UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

 

Under the Securities Exchange Act of 1934
(Amendment No. 13)*

 

NEW MOUNTAIN FINANCE CORPORATION
(Name of Issuer)
 
Common Stock, par value $0.01 per share
(Title of Class of Securities)
 
647551100
(CUSIP Number)
 
Steven B. Klinsky
New Mountain Finance Corporation
1633 Broadway, 48th Floor
New York, NY 10019
(212) 720-0300
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
 
November 22, 2024
(Date of Event Which Requires Filing of This Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box: [   ]

 

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

 

SCHEDULE 13D/A

 

CUSIP No. 647551100    

 

1

NAME OF REPORTING PERSONS

Steven b. klinsky

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) x

 

3

SEC USE ONLY

 

4

SOURCE OF FUNDS

 

PF

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States of America

 

NUMBER OF 

SHARES 

BENEFICIALLY 

OWNED BY 

EACH 

REPORTING 

PERSON 

WITH

7

SOLE VOTING POWER

 

8,529,496.23*

8

SHARED VOTING POWER

 

1,879,746.00*

9

SOLE DISPOSITIVE POWER

 

8,529,496.23.*

10

SHARED DISPOSITIVE POWER

 

1,879,746.00*

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

10,409,258.23*

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

9.65%

14

TYPE OF REPORTING PERSON

 

IN

 

* Of the shares shown above, the Steven B. Klinsky 2008 Long Term Trust holds 859,479.00 shares, the Steven B. Klinsky Non-GST Exempt Trust holds 1,020,267.00 shares, the Steven B, Klinsky 2024 Revocable Trust (“2024 Trust 1”) holds 4,116,922.00 shares, and the Steven B, Klinsky 2024 Revocable Trust (“2024 Trust 2”) holds 3,457,379.00 shares. Mr. Klinsky is the sole trustee of 2024 Trust 1 and 2024 Trust 2. Of the shares shown above, an immediate family member of the Reporting Persons hold 16.00 shares, which the Reporting Persons disclaim beneficial ownership of except to the extent of their pecuniary interest therein.

 

 

 

 

SCHEDULE 13D/A

 

CUSIP No. 647551100    

 

1

NAME OF REPORTING PERSONS

Steven b. klinsky 2008 long term trust

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) x

 

3

SEC USE ONLY

 

4

SOURCE OF FUNDS

 

OO

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States of America

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH

7

SOLE VOTING POWER

 

0

8

SHARED VOTING POWER

 

859,479.00

9

SOLE DISPOSITIVE POWER

 

0

10

SHARED DISPOSITIVE POWER

 

859,479.00

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

859,479.00

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 

¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0.80%

14

TYPE OF REPORTING PERSON

 

OO

 

 

 

 

SCHEDULE 13D/A

 

CUSIP No. 647551100    

 

1

NAME OF REPORTING PERSONS

Steven b. klinsky Non-gst exempt trust

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) x

 

3

SEC USE ONLY

 

4

SOURCE OF FUNDS

 

OO

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States of America

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH 

7

SOLE VOTING POWER

 

0

8

SHARED VOTING POWER

 

1,020,267.00

9

SOLE DISPOSITIVE POWER

 

0

10

SHARED DISPOSITIVE POWER

 

1,020,267.00

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,020,267.00

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 

¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0.95%

14

TYPE OF REPORTING PERSON

 

OO

 

 

 

 

SCHEDULE 13D/A

 

CUSIP No. 647551100    

 

1

NAME OF REPORTING PERSONS

Steven b. klinsky 2024 revocable trust (2024 Trust 1)

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) x

 

3

SEC USE ONLY

 

4

SOURCE OF FUNDS

 

OO

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States of America

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH 

7

SOLE VOTING POWER

 

4,116,922.00

8

SHARED VOTING POWER

 

0

9

SOLE DISPOSITIVE POWER

 

4,116,922.00

10

SHARED DISPOSITIVE POWER

 

0

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

4,116,922.00

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 

¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

3.82%

14

TYPE OF REPORTING PERSON

 

OO

 

 

 

 

SCHEDULE 13D/A

 

CUSIP No. 647551100    

 

1

NAME OF REPORTING PERSONS

Steven b. klinsky 2024 revocable trust (2024 Trust 2)

