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v3.23.3

Net Assets (Tables) | 9 Months Ended
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Sep. 30, 2023
Equity [Abstract] |
Schedule of Net Assets | The table below illustrates the effect of certain transactions on the net asset accounts of the Company during the three and nine months ended September 30, 2023:
|  |  |  |  |  |  |  |  | Accumulated Overdistributed Earnings |  |  |  |  |  |
| Common Stock |  |  |  | Paid in Capital in Excess |  | Accumulated Net Investment |  | Accumulated Net Realized |  | Net Unrealized Appreciation |  | Total Net Assets |  | Non- Controlling Interest in |  | Total
| Shares |  | Par Amount |  |  |  | of Par |  | Income |  | (Losses) Gains |  | (Depreciation) |  | of NMFC |  | NMNLC |  | Net Assets
Net assets at December 31, 2022 | 100,937,026 |  |  | $ | 1,009 |  |  |  |  | $ | 1,305,945 |  |  | $ | 147,593 |  |  | $ | (68,072) |  |  | $ | (72,002) |  |  | $ | 1,314,473 |  |  | $ | 11,718 |  |  | $ | 1,326,191 |
Issuances of common stock | — |  |  | — |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Offering costs | — |  |  | — |  |  |  |  | (56) |  |  | — |  |  | — |  |  | — |  |  | (56) |  |  | — |  |  | (56) |
Distributions declared | — |  |  | — |  |  |  |  | — |  |  | (32,300) |  |  | — |  |  | — |  |  | (32,300) |  |  | (153) |  |  | (32,453) |
Net increase in net assets resulting from operations | — |  |  | — |  |  |  |  | — |  |  | 38,113 |  |  | 677 |  |  | 5,783 |  |  | 44,573 |  |  | 239 |  |  | 44,812 |
Net assets at March 31, 2023 | 100,937,026 |  |  | $ | 1,009 |  |  |  |  | $ | 1,305,889 |  |  | $ | 153,406 |  |  | $ | (67,395) |  |  | $ | (66,219) |  |  | $ | 1,326,690 |  |  | $ | 11,804 |  |  | $ | 1,338,494 |
Issuances of common stock | — |  |  | — |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Offering costs | — |  |  | — |  |  |  |  | (91) |  |  | — |  |  | — |  |  | — |  |  | (91) |  |  | — |  |  | (91) |
Distributions declared | — |  |  | — |  |  |  |  | — |  |  | (35,328) |  |  | — |  |  | — |  |  | (35,328) |  |  | (191) |  |  | (35,519) |
Net increase (decrease) in net assets resulting from operations | — |  |  | — |  |  |  |  | — |  |  | 39,678 |  |  | 2,567 |  |  | (7,415) |  |  | 34,830 |  |  | 248 |  |  | 35,078 |
Net assets at June 30, 2023 | 100,937,026 |  |  | $ | 1,009 |  |  |  |  | $ | 1,305,798 |  |  | $ | 157,756 |  |  | $ | (64,828) |  |  | $ | (73,634) |  |  | $ | 1,326,101 |  |  | $ | 11,861 |  |  | $ | 1,337,962 |
Issuances of common stock | 502,623 |  |  | 5 |  |  |  |  | 6,620 |  |  | — |  |  | — |  |  | — |  |  | 6,625 |  |  | — |  |  | 6,625 |
Offering costs | — |  |  | — |  |  |  |  | (66) |  |  | — |  |  | — |  |  | — |  |  | (66) |  |  | — |  |  | (66) |
Distributions declared | — |  |  | — |  |  |  |  | — |  |  | (36,338) |  |  | — |  |  | — |  |  | (36,338) |  |  | (188) |  |  | (36,526) |
Net increase (decrease) in net assets resulting from operations | — |  |  | — |  |  |  |  | — |  |  | 40,445 |  |  | 4,673 |  |  | (16,422) |  |  | 28,696 |  |  | 3 |  |  | 28,699 |
Net assets at September 30, 2023 | 101,439,649 |  |  | $ | 1,014 |  |  |  |  | $ | 1,312,352 |  |  | $ | 161,863 |  |  | $ | (60,155) |  |  | $ | (90,056) |  |  | $ | 1,325,018 |  |  | $ | 11,676 |  |  | $ | 1,336,694 |
