0001496099FALSE--12-312023Q300014960992023-01-012023-09-3000014960992023-11-02xbrli:shares0001496099us-gaap:InvestmentUnaffiliatedIssuerMember2023-09-30iso4217:USD0001496099us-gaap:InvestmentUnaffiliatedIssuerMember2022-12-310001496099us-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2023-09-300001496099us-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2022-12-310001496099us-gaap:InvestmentAffiliatedIssuerControlledMember2023-09-300001496099us-gaap:InvestmentAffiliatedIssuerControlledMember2022-12-3100014960992023-09-3000014960992022-12-310001496099nmfc:HoldingsCreditFacilityMember2023-09-300001496099nmfc:HoldingsCreditFacilityMember2022-12-310001496099nmfc:NMFCCreditFacilityMember2023-09-300001496099nmfc:NMFCCreditFacilityMember2022-12-310001496099nmfc:DBCreditFacilityMember2023-09-300001496099nmfc:DBCreditFacilityMember2022-12-310001496099nmfc:NMNLCCreditFacilityIIMember2023-09-300001496099nmfc:NMNLCCreditFacilityIIMember2022-12-310001496099srt:AffiliatedEntityMember2023-09-300001496099srt:AffiliatedEntityMember2022-12-310001496099us-gaap:NonrelatedPartyMember2023-09-300001496099us-gaap:NonrelatedPartyMember2022-12-31iso4217:USDxbrli:shares0001496099us-gaap:InvestmentUnaffiliatedIssuerMember2023-07-012023-09-300001496099us-gaap:InvestmentUnaffiliatedIssuerMember2022-07-012022-09-300001496099us-gaap:InvestmentUnaffiliatedIssuerMember2023-01-012023-09-300001496099us-gaap:InvestmentUnaffiliatedIssuerMember2022-01-012022-09-300001496099us-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2023-07-012023-09-300001496099us-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2022-07-012022-09-300001496099us-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2023-01-012023-09-300001496099us-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2022-01-012022-09-300001496099us-gaap:InvestmentAffiliatedIssuerControlledMember2023-07-012023-09-300001496099us-gaap:InvestmentAffiliatedIssuerControlledMember2022-07-012022-09-300001496099us-gaap:InvestmentAffiliatedIssuerControlledMember2023-01-012023-09-300001496099us-gaap:InvestmentAffiliatedIssuerControlledMember2022-01-012022-09-3000014960992023-07-012023-09-3000014960992022-07-012022-09-3000014960992022-01-012022-09-300001496099us-gaap:NoncontrollingInterestMember2023-07-012023-09-300001496099us-gaap:NoncontrollingInterestMember2022-07-012022-09-300001496099us-gaap:NoncontrollingInterestMember2023-01-012023-09-300001496099us-gaap:NoncontrollingInterestMember2022-01-012022-09-300001496099us-gaap:ParentMember2023-07-012023-09-300001496099us-gaap:ParentMember2022-07-012022-09-300001496099us-gaap:ParentMember2023-01-012023-09-300001496099us-gaap:ParentMember2022-01-012022-09-300001496099us-gaap:ParentMember2023-06-300001496099us-gaap:ParentMember2022-06-300001496099us-gaap:ParentMember2022-12-310001496099us-gaap:ParentMember2021-12-310001496099us-gaap:ParentMember2023-09-300001496099us-gaap:ParentMember2022-09-300001496099us-gaap:NoncontrollingInterestMember2023-09-300001496099us-gaap:NoncontrollingInterestMember2022-09-3000014960992022-09-300001496099nmfc:InvestmentsIncludingDelayedDrawFacilitiesMember2023-01-012023-09-300001496099nmfc:InvestmentsIncludingDelayedDrawFacilitiesMember2022-01-012022-09-300001496099nmfc:InvestmentsExcludingDrawnRevolversMember2023-01-012023-09-300001496099nmfc:InvestmentsExcludingDrawnRevolversMember2022-01-012022-09-300001496099nmfc:DrawnRevolvingCreditFacilitiesMember2023-01-012023-09-300001496099nmfc:DrawnRevolvingCreditFacilitiesMember2022-01-012022-09-300001496099nmfc:DrawnRevolversMember2023-01-012023-09-300001496099nmfc:DrawnRevolversMember2022-01-012022-09-300001496099nmfc:HoldingsCreditFacilityMember2023-01-012023-09-300001496099nmfc:HoldingsCreditFacilityMember2022-01-012022-09-300001496099nmfc:NMFCCreditFacilityMember2023-01-012023-09-300001496099nmfc:NMFCCreditFacilityMember2022-01-012022-09-300001496099nmfc:DBCreditFacilityMember2023-01-012023-09-300001496099nmfc:DBCreditFacilityMember2022-01-012022-09-300001496099nmfc:NMNLCCreditFacilityIIMember2023-01-012023-09-300001496099nmfc:NMNLCCreditFacilityIIMember2022-01-012022-09-3000014960992021-12-310001496099AAH Topco, LLC, First lien - Drawn 12023-09-30xbrli:pure0001496099AAH Topco, LLC, First lien 12023-09-300001496099AAH Topco, LLC, First lien 22023-09-300001496099AAH Topco, LLC, First lien - Drawn 22023-09-300001496099AAH Topco, LLC, Subordinated 12023-09-300001496099AAH Topco, LLC, Subordinated 22023-09-300001496099nmfc:FundedDebtSecuritiesMembernmfc:AAHTopcoLLCMember2023-09-300001496099PhyNet Dermatology LLC, First lien 12023-09-300001496099PhyNet Dermatology LLC, First lien 22023-09-300001496099nmfc:FundedDebtSecuritiesMembernmfc:PhyNetDermatologyLLCMember2023-09-300001496099Kaseya Inc., First lien2023-09-300001496099Kaseya Inc., First lien - Drawn 12023-09-300001496099Kaseya Inc., First lien - Drawn 22023-09-300001496099nmfc:KaseyaIncMembernmfc:FundedDebtSecuritiesMember2023-09-300001496099Associations, Inc., First lien 12023-09-300001496099Associations, Inc., First lien 22023-09-300001496099Associations, Inc., First lien 32023-09-300001496099Associations, Inc., First lien 42023-09-300001496099Associations, Inc., First lien 52023-09-300001496099nmfc:AssociationsIncMembernmfc:FundedDebtSecuritiesMember2023-09-300001496099GC Waves Holdings, Inc., First lien 12023-09-300001496099GC Waves Holdings, Inc., First lien 22023-09-300001496099GC Waves Holdings, Inc., First lien - Drawn2023-09-300001496099nmfc:FundedDebtSecuritiesMembernmfc:GCWavesHoldingsIncMember2023-09-300001496099GS Acquisitionco, Inc., First lien 12023-09-300001496099GS Acquisitionco, Inc., First lien 22023-09-300001496099nmfc:GSAcquisitioncoIncMembernmfc:FundedDebtSecuritiesMember2023-09-300001496099CentralSquare Technologies, LLC, Second lien 12023-09-300001496099CentralSquare Technologies, LLC, Second lien 22023-09-300001496099nmfc:CentralSquareTechnologiesLLCMembernmfc:FundedDebtSecuritiesMember2023-09-300001496099Brave Parent Holdings, Inc., Second lien 12023-09-300001496099Brave Parent Holdings, Inc., Second lien 22023-09-300001496099Brave Parent Holdings, Inc., Second lien 32023-09-300001496099nmfc:BraveParentHoldingsIncMembernmfc:FundedDebtSecuritiesMember2023-09-300001496099IG Intermediateco LLC, First lien 12023-09-300001496099IG Intermediateco LLC, First lien 22023-09-300001496099IG Intermediateco LLC, Subordinated2023-09-300001496099nmfc:FundedDebtSecuritiesMembernmfc:InfogainCorporationMember2023-09-300001496099iCIMS, Inc., First lien 12023-09-300001496099iCIMS, Inc., First lien 22023-09-300001496099iCIMS, Inc., First lien 32023-09-300001496099iCIMS, Inc., First lien - Drawn2023-09-300001496099nmfc:FundedDebtSecuritiesMembernmfc:ICIMSIncMember2023-09-300001496099Deca Dental Holdings LLC, First lien 12023-09-300001496099Deca Dental Holdings LLC, First lien 22023-09-300001496099Deca Dental Holdings LLC, First lien - Drawn2023-09-300001496099nmfc:DecaDentalHoldingsLLCMembernmfc:FundedDebtSecuritiesMember2023-09-300001496099MRI Software LLC, First lien 12023-09-300001496099MRI Software LLC, First lien 22023-09-300001496099MRI Software LLC, First lien 32023-09-300001496099MRI Software LLC, First lien 42023-09-300001496099MRI Software LLC, First lien 52023-09-300001496099nmfc:FundedDebtSecuritiesMembernmfc:MRISoftwareLLCMember2023-09-300001496099Recorded Future, Inc., First lien 12023-09-300001496099Recorded Future, Inc., First lien 22023-09-300001496099nmfc:FundedDebtSecuritiesMembernmfc:RecordedFutureIncMember2023-09-300001496099Auctane Inc. (fka Stamps.com Inc.), First lien 12023-09-300001496099Auctane Inc. (fka Stamps.com Inc.), First lien 22023-09-300001496099nmfc:FundedDebtSecuritiesMembernmfc:AuctaneIncFkaStampscomIncMember2023-09-300001496099OEConnection LLC, Second lien 12023-09-300001496099OEConnection LLC, Second lien 22023-09-300001496099nmfc:OEConnectionLLCMembernmfc:FundedDebtSecuritiesMember2023-09-300001496099Wealth Enhancement Group, LLC, First lien 12023-09-300001496099Wealth Enhancement Group, LLC, First lien - Drawn2023-09-300001496099Wealth Enhancement Group, LLC, First lien 22023-09-300001496099Wealth Enhancement Group, LLC, First lien 32023-09-300001496099Wealth Enhancement Group, LLC, Subordinated2023-09-300001496099nmfc:WealthEnhancementGroupLLCMembernmfc:FundedDebtSecuritiesMember2023-09-300001496099Foreside Financial Group, LLC, First lien 12023-09-300001496099Foreside Financial Group, LLC, First lien - Drawn2023-09-300001496099Foreside Financial Group, LLC, First lien 22023-09-300001496099nmfc:FundedDebtSecuritiesMembernmfc:ForesideFinancialGroupLLCMember2023-09-300001496099KAMC Holdings, Inc., Second lien 12023-09-300001496099KAMC Holdings, Inc., Second lien 22023-09-300001496099nmfc:FundedDebtSecuritiesMembernmfc:KAMCHoldingsIncMember2023-09-300001496099Diligent Corporation, First lien 12023-09-300001496099Diligent Corporation, First lien 22023-09-300001496099Diligent Corporation, First lien 32023-09-300001496099Diligent Corporation, First lien - Drawn2023-09-300001496099nmfc:FundedDebtSecuritiesMembernmfc:DiligentCorporationMember2023-09-300001496099Granicus, Inc., First lien 12023-09-300001496099Granicus, Inc., First lien 22023-09-300001496099Granicus, Inc., First lien 32023-09-300001496099Granicus, Inc., First lien 42023-09-300001496099Granicus, Inc., First lien - Drawn2023-09-300001496099nmfc:FundedDebtSecuritiesMembernmfc:GranicusIncMember2023-09-300001496099EAB Global, Inc., Second lien2023-09-300001496099IG Investments Holdings, LLC, First lien 12023-09-300001496099IG Investments Holdings, LLC, First lien 22023-09-300001496099nmfc:IGInvestmentsHoldingsLLCMembernmfc:FundedDebtSecuritiesMember2023-09-300001496099TigerConnect, Inc., First lien2023-09-300001496099TigerConnect, Inc., First lien - Drawn2023-09-300001496099nmfc:FundedDebtSecuritiesMembernmfc:TigerConnectIncMember2023-09-300001496099OA Buyer, Inc., First lien 12023-09-300001496099OA Buyer, Inc., First lien 22023-09-300001496099nmfc:OABuyerIncMembernmfc:FundedDebtSecuritiesMember2023-09-300001496099AmeriVet Partners Management, Inc., First lien 12023-09-300001496099AmeriVet Partners Management, Inc., First lien 22023-09-300001496099AmeriVet Partners Management, Inc., First lien - Drawn2023-09-300001496099nmfc:FundedDebtSecuritiesMembernmfc:AmeriVetPartnersManagementIncMember2023-09-300001496099Foundational Education Group, Inc., Second lien 12023-09-300001496099Foundational Education Group, Inc., Second lien 22023-09-300001496099nmfc:FundedDebtSecuritiesMembernmfc:FoundationalEducationGroupIncMember2023-09-300001496099NMC Crimson Holdings, Inc., First lien 12023-09-300001496099NMC Crimson Holdings, Inc., First lien - Drawn2023-09-300001496099NMC Crimson Holdings, Inc., First lien 22023-09-300001496099nmfc:NMCCrimsonHoldingsIncMembernmfc:FundedDebtSecuritiesMember2023-09-300001496099Fortis Solutions Group, LLC, First lien 12023-09-300001496099Fortis Solutions Group, LLC, First lien 22023-09-300001496099Fortis Solutions Group, LLC, First lien 32023-09-300001496099Fortis Solutions Group, LLC, First lien - Drawn2023-09-300001496099Fortis Solutions Group, LLC, First lien 42023-09-300001496099nmfc:FundedDebtSecuritiesMembernmfc:FortisSolutionsGroupLLCMember2023-09-300001496099Syndigo LLC, Second lien 12023-09-300001496099Syndigo LLC, Second lien 22023-09-300001496099nmfc:SyndigoLLCMembernmfc:FundedDebtSecuritiesMember2023-09-300001496099ACI Group Holdings, Inc., First lien 12023-09-300001496099ACI Group Holdings, Inc., First lien 22023-09-300001496099ACI Group Holdings, Inc., First lien - Drawn2023-09-300001496099nmfc:FundedDebtSecuritiesMembernmfc:ACIGroupHoldingsIncMember2023-09-300001496099CRCI Longhorn Holdings, Inc., Second lien 12023-09-300001496099CRCI Longhorn Holdings, Inc., Second lien 22023-09-300001496099nmfc:FundedDebtSecuritiesMembernmfc:CRCILonghornHoldingsIncMember2023-09-300001496099HS Purchaser, LLC / Help/Systems Holdings, Inc., Second lien 12023-09-300001496099HS Purchaser, LLC / Help/Systems Holdings, Inc., Second lien 22023-09-300001496099nmfc:HSPurchaserLLCHelpSystemsHoldingsIncMembernmfc:FundedDebtSecuritiesMember2023-09-300001496099DOCS, MSO, LLC, First lien 12023-09-300001496099DOCS, MSO, LLC, First lien 22023-09-300001496099nmfc:FundedDebtSecuritiesMembernmfc:DOCSMSOLLCMember2023-09-300001496099Idera, Inc., Second lien 12023-09-300001496099Idera, Inc., Second lien 22023-09-300001496099nmfc:FundedDebtSecuritiesMembernmfc:IderaIncMember2023-09-300001496099TMK Hawk Parent, Corp., First lien 12023-09-300001496099TMK Hawk Parent, Corp., First lien 22023-09-300001496099nmfc:TMKHawkParentCorpMembernmfc:FundedDebtSecuritiesMember2023-09-300001496099Xactly Corporation, First lien2023-09-300001496099Spring Education Group, Inc (fka SSH Group Holdings, Inc.), Second lien2023-09-300001496099Bullhorn, Inc., First lien 12023-09-300001496099Bullhorn, Inc., First lien 22023-09-300001496099Bullhorn, Inc., First lien 32023-09-300001496099Bullhorn, Inc., First lien 42023-09-300001496099Bullhorn, Inc., First lien 52023-09-300001496099nmfc:BullhornIncMembernmfc:FundedDebtSecuritiesMember2023-09-300001496099FS WhiteWater Borrower, LLC, First lien 12023-09-300001496099FS WhiteWater Borrower, LLC, First lien - Drawn 12023-09-300001496099FS WhiteWater Borrower, LLC, First lien 22023-09-300001496099FS WhiteWater Borrower, LLC, First lien 32023-09-300001496099FS WhiteWater Borrower, LLC, First lien - Drawn 22023-09-300001496099nmfc:FSWhiteWaterBorrowerLLCMembernmfc:FundedDebtSecuritiesMember2023-09-300001496099YLG Holdings, Inc., First lien 12023-09-300001496099YLG Holdings, Inc., First lien 22023-09-300001496099YLG Holdings, Inc., First lien - Drawn2023-09-300001496099nmfc:FundedDebtSecuritiesMembernmfc:YLGHoldingsIncMember2023-09-300001496099American Achievement Corporation (aka AAC Holding Corp.), First lien 12023-09-300001496099American Achievement Corporation (aka AAC Holding Corp.), First lien 22023-09-300001496099American Achievement Corporation (aka AAC Holding Corp.), Subordinated2023-09-300001496099nmfc:AmericanAchievementCorporationAkaAACHoldingCorpMembernmfc:FundedDebtSecuritiesMember2023-09-300001496099Convey Health Solutions, Inc., First lien 12023-09-300001496099Convey Health Solutions, Inc., First lien 22023-09-300001496099nmfc:FundedDebtSecuritiesMembernmfc:ConveyHealthSolutionsIncMember2023-09-300001496099Cardinal Parent, Inc., First lien2023-09-300001496099Cardinal Parent, Inc., Second lien2023-09-300001496099nmfc:FundedDebtSecuritiesMembernmfc:CardinalParentIncMember2023-09-300001496099MED Parentco, LP, Second lien2023-09-300001496099Notorious Topco, LLC, First lien 12023-09-300001496099Notorious Topco, LLC, First lien 22023-09-300001496099Notorious Topco, LLC, First lien - Drawn 12023-09-300001496099Notorious Topco, LLC, First lien - Drawn 22023-09-300001496099nmfc:FundedDebtSecuritiesMembernmfc:NotoriousTopcoLLCMember2023-09-300001496099Pioneer Buyer I, LLC, First lien 12023-09-300001496099Pioneer Buyer I, LLC, First lien 22023-09-300001496099nmfc:FundedDebtSecuritiesMembernmfc:PioneerBuyerILLCMember2023-09-300001496099Trinity Air Consultants Holdings Corporation, First lien2023-09-300001496099Trinity Air Consultants Holdings Corporation, First lien - Drawn2023-09-300001496099nmfc:FundedDebtSecuritiesMembernmfc:TrinityAirConsultantsHoldingsCorporationMember2023-09-300001496099DG Investment Intermediate Holdings 2, Inc., Second lien2023-09-300001496099Groundworks, LLC, First lien2023-09-300001496099Avalara, Inc., First lien2023-09-300001496099Coyote Buyer, LLC, First lien 12023-09-300001496099Coyote Buyer, LLC, First lien 22023-09-300001496099Coyote Buyer, LLC, First lien - Drawn2023-09-300001496099nmfc:CoyoteBuyerLLCMembernmfc:FundedDebtSecuritiesMember2023-09-300001496099Oranje Holdco, Inc., First lien 12023-09-300001496099Oranje Holdco, Inc., First lien 22023-09-300001496099nmfc:OranjeHoldcoIncMembernmfc:FundedDebtSecuritiesMember2023-09-300001496099Kele Holdco, Inc., First lien2023-09-300001496099Coupa Holdings, LLC, First lien 12023-09-300001496099Coupa Holdings, LLC, First lien 22023-09-300001496099nmfc:FundedDebtSecuritiesMembernmfc:CoupaHoldingsLLCMember2023-09-300001496099New Trojan Parent, Inc., Second lien2023-09-300001496099Daxko Acquisition Corporation, First lien 12023-09-300001496099Daxko Acquisition Corporation, First lien 22023-09-300001496099Daxko Acquisition Corporation, First lien - Drawn2023-09-300001496099nmfc:FundedDebtSecuritiesMembernmfc:DaxkoAcquisitionCorporationMember2023-09-300001496099Castle Management Borrower LLC, First lien2023-09-300001496099IMO Investor Holdings, Inc., First lien2023-09-300001496099IMO Investor Holdings, Inc., First lien - Drawn 12023-09-300001496099IMO Investor Holdings, Inc., First lien - Drawn 22023-09-300001496099nmfc:IMOInvestorHoldingsIncMembernmfc:FundedDebtSecuritiesMember2023-09-300001496099Alegeus Technologies Holdings Corp., First lien2023-09-300001496099Calabrio, Inc., First lien2023-09-300001496099Calabrio, Inc., First lien - Drawn2023-09-300001496099nmfc:FundedDebtSecuritiesMembernmfc:CalabrioIncMember2023-09-300001496099CFS Management, LLC, First lien 12023-09-300001496099CFS Management, LLC, First lien 22023-09-300001496099nmfc:FundedDebtSecuritiesMembernmfc:CFSManagementLLCMember2023-09-300001496099USRP Holdings, Inc., First lien 12023-09-300001496099USRP Holdings, Inc., First lien 22023-09-300001496099nmfc:USRPHoldingsIncMembernmfc:FundedDebtSecuritiesMember2023-09-300001496099CHA Holdings, Inc., Second lien 12023-09-300001496099CHA Holdings, Inc., Second lien 22023-09-300001496099nmfc:CHAHoldingsIncMembernmfc:FundedDebtSecuritiesMember2023-09-300001496099Vectra Co., Second lien2023-09-300001496099Transcendia Holdings, Inc., Second lien2023-09-300001496099Specialtycare, Inc., First lien 12023-09-300001496099Specialtycare, Inc., First lien 22023-09-300001496099nmfc:SpecialtycareIncMembernmfc:FundedDebtSecuritiesMember2023-09-300001496099Quartz Holding Company, Second lien2023-09-300001496099CG Group Holdings, LLC, First lien2023-09-300001496099CG Group Holdings, LLC, First lien - Drawn2023-09-300001496099nmfc:CGGroupHoldingsLLCMembernmfc:FundedDebtSecuritiesMember2023-09-300001496099Anaplan, Inc., First lien2023-09-300001496099KPSKY Acquisition Inc., First lien 12023-09-300001496099KPSKY Acquisition Inc., First lien - Drawn2023-09-300001496099KPSKY Acquisition Inc., First lien 22023-09-300001496099nmfc:FundedDebtSecuritiesMembernmfc:KPSKYAcquisitionIncMember2023-09-300001496099PPVA Black Elk (Equity) LLC, Subordinated2023-09-300001496099TRC Companies L.L.C. (fka Energize Holdco LLC), Second lien2023-09-300001496099PPV Intermediate Holdings, LLC, First lien2023-09-300001496099DS Admiral Bidco, LLC, First lien2023-09-300001496099Safety Borrower Holdings LLC, First lien2023-09-300001496099Safety Borrower Holdings LLC, First lien - Drawn2023-09-300001496099nmfc:SafetyBorrowerHoldingsLLCMembernmfc:FundedDebtSecuritiesMember2023-09-300001496099DCA Investment Holding, LLC, First lien - Drawn2023-09-300001496099DCA Investment Holding, LLC, First lien2023-09-300001496099nmfc:FundedDebtSecuritiesMembernmfc:DCAInvestmentHoldingLLCMember2023-09-300001496099Community Brands ParentCo, LLC, First lien2023-09-300001496099Sierra Enterprises, LLC, First lien2023-09-300001496099Sun Acquirer Corp., First lien 12023-09-300001496099Sun Acquirer Corp., First lien 