New Mountain Finance Corporation (NMFC)

Latest News

View All News

Oct 30, 2024 • 4:10 PM EDT

New Mountain Finance Corporation Announces Financial Results for the Quarter Ended September 30, 2024

View Press Release

Oct 30, 2024 • 4:10 PM EDT

New Mountain Finance Corporation Announces Financial Results for the Quarter Ended September 30, 2024

View Press Release

Oct 28, 2024 • 4:49 PM EDT

New Mountain Finance Corporation Announces the Extension of its Stock Repurchase Program

View Press Release

Oct 1, 2024 • 4:15 PM EDT

New Mountain Finance Corporation Schedules its Third Quarter 2024 Earnings Release and Conference Call

View Press Release

Sep 23, 2024 • 6:26 PM EDT

New Mountain Finance Corporation Prices Public Offering of $300 Million 6.200% Notes Due 2027

View Press Release

Jul 31, 2024 • 5:02 PM EDT

New Mountain Finance Corporation Announces Financial Results for the Quarter Ended June 30, 2024

View Press Release

Jul 1, 2024 • 4:05 PM EDT

New Mountain Finance Corporation Schedules its Second Quarter 2024 Earnings Release and Conference Call

View Press Release

May 1, 2024 • 5:00 PM EDT

New Mountain Finance Corporation Announces Financial Results for the Quarter Ended March 31, 2024

View Press Release

Apr 3, 2024 • 4:05 PM EDT

New Mountain Finance Corporation Schedules its First Quarter 2024 Earnings Release and Conference Call

View Press Release

Feb 26, 2024 • 4:35 PM EST

New Mountain Finance Corporation Announces Financial Results for the Quarter and Year Ended December 31, 2023

View Press Release

Latest Financial Results

Q3 2024

Quarter Ended Sep 30, 2024

Earnings Release

HTML PDF

Earnings Webcast

Audio

10-Q

HTML PDF

Presentation

PDF

For complete information regarding our financials, see our periodic filings

$12.62

Net asset value (“NAV”) per share was $12.62

$0.34

Net Investment Income of $0.34 per share

$0.33

Third quarter distribution of $0.33 per share

$3,278.8M

Portfolio had a fair value of $3,278.8 million

NMFC At a Glance

Overview

$3.3B Portfolio Size

Large, diversified portfolio across 128 portfolio companies.

16 Year History

5/19/2011 IPO date.

Baa3/Stable Moody's Credit Rating

Stable long term credit rating.

Best-in-class credit quality

97% Green Portfolio Risk Rating

Represents best risk rating measured by performance and business quality.

41% Avg. Loan to Value

Represents our debt securities percentage of the total enterprise value at close of each transaction.

13bps Annual Net Realized Loss Rate

Average realized loss rate since IPO.

Strong Return Profile

12% Annual Div. Yield

Based on NMFC's closing price of $11.44 per share on 10/28/2024

10% Annual Return Since IPO

Annualized cash-on-cash return to a shareholder since IPO

86% Floating Rate Loans

Well positioned for a changing rate environment.

As of September 30, 2024
For complete information regarding these metrics, please refer to our latest earnings presentation.

Defensive Growth Strategy

NMFC focuses on acyclical, defensive growth-oriented industries where New Mountain has deep expertise.

Our dedicated credit team leverages the in-house resources of the broader New Mountain platform including a deep bench of over 100 industry executives.

Top 10 Industries (at FMV)

Industry	Percentage
Healthcare Services	10%
ERP	8%
IT Infrastructure & Security	7%
Consumer Services	7%
Education	7%
Healthcare Software	6%
Human Capital Management	5%
Engineering & Consulting Services	5%
Real Estate Services	5%
Ecommerce & Logistics	4%

FMV as of September 30, 2024
For complete information regarding our financials, see our periodic filings.

Proven Track Record

NMFC's mandate is to achieve superior risk-adjusted returns despite economic volatility.

Since IPO, we have invested over $10.0bn and only realized losses of $71m (net of realized gains) while paying out over $1.3bn in dividends.

Consistent Outperformance

250.3%

Total return since IPO

BDC Index (117.4%) CS High Yield Index (104.7%)

Stable Income Opportunity

>$1.3bn

Dividends paid since IPO

Consistent history of attractive dividends fully covered by NII

As of September 30, 2024

For complete information regarding these metrics, please refer to our latest earnings presentation.

Shareholder Alignment

NMFC's largest shareholder group are employees (12% + s/o)¹

Dividend protection program remains in place

¹Includes members of senior management and other New Mountain employees; excludes independent directors; ownership % based on total shares outstanding on 9/30/2024

Stock Information