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) x

 

3

SEC USE ONLY

 

4

SOURCE OF FUNDS

 

OO

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

 ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States of America

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH 

7

SOLE VOTING POWER

 

3,457,379.00

8

SHARED VOTING POWER

 

0

9

SOLE DISPOSITIVE POWER

 

3,457,379.00

10

SHARED DISPOSITIVE POWER

 

0

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

3,457,379.00

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 

¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

3.21%

14

TYPE OF REPORTING PERSON

 

OO

 

 

 

 

SCHEDULE 13D/A

 

CUSIP No. 647551100    

 

1

NAME OF REPORTING PERSONS

ADam b. weinstein

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) x

 

3

SEC USE ONLY

 

4

SOURCE OF FUNDS

 

OO, PF

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

 ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States of America

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH

7

SOLE VOTING POWER

 

552,534.50

8

SHARED VOTING POWER

 

0

9

SOLE DISPOSITIVE POWER

 

552,534.50

10

SHARED DISPOSITIVE POWER

 

0

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

552,534.50

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 

¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0.512%

14

TYPE OF REPORTING PERSON

 

IN

 

 

 

 

Item 1.Security and Issuer

 

This Amendment No. 13 amends and supplements the statement on Schedule 13D, filed on May 31, 2011, as amended by Amendment No. 1 thereto filed on August 9, 2011, Amendment No. 2 thereto filed on October 3, 2012, Amendment No. 3 thereto filed on October 23, 2012, Amendment No. 4 thereto filed March 28, 2013, Amendment No. 5 thereto filed on June 28, 2013, Amendment No. 6 thereto filed on July 18, 2013, Amendment No. 7 thereto filed on November 1, 2013, Amendment No. 8 thereto filed on February 18, 2014, Amendment No. 9 filed on October 15, 2015, Amendment No. 10 filed on March 4, 2016, Amendment No. 11 filed on November 1, 2019, and Amendment No. 12 filed on June 5, 2020 (collectively, the “Schedule 13D”), initially filed by New Mountain Investments III, L.L.C., a Delaware limited liability company, New Mountain Guardian AIV, L.P., a Delaware limited partnership, New Mountain Finance AIV Holdings Corporation, a Delaware corporation (“AIV Holdings”), New Mountain Guardian Partners, L.P. , a Delaware limited partnership (“Guardian Partners”), New Mountain Guardian GP, L.L.C., a Delaware limited liability company (“Guardian GP”), Steven B. Klinsky, the Steven B. Klinsky Trust, the Steven B. Klinsky Non-GST Exempt Trust, and Adam J. Collins with respect to the common stock, par value $0.01 per share (“Common Stock”), of New Mountain Finance Corporation, a Delaware corporation (the “Issuer”). Capitalized terms used herein but not defined shall have the meanings ascribed thereto in the Schedule 13D.  Except as herein amended or supplemented, all other information in the Schedule 13D is as set forth therein. The address of the principal executive offices of the Issuer is 1633 Broadway, 48th Floor, New York, NY 10019.

 

Item 2.Identity and Background

 

Items 2(a) – (f) of Schedule 13D are hereby amended and restated in their entirety as follows:

 

(a) - (c) and (f).  This Statement is being filed by Steven B. Klinsky, the Steven B. Klinsky 2008 Long Term Trust (the “2008 Trust”), the Steven B. Klinsky Non-GST Exempt Trust (the “Exempt Trust”), the Steven B. Klinsky 2024 Revocable Trust (the “2024 Trust 1”), the Steven B. Klinsky 2024 Revocable Trust (the “2024 Trust 2”), and Adam B. Weinstein (collectively, the “Reporting Persons”).1

 

Mr. Klinsky is principally engaged in the business of serving as the Chief Executive Officer of New Mountain Capital Group L.P. (“New Mountain Capital”) and is the Chairman of the Board of Directors of the Issuer. Mr. Klinsky is a citizen of the United States of America.

 

Each of the 2008 Trust, the Exempt Trust, the 2024 Trust 1, and the 2024 Trust 2 is a New York trust. Mr. Klinsky is the investment trustee and Maureen Ann Sherry Klinsky is the trustee of the 2008 Trust and the Exempt Trust. Mr. Klinsky is the trustee of the 2024 Trust 1 and the 2024 Trust 2.