22023-09-300001496099nmfc:SunAcquirerCorpMembernmfc:FundedDebtSecuritiesMember2023-09-300001496099Appriss Health Holdings, Inc., First lien2023-09-300001496099Virtusa Corporation, Subordinated2023-09-300001496099Pye-Barker Fire & Safety, LLC, First lien2023-09-300001496099CommerceHub, Inc., First lien2023-09-300001496099Project Power Buyer, LLC, First lien2023-09-300001496099Ansira Holdings, Inc., First lien 12023-09-300001496099Ansira Holdings, Inc., First lien 22023-09-300001496099Ansira Holdings, Inc., First lien - Drawn2023-09-300001496099nmfc:FundedDebtSecuritiesMembernmfc:AnsiraHoldingsIncMember2023-09-300001496099Education Management II LLC, First lien 12023-09-300001496099Education Management II LLC, First lien 22023-09-300001496099Education Management II LLC, First lien 32023-09-300001496099Education Management II LLC, First lien 42023-09-300001496099Education Management II LLC, First lien 52023-09-300001496099Education Management II LLC, First lien 62023-09-300001496099Education Management II LLC, First lien 72023-09-300001496099Education Management II LLC, First lien 82023-09-300001496099nmfc:EducationManagementIILLCMembernmfc:FundedDebtSecuritiesMember2023-09-300001496099PPVA Fund, L.P., Collateralized Financing2023-09-300001496099us-gaap:InvestmentUnaffiliatedIssuerMembercountry:USnmfc:FundedDebtSecuritiesMember2023-09-300001496099Tahoe Finco, LLC, First lien 12023-09-300001496099Tahoe Finco, LLC, First lien 22023-09-300001496099nmfc:TahoeFincoLLCMembernmfc:FundedDebtSecuritiesMember2023-09-300001496099country:NLus-gaap:InvestmentUnaffiliatedIssuerMembernmfc:FundedDebtSecuritiesMember2023-09-300001496099Aston FinCo S.a r.l. / Aston US Finco, LLC, Second lien2023-09-300001496099Integro Parent Inc., First lien 12023-09-300001496099Integro Parent Inc., First lien 22023-09-300001496099Integro Parent Inc., Second lien2023-09-300001496099nmfc:IntegroParentIncMembernmfc:FundedDebtSecuritiesMember2023-09-300001496099us-gaap:InvestmentUnaffiliatedIssuerMembernmfc:FundedDebtSecuritiesMembercountry:GB2023-09-300001496099Tennessee Bidco Limited, First lien 12023-09-30iso4217:GBP0001496099Tennessee Bidco Limited, First lien 22023-09-300001496099Tennessee Bidco Limited, First lien 32023-09-300001496099Tennessee Bidco Limited, First lien 42023-09-300001496099Tennessee Bidco Limited, First lien 52023-09-30iso4217:EUR0001496099nmfc:FundedDebtSecuritiesMembernmfc:TennesseeBidcoLimitedMember2023-09-300001496099country:JEus-gaap:InvestmentUnaffiliatedIssuerMembernmfc:FundedDebtSecuritiesMember2023-09-300001496099Atlas AU Bidco Pty Ltd, First lien2023-09-300001496099country:AUus-gaap:InvestmentUnaffiliatedIssuerMembernmfc:FundedDebtSecuritiesMember2023-09-300001496099us-gaap:InvestmentUnaffiliatedIssuerMembernmfc:FundedDebtSecuritiesMember2023-09-300001496099Dealer Tire Holdings, LLC, Preferred shares2023-09-300001496099Symplr Software Intermediate Holdings, Inc., Preferred shares 12023-09-300001496099Symplr Software Intermediate Holdings, Inc., Preferred shares 22023-09-300001496099nmfc:SymplrSoftwareIntermediateHoldingsIncMemberus-gaap:EquitySecuritiesMember2023-09-300001496099Knockout Intermediate Holdings I Inc., Preferred shares2023-09-300001496099ACI Parent Inc., Preferred shares2023-09-300001496099Project Essential Super Parent, Inc., Preferred shares2023-09-300001496099Diligent Preferred Issuer, Inc., Preferred shares2023-09-300001496099OEC Holdco, LLC, Preferred shares2023-09-300001496099HB Wealth Management, LLC, Preferred shares2023-09-300001496099FS WhiteWater Holdings, LLC, Ordinary shares2023-09-300001496099OA Topco, L.P., Ordinary shares2023-09-300001496099Appriss Health Intermediate Holdings, Inc., Preferred shares2023-09-300001496099Pioneer Topco I, L.P., Ordinary shares2023-09-300001496099Ancora Acquisition LLC, Preferred shares2023-09-300001496099GEDC Equity, LLC, Ordinary shares2023-09-300001496099Education Management Corporation, Preferred shares 12023-09-300001496099Education Management Corporation, Preferred shares 22023-09-300001496099Education Management Corporation, Ordinary shares 12023-09-300001496099Education Management Corporation, Ordinary shares 22023-09-300001496099nmfc:EducationManagementCorporationMemberus-gaap:EquitySecuritiesMember2023-09-300001496099AAC Lender Holdings, LLC, Ordinary shares2023-09-300001496099us-gaap:InvestmentUnaffiliatedIssuerMembercountry:USus-gaap:EquitySecuritiesMember2023-09-300001496099Bach Special Limited (Bach Preference Limited), Preferred shares2023-09-300001496099us-gaap:InvestmentUnaffiliatedIssuerMembercountry:HKus-gaap:EquitySecuritiesMember2023-09-300001496099us-gaap:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2023-09-300001496099us-gaap:InvestmentUnaffiliatedIssuerMembernmfc:FundedSecuritiesMember2023-09-300001496099KPSKY Acquisition Inc., First lien - Undrawn2023-09-300001496099Ansira Holdings, Inc, First lien - Undrawn2023-09-300001496099American Achievement Corporation (aka AAC Holding Corp.), First lien - Undrawn2023-09-300001496099Safety Borrower Holdings LLC, First lien - Undrawn2023-09-300001496099Coyote Buyer, LLC, First lien - Undrawn2023-09-300001496099Project Power Buyer, LLC, First lien - Undrawn2023-09-300001496099Appriss Health, LLC, First lien - Undrawn2023-09-300001496099PPV Intermediate Holdings, LLC, First lien - Undrawn2023-09-300001496099Bullhorn, Inc., First lien - Undrawn2023-09-300001496099USRP Holdings, Inc., First lien - Undrawn2023-09-300001496099Kele Holdco, Inc., First lien - Undrawn2023-09-300001496099Xactly Corporation, First lien - Undrawn2023-09-300001496099Granicus, Inc., First lien - Undrawn2023-09-300001496099Coupa Holdings, LLC First lien - Undrawn 12023-09-300001496099Coupa Holdings, LLC First lien - Undrawn 22023-09-300001496099nmfc:UnfundedDebtSecuritiesMembernmfc:CoupaHoldingsLLCMember2023-09-300001496099Trinity Air Consultants Holdings Corporation, First lien - Undrawn 12023-09-300001496099Trinity Air Consultants Holdings Corporation, First lien - Undrawn 22023-09-300001496099nmfc:UnfundedDebtSecuritiesMembernmfc:TrinityAirConsultantsHoldingsCorporationMember2023-09-300001496099Foreside Financial Group, LLC, First lien - Undrawn 12023-09-300001496099Foreside Financial Group, LLC, First lien - Undrawn 22023-09-300001496099nmfc:UnfundedDebtSecuritiesMembernmfc:ForesideFinancialGroupLLCMember2023-09-300001496099Associations, Inc., First lien - Undrawn2023-09-300001496099Wealth Enhancement Group, LLC, First lien - Undrawn 12023-09-300001496099Wealth Enhancement Group, LLC, First lien - Undrawn 22023-09-300001496099nmfc:UnfundedDebtSecuritiesMembernmfc:WealthEnhancementGroupLLCMember2023-09-300001496099Recorded Future, Inc., First lien - Undrawn2023-09-300001496099Avalara, Inc., First lien - Undrawn2023-09-300001496099Oranje Holdco, Inc., First lien - Undrawn2023-09-300001496099GS Acquisitionco, Inc., First lien - Undrawn2023-09-300001496099Infogain Corporation, First lien - Undrawn2023-09-300001496099GC Waves Holdings, Inc., First lien - Undrawn 12023-09-300001496099GC Waves Holdings, Inc., First lien - Undrawn 22023-09-300001496099nmfc:UnfundedDebtSecuritiesMembernmfc:GCWavesHoldingsIncMember2023-09-300001496099OA Buyer, Inc., First lien - Undrawn2023-09-300001496099Kaseya Inc., First lien - Undrawn 12023-09-300001496099Kaseya Inc., First lien - Undrawn 22023-09-300001496099nmfc:KaseyaIncMembernmfc:UnfundedDebtSecuritiesMember2023-09-300001496099AmeriVet Partners Management, Inc., First lien - Undrawn 12023-09-300001496099AmeriVet Partners Management, Inc., First lien - Undrawn 22023-09-300001496099nmfc:UnfundedDebtSecuritiesMembernmfc:AmeriVetPartnersManagementIncMember2023-09-300001496099DCA Investment Holding, LLC, First lien - Undrawn2023-09-300001496099Pye-Barker Fire & Safety, LLC, First lien - Undrawn2023-09-300001496099CG Group Holdings, LLC, First lien - Undrawn2023-09-300001496099Sun Acquirer Corp., First lien - Undrawn2023-09-300001496099NMC Crimson Holdings, Inc., First lien - Undrawn2023-09-300001496099Calabrio, Inc., First lien - Undrawn2023-09-300001496099Specialtycare, Inc., First lien - Undrawn2023-09-300001496099MRI Software LLC, First lien - Undrawn2023-09-300001496099Daxko Acquisition Corporation, First lien - Undrawn 12023-09-300001496099Daxko Acquisition Corporation, First lien - Undrawn 22023-09-300001496099nmfc:UnfundedDebtSecuritiesMembernmfc:DaxkoAcquisitionCorporationMember2023-09-300001496099iCIMS, Inc., First lien - Undrawn 12023-09-300001496099iCIMS, Inc., First lien - Undrawn 22023-09-300001496099iCIMS, Inc., First lien - Undrawn 32023-09-300001496099nmfc:UnfundedDebtSecuritiesMembernmfc:ICIMSIncMember2023-09-300001496099Community Brands ParentCo, LLC, First lien - Undrawn 12023-09-300001496099Community Brands ParentCo, LLC, First lien - Undrawn 22023-09-300001496099nmfc:UnfundedDebtSecuritiesMembernmfc:CommunityBrandsParentCoLLCMember2023-09-300001496099Deca Dental Holdings LLC, First lien - Undrawn2023-09-300001496099IG Investments Holdings, LLC, First lien - Undrawn2023-09-300001496099FS WhiteWater Borrower, LLC, First lien - Undrawn 12023-09-300001496099FS WhiteWater Borrower, LLC, First lien - Undrawn 22023-09-300001496099nmfc:FSWhiteWaterBorrowerLLCMembernmfc:UnfundedDebtSecuritiesMember2023-09-300001496099YLG Holdings, Inc., First lien - Undrawn 12023-09-300001496099YLG Holdings, Inc., First lien - Undrawn 22023-09-300001496099YLG Holdings, Inc., First lien - Undrawn 32023-09-300001496099nmfc:UnfundedDebtSecuritiesMembernmfc:YLGHoldingsIncMember2023-09-300001496099Pioneer Buyer I, LLC, First lien - Undrawn2023-09-300001496099Groundworks, LLC, First lien - Undrawn 12023-09-300001496099Groundworks, LLC, First lien - Undrawn 22023-09-300001496099nmfc:UnfundedDebtSecuritiesMembernmfc:GroundworksLLCMember2023-09-300001496099Diligent Corporation , First lien - Undrawn2023-09-300001496099IMO Investor Holdings, Inc., First lien - Undrawn 12023-09-300001496099IMO Investor Holdings, Inc., First lien - Undrawn 22023-09-300001496099nmfc:IMOInvestorHoldingsIncMembernmfc:UnfundedDebtSecuritiesMember2023-09-300001496099Fortis Solutions Group, LLC, First lien - Undrawn 12023-09-300001496099Fortis Solutions Group, LLC, First lien - Undrawn 22023-09-300001496099nmfc:UnfundedDebtSecuritiesMembernmfc:FortisSolutionsGroupLLCMember2023-09-300001496099TigerConnect, Inc., First lien - Undrawn 12023-09-300001496099TigerConnect, Inc., First lien - Undrawn 22023-09-300001496099nmfc:UnfundedDebtSecuritiesMembernmfc:TigerConnectIncMember2023-09-300001496099DOCS, MSO, LLC, First lien - Undrawn 12023-09-300001496099DOCS, MSO, LLC, First lien - Undrawn 22023-09-300001496099DOCS, MSO, LLC, First lien - Undrawn 32023-09-300001496099nmfc:UnfundedDebtSecuritiesMembernmfc:DOCSMSOLLCMember2023-09-300001496099Notorious Topco, LLC, First lien - Undrawn 12023-09-300001496099Notorious Topco, LLC, First lien - Undrawn 22023-09-300001496099nmfc:UnfundedDebtSecuritiesMembernmfc:NotoriousTopcoLLCMember2023-09-300001496099AAH Topco, LLC, First lien - Undrawn 12023-09-300001496099AAH Topco, LLC, First lien - Undrawn 22023-09-300001496099AAH Topco, LLC, First lien - Undrawn 32023-09-300001496099nmfc:UnfundedDebtSecuritiesMembernmfc:AAHTopcoLLCMember2023-09-300001496099ACI Group Holdings, Inc., First lien - Undrawn 12023-09-300001496099ACI Group Holdings, Inc., First lien - Undrawn 22023-09-300001496099nmfc:UnfundedDebtSecuritiesMembernmfc:ACIGroupHoldingsIncMember2023-09-300001496099us-gaap:InvestmentUnaffiliatedIssuerMembercountry:USnmfc:UnfundedDebtSecuritiesMember2023-09-300001496099Tahoe Finco, LLC, First lien - Undrawn2023-09-300001496099country:NLus-gaap:InvestmentUnaffiliatedIssuerMembernmfc:UnfundedDebtSecuritiesMember2023-09-300001496099Atlas AU Bidco Pty Ltd, First lien - Undrawn2023-09-300001496099country:AUus-gaap:InvestmentUnaffiliatedIssuerMembernmfc:UnfundedDebtSecuritiesMember2023-09-300001496099us-gaap:InvestmentUnaffiliatedIssuerMembernmfc:UnfundedDebtSecuritiesMember2023-09-300001496099Edmentum Ultimate Holdings, LLC, Subordinated2023-09-300001496099Eagle Infrastructure Services, LLC (fka FR Arsenal Holdings II Corp.), First lien 12023-09-300001496099Eagle Infrastructure Services, LLC (fka FR Arsenal Holdings II Corp.), First lien 22023-09-300001496099nmfc:FundedDebtSecuritiesMembernmfc:EagleInfrastructureServicesLLCFkaFRArsenalHoldingsIICorpMember2023-09-300001496099Permian Trust, First lien 12023-09-300001496099Permian Trust, First lien 22023-09-300001496099nmfc:FundedDebtSecuritiesMembernmfc:PermianTrustMember2023-09-300001496099country:USnmfc:FundedDebtSecuritiesMemberus-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2023-09-300001496099TVG-Edmentum Holdings, LLC, Ordinary shares2023-09-300001496099Eagle Infrastructure Super HoldCo, LLC, Ordinary shares2023-09-300001496099Sierra Hamilton Holdings Corporation, Ordinary shares 12023-09-300001496099Sierra Hamilton Holdings Corporation, Ordinary shares 22023-09-300001496099nmfc:SierraHamiltonHoldingsCorporationMemberus-gaap:EquitySecuritiesMember2023-09-300001496099country:USus-gaap:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:EquitySecuritiesMember2023-09-300001496099New Benevis Holdco, Inc., First lien 12023-09-300001496099New Benevis Holdco, Inc., First lien 22023-09-300001496099New Benevis Holdco, Inc., First lien 32023-09-300001496099New Benevis Holdco, Inc., Subordinated2023-09-300001496099nmfc:FundedDebtSecuritiesMembernmfc:NewBenevisHoldcoIncMember2023-09-300001496099New Permian Holdco, L.L.C., First lien2023-09-300001496099New Permian Holdco, L.L.C., First lien - Drawn2023-09-300001496099nmfc:FundedDebtSecuritiesMembernmfc:NewPermianHoldcoLLCMember2023-09-300001496099UniTek Global Services, Inc., Second lien 12023-09-300001496099UniTek Global Services, Inc., Second lien 22023-09-300001496099nmfc:FundedDebtSecuritiesMembernmfc:UniTekGlobalServicesIncMember2023-09-300001496099National HME, Inc., Second lien2023-09-300001496099country:USus-gaap:InvestmentAffiliatedIssuerControlledMembernmfc:FundedDebtSecuritiesMember2023-09-300001496099NMFC Senior Loan Program III LLC, Membership interest2023-09-300001496099NMFC Senior Loan Program IV LLC, Membership interest2023-09-300001496099NM NL Holdings, L.P., Membership interest2023-09-300001496099New Benevis Topco, LLC, Ordinary shares 12023-09-300001496099New Benevis Topco, LLC, Ordinary shares 22023-09-300001496099New Benevis Topco, LLC, Ordinary shares 32023-09-300001496099nmfc:NewBenevisTopcoLLCMemberus-gaap:EquitySecuritiesMember2023-09-300001496099UniTek Global Services, Inc., Preferred shares 12023-09-300001496099UniTek Global Services, Inc., Preferred shares 22023-09-300001496099UniTek Global Services, Inc., Preferred shares 32023-09-300001496099UniTek Global Services, Inc., Preferred shares 42023-09-300001496099UniTek Global Services, Inc., Preferred shares 52023-09-300001496099UniTek Global Services, Inc., Ordinary shares 12023-09-300001496099UniTek Global Services, Inc., Ordinary shares 22023-09-300001496099nmfc:UniTekGlobalServicesIncMemberus-gaap:EquitySecuritiesMember2023-09-300001496099New Permian Holdco, Inc., Ordinary shares2023-09-300001496099NM CLFX LP, Membership interest2023-09-300001496099NM YI, LLC, Membership interest2023-09-300001496099Haven Midstream Holdings LLC, Ordinary shares2023-09-300001496099Haven Midstream Holdings LLC, Profit Interest2023-09-300001496099nmfc:HavenMidstreamHoldingsLLCMemberus-gaap:EquitySecuritiesMember2023-09-300001496099NM GP Holdco, LLC, Membership interest2023-09-300001496099NHME Holdings Corp., Ordinary shares2023-09-300001496099country:USus-gaap:InvestmentAffiliatedIssuerControlledMemberus-gaap:EquitySecuritiesMember2023-09-300001496099NM APP Canada Corp., Membership interest2023-09-300001496099us-gaap:InvestmentAffiliatedIssuerControlledMembercountry:CAus-gaap:EquitySecuritiesMember2023-09-300001496099us-gaap:InvestmentAffiliatedIssuerControlledMemberus-gaap:EquitySecuritiesMember2023-09-300001496099UniTek Global Services, Inc., Warrants2023-09-300001496099NHME Holdings Corp., Warrants2023-09-300001496099us-gaap:WarrantMembercountry:USus-gaap:InvestmentAffiliatedIssuerControlledMember2023-09-300001496099us-gaap:InvestmentAffiliatedIssuerControlledMembernmfc:FundedSecuritiesMember2023-09-300001496099New Permian Holdco, L.L.C., First lien - Undrawn2023-09-300001496099Haven Midstream LLC, First lien - Undrawn2023-09-300001496099country:USnmfc:UnfundedDebtSecuritiesMemberus-gaap:InvestmentAffiliatedIssuerControlledMember2023-09-300001496099Tennessee Bidco Limited, First lien 2 and Tennessee Bidco Limited, First lien 52023-09-300001496099us-gaap:CommonClassBMembernmfc:QIDNGLLLCMember2023-01-012023-09-300001496099us-gaap:CommonClassBMembernmfc:QIDTRHHoldingsLLCMember2023-01-012023-09-300001496099OEConnection LLC, Second lien2023-09-30nmfc:investment0001496099OEC Holdco, LLC, Preferred shares2023-01-012023-09-300001496099Appriss Health Holdings, Inc, Wholly-owned subsidiaries2023-09-300001496099Appriss Health Intermediate Holdings, Inc., Preferred shares2023-01-012023-09-300001496099TVG-Edmentum Holdings, LLC, Ordinary shares2023-01-012023-09-300001496099American Achievement Corporation (aka AAC Holding Corp.), First lien2023-09-300001496099Diamond Parent Holdings Corp, Wholly-owned subsidiaries2023-09-300001496099Diligent Corporation, First lien2023-09-300001496099Diligent Preferred Issuer, Inc., Preferred shares2023-01-012023-09-300001496099ACI Parent Inc., Preferred shares2023-01-012023-09-300001496099FS WhiteWater Borrower, LLC, First lien2023-09-300001496099Pioneer Buyer I, LLC, First lien2023-09-300001496099OA Buyer, Inc., First lien2023-09-300001496099Knockout Intermediate Holdings I, Preferred