XML 98 R72.htm IDEA: XBRL DOCUMENT v3.24.1.u1

Financial Highlights (Details) $ / shares in Units, € in Thousands, £ in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) $ / shares shares	Mar. 31, 2023 USD ($) $ / shares shares	Mar. 31, 2024 GBP (£) shares	Mar. 31, 2024 EUR (€) shares	Dec. 31, 2023 USD ($) shares	Dec. 31, 2023 GBP (£) shares	Dec. 31, 2023 EUR (€) shares	Mar. 31, 2023 GBP (£) shares	Mar. 31, 2023 EUR (€) shares	Mar. 31, 2023 $ / shares
Investment Company, Financial Highlights [Roll Forward]
Net asset value, beginning balance (in dollars per share) | $ / shares	$ 12.87	$ 13.02
Net investment income (in dollars per share) | $ / shares	0.36	0.38
Net realized and unrealized gains (in dollars per share) | $ / shares	(0.10)	0.06
Total net increase (in dollars per share) | $ / shares	0.26	0.44
Distributions declared to stockholders from net investment income (in dollars per share) | $ / shares	(0.36)	(0.32)
Net asset value, ending balance (in dollars per share) | $ / shares	12.77	$ 13.14
Per share market value (in dollars per share) | $ / shares	$ 12.67									$ 12.17
Total return based on market value	2.45%	0.94%
Total return based on net asset value	1.99%	3.39%
Shares outstanding at end of period (in shares) | shares	106,289,293		106,289,293	106,289,293	102,558,859	102,558,859	102,558,859	100,937,026	100,937,026
Average weighted shares outstanding for the period - basic (in shares) | shares	103,660,370	100,937,026
Average net assets for the period	$ 1,334,024	$ 1,314,609
Ratio to average net assets:
Net investment income	11.25%	11.76%
Total expenses, before waivers/reimbursements	16.25%	16.85%
Total expenses, net of waivers/reimbursements	15.97%	16.52%
Asset coverage ratio	192.25%		192.25%	192.25%				177.55%	177.55%
Portfolio turnover	4.83%	2.10%
Unsecured Notes
Ratio to average net assets:
Average debt outstanding	$ 632,610	$ 471,500
SBA-guaranteed debentures
Ratio to average net assets:
Average debt outstanding	300,000	300,000
Convertible Notes
Ratio to average net assets:
Average debt outstanding	260,000	328,816
Holdings Credit Facility
Ratio to average net assets:
Credit facility outstanding balance	291,563				$ 515,063
Holdings Credit Facility | Revolving Credit Facility
Ratio to average net assets:
Credit facility outstanding balance	291,563				515,063
Holdings Credit Facility | Credit Facility | Revolving Credit Facility
Ratio to average net assets:
Average debt outstanding	358,489	634,146
DB Credit Facility
Ratio to average net assets:
Credit facility outstanding balance	182,000				186,400
DB Credit Facility | Revolving Credit Facility
Ratio to average net assets:
Credit facility outstanding balance	182,000				186,400
DB Credit Facility | Credit Facility | Revolving Credit Facility
Ratio to average net assets:
Average debt outstanding	185,095	186,400
NMFC Credit Facility
Ratio to average net assets:
Credit facility outstanding balance	47,618				36,813
NMFC Credit Facility | Revolving Credit Facility
Ratio to average net assets:
Credit facility outstanding balance	47,618		£ 22,850	€ 17,400	36,813	£ 22,850	€ 700	£ 22,850	€ 700
NMFC Credit Facility | Credit Facility | Revolving Credit Facility
Ratio to average net assets:
Average debt outstanding	35,729	101,025
NMNLC Credit Facility II
Ratio to average net assets:
Credit facility outstanding balance	2,938				2,853
NMNLC Credit Facility II | Revolving Credit Facility
Ratio to average net assets:
Credit facility outstanding balance	2,938				$ 2,853
NMNLC Credit Facility II | Credit Facility | Revolving Credit Facility
Ratio to average net assets:
Average debt outstanding	$ 2,371	$ 2,973

X

- Definition

Average Net Assets

+ References

No definition available.

+ Details

Name:	nmfc_AverageNetAssets
Namespace Prefix:	nmfc_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	duration

X

- Definition

Investment Company, Expense Ratio Before Fee Waiver And Reimbursements

+ References

No definition available.

+ Details

Name:	nmfc_InvestmentCompanyExpenseRatioBeforeFeeWaiverAndReimbursements
Namespace Prefix:	nmfc_
Data Type:	dtr-types1:percentItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Investment Company, Expense Ratio Including Fee Waiver And Reimbursements

+ References

No definition available.

+ Details

Name:	nmfc_InvestmentCompanyExpenseRatioIncludingFeeWaiverAndReimbursements
Namespace Prefix:	nmfc_
Data Type:	dtr-types1:percentItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Weighted Average Number Of Shares Outstanding

+ References

No definition available.

