New Mountain Finance Corporation Appoints Kris Corbett as Chief Financial Officer
Quarter Ended Sep 30, 2023
For complete information regarding our financials, see our periodic filings
Net asset value (“NAV”) per share was $13.06
Net Investment Income of $0.40 per share
Third quarter distribution of $0.36 per share
Portfolio had a fair value of $3,128.4 million
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)
|Software - ERP||8%|
|Software - IT Infrastructure & Security||8%|
|Tech Enabled Healthcare||6%|
|Engineering & Consulting Services||5%|
|Real Estate Services||5%|
|Human Capital Management||4%|
|Business Services (misc.)||3%|
FMV as of September 30, 2023
For complete information regarding our financials, see our periodic filings.
NMFC's mandate is to achieve superior risk-adjusted returns despite economic volatility.
Since IPO, we have invested $9.2bn and generated $15m of realized gains (net of realized losses) while paying out ~$1.1bn in dividends.
BDC Index (78%) CS High Yield Index (75%)
Consistent history of attractive dividends fully covered by NII
NMFC's largest shareholder group are employees (13% + s/o)1
Dividend protection program remains in place
Starting Q1 2023, NMFC commenced a formal supplemental dividend program
1Includes members of senior management and other New Mountain employees; excludes independent directors; ownership % based on total shares outstanding on 9/30/2023
New Mountain Finance Corporation
New York, NY 10019
T: (212) 220-3393
American Stock Transfer and Trust Company
6201 15th Ave
Brooklyn, NY 11219