 

 

 

1 Neither the present filing nor anything contained herein shall be construed as an admission that (i) any Reporting Person constitutes a “person” for any purposes other than Section 13(d) of the Act, (ii) any of the Reporting Persons are, for purposes of Section 13(d) or Section 16 of the Act or otherwise, a member of a group, or (iii) any of the Reporting Persons are, for the purposes of Sections 13(d) of the Act, the beneficial owner of any securities other than securities directly owned by such Reporting Persons.

 

 

 

 

Mr. Weinstein is a Managing Director of New Mountain Capital and is a citizen of the United States of America.

 

The principal business address of each of the Reporting Persons is 1633 Broadway, 48th Floor, New York, NY 10019.

 

The Reporting Persons have entered into a joint filing agreement, dated as of October 15, 2015, a copy of the which was attached as Exhibit 99.1 to Amendment No. 9 on October 15, 2015.

 

(d) – (e).  None of the Reporting Persons during the last five years has been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors) or was party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which any such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

 

Item 3.Source and Amount of Funds or Other Consideration.

 

Item 3 of the Schedule 13D is hereby amended to add the following:

 

Since June 5, 2020 through November 25, 2024, Steven B. Klinsky, the 2008 Trust, the Exempt Trust, the 2024 Trust 1, and the 2024 Trust 2 acquired, either in open market purchases or through the Issuer’s dividend reinvestment plan, an aggregate of 1,719,077.26 shares of the Issuer’s Common Stock using Mr. Klinsky personal funds, which were not borrowed or otherwise obtained for the purpose of acquiring the Issuer’s Common Stock.

 

Since June 5, 2020 through November 25, 2024, Adam B. Weinstein acquired, either in open market purchases or through the Issuer’s dividend reinvestment plan, an aggregate of 313,376.50 shares of the Issuer’s Common Stock using Mr. Weinstein’s personal funds, which were not borrowed or otherwise obtained for the purpose of acquiring the Issuer’s Common Stock.

 

Item 4.Purpose of Transaction.

 

Item 4 of the Schedule 13D is hereby amended to add the following:

 

Mr. Klinsky, the 2008 Trust, the Exempt Trust, the 2024 Trust 1, the 2024 Trust 2, and Mr. Weinstein purchased the shares of Common Stock based on the belief that the shares of Common Stock, when purchased, represented an attractive investment opportunity.

 

Item 5.Interest in Securities of the Issuer

 

Items 5(a) – 5(e) of the Schedule 13D are hereby amended and restated in their entirety as follows:

 

(a) The aggregate number and percentage of the class of securities identified pursuant to Item 1 beneficially owned by each Reporting Person is stated in Items 11 and 13 on the cover page(s) hereto.

 

(b) The number of shares as to which the Reporting Person has sole power to vote or dispose of is stated in Items 7 and 9 on the cover page(s) hereto.

 

(c) Other than the open market purchases of the shares of the Issuer’s Common Stock by Mr. Weinstein and Mr. Klinsky described below, there have been no transactions in the Issuer’s Common Stock effected by the Reporting Persons during the past 60 days.

 

 

 

 

Name of Purchaser       Date       Number of
Shares
 
    Price Per Share       Aggregate
Purchase Price
 
2024 Trust 1       November 22, 2024       24,480       $   11.7102       $   286,665.696  
                     
Steven B. Klinsky
2008 Long Term Trust  
    November 22, 2024       12,241       $   11.7102       $   143,344.5582  
                     
2024 Trust 1       November 21, 2024       36,118       $   11.5872       $   418,506.4896  
                     
Steven B. Klinsky
2008 Long Term Trust  
    November 21, 2024       18,059       $   11.5872       $   209,253.2448  
                     
2024 Trust 1       November 20, 2024       23,245       $   11.5084       $   267,512.758  
                     
Steven B. Klinsky
2008 Long Term Trust  
    November 20, 2024       11,622       $   11.5084       $   133,750.6248  
                     
2024 Trust 1       November 19, 2024       36,541       $   11.6271       $   424,865.8611  
                     
Steven B. Klinsky 2008
Long Term Trust  
    November 19, 2024       18,270       $   11.6271       $   212,427.117  
                     