+ Details

Name:	nmfc_WeightedAverageNumberOfSharesOutstanding
Namespace Prefix:	nmfc_
Data Type:	xbrli:sharesItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-SubTopic 10
-Topic 505
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.6-05(4))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479617/946-210-S99-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(4)(b))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(16)(a))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(7))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

+ Details

Name:	us-gaap_CommonStockSharesOutstanding
Namespace Prefix:	us-gaap_
Data Type:	xbrli:sharesItemType
Balance Type:	na
Period Type:	instant

X

- Definition

Per share or unit amount of distribution to shareholders. Includes, but is not limited to, dividend and capital gain. Excludes distribution for tax return of capital.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 205
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480737/946-205-50-7

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-8

+ Details

Name:	us-gaap_InvestmentCompanyDistributionToShareholdersPerShare
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:perShareItemType
Balance Type:	na
Period Type:	duration

X

- Definition

A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.

+ References

No definition available.

+ Details

Name:	us-gaap_InvestmentCompanyFinancialHighlightsRollForward
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_InvestmentCompanyFinancialRatiosAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Per share or unit amount of realized and unrealized gain (loss) on investment.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 205
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480737/946-205-50-7

+ Details

Name:	us-gaap_InvestmentCompanyGainLossOnInvestmentPerShare
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:perShareItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Per share or unit amount of investment income (loss) and realized and unrealized gain (loss) on investment.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 205
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480737/946-205-50-7

+ Details

Name:	us-gaap_InvestmentCompanyInvestmentIncomeLossFromOperationsPerShare
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:perShareItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Per share or unit amount, after investment expense, of dividend and interest investment income (loss).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 205
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480737/946-205-50-7

+ Details

Name:	us-gaap_InvestmentCompanyInvestmentIncomeLossPerShare
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:perShareItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Percentage of investment income (loss) to average net assets.

+ References

No definition available.

+ Details

Name:	us-gaap_InvestmentCompanyInvestmentIncomeLossRatio
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:percentItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Market value per share of investment portfolio by investment company. Includes, but is not limited to, per unit, membership interest, or other ownership interest.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 205
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480737/946-205-50-7

+ Details

Name:	us-gaap_InvestmentCompanyMarketValuePerShare
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:perShareItemType
Balance Type:	na
Period Type:	instant

X

- Definition

Percentage of lesser of purchase or sale of portfolio securities to average value of portfolio securities owned.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 205
-Name Accounting Standards Codification
-Section 50
-Paragraph 27
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480737/946-205-50-27

+ Details

Name:	us-gaap_InvestmentCompanyPortfolioTurnover
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:percentItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Percentage of total assets less all liabilities and indebtedness not represented by senior security, to senior security representing indebtedness.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Investment Company Act of 1940
-Section 61
-Paragraph a
-Subparagraph (1)
-Publisher SEC

+ Details

Name:	us-gaap_InvestmentCompanySeniorSecurityIndebtednessAssetCoverageRatio
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:percentItemType
Balance Type:	na
Period Type:	instant

X

- Definition

Percentage increase (decrease) in fund net asset value, assuming reinvestment of dividends and capital gain distributions.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 205
-Name Accounting Standards Codification
-Section 50
-Paragraph 27
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480737/946-205-50-27

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 205
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480737/946-205-50-18

+ Details

Name:	us-gaap_InvestmentCompanyTotalReturn
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:percentItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Percentage increase (decrease) in portfolio market value assuming reinvestment of dividend and capital gain distribution.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 205
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480737/946-205-50-18

+ Details

Name:	us-gaap_InvestmentCompanyTotalReturnMarketValue
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:percentItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-SubTopic 10
-Topic 210
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(16)(a)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(16))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1

+ Details

Name:	us-gaap_LineOfCredit
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

Average amount outstanding of long-term debt.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(3))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1402
-Paragraph (a)
-Publisher SEC

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1402
-Paragraph (b)
-Subparagraph (1)
-Publisher SEC

+ Details

Name:	us-gaap_LongTermDebtAverageAmountOutstanding
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Definition

Net asset value per share or per unit of investments in certain entities that calculate net asset value per share. Includes, but is not limited to, by unit, membership interest, or other ownership interest. Investment includes, but is not limited to, investment in certain hedge funds, venture capital funds, private equity funds, real estate partnerships or funds. Excludes fair value disclosure.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 35
-Paragraph 54B
-SubTopic 10
-Topic 820
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482134/820-10-35-54B

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 35
-Paragraph 59
-SubTopic 10
-Topic 820
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482134/820-10-35-59

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-SubTopic 10
-Topic 820
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-6A

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480167/946-830-55-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 45
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480555/946-210-45-4

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 205
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480737/946-205-50-7

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 205
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480737/946-205-50-7

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481004/946-505-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(19))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.6-05(4))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479617/946-210-S99-2

+ Details

Name:	us-gaap_NetAssetValuePerShare
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:perShareItemType
Balance Type:	na
Period Type:	instant

X

- Details

Name:	us-gaap_LongtermDebtTypeAxis=us-gaap_UnsecuredDebtMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_LongtermDebtTypeAxis=nmfc_GuaranteedDebtMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_LongtermDebtTypeAxis=us-gaap_ConvertibleDebtMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_DebtInstrumentAxis=nmfc_HoldingsCreditFacilityMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_DebtInstrumentAxis=nmfc_DBCreditFacilityMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_DebtInstrumentAxis=nmfc_NMFCCreditFacilityMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_DebtInstrumentAxis=nmfc_NMNLCCreditFacilityIIMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: