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v3.25.1

Net Assets (Tables) | 3 Months Ended
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Mar. 31, 2025
Equity [Abstract] |
Schedule of Net Assets | The table below illustrates the effect of certain transactions on the net asset accounts of the Company during the three months ended March 31, 2025:
|  |  |  |  |  |  |  |  | Accumulated Undistributed (Overdistributed) Earnings |  |  |  |  |  |
| Common Stock |  |  |  | Paid in Capital in Excess |  | Accumulated Net Investment |  | Accumulated Net Realized |  | Net Unrealized Appreciation |  | Total Net Assets |  | Non- Controlling Interest in |  | Total
| Shares |  | Par Amount |  |  |  | of Par |  | Income |  | (Losses) Gains |  | (Depreciation) |  | of NMFC |  | NMNLC |  | Net Assets
Net assets at December 31, 2024 | 107,851,415 |  |  | $ | 1,079 |  |  |  |  | $ | 1,365,852 |  |  | $ | 181,266 |  |  | $ | (141,279) |  |  | $ | (53,579) |  |  | $ | 1,353,339 |  |  | $ | 5,952 |  |  | $ | 1,359,291 |
Offering costs | — |  |  | — |  |  |  |  | (28) |  |  | — |  |  | — |  |  | — |  |  | (28) |  |  | — |  |  | (28) |
Distributions declared | — |  |  | — |  |  |  |  | — |  |  | (34,512) |  |  | — |  |  | — |  |  | (34,512) |  |  | (90) |  |  | (34,602) |
Net increase (decrease) in net assets resulting from operations | — |  |  | — |  |  |  |  | — |  |  | 34,524 |  |  | 37,825 |  |  | (48,936) |  |  | 23,413 |  |  | 104 |  |  | 23,517 |
Net assets at March 31, 2025 | 107,851,415 |  |  | $ | 1,079 |  |  |  |  | $ | 1,365,824 |  |  | $ | 181,278 |  |  | $ | (103,454) |  |  | $ | (102,515) |  |  | $ | 1,342,212 |  |  | $ | 5,966 |  |  | $ | 1,348,178 |
The table below illustrates the effect of certain transactions on the net asset accounts of the Company during the three months ended March 31, 2024:
|  |  |  |  |  |  |  |  | Accumulated Undistributed (Overdistributed) Earnings |  |  |  |  |  |
| Common Stock |  |  |  | Paid in Capital in Excess |  | Accumulated Net Investment |  | Accumulated Net Realized (Losses) |  | Net Unrealized Appreciation |  | Total Net Assets |  | Non-Controlling Interest in |  | Total
| Shares |  | Par Amount |  |  |  | of Par |  | Income |  | Gains |  | (Depreciation) |  | of NMFC |  | NMNLC |  | Net Assets
Net assets at December 31, 2023 | 102,558,859 |  |  | $ | 1,026 |  |  |  |  | $ | 1,331,269 |  |  | $ | 150,407 |  |  | $ | (100,015) |  |  | $ | (62,736) |  |  | $ | 1,319,951 |  |  | $ | 11,772 |  |  | $ | 1,331,723 |
Issuances of common stock | 3,730,434 |  |  | 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, 2024 | 106,289,293 |  |  | $ | 1,063 |  |  |  |  | $ | 1,379,070 |  |  | $ | 149,467 |  |  | $ | (111,845) |  |  | $ | (60,823) |  |  | $ | 1,356,932 |  |  | $ | 12,251 |  |  | $ | 1,369,183 |

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