The table below illustrates the effect of certain transactions on the net asset accounts of the Company during the three and nine months ended September 30, 2022:
|  |  |  |  |  |  |  |  | Accumulated Undistributed (Overdistributed) Earnings |  |  |  |  |  |
| Common Stock |  |  |  | Paid in Capital in Excess |  | Accumulated Net Investment |  | Accumulated Net Realized (Losses) |  | Net Unrealized Appreciation |  | Total Net Assets |  | Non-Controlling Interest in |  | Total
| Shares |  | Par Amount |  |  |  | of Par |  | Income |  | Gains |  | (Depreciation) |  | of NMFC |  | NMNLC |  | Net Assets
Net assets at December 31, 2021 | 97,907,441 |  |  | $ | 979 |  |  |  |  | $ | 1,272,796 |  |  | $ | 118,330 |  |  | $ | (92,099) |  |  | $ | 21,239 |  |  | $ | 1,321,245 |  |  | $ | 21,367 |  |  | $ | 1,342,612 |
Issuances of common stock | 1,591,121 |  |  | 16 |  |  |  |  | 21,556 |  |  | — |  |  | — |  |  | — |  |  | 21,572 |  |  | — |  |  | 21,572 |
Offering costs | — |  |  | — |  |  |  |  | (52) |  |  | — |  |  | — |  |  | — |  |  | (52) |  |  | — |  |  | (52) |
Distributions declared | — |  |  | — |  |  |  |  | — |  |  | (29,589) |  |  | — |  |  | — |  |  | (29,589) |  |  | (3,750) |  |  | (33,339) |
Net increase (decrease) in net assets resulting from operations | — |  |  | — |  |  |  |  | — |  |  | 29,573 |  |  | 17,596 |  |  | (10,977) |  |  | 36,192 |  |  | 855 |  |  | 37,047 |
Net assets at March 31, 2022 | 99,498,562 |  |  | $ | 995 |  |  |  |  | $ | 1,294,300 |  |  | $ | 118,314 |  |  | $ | (74,503) |  |  | $ | 10,262 |  |  | $ | 1,349,368 |  |  | $ | 18,472 |  |  | $ | 1,367,840 |
Issuances of common stock | 1,218,366 |  |  | 12 |  |  |  | 16,565 |  |  | — |  |  | — |  |  | — |  |  | 16,577 |  |  | — |  |  | 16,577 |
Offering costs | — |  |  | — |  |  |  |  | (74) |  |  | — |  |  | — |  |  | — |  |  | (74) |  |  | — |  |  | (74) |
Distributions declared | — |  |  | — |  |  |  |  | — |  |  | (30,215) |  |  | — |  |  | — |  |  | (30,215) |  |  | (4,190) |  |  | (34,405) |
Contributions related to non-controlling interest in NMNLC | — |  |  | — |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 123 |  |  | 123 |
Net increase (decrease) in net assets resulting from operations | — |  |  | — |  |  |  |  | — |  |  | 31,396 |  |  | 14,849 |  |  | (30,291) |  |  | 15,954 |  |  | (814) |  |  | 15,140 |
Net assets at June 30, 2022 | 100,716,928 |  |  | $ | 1,007 |  |  |  |  | $ | 1,310,791 |  |  | $ | 119,495 |  |  | $ | (59,654) |  |  | $ | (20,029) |  |  | $ | 1,351,610 |  |  | $ | 13,591 |  |  | $ | 1,365,201 |
Issuances of common stock | 220,098 |  |  | 2 |  |  |  |  | 2,953 |  |  | — |  |  | — |  |  | — |  |  | 2,955 |  |  | — |  |  | 2,955 |
Offering costs | — |  |  | — |  |  |  |  | (34) |  |  | — |  |  | — |  |  | — |  |  | (34) |  |  | — |  |  | (34) |
Distributions declared | — |  |  | — |  |  |  |  | — |  |  | (30,281) |  |  | — |  |  | — |  |  | (30,281) |  |  | (257) |  |  | (30,538) |
Net increase (decrease) in net assets resulting from operations | — |  |  | — |  |  |  |  | — |  |  | 32,527 |  |  | (390) |  |  | (24,432) |  |  | 7,705 |  |  | (191) |  |  | 7,514 |
Net assets at September 30, 2022 | 100,937,026 |  |  | $ | 1,009 |  |  |  |  | $ | 1,313,710 |  |  | $ | 121,741 |  |  | $ | (60,044) |  |  | $ | (44,461) |  |  | $ | 1,331,955 |  |  | $ | 13,143 |  |  | $ | 1,345,098 |

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