shares2023-01-012023-09-30nmfc:numberOfAgreement0001496099nmfc:EagleInfrastructureServicesLLCFkaFRArsenalHoldingsIICorpEagleInfrastructureSuperHoldCoLLCMemberus-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2022-12-310001496099nmfc:EagleInfrastructureServicesLLCFkaFRArsenalHoldingsIICorpEagleInfrastructureSuperHoldCoLLCMemberus-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2023-01-012023-09-300001496099nmfc:EagleInfrastructureServicesLLCFkaFRArsenalHoldingsIICorpEagleInfrastructureSuperHoldCoLLCMemberus-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2023-09-300001496099nmfc:PermianHoldco3IncAndPermianTrustMemberus-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2022-12-310001496099nmfc:PermianHoldco3IncAndPermianTrustMemberus-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2023-01-012023-09-300001496099nmfc:PermianHoldco3IncAndPermianTrustMemberus-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2023-09-300001496099nmfc:SierraHamiltonHoldingsCorporationMemberus-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2022-12-310001496099nmfc:SierraHamiltonHoldingsCorporationMemberus-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2023-01-012023-09-300001496099nmfc:SierraHamiltonHoldingsCorporationMemberus-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2023-09-300001496099nmfc:TVGEdmentumHoldingsLLCAndEdmentumUltimateHoldingsLLCMemberus-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2022-12-310001496099nmfc:TVGEdmentumHoldingsLLCAndEdmentumUltimateHoldingsLLCMemberus-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2023-01-012023-09-300001496099nmfc:TVGEdmentumHoldingsLLCAndEdmentumUltimateHoldingsLLCMemberus-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2023-09-300001496099us-gaap:InvestmentAffiliatedIssuerControlledMembernmfc:HavenMidstreamLLCAndHavenMidstreamHoldingsLLCAndQIDTRHHoldingsLLCMember2022-12-310001496099us-gaap:InvestmentAffiliatedIssuerControlledMembernmfc:HavenMidstreamLLCAndHavenMidstreamHoldingsLLCAndQIDTRHHoldingsLLCMember2023-01-012023-09-300001496099us-gaap:InvestmentAffiliatedIssuerControlledMembernmfc:HavenMidstreamLLCAndHavenMidstreamHoldingsLLCAndQIDTRHHoldingsLLCMember2023-09-300001496099nmfc:NationalHMEIncAndNHMEHoldingsCorpMemberus-gaap:InvestmentAffiliatedIssuerControlledMember2022-12-310001496099nmfc:NationalHMEIncAndNHMEHoldingsCorpMemberus-gaap:InvestmentAffiliatedIssuerControlledMember2023-01-012023-09-300001496099nmfc:NationalHMEIncAndNHMEHoldingsCorpMemberus-gaap:InvestmentAffiliatedIssuerControlledMember2023-09-300001496099nmfc:NewBenevisTopcoLLCAndNewBenevisHoldcoIncMemberus-gaap:InvestmentAffiliatedIssuerControlledMember2022-12-310001496099nmfc:NewBenevisTopcoLLCAndNewBenevisHoldcoIncMemberus-gaap:InvestmentAffiliatedIssuerControlledMember2023-01-012023-09-300001496099nmfc:NewBenevisTopcoLLCAndNewBenevisHoldcoIncMemberus-gaap:InvestmentAffiliatedIssuerControlledMember2023-09-300001496099nmfc:NewPermianHoldcoIncAndNewPermianHoldcoLLCMemberus-gaap:InvestmentAffiliatedIssuerControlledMember2022-12-310001496099nmfc:NewPermianHoldcoIncAndNewPermianHoldcoLLCMemberus-gaap:InvestmentAffiliatedIssuerControlledMember2023-01-012023-09-300001496099nmfc:NewPermianHoldcoIncAndNewPermianHoldcoLLCMemberus-gaap:InvestmentAffiliatedIssuerControlledMember2023-09-300001496099us-gaap:InvestmentAffiliatedIssuerControlledMembernmfc:NMAPPCanadaCorpMember2022-12-310001496099us-gaap:InvestmentAffiliatedIssuerControlledMembernmfc:NMAPPCanadaCorpMember2023-01-012023-09-300001496099us-gaap:InvestmentAffiliatedIssuerControlledMembernmfc:NMAPPCanadaCorpMember2023-09-300001496099nmfc:NMCLFXLPMemberus-gaap:InvestmentAffiliatedIssuerControlledMember2022-12-310001496099nmfc:NMCLFXLPMemberus-gaap:InvestmentAffiliatedIssuerControlledMember2023-01-012023-09-300001496099nmfc:NMCLFXLPMemberus-gaap:InvestmentAffiliatedIssuerControlledMember2023-09-300001496099us-gaap:InvestmentAffiliatedIssuerControlledMembernmfc:NMNLHoldingsLPMember2022-12-310001496099us-gaap:InvestmentAffiliatedIssuerControlledMembernmfc:NMNLHoldingsLPMember2023-01-012023-09-300001496099us-gaap:InvestmentAffiliatedIssuerControlledMembernmfc:NMNLHoldingsLPMember2023-09-300001496099us-gaap:InvestmentAffiliatedIssuerControlledMembernmfc:NMGPHoldcoLLCMember2022-12-310001496099us-gaap:InvestmentAffiliatedIssuerControlledMembernmfc:NMGPHoldcoLLCMember2023-01-012023-09-300001496099us-gaap:InvestmentAffiliatedIssuerControlledMembernmfc:NMGPHoldcoLLCMember2023-09-300001496099us-gaap:InvestmentAffiliatedIssuerControlledMembernmfc:NMYILLCMember2022-12-310001496099us-gaap:InvestmentAffiliatedIssuerControlledMembernmfc:NMYILLCMember2023-01-012023-09-300001496099us-gaap:InvestmentAffiliatedIssuerControlledMembernmfc:NMYILLCMember2023-09-300001496099nmfc:NMFCSeniorLoanProgramIIILLCMemberus-gaap:InvestmentAffiliatedIssuerControlledMember2022-12-310001496099nmfc:NMFCSeniorLoanProgramIIILLCMemberus-gaap:InvestmentAffiliatedIssuerControlledMember2023-01-012023-09-300001496099nmfc:NMFCSeniorLoanProgramIIILLCMemberus-gaap:InvestmentAffiliatedIssuerControlledMember2023-09-300001496099us-gaap:InvestmentAffiliatedIssuerControlledMembernmfc:NMFCSeniorLoanProgramIVLLCMember2022-12-310001496099us-gaap:InvestmentAffiliatedIssuerControlledMembernmfc:NMFCSeniorLoanProgramIVLLCMember2023-01-012023-09-300001496099us-gaap:InvestmentAffiliatedIssuerControlledMembernmfc:NMFCSeniorLoanProgramIVLLCMember2023-09-300001496099us-gaap:InvestmentAffiliatedIssuerControlledMembernmfc:UniTekGlobalServicesIncMember2022-12-310001496099us-gaap:InvestmentAffiliatedIssuerControlledMembernmfc:UniTekGlobalServicesIncMember2023-01-012023-09-300001496099us-gaap:InvestmentAffiliatedIssuerControlledMembernmfc:UniTekGlobalServicesIncMember2023-09-300001496099nmfc:DebtSecuritiesFirstLienMembernmfc:InvestmentTypeConcentrationRiskMembernmfc:InvestmentsAtFairValueMember2023-01-012023-09-300001496099nmfc:DebtSecuritiesSecondLienMembernmfc:InvestmentTypeConcentrationRiskMembernmfc:InvestmentsAtFairValueMember2023-01-012023-09-300001496099us-gaap:SubordinatedDebtMembernmfc:InvestmentTypeConcentrationRiskMembernmfc:InvestmentsAtFairValueMember2023-01-012023-09-300001496099us-gaap:OtherAggregatedInvestmentsMembernmfc:InvestmentTypeConcentrationRiskMembernmfc:InvestmentsAtFairValueMember2023-01-012023-09-300001496099nmfc:IndustryConcentrationRiskMembernmfc:InvestmentsAtFairValueMembernmfc:SoftwareSectorMember2023-01-012023-09-300001496099nmfc:IndustryConcentrationRiskMembernmfc:BusinessServicesSectorMembernmfc:InvestmentsAtFairValueMember2023-01-012023-09-300001496099us-gaap:HealthcareSectorMembernmfc:IndustryConcentrationRiskMembernmfc:InvestmentsAtFairValueMember2023-01-012023-09-300001496099nmfc:InvestmentFundsIncludingInvestmentsInJointVenturesMembernmfc:IndustryConcentrationRiskMembernmfc:InvestmentsAtFairValueMember2023-01-012023-09-300001496099nmfc:EducationSectorMembernmfc:IndustryConcentrationRiskMembernmfc:InvestmentsAtFairValueMember2023-01-012023-09-300001496099nmfc:IndustryConcentrationRiskMembernmfc:ConsumerServicesSectorMembernmfc:InvestmentsAtFairValueMember2023-01-012023-09-300001496099nmfc:IndustryConcentrationRiskMembernmfc:InvestmentsAtFairValueMemberus-gaap:RealEstateSectorMember2023-01-012023-09-300001496099nmfc:IndustryConcentrationRiskMemberus-gaap:TransportationSectorMembernmfc:InvestmentsAtFairValueMember2023-01-012023-09-300001496099nmfc:IndustryConcentrationRiskMemberus-gaap:FinancialServicesSectorMembernmfc:InvestmentsAtFairValueMember2023-01-012023-09-300001496099nmfc:IndustryConcentrationRiskMemberus-gaap:EnergySectorMembernmfc:InvestmentsAtFairValueMember2023-01-012023-09-300001496099nmfc:IndustryConcentrationRiskMemberus-gaap:TechnologySectorMembernmfc:InvestmentsAtFairValueMember2023-01-012023-09-300001496099us-gaap:ContainerAndPackagingSectorMembernmfc:IndustryConcentrationRiskMembernmfc:InvestmentsAtFairValueMember2023-01-012023-09-300001496099us-gaap:ChemicalsSectorMembernmfc:IndustryConcentrationRiskMembernmfc:InvestmentsAtFairValueMember2023-01-012023-09-300001496099nmfc:IndustryConcentrationRiskMembernmfc:ConsumerProductsSectorMembernmfc:InvestmentsAtFairValueMember2023-01-012023-09-300001496099nmfc:IndustryConcentrationRiskMembernmfc:BusinessProductsSectorMembernmfc:InvestmentsAtFairValueMember2023-01-012023-09-300001496099us-gaap:FoodAndBeverageSectorMembernmfc:IndustryConcentrationRiskMembernmfc:InvestmentsAtFairValueMember2023-01-012023-09-300001496099nmfc:DebtSecuritiesFloatingInterestRateMembernmfc:InvestmentsAtFairValueMembernmfc:InterestRateTypeRiskMember2023-01-012023-09-300001496099nmfc:DebtSecuritiesFixedInterestRateMembernmfc:InvestmentsAtFairValueMembernmfc:InterestRateTypeRiskMember2023-01-012023-09-300001496099GS Acquisitionco, Inc., First lien 12022-12-310001496099GS Acquisitionco, Inc., First lien 22022-12-310001496099nmfc:GSAcquisitioncoIncMembernmfc:FundedDebtSecuritiesMember2022-12-310001496099PhyNet Dermatology LLC, First lien 12022-12-310001496099PhyNet Dermatology LLC, First lien 22022-12-310001496099nmfc:FundedDebtSecuritiesMembernmfc:PhyNetDermatologyLLCMember2022-12-310001496099Associations, Inc., First lien 12022-12-310001496099Associations, Inc., First lien 22022-12-310001496099Associations, Inc., First lien 32022-12-310001496099Associations, Inc., First lien 42022-12-310001496099Associations, Inc., First lien 52022-12-310001496099nmfc:AssociationsIncMembernmfc:FundedDebtSecuritiesMember2022-12-310001496099AAH Topco, LLC, First lien 12022-12-310001496099AAH Topco, LLC, First lien - Drawn 12022-12-310001496099AAH Topco, LLC, First lien 22022-12-310001496099AAH Topco, LLC, First lien - Drawn 22022-12-310001496099AAH Topco, LLC, Subordinated 12022-12-310001496099AAH Topco, LLC, Subordinated 22022-12-310001496099nmfc:FundedDebtSecuritiesMembernmfc:AAHTopcoLLCMember2022-12-310001496099GC Waves Holdings, Inc., First lien 12022-12-310001496099GC Waves Holdings, Inc., First lien - Drawn 12022-12-310001496099GC Waves Holdings, Inc., First lien 22022-12-310001496099GC Waves Holdings, Inc., First lien 32022-12-310001496099GC Waves Holdings, Inc., First lien - Drawn 22022-12-310001496099nmfc:FundedDebtSecuritiesMembernmfc:GCWavesHoldingsIncMember2022-12-310001496099Kaseya Inc., First lien2022-12-310001496099iCIMS, Inc., First lien 12022-12-310001496099iCIMS, Inc., First lien 22022-12-310001496099nmfc:FundedDebtSecuritiesMembernmfc:ICIMSIncMember2022-12-310001496099CentralSquare Technologies, LLC, Second lien 12022-12-310001496099CentralSquare Technologies, LLC, Second lien 22022-12-310001496099nmfc:CentralSquareTechnologiesLLCMembernmfc:FundedDebtSecuritiesMember2022-12-310001496099Infogain Corporation, First lien 12022-12-310001496099Infogain Corporation, First lien 22022-12-310001496099Infogain Corporation, First lien - Drawn2022-12-310001496099Infogain Corporation, Subordinated2022-12-310001496099nmfc:FundedDebtSecuritiesMembernmfc:InfogainCorporationMember2022-12-310001496099Brave Parent Holdings, Inc., Second lien 12022-12-310001496099Brave Parent Holdings, Inc., Second lien 22022-12-310001496099Brave Parent Holdings, Inc., Second lien 32022-12-310001496099nmfc:BraveParentHoldingsIncMembernmfc:FundedDebtSecuritiesMember2022-12-310001496099Deca Dental Holdings LLC, First lien2022-12-310001496099Deca Dental Holdings LLC, First lien - Drawn 12022-12-310001496099Deca Dental Holdings LLC, First lien - Drawn 22022-12-310001496099nmfc:DecaDentalHoldingsLLCMembernmfc:FundedDebtSecuritiesMember2022-12-310001496099Recorded Future, Inc., First lien 12022-12-310001496099Recorded Future, Inc., First lien 22022-12-310001496099nmfc:FundedDebtSecuritiesMembernmfc:RecordedFutureIncMember2022-12-310001496099Auctane Inc. (fka Stamps.com Inc.), First lien 12022-12-310001496099Auctane Inc. (fka Stamps.com Inc.), First lien 22022-12-310001496099nmfc:FundedDebtSecuritiesMembernmfc:AuctaneIncFkaStampscomIncMember2022-12-310001496099Avalara, Inc., First lien 12022-12-310001496099Avalara, Inc., First lien 22022-12-310001496099nmfc:AvalaraIncMembernmfc:FundedDebtSecuritiesMember2022-12-310001496099OEConnection LLC, Second lien 12022-12-310001496099OEConnection LLC, Second lien 22022-12-310001496099nmfc:OEConnectionLLCMembernmfc:FundedDebtSecuritiesMember2022-12-310001496099Diligent Corporation, First lien 12022-12-310001496099Diligent Corporation, First lien 22022-12-310001496099Diligent Corporation, First lien 32022-12-310001496099Diligent Corporation, First lien - Drawn2022-12-310001496099nmfc:FundedDebtSecuritiesMembernmfc:DiligentCorporationMember2022-12-310001496099IG Investments Holdings, LLC, First lien 12022-12-310001496099IG Investments Holdings, LLC, First lien 22022-12-310001496099IG Investments Holdings, LLC, First lien - Drawn2022-12-310001496099nmfc:IGInvestmentsHoldingsLLCMembernmfc:FundedDebtSecuritiesMember2022-12-310001496099Foreside Financial Group, LLC, First lien 12022-12-310001496099Foreside Financial Group, LLC, First lien 22022-12-310001496099nmfc:FundedDebtSecuritiesMembernmfc:ForesideFinancialGroupLLCMember2022-12-310001496099MRI Software LLC, First lien 12022-12-310001496099MRI Software LLC, First lien 22022-12-310001496099MRI Software LLC, First lien 32022-12-310001496099MRI Software LLC, First lien 42022-12-310001496099MRI Software LLC, First lien 52022-12-310001496099nmfc:FundedDebtSecuritiesMembernmfc:MRISoftwareLLCMember2022-12-310001496099Anaplan, Inc., First lien2022-12-310001496099Granicus, Inc., First lien 12022-12-310001496099Granicus, Inc., First lien 22022-12-310001496099Granicus, Inc., First lien 32022-12-310001496099Granicus, Inc., First lien 42022-12-310001496099Granicus, Inc., First lien - Drawn2022-12-310001496099nmfc:FundedDebtSecuritiesMembernmfc:GranicusIncMember2022-12-310001496099EAB Global, Inc., Second lien2022-12-310001496099DCA Investment Holding, LLC, First lien 12022-12-310001496099DCA Investment Holding, LLC, First lien 22022-12-310001496099DCA Investment Holding, LLC, First lien 32022-12-310001496099DCA Investment Holding, LLC, First lien - Drawn2022-12-310001496099nmfc:FundedDebtSecuritiesMembernmfc:DCAInvestmentHoldingLLCMember2022-12-310001496099KAMC Holdings, Inc., Second lien 12022-12-310001496099KAMC Holdings, Inc., Second lien 22022-12-310001496099nmfc:FundedDebtSecuritiesMembernmfc:KAMCHoldingsIncMember2022-12-310001496099OA Buyer, Inc., First lien 12022-12-310001496099OA Buyer, Inc., First lien 22022-12-310001496099nmfc:OABuyerIncMembernmfc:FundedDebtSecuritiesMember2022-12-310001496099TigerConnect, Inc., First lien2022-12-310001496099TigerConnect, Inc., First lien - Drawn2022-12-310001496099nmfc:FundedDebtSecuritiesMembernmfc:TigerConnectIncMember2022-12-310001496099Wealth Enhancement Group, LLC, First lien 12022-12-310001496099Wealth Enhancement Group, LLC, First lien 22022-12-310001496099Wealth Enhancement Group, LLC, First lien - Drawn2022-12-310001496099Wealth Enhancement Group, LLC, First lien 32022-12-310001496099nmfc:WealthEnhancementGroupLLCMembernmfc:FundedDebtSecuritiesMember2022-12-310001496099Fortis Solutions Group, LLC, First lien 12022-12-310001496099Fortis Solutions Group, LLC, First lien 22022-12-310001496099Fortis Solutions Group, LLC, First lien 32022-12-310001496099Fortis Solutions Group, LLC, First lien - Drawn2022-12-310001496099nmfc:FundedDebtSecuritiesMembernmfc:FortisSolutionsGroupLLCMember2022-12-310001496099Foundational Education Group, Inc., Second lien 12022-12-310001496099Foundational Education Group, Inc., Second lien 22022-12-310001496099nmfc:FundedDebtSecuritiesMembernmfc:FoundationalEducationGroupIncMember2022-12-310001496099Syndigo LLC, Second lien 12022-12-310001496099Syndigo LLC, Second lien 22022-12-310001496099nmfc:SyndigoLLCMembernmfc:FundedDebtSecuritiesMember2022-12-310001496099AmeriVet Partners Management, Inc., First lien 12022-12-310001496099AmeriVet Partners Management, Inc., First lien 22022-12-310001496099nmfc:FundedDebtSecuritiesMembernmfc:AmeriVetPartnersManagementIncMember2022-12-310001496099NMC Crimson Holdings, Inc., First lien 12022-12-310001496099NMC Crimson Holdings, Inc., First lien 22022-12-310001496099NMC Crimson Holdings, Inc., First lien - Drawn2022-12-310001496099nmfc:NMCCrimsonHoldingsIncMembernmfc:FundedDebtSecuritiesMember2022-12-310001496099VT Topco, Inc., Second lien 12022-12-310001496099VT Topco, Inc., Second lien 22022-12-310001496099nmfc:VTTopcoIncMembernmfc:FundedDebtSecuritiesMember2022-12-310001496099HS Purchaser, LLC / Help/Systems Holdings, Inc., Second lien 12022-12-310001496099HS Purchaser, LLC / Help/Systems Holdings, Inc., Second lien 22022-12-310001496099nmfc:HSPurchaserLLCHelpSystemsHoldingsIncMembernmfc:FundedDebtSecuritiesMember2022-12-310001496099DOCS, MSO, LLC, First lien 12022-12-310001496099DOCS, MSO, LLC, First lien 22022-12-310001496099nmfc:FundedDebtSecuritiesMembernmfc:DOCSMSOLLCMember2022-12-310001496099CRCI Longhorn Holdings, Inc., Second lien 12022-12-310001496099CRCI Longhorn Holdings, Inc., Second lien 22022-12-310001496099nmfc:FundedDebtSecuritiesMembernmfc:CRCILonghornHoldingsIncMember2022-12-310001496099ACI Group Holdings, Inc., First lien2022-12-310001496099ACI Group Holdings, Inc., First lien - Drawn 12022-12-310001496099ACI Group Holdings, Inc., First lien - Drawn 22022-12-310001496099nmfc:FundedDebtSecuritiesMembernmfc:ACIGroupHoldingsIncMember2022-12-310001496099Idera, Inc., Second lien 12022-12-310001496099Idera, Inc., Second lien 22022-12-310001496099nmfc:FundedDebtSecuritiesMembernmfc:IderaIncMember2022-12-310001496099Bullhorn, Inc., First lien 12022-12-310001496099Bullhorn, Inc., First lien 22022-12-310001496099Bullhorn, Inc., First lien 32022-12-310001496099Bullhorn, Inc., First lien - Drawn2022-12-310001496099Bullhorn, Inc., First lien 42022-12-310001496099Bullhorn, Inc., First lien 52022-12-310001496099nmfc:BullhornIncMembernmfc:FundedDebtSecuritiesMember2022-12-310001496099Convey Health Solutions, Inc., First lien 12022-12-310001496099Convey Health Solutions, Inc., First lien 22022-12-310001496099nmfc:FundedDebtSecuritiesMembernmfc:ConveyHealthSolutionsIncMember2022-12-310001496099Spring Education Group, Inc (fka SSH Group Holdings, Inc.), Second lien2022-12-310001496099TMK Hawk Parent, Corp., First lien 12022-12-310001496099TMK Hawk Parent, Corp., First lien 22022-12-310001496099nmfc:TMKHawkParentCorpMembernmfc:FundedDebtSecuritiesMember2022-12-310001496099Cardinal Parent, Inc., First lien2022-12-310001496099Cardinal Parent, Inc., Second lien2022-12-310001496099nmfc:FundedDebtSecuritiesMembernmfc:CardinalParentIncMember2022-12-310001496099Notorious Topco, LLC, First lien 12022-12-310001496099Notorious Topco, LLC, First lien 22022-12-310001496099Notorious Topco, LLC, First lien - Drawn 12022-12-310001496099Notorious Topco, LLC, First lien - Drawn 22022-12-310001496099nmfc:FundedDebtSecuritiesMembernmfc:NotoriousTopcoLLCMember2022-12-310001496099YLG Holdings, Inc., First lien 12022-12-310001496099YLG Holdings, Inc., First lien 22022-12-310001496099YLG Holdings, Inc., First lien - Drawn2022-12-310001496099nmfc:FundedDebtSecuritiesMembernmfc:YLGHoldingsIncMember2022-12-310001496099American Achievement Corporation (aka AAC Holding Corp.), First lien 12022-12-310001496099American Achievement Corporation (aka AAC Holding Corp.), First lien 22022-12-310001496099American Achievement Corporation (aka AAC Holding Corp.), Subordinated2022-12-310001496099nmfc:AmericanAchievementCorporationAkaAACHoldingCorpMembernmfc:FundedDebtSecuritiesMember2022-12-310001496099New Trojan Parent, Inc., Second lien2022-12-310001496099Xactly Corporation, First lien2022-12-310001496099Xactly Corporation, First lien - Drawn2022-12-310001496099nmfc:XactlyCorporationMembernmfc:FundedDebtSecuritiesMember2022-12-310001496099Ansira Holdings, Inc., First lien 12022-12-310001496099Ansira Holdings, Inc., First lien 22022-12-310001496099Ansira Holdings, Inc., First lien - Drawn2022-12-310001496099nmfc:FundedDebtSecuritiesMembernmfc:AnsiraHoldingsIncMember2022-12-310001496099Bluefin Holding, LLC, First lien - Drawn2022-12-310001496099Bluefin Holding, LLC, Second lien2022-12-310001496099nmfc:BluefinHoldingLLCMembernmfc:FundedDebtSecuritiesMember2022-12-310001496099Trinity Air Consultants Holdings Corporation, First lien2022-12-310001496099Trinity Air Consultants Holdings Corporation, First lien - Drawn2022-12-310001496099nmfc:FundedDebtSecuritiesMembernmfc:TrinityAirConsultantsHoldingsCorporationMember2022-12-310001496099DG Investment Intermediate Holdings 2, Inc., Second lien2022-12-310001496099FS WhiteWater Borrower, LLC, First lien 12022-12-310001496099FS WhiteWater Borrower, LLC, First lien 22022-12-310001496099FS WhiteWater Borrower, LLC, First lien 32022-12-310001496099FS WhiteWater Borrower, LLC, First lien - Drawn 12022-12-310001496099FS WhiteWater Borrower, LLC, First lien - Drawn 22022-12-310001496099nmfc:FSWhiteWaterBorrowerLLCMembernmfc:FundedDebtSecuritiesMember2022-12-310001496099Pioneer Buyer I, LLC, First lien 12022-12-310001496099Pioneer Buyer I, LLC, First lien 22022-12-310001496099nmfc:FundedDebtSecuritiesMembernmfc:PioneerBuyerILLCMember2022-12-310001496099Coyote Buyer, LLC, First lien 12022-12-310001496099Coyote Buyer, LLC, First lien 