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Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Investment income    
PIK interest income $ 7,588 $ 9,654
Non-cash dividend income 8,188 7,424
Total investment income 85,663 90,556
Expenses    
Interest and other financing expenses 31,374 31,016
Management fee 10,233 10,997
Incentive fee 8,247 9,389
Professional fees 1,389 1,067
Administrative expenses 1,104 968
Other general and administrative expenses 516 465
Total expenses 52,863 53,902
Less: management and incentive fees waived (See Note 5) (1,822)  
Net expenses 51,041 53,001
Net investment income before income taxes 34,622 37,555
Income tax (benefit) expense (19) 1
Net investment income 34,641 37,554
Net realized (losses) gains:    
Investments 37,825 (11,827)
Net change in unrealized appreciation (depreciation):    
Investments (49,077) 3,017
Foreign currency 150 (23)
Provision for taxes (22) (637)
Net realized and unrealized losses (11,124) (9,470)
Net increase in net assets resulting from operations 23,517 28,084
Less: Net increase in net assets resulting from operations related to non-controlling interest in New Mountain Net Lease Corporation (104) (676)
Net increase in net assets resulting from operations related to New Mountain Finance Corporation $ 23,413 $ 27,408
Basic earnings per share (in dollars per share) $ 0.22 $ 0.26
Weighted average shares of common stock outstanding - basic (in shares) 107,851,415 103,660,370
Diluted earnings per share (in dollars per share) $ 0.22 $ 0.26
Weighted average shares of common stock outstanding - diluted (in shares) 126,852,911 122,443,478
Distributions declared per share (in dollars per share) $ 0.32 $ 0.36
Distributions paid per share (in dollars per share) $ 0.32 $ 0.36
Non-controlled/Non-affiliated    
Investment income    
Interest income (excluding Payment-in-kind ("PIK") interest income) $ 52,113 $ 56,237
PIK interest income 2,913 4,683
Dividend income 557 293
Non-cash dividend income 4,434 4,684
Other income 1,312 1,600
Net realized (losses) gains:    
Investments (1,074) (11,858)
Net change in unrealized appreciation (depreciation):    
Investments 4,206 23,160
Non-controlled/Affiliated    
Investment income    
Interest income (excluding Payment-in-kind ("PIK") interest income) 331 368
PIK interest income 987 836
Non-cash dividend income 1,683 1,244
Other income 63 63
Net change in unrealized appreciation (depreciation):    
Investments (4,891) (22,463)
Controlled    
Investment income    
Interest income (excluding Payment-in-kind ("PIK") interest income) 1,485 1,361
PIK interest income 3,688 4,135
Dividend income 12,198 12,683
Non-cash dividend income 2,071 1,496
Other income 1,828 873
Net realized (losses) gains:    
Investments 38,899 31
Net change in unrealized appreciation (depreciation):    
Investments $ (48,392) $ 2,320