the sole director of NMI II (Cayman) GP, Ltd. and the chief executive officer of New Mountain Capital, L.L.C.  New Mountain Capital, L.L.C. is the manager of each of the New Mountain funds.</footnote>
        <footnote id="F2">Each of the reporting persons disclaims beneficial ownership of these securities, except to the extent of its pecuniary interest therein.</footnote>
        <footnote id="F3">Warrants are exercisable at any time prior to December 12, 2015.</footnote>
        <footnote id="F4">The securities are owned by New Mountain Partners II (Cayman), L.P., Allegheny New Mountain Partners (Cayman), L.P. and New Mountain Affiliated Investors II (Cayman), L.P. as follows: 716,031.5 warrants are owned by New Mountain Partners II (Cayman), L.P., 55,392.1 warrants are owned by Allegheny New Mountain Partners (Cayman), L.P. and 12,632.0 warrants are owned by New Mountain Affiliated Investors II (Cayman), L.P.</footnote>
        <footnote id="F5">Warrants owned by the New Mountain funds provide, in the relevant part, that they shall be exercisable for a number of shares representing 1.08% of the common shares of the issuer on the day immediately prior to consummation of the issuer's initial public offering of common shares, on a fully diluted basis.  The number of shares issuable upon exercise of the warrants reported above has been calculated based upon the issuer's estimate, given to the reporting persons, of the number of outstanding common shares, warrants and options immediately prior to consummation of the issuer's initial public offering of common shares.</footnote>
    </footnotes>

    <remarks>1- This Form 3/A amends the Form 3 filed by the reporting persons other than New Mountain Capital, L.L.C. on July 24, 2007. The sole
purpose of this Form 3/A is to add New Mountain Capital, L.L.C. as a reporting person.</remarks>

    <ownerSignature>
        <signatureName>John Schuster, Attorney-in-Fact</signatureName>
        <signatureDate>2007-07-25</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----