22022-12-310001496099nmfc:CoyoteBuyerLLCMembernmfc:FundedDebtSecuritiesMember2022-12-310001496099The Kleinfelder Group, Inc., First lien2022-12-310001496099Kele Holdco, Inc., First lien2022-12-310001496099MED Parentco, LP, Second lien2022-12-310001496099Daxko Acquisition Corporation, First lien 12022-12-310001496099Daxko Acquisition Corporation, First lien 22022-12-310001496099Daxko Acquisition Corporation, First lien - Drawn2022-12-310001496099nmfc:FundedDebtSecuritiesMembernmfc:DaxkoAcquisitionCorporationMember2022-12-310001496099CFS Management, LLC, First lien 12022-12-310001496099CFS Management, LLC, First lien 22022-12-310001496099nmfc:FundedDebtSecuritiesMembernmfc:CFSManagementLLCMember2022-12-310001496099Castle Management Borrower LLC, First lien2022-12-310001496099Alegeus Technologies Holdings Corp., First lien2022-12-310001496099Calabrio, Inc., First lien2022-12-310001496099Calabrio, Inc., First lien - Drawn2022-12-310001496099nmfc:FundedDebtSecuritiesMembernmfc:CalabrioIncMember2022-12-310001496099IMO Investor Holdings, Inc., First lien2022-12-310001496099IMO Investor Holdings, Inc., First lien - Drawn2022-12-310001496099nmfc:IMOInvestorHoldingsIncMembernmfc:FundedDebtSecuritiesMember2022-12-310001496099FR Arsenal Holdings II Corp., First lien2022-12-310001496099Apptio, Inc., First lien 12022-12-310001496099Apptio, Inc., First lien 22022-12-310001496099Apptio, Inc., First lien - Drawn2022-12-310001496099nmfc:ApptioIncMembernmfc:FundedDebtSecuritiesMember2022-12-310001496099Transcendia Holdings, Inc., Second lien2022-12-310001496099USRP Holdings, Inc., First lien 12022-12-310001496099USRP Holdings, Inc., First lien 22022-12-310001496099nmfc:USRPHoldingsIncMembernmfc:FundedDebtSecuritiesMember2022-12-310001496099CHA Holdings, Inc., Second lien 12022-12-310001496099CHA Holdings, Inc., Second lien 22022-12-310001496099nmfc:CHAHoldingsIncMembernmfc:FundedDebtSecuritiesMember2022-12-310001496099Specialtycare, Inc., First lien2022-12-310001496099Specialtycare, Inc., First lien - Drawn 12022-12-310001496099Specialtycare, Inc., First lien - Drawn 22022-12-310001496099nmfc:SpecialtycareIncMembernmfc:FundedDebtSecuritiesMember2022-12-310001496099Quartz Holding Company, Second lien2022-12-310001496099CG Group Holdings, LLC, First lien2022-12-310001496099CG Group Holdings, LLC, First lien - Drawn2022-12-310001496099nmfc:CGGroupHoldingsLLCMembernmfc:FundedDebtSecuritiesMember2022-12-310001496099PPVA Black Elk (Equity) LLC, Subordinated2022-12-310001496099KPSKY Acquisition Inc., First lien 12022-12-310001496099KPSKY Acquisition Inc., First lien 22022-12-310001496099KPSKY Acquisition Inc., First lien - Drawn2022-12-310001496099nmfc:FundedDebtSecuritiesMembernmfc:KPSKYAcquisitionIncMember2022-12-310001496099TRC Companies L.L.C. (fka Energize Holdco LLC), Second lien2022-12-310001496099DS Admiral Bidco, LLC, First lien2022-12-310001496099Vectra Co., Second lien2022-12-310001496099Community Brands ParentCo, LLC, First lien2022-12-310001496099Safety Borrower Holdings LLC, First lien2022-12-310001496099Sun Acquirer Corp., First lien2022-12-310001496099Sun Acquirer Corp., First lien - Drawn2022-12-310001496099nmfc:SunAcquirerCorpMembernmfc:FundedDebtSecuritiesMember2022-12-310001496099PPV Intermediate Holdings, LLC, First lien2022-12-310001496099PPV Intermediate Holdings, LLC, First lien - Drawn2022-12-310001496099nmfc:PPVIntermediateHoldingsLLCMembernmfc:FundedDebtSecuritiesMember2022-12-310001496099Appriss Health, LLC, First lien2022-12-310001496099Pye-Barker Fire & Safety, LLC, First lien2022-12-310001496099Pye-Barker Fire & Safety, LLC, First lien - Drawn2022-12-310001496099nmfc:FundedDebtSecuritiesMembernmfc:PyeBarkerFireSafetyLLCMember2022-12-310001496099ADG, LLC, Second lien2022-12-310001496099Virtusa Corporation, Subordinated2022-12-310001496099Education Management II LLC, First lien 12022-12-310001496099Education Management II LLC, First lien 22022-12-310001496099Education Management II LLC, First lien 32022-12-310001496099Education Management II LLC, First lien 42022-12-310001496099Education Management II LLC, First lien 52022-12-310001496099Education Management II LLC, First lien 62022-12-310001496099Education Management II LLC, First lien 72022-12-310001496099Education Management II LLC, First lien 82022-12-310001496099nmfc:EducationManagementIILLCMembernmfc:FundedDebtSecuritiesMember2022-12-310001496099PPVA Fund, L.P., Collateralized Financing2022-12-310001496099us-gaap:InvestmentUnaffiliatedIssuerMembercountry:USnmfc:FundedDebtSecuritiesMember2022-12-310001496099Tahoe Finco, LLC, First lien 12022-12-310001496099Tahoe Finco, LLC, First lien 22022-12-310001496099nmfc:TahoeFincoLLCMembernmfc:FundedDebtSecuritiesMember2022-12-310001496099country:NLus-gaap:InvestmentUnaffiliatedIssuerMembernmfc:FundedDebtSecuritiesMember2022-12-310001496099Aston FinCo S.a r.l. / Aston US Finco, LLC, Second lien2022-12-310001496099Integro Parent Inc., First lien 12022-12-310001496099Integro Parent Inc., First lien 22022-12-310001496099Integro Parent Inc., Second lien2022-12-310001496099nmfc:IntegroParentIncMembernmfc:FundedDebtSecuritiesMember2022-12-310001496099us-gaap:InvestmentUnaffiliatedIssuerMembernmfc:FundedDebtSecuritiesMembercountry:GB2022-12-310001496099Tennessee Bidco Limited, First lien 12022-12-310001496099Tennessee Bidco Limited, First lien 22022-12-310001496099Tennessee Bidco Limited, First lien 32022-12-310001496099Tennessee Bidco Limited, First lien 42022-12-310001496099Tennessee Bidco Limited, First lien 52022-12-310001496099nmfc:FundedDebtSecuritiesMembernmfc:TennesseeBidcoLimitedMember2022-12-310001496099country:JEus-gaap:InvestmentUnaffiliatedIssuerMembernmfc:FundedDebtSecuritiesMember2022-12-310001496099Atlas AU Bidco Pty Ltd, First lien2022-12-310001496099country:AUus-gaap:InvestmentUnaffiliatedIssuerMembernmfc:FundedDebtSecuritiesMember2022-12-310001496099us-gaap:InvestmentUnaffiliatedIssuerMembernmfc:FundedDebtSecuritiesMember2022-12-310001496099Dealer Tire Holdings, LLC, Preferred shares2022-12-310001496099Symplr Software Intermediate Holdings, Inc., Preferred shares 12022-12-310001496099Symplr Software Intermediate Holdings, Inc., Preferred shares 22022-12-310001496099nmfc:SymplrSoftwareIntermediateHoldingsIncMemberus-gaap:EquitySecuritiesMember2022-12-310001496099Knockout Intermediate Holdings I Inc., Preferred shares2022-12-310001496099ACI Parent Inc., Preferred shares2022-12-310001496099Project Essential Super Parent, Inc., Preferred shares2022-12-310001496099Diligent Preferred Issuer, Inc., Preferred shares2022-12-310001496099OEC Holdco, LLC, Preferred shares2022-12-310001496099HB Wealth Management, LLC, Preferred shares2022-12-310001496099FS WhiteWater Holdings, LLC, Ordinary shares2022-12-310001496099Appriss Health Intermediate Holdings, Inc., Preferred shares2022-12-310001496099OA Topco, L.P., Ordinary shares2022-12-310001496099Pioneer Topco I, L.P., Ordinary shares2022-12-310001496099Ancora Acquisition LLC, Preferred shares2022-12-310001496099Education Management Corporation, Preferred shares 12022-12-310001496099Education Management Corporation, Preferred shares 22022-12-310001496099Education Management Corporation, Ordinary shares 12022-12-310001496099Education Management Corporation, Ordinary shares 22022-12-310001496099nmfc:EducationManagementCorporationMemberus-gaap:EquitySecuritiesMember2022-12-310001496099AAC Lender Holdings, LLC, Ordinary shares2022-12-310001496099us-gaap:InvestmentUnaffiliatedIssuerMembercountry:USus-gaap:EquitySecuritiesMember2022-12-310001496099Bach Special Limited (Bach Preference Limited), Preferred shares2022-12-310001496099us-gaap:InvestmentUnaffiliatedIssuerMembercountry:HKus-gaap:EquitySecuritiesMember2022-12-310001496099us-gaap:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2022-12-310001496099us-gaap:InvestmentUnaffiliatedIssuerMembernmfc:FundedSecuritiesMember2022-12-310001496099Ansira Holdings, Inc, First lien - Undrawn2022-12-310001496099American Achievement Corporation (aka AAC Holding Corp.), First lien - Undrawn2022-12-310001496099Bullhorn, Inc., First lien - Undrawn2022-12-310001496099Appriss Health, LLC, First lien - Undrawn2022-12-310001496099Coyote Buyer, LLC, First lien - Undrawn2022-12-310001496099Calabrio, Inc., First lien - Undrawn2022-12-310001496099Kele Holdco, Inc., First lien - Undrawn2022-12-310001496099Granicus, Inc., First lien - Undrawn2022-12-310001496099Diligent Corporation, First lien - Undrawn2022-12-310001496099Apptio, Inc., First lien - Undrawn2022-12-310001496099Associations, Inc., First lien - Undrawn2022-12-310001496099Safety Borrower Holdings LLC, First lien - Undrawn2022-12-310001496099Bluefin Holding, LLC, First lien - Undrawn2022-12-310001496099Sun Acquirer Corp., First lien - Undrawn 12022-12-310001496099Sun Acquirer Corp., First lien - Undrawn 22022-12-310001496099nmfc:UnfundedDebtSecuritiesMembernmfc:SunAcquirerCorpMember2022-12-310001496099Pye-Barker Fire & Safety, LLC, First lien - Undrawn2022-12-310001496099IG Investments Holdings, LLC, First lien - Undrawn2022-12-310001496099Notorious Topco, LLC, First lien - Undrawn 12022-12-310001496099Notorious Topco, LLC, First lien - Undrawn 22022-12-310001496099nmfc:UnfundedDebtSecuritiesMembernmfc:NotoriousTopcoLLCMember2022-12-310001496099PPV Intermediate Holdings, LLC, First lien - Undrawn 12022-12-310001496099PPV Intermediate Holdings, LLC, First lien - Undrawn 22022-12-310001496099nmfc:PPVIntermediateHoldingsLLCMembernmfc:UnfundedDebtSecuritiesMember2022-12-310001496099CG Group Holdings, LLC, First lien - Undrawn2022-12-310001496099Recorded Future, Inc., First lien - Undrawn2022-12-310001496099USRP Holdings, Inc., First lien - Undrawn2022-12-310001496099OA Buyer, Inc., First lien - Undrawn2022-12-310001496099Avalara, Inc., First lien - Undrawn2022-12-310001496099Trinity Air Consultants Holdings Corporation, First lien - Undrawn 12022-12-310001496099Trinity Air Consultants Holdings Corporation, First lien - Undrawn 22022-12-310001496099nmfc:UnfundedDebtSecuritiesMembernmfc:TrinityAirConsultantsHoldingsCorporationMember2022-12-310001496099Pioneer Buyer I, LLC, First lien - Undrawn2022-12-310001496099iCIMS, Inc., First lien - Undrawn 12022-12-310001496099iCIMS, Inc., First lien - Undrawn 22022-12-310001496099nmfc:UnfundedDebtSecuritiesMembernmfc:ICIMSIncMember2022-12-310001496099Daxko Acquisition Corporation, First lien - Undrawn 12022-12-310001496099Daxko Acquisition Corporation, First lien - Undrawn 22022-12-310001496099nmfc:UnfundedDebtSecuritiesMembernmfc:DaxkoAcquisitionCorporationMember2022-12-310001496099Community Brands ParentCo, LLC, First lien - Undrawn 12022-12-310001496099Community Brands ParentCo, LLC, First lien - Undrawn 22022-12-310001496099nmfc:UnfundedDebtSecuritiesMembernmfc:CommunityBrandsParentCoLLCMember2022-12-310001496099IMO Investor Holdings, Inc., First lien - Undrawn 12022-12-310001496099IMO Investor Holdings, Inc., First lien - Undrawn 22022-12-310001496099nmfc:IMOInvestorHoldingsIncMembernmfc:UnfundedDebtSecuritiesMember2022-12-310001496099KPSKY Acquisition Inc., First lien - Undrawn2022-12-310001496099GC Waves Holdings, Inc., First lien - Undrawn 12022-12-310001496099GC Waves Holdings, Inc., First lien - Undrawn 22022-12-310001496099nmfc:UnfundedDebtSecuritiesMembernmfc:GCWavesHoldingsIncMember2022-12-310001496099Specialtycare, Inc., First lien - Undrawn 12022-12-310001496099Specialtycare, Inc., First lien - Undrawn 22022-12-310001496099nmfc:SpecialtycareIncMembernmfc:UnfundedDebtSecuritiesMember2022-12-310001496099Infogain Corporation, First lien - Undrawn2022-12-310001496099GS Acquisitionco, Inc., First lien - Undrawn2022-12-310001496099NMC Crimson Holdings, Inc., First lien - Undrawn2022-12-310001496099Wealth Enhancement Group, LLC, First lien - Undrawn 12022-12-310001496099Wealth Enhancement Group, LLC, First lien - Undrawn 22022-12-310001496099nmfc:UnfundedDebtSecuritiesMembernmfc:WealthEnhancementGroupLLCMember2022-12-310001496099DCA Investment Holding, LLC, First lien - Undrawn 12022-12-310001496099DCA Investment Holding, LLC, First lien - Undrawn 22022-12-310001496099nmfc:UnfundedDebtSecuritiesMembernmfc:DCAInvestmentHoldingLLCMember2022-12-310001496099Foreside Financial Group, LLC, First lien - Undrawn 12022-12-310001496099Foreside Financial Group, LLC, First lien - Undrawn 22022-12-310001496099nmfc:UnfundedDebtSecuritiesMembernmfc:ForesideFinancialGroupLLCMember2022-12-310001496099FS WhiteWater Borrower, LLC, First lien - Undrawn 12022-12-310001496099FS WhiteWater Borrower, LLC, First lien - Undrawn 22022-12-310001496099nmfc:FSWhiteWaterBorrowerLLCMembernmfc:UnfundedDebtSecuritiesMember2022-12-310001496099Kaseya Inc., First lien - Undrawn 12022-12-310001496099Kaseya Inc., First lien - Undrawn 22022-12-310001496099nmfc:KnockoutIntermediateHoldingsIIncMembernmfc:UnfundedDebtSecuritiesMember2022-12-310001496099TigerConnect, Inc., First lien - Undrawn 12022-12-310001496099TigerConnect, Inc., First lien - Undrawn 22022-12-310001496099nmfc:UnfundedDebtSecuritiesMembernmfc:TigerConnectIncMember2022-12-310001496099MRI Software LLC, First lien - Undrawn 12022-12-310001496099MRI Software LLC, First lien - Undrawn 22022-12-310001496099nmfc:UnfundedDebtSecuritiesMembernmfc:MRISoftwareLLCMember2022-12-310001496099YLG Holdings, Inc., First lien - Undrawn2022-12-310001496099YLG Holdings, Inc., First lien) - Undrawn2022-12-310001496099nmfc:UnfundedDebtSecuritiesMembernmfc:YLGHoldingsIncMember2022-12-310001496099Fortis Solutions Group, LLC, First lien - Undrawn 12022-12-310001496099Fortis Solutions Group, LLC, First lien - Undrawn 22022-12-310001496099Fortis Solutions Group, LLC, First lien - Undrawn 32022-12-310001496099nmfc:UnfundedDebtSecuritiesMembernmfc:FortisSolutionsGroupLLCMember2022-12-310001496099ACI Group Holdings, Inc., First lien - Undrawn 12022-12-310001496099ACI Group Holdings, Inc., First lien - Undrawn 22022-12-310001496099nmfc:UnfundedDebtSecuritiesMembernmfc:ACIGroupHoldingsIncMember2022-12-310001496099AAH Topco, LLC, First lien - Undrawn 12022-12-310001496099AAH Topco, LLC, First lien - Undrawn2022-12-310001496099AAH Topco, LLC, First lien - Undrawn 22022-12-310001496099nmfc:UnfundedDebtSecuritiesMembernmfc:AAHTopcoLLCMember2022-12-310001496099AmeriVet Partners Management, Inc., First lien - Undrawn 12022-12-310001496099AmeriVet Partners Management, Inc., First lien - Undrawn 22022-12-310001496099nmfc:UnfundedDebtSecuritiesMembernmfc:AmeriVetPartnersManagementIncMember2022-12-310001496099DOCS, MSO, LLC, First lien - Undrawn 12022-12-310001496099DOCS, MSO, LLC, First lien - Undrawn2022-12-310001496099DOCS, MSO, LLC, First lien - Undrawn 22022-12-310001496099nmfc:UnfundedDebtSecuritiesMembernmfc:DOCSMSOLLCMember2022-12-310001496099Deca Dental Holdings LLC, First lien - Undrawn 12022-12-310001496099Deca Dental Holdings LLC, First lien - Undrawn 22022-12-310001496099nmfc:UnfundedDebtSecuritiesMembernmfc:DecaDentalHoldingsLLCMember2022-12-310001496099us-gaap:InvestmentUnaffiliatedIssuerMembercountry:USnmfc:UnfundedDebtSecuritiesMember2022-12-310001496099Tahoe Finco, LLC, First lien - Undrawn2022-12-310001496099country:NLus-gaap:InvestmentUnaffiliatedIssuerMembernmfc:UnfundedDebtSecuritiesMember2022-12-310001496099Atlas AU Bidco Pty Ltd, First lien - Undrawn2022-12-310001496099country:AUus-gaap:InvestmentUnaffiliatedIssuerMembernmfc:UnfundedDebtSecuritiesMember2022-12-310001496099us-gaap:InvestmentUnaffiliatedIssuerMembernmfc:UnfundedDebtSecuritiesMember2022-12-310001496099Edmentum Ultimate Holdings, LLC, Subordinated2022-12-310001496099Sierra Hamilton Holdings Corporation, Second lien2022-12-310001496099Permian Trust, First lien 12022-12-310001496099Permian Trust, First lien 22022-12-310001496099nmfc:FundedDebtSecuritiesMembernmfc:PermianTrustMember2022-12-310001496099country:USnmfc:FundedDebtSecuritiesMemberus-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2022-12-310001496099TVG-Edmentum Holdings, LLC, Ordinary shares2022-12-310001496099Sierra Hamilton Holdings Corporation, Ordinary shares 12022-12-310001496099Sierra Hamilton Holdings Corporation, Ordinary shares 22022-12-310001496099nmfc:SierraHamiltonHoldingsCorporationMemberus-gaap:EquitySecuritiesMember2022-12-310001496099country:USus-gaap:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:EquitySecuritiesMember2022-12-310001496099New Benevis Holdco, Inc., First lien 12022-12-310001496099New Benevis Holdco, Inc., First lien 22022-12-310001496099New Benevis Holdco, Inc., First lien 32022-12-310001496099New Benevis Holdco, Inc., Subordinated2022-12-310001496099nmfc:FundedDebtSecuritiesMembernmfc:NewBenevisHoldcoIncMember2022-12-310001496099UniTek Global Services, Inc., First lien 12022-12-310001496099UniTek Global Services, Inc., First lien 22022-12-310001496099UniTek Global Services, Inc., Second lien 12022-12-310001496099UniTek Global Services, Inc., Second lien 22022-12-310001496099nmfc:FundedDebtSecuritiesMembernmfc:UniTekGlobalServicesIncMember2022-12-310001496099New Permian Holdco, L.L.C., First lien2022-12-310001496099New Permian Holdco, L.L.C., First lien - Drawn2022-12-310001496099nmfc:FundedDebtSecuritiesMembernmfc:NewPermianHoldcoLLCMember2022-12-310001496099National HME, Inc., Second lien 12022-12-310001496099National HME, Inc., Second lien 22022-12-310001496099nmfc:FundedDebtSecuritiesMembernmfc:NationalHMEIncMember2022-12-310001496099country:USus-gaap:InvestmentAffiliatedIssuerControlledMembernmfc:FundedDebtSecuritiesMember2022-12-310001496099NMFC Senior Loan Program III LLC, Membership interest2022-12-310001496099NMFC Senior Loan Program IV LLC, Membership interest2022-12-310001496099NM NL Holdings, L.P., Membership interest2022-12-310001496099New Benevis Topco, LLC, Ordinary shares 12022-12-310001496099New Benevis Topco, LLC, Ordinary shares 22022-12-310001496099New Benevis Topco, LLC, Ordinary shares 32022-12-310001496099nmfc:NewBenevisTopcoLLCMemberus-gaap:EquitySecuritiesMember2022-12-310001496099Haven Midstream Holdings LLC, Ordinary shares2022-12-310001496099Haven Midstream Holdings LLC, Profit Interest2022-12-310001496099nmfc:HavenMidstreamHoldingsLLCMemberus-gaap:EquitySecuritiesMember2022-12-310001496099New Permian Holdco, Inc., Ordinary shares2022-12-310001496099UniTek Global Services, Inc., Preferred shares 12022-12-310001496099UniTek Global Services, Inc., Preferred shares 22022-12-310001496099UniTek Global Services, Inc., Preferred shares 32022-12-310001496099UniTek Global Services, Inc., Preferred shares 42022-12-310001496099UniTek Global Services, Inc., Preferred shares 52022-12-310001496099UniTek Global Services, Inc., Ordinary shares 12022-12-310001496099UniTek Global Services, Inc., Ordinary shares 22022-12-310001496099nmfc:UniTekGlobalServicesIncMemberus-gaap:EquitySecuritiesMember2022-12-310001496099NM CLFX LP, Membership interest2022-12-310001496099NM YI, LLC, Membership interest2022-12-310001496099NM GP Holdco, LLC, Membership interest2022-12-310001496099NHME Holdings Corp., Ordinary shares2022-12-310001496099NM GLCR LP, Membership interest2022-12-310001496099NM APP US LLC, Membership interest2022-12-310001496099NM DRVT LLC, Membership interest2022-12-310001496099NM JRA LLC, Membership interest2022-12-310001496099NM KRLN LLC, Membership interest2022-12-310001496099country:USus-gaap:InvestmentAffiliatedIssuerControlledMemberus-gaap:EquitySecuritiesMember2022-12-310001496099NM APP Canada Corp., Membership