New Mountain Finance Corporation

New Mountain Finance Corporation (NMFC) is a business development company (BDC) that primarily invests in and lends to middle-market companies operating in what it terms 'defensive growth' industries. The firm focuses on directly originated investments, including first and second lien debt, unsecured notes, mezzanine securities, and occasionally equity interests. NMFC targets companies with EBITDA between $10 million and $200 million, with individual investments ranging from $10 million to $125 million. Its portfolio spans sectors such as energy, healthcare services, life sciences, enterprise software, financial services, and business services, among others. The fund seeks to generate income and capital appreciation through a combination of interest income and equity upside.

New Mountain Finance Corporation (NMFC) is listed on the Nasdaq Global Select Market (NasdaqGS) under the ticker symbol NMFC. Its shares are traded in US Dollars (USD), reflecting its primary operations and investor base in the United States. As a business development company, NMFC is subject to regulatory requirements under the Investment Company Act of 1940, and its listing on a major US exchange provides liquidity and transparency for shareholders.

New Mountain Finance Corporation (NMFC) operates in the Financial Services sector, specifically within the Asset Management industry. As a business development company (BDC), its core business involves managing a diversified portfolio of debt and equity investments in middle-market companies. BDCs like NMFC are regulated entities that provide capital to smaller, often private companies, and they typically distribute a significant portion of their income to shareholders as dividends. The asset management industry encompasses firms that pool capital from investors and allocate it across various asset classes, and NMFC focuses on direct lending and private equity-style investments.

New Mountain Finance Corporation (NMFC) primarily invests in companies based in the United States. Its investment strategy targets middle-market businesses across the country, with a focus on 'defensive growth' industries that exhibit resilient demand characteristics. The firm does not have a specific regional concentration within the US but seeks opportunities nationwide. As a US-domiciled BDC, NMFC's portfolio is predominantly composed of domestic investments, and it does not have significant exposure to international markets. This geographic focus aligns with its expertise in the US middle-market lending landscape.

New Mountain Finance Corporation (NMFC) generates revenue primarily through interest income from its debt investments, which include first and second lien loans, unsecured notes, and mezzanine securities. These debt instruments typically carry fixed or floating interest rates, providing a steady stream of income. Additionally, NMFC may earn fee income from origination, commitment, and advisory services. The firm also benefits from capital gains on equity investments and warrants, which can enhance total returns. As a business development company, NMFC is required to distribute at least 90% of its taxable income to shareholders, making dividend payments a key component of its business model. The fund's investment strategy focuses on companies with stable cash flows and defensive growth characteristics, aiming to generate consistent, risk-adjusted returns.