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Consolidated Statements of Assets and Liabilities - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets    
Investments at fair value $ 3,213,780 [1] $ 3,011,322 [2]
Securities purchased under collateralized agreements to resell (cost of $30,000 and $30,000, respectively) 13,500 16,500
Cash and cash equivalents 119,607 70,090
Interest and dividend receivable 48,071 44,107
Deferred tax asset 0 594
Other assets 28,506 16,519
Total assets 3,423,618 3,159,214
Borrowings    
Unsecured Notes 685,974 506,500
SBA-guaranteed debentures 300,000 300,000
Convertible Notes 260,150 260,207
Deferred financing costs (net of accumulated amortization of $58,243 and $54,263, respectively) (22,516) (22,387)
Net borrowings 1,936,959 1,785,449
Payable for unsettled securities purchased 51,199 0
Interest payable 22,937 20,440
Management fee payable 10,490 10,116
Incentive fee payable 9,550 8,555
Payable to broker 1,650 0
Derivative liability at fair value 1,552 0
Deferred tax liability 63 0
Total liabilities 2,037,101 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 107,851,415 and 102,558,859 shares issued and outstanding, respectively 1,079 1,026
Paid in capital in excess of par 1,398,438 1,331,269
Accumulated undistributed earnings (25,399) (12,344)
Total net assets of New Mountain Finance Corporation 1,374,118 1,319,951
Non-controlling interest in New Mountain Net Lease Corporation 12,399 11,772
Total net assets 1,386,517 1,331,723
Total liabilities and net assets $ 3,423,618 $ 3,159,214
Number of shares outstanding (in shares) 107,851,415 102,558,859
Net asset value per share of New Mountain Finance Corporation (in dollars per share) $ 12.74 $ 12.87
Holdings Credit Facility    
Borrowings    
Credit facility $ 386,563 $ 515,063
DB Credit Facility    
Borrowings    
Credit facility 182,000 186,400
NMFC Credit Facility    
Borrowings    
Credit facility 141,840 36,813
NMNLC Credit Facility II    
Borrowings    
Credit facility 2,948 2,853
Affiliates    
Assets    
Receivable from affiliates 154 82
Nonrelated parties    
Borrowings    
Other liabilities 2,701 2,931
Non-controlled/Non-affiliated    
Assets    
Investments at fair value 2,411,396 2,209,867
Non-controlled/Affiliated    
Assets    
Investments at fair value 118,351 133,659
Controlled    
Assets    
Investments at fair value $ 684,033 $ 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.