interest2022-12-310001496099us-gaap:InvestmentAffiliatedIssuerControlledMembercountry:CAus-gaap:EquitySecuritiesMember2022-12-310001496099us-gaap:InvestmentAffiliatedIssuerControlledMemberus-gaap:EquitySecuritiesMember2022-12-310001496099UniTek Global Services, Inc., Warrants2022-12-310001496099NHME Holdings Corp., Warrants2022-12-310001496099us-gaap:WarrantMembercountry:USus-gaap:InvestmentAffiliatedIssuerControlledMember2022-12-310001496099us-gaap:InvestmentAffiliatedIssuerControlledMembernmfc:FundedSecuritiesMember2022-12-310001496099New Permian Holdco, L.L.C., First lien - Undrawn2022-12-310001496099Haven Midstream LLC, First lien - Undrawn2022-12-310001496099country:USnmfc:UnfundedDebtSecuritiesMemberus-gaap:InvestmentAffiliatedIssuerControlledMember2022-12-310001496099Tennessee Bidco Limited, First lien - Drawn 12022-12-310001496099us-gaap:CommonClassBMembernmfc:QIDNGLLLCMember2022-01-012022-12-310001496099us-gaap:CommonClassBMembernmfc:QIDTRHHoldingsLLCMember2022-01-012022-12-310001496099OEConnection LLC, Second lien2022-12-310001496099OEC Holdco, LLC, Preferred shares2022-01-012022-12-310001496099Appriss Health Holdings, Inc, Wholly-owned subsidiaries2022-12-310001496099Appriss Health Intermediate Holdings, Inc., Preferred shares2022-01-012022-12-310001496099TVG-Edmentum Holdings, LLC, Ordinary shares2022-01-012022-12-310001496099UniTek Global Services, Inc., Preferred shares 4 and UniTek Global Services, Inc., Preferred shares 52022-01-012022-12-310001496099UniTek Global Services, Inc., Preferred shares 32022-01-012022-12-310001496099UniTek Global Services, Inc., Preferred shares 1 and UniTek Global Services, Inc., Preferred shares 22022-01-012022-12-310001496099Bach Special Limited (Bach Preference Limited), Preferred shares2022-01-012022-12-310001496099Dealer Tire Holdings, LLC, Preferred shares2022-01-012022-12-310001496099Symplr Software Intermediate Holdings, Inc., Preferred shares2022-01-012022-12-310001496099Project Essential Super Parent, Inc., Preferred shares2022-01-012022-12-310001496099Diamond Parent Holdings Corp, Wholly-owned subsidiaries2022-12-310001496099Diligent Corporation, First lien2022-12-310001496099Diligent Preferred Issuer, Inc., Preferred shares2022-01-012022-12-310001496099ACI Parent Inc., Preferred shares2022-01-012022-12-310001496099HB Wealth Management, LLC, Preferred shares2022-01-012022-12-310001496099FS WhiteWater Borrower, LLC, First lien2022-12-310001496099Knockout Intermediate Holdings I, Preferred 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Holdings, Inc.2023-09-300001496099Ansira Holdings, Inc., Non-accrual status2023-07-012023-09-300001496099Ansira Holdings, Inc., Non-accrual status2023-01-012023-09-300001496099Integro Parent Inc., Second lien, Non-accrual status2022-06-300001496099Integro Parent Inc., Second lien, Non-accrual status2023-07-012023-09-300001496099Integro Parent Inc., Second lien, Non-accrual status2023-01-012023-09-300001496099National HME, Inc., Second lien, Non-accrual status2023-07-012023-09-300001496099National HME, Inc., Second lien, Non-accrual status2023-01-012023-09-300001496099National HME, Inc., Second lien2022-10-012022-12-310001496099American Achievement Corporation (aka AAC Holding Corp.), Subordinated, Non-accrual status2021-03-310001496099American Achievement Corporation (aka AAC Holding Corp.), First lien, Non-accrual status2021-09-300001496099American Achievement Corporation (aka AAC Holding Corp.), First lien, Non-accrual status2023-09-300001496099American Achievement Corporation (aka AAC Holding Corp.), Non-accrual status2023-09-300001496099American Achievement Corporation (aka AAC Holding Corp.), Non-accrual status2023-07-012023-09-300001496099American Achievement Corporation (aka AAC Holding Corp.), Non-accrual status2023-01-012023-09-300001496099UniTek Global Services, Inc., Junior preferred shares, Non-accrual status2023-09-300001496099UniTek Global Services, Inc., Junior preferred shares, Non-accrual status2023-07-012023-09-300001496099UniTek Global Services, Inc., Junior preferred shares, Non-accrual status2023-01-012023-09-300001496099UniTek Global Services, Inc., Senior preferred shares, Non-accrual status2021-09-300001496099UniTek Global Services, Inc., Senior preferred shares, Non-accrual status2023-09-300001496099UniTek Global Services, Inc., Senior preferred shares, Non-accrual status2023-07-012023-09-300001496099UniTek Global Services, Inc., Senior preferred shares, Non-accrual status2023-01-012023-09-300001496099Education Management II LLC, First 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Portfolio Company Investment2023-09-300001496099nmfc:NMFCSeniorLoanProgramIIILLCMemberLargest Portfolio Company Investment2022-12-310001496099Top Five Largest Portfolio Company Investmentsnmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Top Five Largest Portfolio Company Investmentsnmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099ADMI Corp. (aka Aspen Dental), First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099AG Parent Holdings, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Aretec Group, Inc. (fka RCS Capital Corporation), First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Artera Services, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Ascensus Group Holdings, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099nmfc:NMFCSeniorLoanProgramIIILLCMemberAssuredPartners, Inc., First lien - Funded2023-09-300001496099Aston FinCo S.a.r.l. / Aston US Finco, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099athenahealth Group Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099nmfc:NMFCSeniorLoanProgramIIILLCMemberBCPE Empire Holdings, Inc., First lien - Funded2023-09-300001496099Bella Holding Company, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Bracket Intermediate Holding Corp., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Brave Parent Holdings, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Brown Group Holding, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Cardinal Parent, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099CE Intermediate I, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099CentralSquare Technologies, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099CHA Holdings, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099CommerceHub, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099CommerceHub, Inc., First lien - Funded 1nmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Confluent Health, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Confluent Medical Technologies, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Convey Health Solutions, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Cornerstone OnDemand, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Covenant Surgical Partners, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Covenant Surgical Partners, Inc., First lien - Funded 1nmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099CRCI Longhorn Holdings, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099CVET Midco 2, L.P., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Dealer Tire Financial, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099DG Investment Intermediate Holdings 2, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099nmfc:NMFCSeniorLoanProgramIIILLCMemberDiscovery Purchaser Corporation, First lien - Funded2023-09-300001496099Dispatch Acquisition Holdings, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099EAB Global, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Eagle Parent Corp., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Eisner Advisory Group LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Enverus Holdings, Inc. (fka Drilling Info Holdings, Inc.), First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099eResearchTechnology, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099EyeCare Partners, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Foundational Education Group, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Greenway Health, LLC (fka Vitera Healthcare Solutions, LLC), First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Groundworks, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Heartland Dental, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Help/Systems Holdings, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Higginbotham Insurance Agency, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099HighTower Holding, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Houghton Mifflin Harcourt Company, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Hub International Limited, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Idera, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Kestra Advisor Services Holdings A, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099LI Group Holdings, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099LSCS Holdings, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Maverick Bidco Inc., First lien - Funded 1nmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Maverick Bidco Inc., First lien - Funded 2nmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Maverick Bidco Inc., First lien - Funded 3nmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099nmfc:NMFCSeniorLoanProgramIIILLCMemberMavis Tire Express Services Topco Corp., First lien - Funded2023-09-300001496099MED ParentCo, LP, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099MH Sub I, LLC (Micro Holding Corp.), First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Netsmart, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Nielsen Consumer Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099OMNIA Partners, LLC , First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Optiv Parent Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Osaic Holdings, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099nmfc:NMFCSeniorLoanProgramIIILLCMemberPearls (Netherlands) Bidco B.V., First lien - Funded2023-09-300001496099Peraton Corp., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099PetVet Care Centers, LLC (fka Pearl Intermediate Parent LLC), First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Physician Partners, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Planview Parent, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Premise Health Holding Corp., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099nmfc:NMFCSeniorLoanProgramIIILLCMemberProject Ruby Ultimate Parent Corp., First lien - Funded2023-09-300001496099Project Ruby Ultimate Parent Corp., First lien - Funded 1nmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099RealPage, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Renaissance Holding Corp., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099RLG Holdings, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099RxB Holdings, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099RxB Holdings, Inc., First lien - Funded 1nmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Sierra Enterprises, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Snap One Holdings Corp., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Spring Education Group, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Spring Education Group, Inc., First lien - Funded 1nmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Storable, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Symplr Software, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Syndigo LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099nmfc:NMFCSeniorLoanProgramIIILLCMemberTherapy Brands Holdings LLC, First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIIILLCMemberThermostat Purchaser III, Inc., First lien - Funded2023-09-300001496099TMF Sapphire Bidco B.V., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099TRC Companies LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099nmfc:NMFCSeniorLoanProgramIIILLCMemberUKG Inc., First lien - Funded2023-09-300001496099USI, Inc. , First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Valcour Packaging, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099WatchGuard Technologies, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Waystar Technologies, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099nmfc:NMFCSeniorLoanProgramIIILLCMemberWrench Group LLC, First lien - Funded2023-09-300001496099Wrench Group LLC, First lien - Funded 1nmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099YI, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Zest Acquisition Corp., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099nmfc:FundedSecuritiesMembernmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099Groundworks, LLC, First lien - Unfundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099OMNIA Partners, LLC , First lien - Unfundednmfc:NMFCSeniorLoanProgramIIILLCMember2023-09-300001496099ADMI Corp. (aka Aspen Dental), First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Advisor Group Holdings, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099AG Parent Holdings, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Artera Services, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099nmfc:NMFCSeniorLoanProgramIIILLCMemberAssuredPartners, Inc., First lien - Funded2022-12-310001496099Aston FinCo S.a.r.l. / Aston US Finco, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099athenahealth Group Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099BCPE Empire Holdings, Inc., First lien - Funded 1nmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099BCPE Empire Holdings, Inc., First lien - Funded 2nmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Bella Holding Company, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Bluefin Holding, LLC, First lien - Funded 1nmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Bluefin Holding, LLC, First lien - Funded 2nmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Bracket Intermediate Holding Corp., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Brave Parent Holdings, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Brown Group Holding, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099nmfc:NMFCSeniorLoanProgramIIILLCMemberCano Health, LLC, First lien - Funded2022-12-310001496099Cardinal Parent, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099CE Intermediate I, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099CentralSquare Technologies, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099CHA Holdings, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099CommerceHub, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Confluent Health, LLC, First lien - Funded 1nmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Confluent Health, LLC, First lien - Funded 2nmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Confluent Medical Technologies, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Convey Health Solutions, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Cornerstone OnDemand, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Covenant Surgical Partners, Inc., First lien - Funded 1nmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Covenant Surgical Partners, Inc., First lien - Funded 2nmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099CRCI Longhorn Holdings, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099CVET Midco 2, L.P., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099DG Investment Intermediate Holdings 2, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Dealer Tire Financial, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099nmfc:NMFCSeniorLoanProgramIIILLCMemberDiscovery Purchaser Corporation, First lien - Funded2022-12-310001496099Dispatch Acquisition Holdings, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Drilling Info Holdings, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099EAB Global, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Energize Holdco LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099eResearchTechnology, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099EyeCare Partners, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Foundational Education Group, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Greenway Health, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Heartland Dental, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Help/Systems Holdings, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Higginbotham Insurance Agency, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099HighTower Holding, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Houghton Mifflin Harcourt Company, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Idera, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Kestra Advisor Services Holdings A, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099LI Group Holdings, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099LSCS Holdings, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Mamba Purchaser, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Maverick Bidco Inc., First lien - Funded 1nmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Maverick Bidco Inc., First lien - Funded 2nmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099nmfc:NMFCSeniorLoanProgramIIILLCMemberMavis Tire Express Services Topco Corp., First lien - Funded2022-12-310001496099MED ParentCo, LP, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Mercury Borrower, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099MH Sub I, LLC (Micro Holding Corp.), First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Mitnick Corporate Purchaser, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099nmfc:NMFCSeniorLoanProgramIIILLCMemberNational Intergovernmental Purchasing Alliance Company, First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIIILLCMemberNavex Topco, Inc., First lien - Funded2022-12-310001496099Netsmart, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099nmfc:NMFCSeniorLoanProgramIIILLCMemberOutcomes Group Holdings, Inc., First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIIILLCMemberPearls (Netherlands) Bidco B.V., First lien - Funded2022-12-310001496099Peraton Corp., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099PetVet Care Centers, LLC (fka Pearl Intermediate Parent LLC), First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Physician Partners, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Planview Parent, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Premise Health Holding Corp., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Project Ruby Ultimate Parent Corp., First lien - Funded 1nmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Project Ruby Ultimate Parent Corp., First lien - Funded 2nmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099RealPage, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099RLG Holdings, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Sierra Enterprises, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Snap One Holdings Corp., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Sovos Brands Intermediate, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Spring Education Group, Inc. (fka SSH Group