New Mountain Finance Corporation (NYSE: NMFC) is a closed-end, non-diversified management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. New Mountain Finance Corporation intends to be taxed as a regulated investment company under Subchapter M of the Internal Revenue Code.
Our assets are externally managed by our Investment Adviser. Our investment objective is to generate current income and capital appreciation through investments in debt securities at all levels of the capital structure, including first and second lien debt, unsecured notes and mezzanine securities. In some cases, our investments may also include equity interests. Our primary focus is in the debt of high quality, defensive growth companies, which are defined as generally exhibiting the following characteristics: (i) sustainable secular growth drivers, (ii) high barriers to competitive entry, (iii) high free cash flow after capital expenditure and working capital needs, (iv) high returns on assets and (v) niche market dominance.