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Net Assets
 9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
Net Assets 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, 2024:
Accumulated Overdistributed Earnings
 Common StockPaid in
Capital in
Excess		Accumulated
Net Investment		Accumulated Net Realized Net 
Unrealized Appreciation		Total Net AssetsNon-
Controlling
Interest in		Total
 SharesPar Amountof ParIncome(Losses) Gains(Depreciation)of NMFCNMNLCNet Assets
Net assets at December 31, 2023102,558,859 $1,026 $1,331,269 $150,407 $(100,015)$(62,736)$1,319,951 $11,772 $1,331,723 
Issuances of common stock3,730,434 37 47,882 — — — 47,919 — 47,919 
Offering costs— — (81)— — — (81)— (81)
Distributions declared — — — (38,265)— — (38,265)(197)(38,462)
Net increase (decrease) in net assets resulting from operations— — — 37,325 (11,830)1,913 27,408 676 28,084 
Net assets at March 31, 2024106,289,293 $1,063 $1,379,070 $149,467 $(111,845)$(60,823)$1,356,932 $12,251 $1,369,183 
Issuances of common stock1,562,122 16 19,756 — — — 19,772 — 19,772 
Offering costs— — (388)— — — (388)— (388)
Distributions declared— — — (36,669)— — (36,669)(165)(36,834)
Net increase (decrease) in net assets resulting from operations— — — 38,200 (31,166)27,437 34,471 313 34,784 
Net assets at June 30, 2024107,851,415 $1,079 $1,398,438 $150,998 $(143,011)$(33,386)$1,374,118 $12,399 $1,386,517 
Issuances of common stock— — — — — — — — — 
Other— — — — — — — 244 244 
Offering costs— — (43)— — — (43)— (43)
Distributions declared — — — (36,668)— — (36,668)(166)(36,834)
Sale of non-controlling interest in NMNLC— — — — — — — (4,666)(4,666)
Net change in unrealized appreciation in NMNLC— — — — — — — (1,533)(1,533)
Net increase (decrease) in net assets resulting from operations— — — 35,526 (1,959)(9,678)23,889 5 23,894 
Net assets at September 30, 2024107,851,415 $1,079 $1,398,395 $149,856 $(144,970)$(43,064)$1,361,296 $6,283 $1,367,579 
    
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 Undistributed (Overdistributed) Earnings
 Common StockPaid in
Capital in Excess		Accumulated
Net Investment		Accumulated Net Realized 
(Losses)		Net 
Unrealized Appreciation		Total Net AssetsNon-Controlling Interest inTotal
 SharesPar Amountof ParIncomeGains(Depreciation)of NMFCNMNLCNet Assets
Net assets at December 31, 2022100,937,026 $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, 2023100,937,026 $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, 2023100,937,026 $1,009 $1,305,798 $157,756 $(64,828)$(73,634)$1,326,101 $11,861 $1,337,962 
Issuances of common stock502,623 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, 2023101,439,649 $1,014 $1,312,352 $161,863 $(60,155)$(90,056)$1,325,018 $11,676 $1,336,694 
On November 3, 2021, the Company entered into an equity distribution agreement, as amended on May 18, 2023, August 23, 2023, June 27, 2024 and August 1, 2024 (the “Distribution Agreement”), with B. Riley Securities, Inc. and Raymond James & Associates, Inc. (collectively, the “Agents”). The Distribution Agreement originally provided that the Company may issue and sell its shares from time to time through the Agents, up to $250,000 worth of its common stock by means of at-the-market ("ATM") offerings. As of the amendment on June 27, 2024, the Company increased the maximum amount of shares to be sold through the ATM program from $250,000 to $400,000.
For the three months ended September 30, 2024, the Company did not sell any shares of common stock, under the Distribution Agreement. For the nine months ended September 30, 2024, the Company sold 5,292,556 shares of common stock under the Distribution Agreement. For the nine months ended September 30, 2024, the Company received total accumulated net proceeds of approximately $67,691, including $12 of offering expenses, from these sales. For the three and nine months ended September 30, 2023, the Company sold 502,623 and 502,623 shares, respectively, of common stock under the Distribution Agreement. For the three and nine months ended September 30, 2023, the Company received total accumulated net proceeds of approximately $6,625 and $6,625, respectively, including $0 and $0, respectively, of offering expenses, from these sales.
The Company generally uses net proceeds from these offerings to make investments, to pay down liabilities and for general corporate purposes. As of September 30, 2024, shares representing approximately $257,991 of its common stock remain available for issuance and sale under the Distribution Agreement.