2024 Trust 1       November 18, 2024       30,307       $   11.5214       $   349,179.0698  
                     
Steven B. Klinsky
2008 Long Term Trust  
    November 18, 2024       15,154       $   11.5214       $   174,595.2956  
                     
2024 Trust 1       November 15, 2024       34,505       $   11.5572       $   398,781.186  
                     
Steven B. Klinsky
2008 Long Term Trust  
    November 15, 2024       17,253       $   11.5572       $   199,396.3716  
                     
2024 Trust 1       November 14, 2024       30,167       $   11.5523       $   348,498.2341  
                     
Steven B. Klinsky
2008 Long Term Trust  
    November 14, 2024       15,083       $   11.5523       $   174,243.3409  
                     
2024 Trust 1       November 13, 2024       63,461       $   11.5956       $   735,868.3716  
                     
Steven B. Klinsky
2008 Long Term Trust  
    November 13, 2024       31,730       $   11.5956       $   367,928.388  
                     
2024 Trust 1       November 12, 2024       38,108       $   11.4122       $   434,896.1176  
                     
Steven B. Klinsky
2008 Long Term Trust  
    November 12, 2024       19,054       $   11.4122       $   217,448.0588  
                     
2024 Trust 1       November 11, 2024       49,907       $   11.358       $   566,843.706  
                     
Steven B. Klinsky
2008 Long Term Trust  
    November 11, 2024       24,954       $   11.358       $   283,427.532  
                     
2024 Trust 1       November 8, 2024       77,850       $   11.2613       $   876,692.205  

 

 

 

 

Steven B. Klinsky
2008 Long Term Trust  
    November 8, 2024       38,925       $   11.2613       $   438,346.1025  
                     
2024 Trust 1       November 7, 2024       39,907       $   11.091       $   442,608.537  
                     
Steven B. Klinsky
2008 Long Term Trust  
    November 7, 2024       19,953       $   11.091       $   221,298.723  
                     
2024 Trust 1       November 6, 2024       100,406       $   10.8735       $   1,091,764.641  
                     
Steven B. Klinsky
2008 Long Term Trust  
    November 6, 2024       50,203       $   10.8735       $   545,882.3205  
                     
2024 Trust 1       November 5, 2024       93,381       $   10.6801       $   997,318.4181  
                     
Steven B. Klinsky
2008 Long Term Trust  
    November 5, 2024       46,690       $   10.6801       $   498,653.869  
                     
Adam Weinstein       November 4, 2024       45,000       $   10.873       $   489,285  
                     
2024 Trust 1       November 4, 2024       22,391       $   10.7964       $   241,742.1924  
                     
Steven B. Klinsky
2008 Long Term Trust  
    November 4, 2024       11,195       $   10.7964       $   120,865.698  

 

(d) Of the shares of Common Stock described in this Schedule 13D, 16 shares are held directly by an immediate family member of the Reporting Persons. The Reporting Person disclaim beneficial ownership of these shares except to the extent of their pecuniary interest therein. The immediate family member has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock of the Issuer that they hold directly.

 

(e) Not applicable

 

 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Dated:  November 26, 2024
  Steven B. Klinsky
   
  By: /s/ Steven B. Klinsky
    Name: Steven B. Klinsky
   
   
  STEVEN B. KLINKSY 2008 LONG-TERM TRUST
   
  By: /s/ Steven B. Klinsky
    Name: Steven B. Klinsky
    Title: Authorized Person
   
  STEVE B. KLINKSY NON-GST EXEMPT TRUST
   
  By: /s/ Steven B. Klinsky
    Name: Steven B. Klinsky
    Title: Authorized Person
   
  STEVE B. KLINKSY 2024 REVOCABLE TRUST (2024 Trust 1)
   
  By: /s/ Steven B. Klinsky
  Name: Steven B. Klinsky
  Title: Authorized Person
   
  STEVE B. KLINKSY 2024 REVOCABLE TRUST (2024 Trust 2)
   
  By: /s/ Steven B. Klinsky
  Name: Steven B. Klinsky
  Title: Authorized Person
   
  Adam B. Weinstein
   
  By: /s/ Adam B. Weinstein
    Name: Adam B. Weinstein