Holdings, Inc.), First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Storable, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Symplr Software, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Syndigo LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099nmfc:NMFCSeniorLoanProgramIIILLCMemberTherapy Brands Holdings LLC, First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIIILLCMemberThermostat Purchaser III, Inc., First lien - Funded2022-12-310001496099USI, Inc. (fka Compass Investors Inc.), First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Valcour Packaging, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099VT Topco, Inc., First lien - Funded 1nmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099VT Topco, Inc., First lien - Funded 2nmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099VT Topco, Inc., First lien - Funded 3nmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099WatchGuard Technologies, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Waystar Technologies, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099WP CityMD Bidco LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099nmfc:NMFCSeniorLoanProgramIIILLCMemberWrench Group LLC, First lien - Funded2022-12-310001496099YI, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099nmfc:FundedSecuritiesMembernmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099athenahealth Group Inc., First lien - Unfundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Confluent Health, LLC, First lien - Unfundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099Thermostat Purchaser III, Inc., First lien - Unfundednmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099nmfc:NMFCSeniorLoanProgramIIILLCMemberVT Topco, Inc., First lien - Unfunded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIIILLCMember2023-07-012023-09-300001496099nmfc:NMFCSeniorLoanProgramIIILLCMember2022-07-012022-09-300001496099nmfc:NMFCSeniorLoanProgramIIILLCMember2022-01-012022-09-300001496099nmfc:NMFCSeniorLoanProgramIIILLCMember2023-07-012023-09-300001496099nmfc:NMFCSeniorLoanProgramIIILLCMember2023-01-012023-09-300001496099nmfc:NMFCSeniorLoanProgramIIILLCMember2022-07-012022-09-300001496099nmfc:NMFCSeniorLoanProgramIIILLCMember2022-01-012022-09-300001496099nmfc:NMFCSeniorLoanProgramIIILLCMember2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMember2023-01-012023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMember2023-09-300001496099nmfc:SkyKnightIncomeAlphaLLCMembernmfc:NMFCSeniorLoanProgramIVLLCMember2023-09-300001496099us-gaap:LineOfCreditMembernmfc:NMFCSeniorLoanProgramIVLLCMemberus-gaap:RevolvingCreditFacilityMember2021-05-050001496099us-gaap:LineOfCreditMembernmfc:NMFCSeniorLoanProgramIVLLCMembernmfc:SecuredOvernightFinancingRateSOFRMemberus-gaap:RevolvingCreditFacilityMember2023-04-282023-04-280001496099us-gaap:LineOfCreditMembernmfc:LondonInterbankOfferedRateLIBOR1Membernmfc:NMFCSeniorLoanProgramIVLLCMemberus-gaap:RevolvingCreditFacilityMember2021-05-052021-05-050001496099nmfc:NMFCSeniorLoanProgramIVLLCMember2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMember2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMembernmfc:UnfundedSecuritiesMember2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMembernmfc:UnfundedSecuritiesMember2022-12-310001496099nmfc:DebtSecuritiesFirstLienMembernmfc:NMFCSeniorLoanProgramIVLLCMember2023-09-300001496099nmfc:DebtSecuritiesFirstLienMembernmfc:NMFCSeniorLoanProgramIVLLCMember2022-12-310001496099nmfc:DebtSecuritiesFirstLienMembernmfc:NMFCSeniorLoanProgramIVLLCMembersrt:WeightedAverageMember2023-09-300001496099nmfc:DebtSecuritiesFirstLienMembernmfc:NMFCSeniorLoanProgramIVLLCMembersrt:WeightedAverageMember2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberLargest Portfolio Company Investment2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberLargest Portfolio Company Investment2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberTop Five Largest Portfolio Company Investments2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberTop Five Largest Portfolio Company Investments2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberADG, LLC, First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberADMI Corp. (aka Aspen Dental), First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberAretec Group, Inc. (fka RCS Capital Corporation), First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberArtera Services, LLC, First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberAscensus Group Holdings, Inc., First lien - Funded2023-09-300001496099athenahealth Group Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIVLLCMember2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberBarracuda Parent, LLC, First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberBayou Intermediate II, LLC, First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberBCPE Empire Holdings, Inc., First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberBella Holding Company, LLC, First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberBleriot US Bidco Inc., First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberBracket Intermediate Holding Corp., First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberBrave Parent Holdings, Inc., First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberBrown Group Holding, LLC, First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberCE Intermediate I, LLC, First lien - Funded2023-09-300001496099CentralSquare Technologies, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIVLLCMember2023-09-300001496099CHA Holdings, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIVLLCMember2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberCHA Holdings, Inc., First lien - Funded 12023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberConfluent Health, LLC, First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberConfluent Medical Technologies, Inc., First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberConvey Health Solutions, Inc., First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberCornerstone OnDemand, Inc., First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberCVET Midco 2, L.P., First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberDealer Tire Financial, LLC, First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberDiscovery Purchaser Corporation, First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberDispatch Acquisition Holdings, LLC, First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberEAB Global, Inc., First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberEisner Advisory Group LLC, First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberEmerald 2 Limited, First lien - Funded2023-09-300001496099Enverus Holdings, Inc. (fka Drilling Info Holdings, Inc.), First lien - Fundednmfc:NMFCSeniorLoanProgramIVLLCMember2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMembereResearchTechnology, Inc., First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberEyeCare Partners, LLC, First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberFoundational Education Group, Inc., First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberGeo Parent Corporation, First lien - Funded2023-09-300001496099Greenway Health, LLC (fka Vitera Healthcare Solutions, LLC), First lien - Fundednmfc:NMFCSeniorLoanProgramIVLLCMember2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberHeartland Dental, LLC, First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberHelp/Systems Holdings, Inc., First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberHoughton Mifflin Harcourt Company, First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberHub International Limited, First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberHunter Holdco 3 Limited, First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberIdera, Inc., First lien - Funded2023-09-300001496099Kestra Advisor Services Holdings A, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIVLLCMember2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberLSCS Holdings, Inc., First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberMandolin Technology Intermediate Holdings, Inc., First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberMaverick Bidco Inc., First lien - Funded - 12023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberMaverick Bidco Inc., First lien - Funded - 22023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberMavis Tire Express Services Topco Corp., First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberMH Sub I, LLC (Micro Holding Corp.), First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberNetsmart, Inc., First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberNielsen Consumer Inc., First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberOEConnection LLC, First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberOMNIA Partners, LLC , First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberOptiv Parent Inc., First lien - Funded2023-09-300001496099Osaic Holdings, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIVLLCMember2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberPearls (Netherlands) Bidco B.V., First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberPetVet Care Centers, LLC (fka Pearl Intermediate Parent LLC), First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberPhysician Partners, LLC, First lien - Funded2023-09-300001496099Premise Health Holding Corp., First lien - Fundednmfc:NMFCSeniorLoanProgramIVLLCMember2023-09-300001496099RealPage, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIVLLCMember2023-09-300001496099Renaissance Holding Corp., First lien - Fundednmfc:NMFCSeniorLoanProgramIVLLCMember2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberSierra Enterprises, LLC, First lien - Funded2023-09-300001496099Snap One Holdings Corp., First lien - Fundednmfc:NMFCSeniorLoanProgramIVLLCMember2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberSovos Brands Intermediate, Inc., First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberSpring Education Group, Inc., First lien - Funded2023-09-300001496099STATS Intermediate Holdings, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIVLLCMember2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberStorable, Inc., First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberSymplr Software, Inc., First lien - Funded2023-09-300001496099Syndigo LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIVLLCMember2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberTherapy Brands Holdings LLC, First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberThermostat Purchaser III, Inc., First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberTRC Companies LLC, First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberUSIC Holdings, Inc., First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberValcour Packaging, LLC, First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberVT Topco, Inc., First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberWatchGuard Technologies, Inc., First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberWrench Group LLC, First lien - Funded2023-09-300001496099YI, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIVLLCMember2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberZest Acquisition Corp., First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberZone Climate Services, Inc., First lien - Funded2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberZone Climate Services, Inc., First lien - Funded 12023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMembernmfc:FundedSecuritiesMember2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberOMNIA Partners, LLC , First lien - Unfunded 2023-09-300001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberADG, LLC, First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberADMI Corp. (aka Aspen Dental), First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberAdvisor Group Holdings, Inc., First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberArtera Services, LLC, First lien - Funded2022-12-310001496099athenahealth Group Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIVLLCMember2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberBarracuda Parent, LLC, First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberBayou Intermediate II, LLC, First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberBella Holding Company, LLC, First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberBleriot US Bidco Inc., First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberBracket Intermediate Holding Corp., First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberBrave Parent Holdings, Inc., First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberBrown Group Holding, LLC, First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberCano Health, LLC, First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberCE Intermediate I, LLC, First lien - Funded2022-12-310001496099CentralSquare Technologies, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIVLLCMember2022-12-310001496099Certara Holdco, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIVLLCMember2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberCHA Holdings, Inc., First lien - Funded 12022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberCHA Holdings, Inc., First lien - Funded 22022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberConfluent Health, LLC, First lien - Funded 12022-12-310001496099Confluent Health, LLC, First lien - Funded 2nmfc:NMFCSeniorLoanProgramIVLLCMember2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberConfluent Medical Technologies, Inc., First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberConvey Health Solutions, Inc., First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberCornerstone OnDemand, Inc., First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberCVET Midco 2, L.P., First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberDealer Tire Financial, LLC, First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberDiscovery Purchaser Corporation, First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberDispatch Acquisition Holdings, LLC, First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberDrilling Info Holdings, Inc., First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberEAB Global, Inc., First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberEmerald 2 Limited, First lien - Funded2022-12-310001496099Energize Holdco LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIVLLCMember2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMembereResearchTechnology, Inc., First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberEyeCare Partners, LLC, First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberFoundational Education Group, Inc., First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberGeo Parent Corporation, First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberGreenway Health, LLC, First lien - Funded2022-12-310001496099Heartland Dental, LLC, First lien - Funded 1nmfc:NMFCSeniorLoanProgramIVLLCMember2022-12-310001496099Heartland Dental, LLC, First lien - Funded 2nmfc:NMFCSeniorLoanProgramIVLLCMember2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberHelp/Systems Holdings, Inc., First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberHoughton Mifflin Harcourt Company, First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberHunter Holdco 3 Limited, First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberIdera, Inc., First lien - Funded2022-12-310001496099Kestra Advisor Services Holdings A, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIVLLCMember2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberLSCS Holdings, Inc., First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberMamba Purchaser, Inc., First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberMandolin Technology Intermediate Holdings, Inc., First lien - Funded2022-12-310001496099Maverick Bidco Inc., First lien - Funded 1nmfc:NMFCSeniorLoanProgramIVLLCMember2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberMaverick Bidco Inc., First lien - Funded 22022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberMavis Tire Express Services Topco Corp., First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberMercury Borrower, Inc., First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberMH Sub I, LLC (Micro Holding Corp.), First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberNational Intergovernmental Purchasing Alliance Company, First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberNetsmart, Inc., First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberOEConnection LLC, First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberPearls (Netherlands) Bidco B.V., First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberPetVet Care Centers, LLC (fka Pearl Intermediate Parent LLC), First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberPhysician Partners, LLC, First lien - Funded2022-12-310001496099Premise Health Holding Corp., First lien - Fundednmfc:NMFCSeniorLoanProgramIVLLCMember2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberProject Boost Purchaser, LLC, First lien - Funded2022-12-310001496099RealPage, Inc., First lien - Fundednmfc:NMFCSeniorLoanProgramIVLLCMember2022-12-310001496099RLG Holdings, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIVLLCMember2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberSierra Enterprises, LLC, First lien - Funded2022-12-310001496099Snap One Holdings Corp., First lien - Fundednmfc:NMFCSeniorLoanProgramIVLLCMember2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberSovos Brands Intermediate, Inc., First lien - Funded2022-12-310001496099STATS Intermediate Holdings, LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIVLLCMember2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberStorable, Inc., First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberSymplr Software, Inc., First lien - Funded2022-12-310001496099Syndigo LLC, First lien - Fundednmfc:NMFCSeniorLoanProgramIVLLCMember2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberTherapy Brands Holdings LLC, First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberThermostat Purchaser III, Inc., First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberUSIC Holdings, Inc., First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberValcour Packaging, LLC, First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberVirtusa Corporation, First lien - Funded2022-12-310001496099VT Topco, Inc., First lien - Funded 1nmfc:NMFCSeniorLoanProgramIVLLCMember2022-12-310001496099VT Topco, Inc., First lien - Funded 2nmfc:NMFCSeniorLoanProgramIVLLCMember2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberWatchGuard Technologies, Inc., First lien - Funded2022-12-310001496099nmfc:NMFCSeniorLoanProgramIVLLCMemberWrench Group LLC, First lien - Funded2022-12-310001496099YI, LLC, First lien - 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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

