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Consolidated Statements of Assets and Liabilities - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets    
Investments at fair value $ 3,069,982 [1] $ 3,011,322 [2]
Securities purchased under collateralized agreements to resell (cost of $30,000 and $30,000, respectively) 16,500 16,500
Cash and cash equivalents 107,467 70,090
Interest and dividend receivable 43,171 44,107
Receivable from broker 960 0
Deferred tax asset 68 594
Other assets 17,409 16,519
Total assets 3,255,607 3,159,214
Borrowings    
Unsecured Notes 686,663 506,500
SBA-guaranteed debentures 300,000 300,000
Convertible Notes 260,178 260,207
Deferred financing costs (net of accumulated amortization of $56,248 and $54,263, respectively) (24,370) (22,387)
Net borrowings 1,746,590 1,785,449
Payable for unsettled securities purchased 94,079 0
Interest payable 23,071 20,440
Management fee payable 10,096 10,116
Incentive fee payable 9,389 8,555
Total liabilities 1,886,424 1,827,491
Commitments and contingencies (See Note 9)
Net assets    
Preferred stock, par value $0.01 per share, 2,000,000 shares authorized, none issued 0 0
Common stock, par value $0.01 per share, 200,000,000 shares authorized, and 106,289,293 and 102,558,859 shares issued and outstanding, respectively 1,063 1,026
Paid in capital in excess of par 1,379,070 1,331,269
Accumulated undistributed earnings (23,201) (12,344)
Total net assets of New Mountain Finance Corporation 1,356,932 1,319,951
Non-controlling interest in New Mountain Net Lease Corporation 12,251 11,772
Total net assets 1,369,183 1,331,723
Total liabilities and net assets $ 3,255,607 $ 3,159,214
Number of shares outstanding (in shares) 106,289,293 102,558,859
Net asset value per share of New Mountain Finance Corporation (in dollars per share) $ 12.77 $ 12.87
Holdings Credit Facility    
Borrowings    
Credit facility $ 291,563 $ 515,063
DB Credit Facility    
Borrowings    
Credit facility 182,000 186,400
NMFC Credit Facility    
Borrowings    
Credit facility 47,618 36,813
NMNLC Credit Facility II    
Borrowings    
Credit facility 2,938 2,853
Affiliates    
Assets    
Receivable from affiliates 50 82
Nonrelated parties    
Borrowings    
Other liabilities 3,199 2,931
Non-controlled/Non-affiliated    
Assets    
Investments at fair value 2,279,598 2,209,867
Non-controlled/Affiliated    
Assets    
Investments at fair value 113,281 133,659
Controlled    
Assets    
Investments at fair value $ 677,103 $ 667,796
[1] New Mountain Finance Corporation (the "Company") generally acquires its investments in private transactions exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"). These investments are generally subject to certain limitations on resale, and may be deemed to be "restricted securities" under the Securities Act.
[2] New Mountain Finance Corporation (the "Company") generally acquires its investments in private transactions exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"). These investments are generally subject to certain limitations on resale, and may be deemed to be "restricted securities" under the Securities Act.