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Consolidated Statements of Assets and Liabilities - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Investments at fair value $ 3,000,696 [1] $ 3,091,024 [2]
Securities purchased under collateralized agreements to resell (cost of $30,000 and $30,000, respectively) 13,500 13,500
Cash and cash equivalents 57,390 80,320
Interest and dividend receivable 43,156 42,379
Derivative asset at fair value 5,718 0
Receivable from unsettled securities sold 4,386 0
Other assets 34,453 19,265
Total assets 3,159,712 3,246,701
Borrowings    
Unsecured Notes 989,987 978,503
SBA-guaranteed debentures 262,500 300,000
2022 Convertible Notes 258,811 260,091
Deferred financing costs (net of accumulated amortization of $45,690 and $63,971, respectively) (21,103) (24,191)
Net borrowings 1,767,630 1,836,710
Payable for unsettled securities purchased 29,562 0
Interest payable 15,561 17,109
Payable to broker 13,900 3,230
Management fee payable 9,759 10,467
Incentive fee payable 5,384 8,625
Deferred tax liability 1,453 1,410
Derivative liability at fair value 1,424 7,423
Total liabilities 1,847,876 1,887,410
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, 107,851,929 and 107,851,415 shares issued, respectively, and 106,926,713 and 107,851,415 shares outstanding, respectively 1,079 1,079
Paid in capital in excess of par 1,365,838 1,365,852
Treasury stock at cost, 925,216 and 0 shares held, respectively (9,642) 0
Accumulated undistributed earnings (51,416) (13,592)
Total net assets of New Mountain Finance Corporation 1,305,859 1,353,339
Non-controlling interest in New Mountain Net Lease Corporation 5,977 5,952
Total net assets 1,311,836 1,359,291
Total liabilities and net assets $ 3,159,712 $ 3,246,701
Number of shares outstanding (in shares) 106,926,713 107,851,415
Net asset value per share of new mountain finance corporation (in dollars per share) $ 12.21 $ 12.55
Holdings Credit Facility    
Borrowings    
Credit facility $ 246,063 $ 294,363
NMFC Credit Facility    
Borrowings    
Credit facility 31,372 27,944
Affiliates    
Assets    
Receivable from affiliates 413 213
Nonrelated parties    
Borrowings    
Other liabilities 3,203 2,436
Non-controlled/Non-affiliated    
Assets    
Investments at fair value 2,227,265 2,277,352
Non-controlled/Affiliated    
Assets    
Investments at fair value 102,983 112,776
Controlled    
Assets    
Investments at fair value $ 670,448 $ 700,896
[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.