ý      Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the Quarterly Period Ended September 30, 2023

o         Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Commission File Number

Exact name of registrant as specified in its charter, address of principal executive offices, telephone numbers and states or other jurisdictions of incorporation or organization

I.R.S. Employer Identification Number

814-00832

New Mountain Finance Corporation

27-2978010

1633 Broadway, 48th Floor New York, New York 10019 Telephone: (212) 720-0300 State of Incorporation: Delaware

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common stock, par value $0.01 per share

NMFC

The NASDAQ Global Select Market

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 (the "Exchange Act") during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ý No o

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ý No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer

ý

Accelerated filer

o

Non-accelerated filer

o

Smaller reporting company

o

Emerging growth company

o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No ý

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

Description						Shares as of November 2, 2023
Common stock, par value $0.01 per share						101,439,649

---

Table of Contents

FORM 10-Q FOR THE QUARTER ENDED SEPTEMBER 30, 2023

TABLE OF CONTENTS

						PAGE
PART I. FINANCIAL INFORMATION
Item 1.			Financial Statements
			New Mountain Finance Corporation
			Consolidated Statements of Assets and Liabilities as of September 30, 2023 (unaudited) and December 31, 2022			3
			Consolidated Statements of Operations for the three and nine months ended September 30, 2023 (unaudited) and September 30, 2022 (unaudited)			4
			Consolidated Statements of Changes in Net Assets for the three and nine months ended September 30, 2023 (unaudited) and September 30, 2022 (unaudited)			5
			Consolidated Statements of Cash Flows for the nine months ended September 30, 2023 (unaudited) and September 30, 2022 (unaudited)			6
			Consolidated Schedule of Investments as of September 30, 2023 (unaudited)			7
			Consolidated Schedule of Investments as of December 31, 2022			34
			Notes to the Consolidated Financial Statements of New Mountain Finance Corporation (unaudited)			61
			Report of Independent Registered Public Accounting Firm			108
Item 2.			Management’s Discussion and Analysis of Financial Condition and Results of Operations			109
Item 3.			Quantitative and Qualitative Disclosures About Market Risk			134
Item 4.			Controls and Procedures			135
PART II. OTHER INFORMATION						136
Item 1.			Legal Proceedings			136
Item 1A.			Risk Factors			136
Item 2.			Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities			138
Item 3.			Defaults Upon Senior Securities			138
Item 4.			Mine Safety Disclosures			138
Item 5.			Other Information			138
Item 6.			Exhibits			140
			Signatures			142

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PART I. FINANCIAL INFORMATION

Item 1.    Financial Statements

New Mountain Finance Corporation

 

Consolidated Statements of Assets and Liabilities

(in thousands, except shares and per share data)

(unaudited)

			September 30, 2023						December 31, 2022
Assets
Investments at fair value
Non-controlled/non-affiliated investments (cost of $2,429,421 and $2,523,522, respectively)			$	2,318,232					$	2,400,425
Non-controlled/affiliated investments (cost of $105,889 and $85,971, respectively)			135,875						130,787
Controlled investments (cost of $633,409 and $650,474, respectively)			657,796						690,035
Total investments at fair value (cost of $3,168,719 and $3,259,967, respectively)			3,111,903						3,221,247
Securities purchased under collateralized agreements to resell (cost of $30,000 and $30,000, respectively)			16,500						16,539
Cash and cash equivalents			83,265						71,190
Interest and dividend receivable			45,602						36,154
Other assets			22,316						9,797
Total assets			$	3,279,586					$	3,354,927
Liabilities
Borrowings
Holdings Credit Facility			$	569,563					$	618,963
Unsecured Notes			391,500						531,500
SBA-guaranteed debentures			300,000						300,000
Convertible Notes			260,236						316,853
NMFC Credit Facility			192,115						40,359
DB Credit Facility			186,400						186,400
NMNLC Credit Facility II			2,858						3,785
Deferred financing costs (net of accumulated amortization of $52,507 and $47,531, respectively)			(13,515)						(17,199)
Net borrowings			1,889,157						1,980,661
Interest payable			23,202						19,627
Management fee payable			10,321						10,524
Incentive fee payable			10,169						6,296
Payable for unsettled securities purchased			4,678						—
Deferred tax liability			2,790						8,487
Payable to affiliates			256						78
Other liabilities			2,319						3,063
Total liabilities			1,942,892						2,028,736
Commitments and contingencies (See Note 9)
Net assets
Preferred stock, par value $0.01 per share, 2,000,000 shares authorized, none issued			—						—
Common stock, par value $0.01 per share, 200,000,000 shares authorized, and 101,439,649 and 100,937,026 shares issued and outstanding, respectively			1,014						1,009
Paid in capital in excess of par			1,312,352						1,305,945
Accumulated undistributed earnings			11,652						7,519
Total net assets of New Mountain Finance Corporation			$	1,325,018					$	1,314,473
Non-controlling interest in New Mountain Net Lease Corporation			11,676						11,718
Total net assets			$	1,336,694					$	1,326,191
Total liabilities and net assets			$	3,279,586					$	3,354,927
Number of shares outstanding			101,439,649						100,937,026
Net asset value per share of New Mountain Finance Corporation			$	13.06					$	13.02

The accompanying notes are an integral part of these consolidated financial statements.

