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Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Investment income      
PIK interest income $ 36,870 $ 33,594 $ 17,326
Non-cash dividend income 31,575 27,409 22,543
Total investment income 371,666 374,836 294,630
Expenses      
Interest and other financing expenses 136,636 124,784 92,421
Management fee 45,522 45,610 46,617
Incentive fee 36,385 38,303 29,901
Professional fees 4,379 3,771 3,433
Administrative expenses 4,222 4,101 4,131
Other general and administrative expenses 2,039 2,068 2,338
Total expenses 229,183 218,637 178,841
Less: management fee waived (see Note 5) (3,739) (4,117) (4,402)
Less: expenses waived and reimbursed (see Note 5) 0 0 (238)
Net expenses 225,444 214,520 174,201
Net investment income before income taxes 146,222 160,316 120,429
Income tax expense 262 418 825
Net investment income 145,960 159,898 119,604
Net realized (losses) gains:      
Investments (41,832) (32,854) 52,703
Foreign currency 420 13 827
Net change in unrealized appreciation (depreciation):      
Investments 15,675 10,316 (84,134)
Securities purchased under collateralized agreements to resell (3,000) (39) (4,883)
Foreign currency (606) 100 (1,115)
Provision for taxes (2,114) (1,344) (8,474)
Net realized and unrealized losses (31,457) (23,808) (45,076)
Net increase in net assets resulting from operations 114,503 136,090 74,528
Less: Net (increase) decrease in net assets resulting from operations related to non-controlling interest in New Mountain Net Lease Corporation (1,060) (747) 204
Net increase in net assets resulting from operations related to New Mountain Finance Corporation $ 113,443 $ 135,343 $ 74,732
Basic earnings per share (in dollars per share) $ 1.06 $ 1.34 $ 0.75
Weighted average shares of common stock outstanding - basic (in shares) 106,570,782 101,118,302 100,202,847
Diluted earnings per share (in dollars per share) $ 1.03 $ 1.24 $ 0.74
Weighted average shares of common stock outstanding - diluted (in shares) 125,463,389 123,488,882 115,426,198
Distributions declared per share (in dollars per share) $ 1.37 $ 1.49 $ 1.22
Distributions paid per share (in dollars per share) $ 1.37 $ 1.49 $ 1.22
Non-controlled/Non-affiliated      
Investment income      
Interest income (excluding Payment-in-kind ("PIK") interest income) $ 232,023 $ 249,851 $ 184,367
PIK interest income 17,573 15,968 11,767
Dividend income 3,987 193 193
Non-cash dividend income 19,286 17,481 14,071
Other income 7,686 4,981 9,156
Net realized (losses) gains:      
Investments (45,365) (49,267) (737)
Net change in unrealized appreciation (depreciation):      
Investments 52,581 47,956 (81,197)
Non-controlled/Affiliated      
Investment income      
Interest income (excluding Payment-in-kind ("PIK") interest income) 1,443 1,951 1,062
PIK interest income 3,648 2,183 1,043
Non-cash dividend income 5,843 4,625 4,109
Other income 250 251 250
Net change in unrealized appreciation (depreciation):      
Investments (37,242) (19,052) (9,156)
Controlled      
Investment income      
Interest income (excluding Payment-in-kind ("PIK") interest income) 5,800 5,386 9,438
PIK interest income 15,649 15,443 4,516
Dividend income 48,640 45,905 43,149
Non-cash dividend income 6,446 5,303 4,363
Other income 3,392 5,315 7,146
Net realized (losses) gains:      
Investments 2,000 16,413 53,440
Net change in unrealized appreciation (depreciation):      
Investments 336 (18,588) 6,219
New Mountain Net Lease Corporation      
Net realized (losses) gains:      
Investments $ 1,533 $ 0 $ 0