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New Mountain Finance Corporation

 

Consolidated Statements of Operations

(in thousands, except shares and per share data)

(unaudited)

			Three Months Ended												Nine Months Ended
			September 30, 2023						September 30, 2022						September 30, 2023						September 30, 2022
Investment income
From non-controlled/non-affiliated investments:
Interest income (excluding Payment-in-kind ("PIK") interest income)			$	63,892					$	49,401					$	189,299					$	127,934
PIK interest income			4,061						2,688						11,772						8,924
Dividend income			49						9						143						144
Non-cash dividend income			4,458						3,837						12,929						10,111
Other income			791						1,517						3,395						7,435
From non-controlled/affiliated investments:
Interest income (excluding PIK interest income)			884						270						1,576						788
PIK interest income			265						264						1,370						773
Non-cash dividend income			1,173						1,042						3,417						3,036
Other income			63						62						189						187
From controlled investments:
Interest income (excluding PIK interest income)			1,351						2,914						4,038						6,285
PIK interest income			3,591						3,241						11,665						12,296
Dividend income			11,041						9,867						34,179						32,183
Non-cash dividend income			1,357						1,116						3,879						3,191
Other income			1,373						2,221						3,943						7,235
Total investment income			94,349						78,449						281,794						220,522
Expenses
Interest and other financing expenses			31,425						24,648						93,921						63,957
Management fee			11,334						11,717						34,549						35,040
Incentive fee			10,169						8,202						29,748						23,605
Administrative expenses			995						881						2,996						3,022
Professional fees			850						775						2,818						2,529
Other general and administrative expenses			542						545						1,543						1,540
Total expenses			55,315						46,768						165,575						129,693
Less: management fee waived (See Note 5)			(1,013)						(1,115)						(3,172)						(3,349)
Less: expenses waived and reimbursed (See Note 5)			—						—						—						(238)
Net expenses			54,302						45,653						162,403						126,106
Net investment income before income taxes			40,047						32,796						119,391						94,416
Income tax (benefit) expense			(627)						(13)						401						(5)
Net investment income			40,674						32,809						118,990						94,421
Net realized gains (losses):
Non-controlled/non-affiliated investments			113						(239)						(8,509)						(903)
Controlled investments			4,560						17						16,413						36,371
Foreign currency			—						(166)						13						219
Net change in unrealized (depreciation) appreciation:
Non-controlled/non-affiliated investments			12,419						(31,944)						11,664						(56,975)
Non-controlled/affiliated investments			(14,815)						(13,381)						(14,830)						377
Controlled investments			(14,483)						20,398						(15,174)						(11,036)
Securities purchased under collateralized agreements to resell			—						—						(39)						(2,021)
Foreign currency			(60)						(10)						(5)						(625)
Benefit (provision) for taxes			291						30						66						(127)
Net realized and unrealized losses			(11,975)						(25,295)						(10,401)						(34,720)
Net increase in net assets resulting from operations			28,699						7,514						108,589						59,701
Less: Net (increase) decrease in net assets resulting from operations related to non-controlling interest in New Mountain Net Lease Corporation			(3)						191						(490)						150
Net increase in net assets resulting from operations related to New Mountain Finance Corporation			$	28,696					$	7,705					$	108,099					$	59,851
Basic earnings per share			$	0.28					$	0.08					$	1.07					$	0.60
Weighted average shares of common stock outstanding - basic (See Note 11)			100,954,898						100,830,075						100,943,049						99,955,432
Diluted earnings per share			$	0.27					$	0.08					$	0.98					$	0.59
Weighted average shares of common stock outstanding - diluted (See Note 11)			123,183,269						114,087,660						124,595,709						113,213,017
Distributions declared and paid per share			$	0.36					$	0.30					$	1.03					$	0.90

The accompanying notes are an integral part of these consolidated financial statements.

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New Mountain Finance Corporation

 

Consolidated Statements of Changes in Net Assets

(in thousands, except shares and per share data)

(unaudited)

			Three Months Ended												Nine Months Ended
			September 30, 2023						September 30, 2022						September 30, 2023						September 30, 2022
Increase (decrease) in net assets resulting from operations:
Net investment income			$	40,674					$	32,809					$	118,990					$	94,421
Net realized gains (losses) on investments and foreign currency			4,673						(388)						7,917						35,687
Net change in unrealized depreciation of investments and foreign currency			(16,939)						(24,937)						(18,345)						(68,259)
Net change in unrealized depreciation of securities purchased under collateralized agreements to resell			—						—						(39)						(2,021)
Benefit (provision) for taxes			291						30						66						(127)
Net increase in net assets resulting from operations			28,699						7,514						108,589						59,701
Less: Net (increase) decrease in net assets resulting from operations related to non-controlling interest in New Mountain Net Lease Corporation ("NMNLC")			(3)						191						(490)						150
Net increase in net assets resulting from operations related to New Mountain Finance Corporation			28,696						7,705						108,099						59,851
Capital transactions
Net proceeds from shares sold			6,625						2,955						6,625						40,006
Offering costs			(66)						(34)						(213)						(160)
Distributions declared to stockholders from net investment income			(36,338)						(30,281)						(103,966)						(90,085)
Reinvestment of distributions			—						—						—						1,098
Total net decrease in net assets resulting from capital transactions			(29,779)						(27,360)						(97,554)						(49,141)
Net (decrease) increase in net assets			(1,083)						(19,655)						10,545						10,710
New Mountain Finance Corporation net assets at the beginning of the period			1,326,101						1,351,610						1,314,473						1,321,245
New Mountain Finance Corporation net assets at the end of the period			1,325,018						1,331,955						1,325,018						1,331,955
Non-controlling interest in NMNLC			11,676						13,143						11,676						13,143
Net assets at the end of the period			$	1,336,694					$	1,345,098					$	1,336,694					$	1,345,098
Capital share activity
Shares sold			502,623						220,098						502,623						2,950,300
Shares issued from the reinvestment of distributions			—						—						—						79,285
Net increase in shares outstanding			502,623						220,098						502,623						3,029,585

The accompanying notes are an integral part of these consolidated financial statements.

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New Mountain Finance Corporation

 

Consolidated Statements of Cash Flows

(in thousands)

(unaudited)

			Nine Months Ended
			September 30, 2023						September 30, 2022
Cash flows from operating activities
Net increase in net assets resulting from operations			$	108,589					$	59,701
Adjustments to reconcile net increase in net assets resulting from operations to net cash (used in) provided by operating activities:
Net realized gains on investments			(7,904)						(35,468)
Net realized gains on translation of assets and liabilities in foreign currencies			(13)						(219)
Net change in unrealized depreciation of investments			18,340						67,634
Net change in unrealized depreciation on translation of assets and liabilities in foreign currencies			5						625
Net change in unrealized depreciation of securities purchased under collateralized agreements to resell			39						2,021
Amortization of purchase discount			(4,082)						(4,437)
Amortization of deferred financing costs			5,002						5,082
Amortization of premium on Convertible Notes			(101)						(77)
Non-cash investment income			(42,456)						(35,585)
Decrease (Increase) in operating assets:
Purchase of investments and delayed draw facilities			(140,568)						(526,743)
Proceeds from sales and paydowns of investments			282,741						466,516
Cash received for purchase of undrawn portion of revolving credit or delayed draw facilities			110						321
Cash paid for purchase of drawn portion of revolving credit facilities			—						(185)
Cash paid on drawn revolvers			(20,865)						(30,438)
Cash repayments on drawn revolvers			24,270						33,589
Interest and dividend receivable			(9,429)						(3,050)
Other assets			(12,408)						(275)
Increase (decrease) in operating liabilities:
Management fee payable			(203)						438
Incentive fee payable			3,873						699
Payable for unsettled securities purchased			4,678						(7,910)
Payable to affiliates			178						(281)
Interest payable			3,575						(5,174)
Deferred tax liability			(5,697)						127
Other liabilities			(628)						4,240
Net cash flows provided by (used in) operating activities			207,046						(8,849)
Cash flows from financing activities
Net proceeds from shares sold			6,625						40,006
Offering costs paid			(306)						(132)
Distributions paid			(103,966)						(88,987)
Proceeds from Holdings Credit Facility			109,600						164,400
Repayment of Holdings Credit Facility			(159,000)						(79,000)
Proceeds from Convertible Notes			60,300						—
Repayment of Convertible Notes			(116,816)						—
Proceeds from Unsecured Notes			—						75,000
Repayment of Unsecured Notes			(140,000)						(55,000)
Proceeds from NMFC Credit Facility			348,500						162,707
Repayment of NMFC Credit Facility			(197,000)						(158,000)
Proceeds from DB Credit Facility			8,000						108,600
Repayment of DB Credit Facility			(8,000)						(148,500)
Proceeds from NMNLC Credit Facility II			5,750						2,934
Repayment of NMNLC Credit Facility II			(6,677)						(15,200)
Contributions related to non-controlling interest in NMNLC			—						124
Distributions related to non-controlling interest in NMNLC			(532)						(8,197)
Deferred financing costs paid			(1,450)						(710)
Net cash flows (used in) provided by financing activities			(194,972)						45
Net increase (decrease) in cash and cash equivalents			12,074						(8,804)
Effect of foreign exchange rate changes on cash and cash equivalents			1						(354)
Cash and cash equivalents at the beginning of the period			71,190						58,077
Cash and cash equivalents at the end of the period			$	83,265					$	48,919
Supplemental disclosure of cash flow information
Cash interest paid			$	84,116					$	63,006
Income taxes paid			6,808						74
Non-cash operating activities:
Non-cash activity on investments			$	15,772					$	—
Non-cash financing activities:
Value of shares reissued from repurchase program in connection with the distribution reinvestment plan			$	—					$	1,098
Accrual for offering costs			104						30
Accrual for deferred financing costs			2						15

The accompanying notes are an integral part of these consolidated financial statements.

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New Mountain Finance Corporation

 

Consolidated Schedule of Investments

September 30, 2023

(in thousands, except shares)

(unaudited)

Portfolio Company, Location and Industry (1)						Type of Investment						Reference						Spread						Total Coupon (19)						Acquisition Date						Maturity / Expiration Date						Principal  Amount,  Par Value  or Shares (17)						Cost						Fair  Value						Percent of Net Assets
Non-Controlled/Non-Affiliated Investments
Funded Debt Investments - United States
Paw Midco, Inc.
AAH Topco, LLC
Consumer Services						First lien (2)(15)(18) - Drawn						SOFR(M)						5.50%						10.92%						12/2021						12/2027						$	20,851					$	20,714					$	20,601
						First lien (8)(15)						SOFR(M)						5.50%						10.92%						12/2021						12/2027						20,478						20,323						20,232
						First lien (4)(15)						SOFR(M)						5.50%						10.92%						01/2022						12/2027						9,723						9,649						9,606
						First lien (4)(15)(18) - Drawn						SOFR(M)						5.50%						10.92%						12/2021						12/2027						6,765						6,720						6,684
						Subordinated (3)(15)						FIXED(Q)*						11.50%/PIK						11.50%						12/2021						12/2031						13,616						13,467						12,831
						Subordinated (4)(15)						FIXED(Q)*						11.50%/PIK						11.50%						01/2022						12/2031						5,340						5,281						5,032
																																																76,154						74,986						5.61		%
PhyNet Dermatology LLC
Healthcare						First lien (2)(15)						SOFR(M)						6.25%						11.65%						09/2018						08/2024						48,941						48,855						48,941
						First lien (2)(15)						SOFR(M)						6.25%						11.68%						09/2018						08/2024						18,514						18,521						18,514
																																																67,376						67,455						5.05		%
Knockout Intermediate Holdings I Inc. (33)
Kaseya Inc.
Software						First lien (2)(15)						SOFR(Q)*						3.75% + 2.50%/PIK						11.62%						06/2022						06/2029						63,229						62,820						63,229
						First lien (3)(15)(18) - Drawn						SOFR(M)*						3.75% + 2.50%/PIK						11.57%						06/2022						06/2029						969						962						969
						First lien (3)(15)(18) - Drawn						SOFR(Q)*						3.75% + 2.50%/PIK						11.62%						06/2022						06/2029						235						261						235
																																																64,043						64,433						4.82		%
Associations, Inc.
Business Services						First lien (2)(15)						SOFR(Q)*						4.00% + 2.50%/PIK						12.03%						07/2021						07/2027						36,468						36,356						36,468
						First lien (2)(15)						SOFR(Q)*						4.00% + 2.50%/PIK						12.17%						07/2021						07/2027						8,980						8,948						8,980
						First lien (8)(15)						SOFR(Q)*						4.00% + 2.50%/PIK						12.14%						07/2021						07/2027						8,979						8,947						8,979
						First lien (8)(15)						SOFR(Q)*						4.00% + 2.50%/PIK						12.13%						07/2021						07/2027						5,422						5,405						5,422
						First lien (8)(15)						SOFR(Q)*						4.00% + 2.50%/PIK						12.05%						07/2021						07/2027						4,313						4,299						4,313
																																																63,955						64,162						4.80		%

The accompanying notes are an integral part of these consolidated financial statements.

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New Mountain Finance Corporation

 

Consolidated Schedule of Investments (Continued)

September 30, 2023

(in thousands, except shares)

(unaudited)

Portfolio Company, Location and Industry (1)						Type of Investment						Reference						Spread						Total Coupon (19)						Acquisition Date						Maturity / Expiration Date						Principal  Amount,  Par Value  or Shares (17)						Cost						Fair  Value						Percent of Net Assets
GC Waves Holdings, Inc.
Financial Services						First lien (2)(15)						SOFR(M)						6.00%						11.42%						08/2021						08/2028						$	40,371					$	40,097					$	40,371
						First lien (5)(15)						SOFR(M)						6.00%						11.42%						08/2021						08/2028						21,720						21,643						21,720
						First lien (2)(15)(18) - Drawn						SOFR(M)						6.00%						11.42%						10/2019						08/2028						356						353						356
																																																62,093						62,447						4.67		%
GS Acquisitionco, Inc.
Software						First lien (2)(15)						SOFR(Q)						5.75%						11.29%						08/2019						05/2026						34,112						34,029						34,112
						First lien (5)(15)						SOFR(Q)						5.75%						11.29%						08/2019						05/2026						21,577						21,528						21,577
																																																55,557						55,689						4.17		%
CentralSquare Technologies, LLC
Software						Second lien (3)						SOFR(Q)						7.50%						13.04%						08/2018						08/2026						47,838						47,561						42,993
						Second lien (8)						SOFR(Q)						7.50%						13.04%						08/2018						08/2026						7,500						7,456						6,740
																																																55,017						49,733						3.72		%
Brave Parent Holdings, Inc.
Software						Second lien (5)(15)						SOFR(Q)						7.50%						12.97%						04/2018						04/2026						22,500						22,454						22,500
						Second lien (2)(15)						SOFR(Q)						7.50%						12.97%						04/2018						04/2026						16,624						16,556						16,624
						Second lien (8)(15)						SOFR(Q)						7.50%						12.97%						04/2018						04/2026						6,000						5,975						6,000
																																																44,985						45,124						3.38		%
IG Intermediateco LLC
Infogain Corporation
Business Services						First lien (2)(15)						SOFR(M)						5.75%						11.17%						07/2021						07/2028						18,755						18,650						18,755
						First lien (8)(15)						SOFR(M)						5.75%						11.17%						07/2022						07/2028						7,864						7,798						7,864
						Subordinated (3)(15)						SOFR(Q)						8.25%						13.74%						07/2022						07/2029						17,245						17,054						17,245
																																																43,502						43,864						3.28		%
iCIMS, Inc.
Software						First lien (8)						SOFR(Q)*						3.88%/PIK + 3.38%						12.63%						08/2022						08/2028						30,481						30,258						30,176
						First lien (2)						SOFR(Q)						7.25%						12.63%						10/2022						08/2028						7,366						7,309						7,292
						First lien (2)						SOFR(Q)*						3.88%/PIK + 3.38%						12.63%						09/2023						08/2028						4,725						4,678						4,678
						First lien (3)(18) - Drawn						SOFR(Q)						6.75%						12.14%						08/2022						08/2028						471						467						466
																																																42,712						42,612						3.19		%
Deca Dental Holdings LLC
Healthcare						First lien (2)(15)						SOFR(Q)						5.75%						11.24%						08/2021						08/2028						37,573						37,288						36,431
						First lien (3)(15)						SOFR(Q)						5.75%						11.24%						08/2021						08/2028						3,955						3,924						3,835
						First lien (3)(15)(18) - Drawn						SOFR(Q)						5.75%						11.24%						08/2021						08/2027						2,018						1,998						1,957
																																																43,210						42,223						3.16		%

The accompanying notes are an integral part of these consolidated financial statements.

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New Mountain Finance Corporation

 

Consolidated Schedule of Investments (Continued)

September 30, 2023

(in thousands, except shares)

(unaudited)

Portfolio Company, Location and Industry (1)						Type of Investment						Reference						Spread						Total Coupon (19)						Acquisition Date						Maturity / Expiration Date						Principal  Amount,  Par Value  or Shares (17)						Cost						Fair  Value						Percent of Net Assets
MRI Software LLC
Software						First lien (5)(15)						SOFR(Q)						5.50%						10.99%						01/2020						02/2026						$	21,711					$	21,662					$	21,502
						First lien (3)(15)						SOFR(Q)						5.50%						10.99%						03/2021						02/2026						7,690						7,674						7,616
						First lien (2)(15)						SOFR(Q)						5.50%						10.99%						03/2021						02/2026						4,580						4,573						4,536
						First lien (2)(15)						SOFR(Q)						5.50%						10.99%						01/2020						02/2026						3,148						3,141						3,118
						First lien (3)(15)						SOFR(Q)						5.50%						10.99%						01/2020						02/2026						803						801						796
																																																37,851						37,568						2.81		%
Recorded Future, Inc.
Software						First lien (8)(15)						SOFR(S)						5.25%						10.69%						08/2019						07/2025						24,282						24,197						24,282
						First lien (2)(15)						SOFR(S)						5.25%						10.69%						03/2021						07/2025						12,556						12,510						12,556
																																																36,707						36,838						2.76		%
Auctane Inc. (fka Stamps.com Inc.)
Software						First lien (8)(15)						SOFR(M)						5.75%						11.17%						10/2021						10/2028						21,902						21,733						21,541
						First lien (2)(15)						SOFR(M)						5.75%						11.17%						10/2021						10/2028						14,812						14,697						14,568
																																																36,430						36,109						2.70		%
OEC Holdco, LLC (22)
OEConnection LLC
Software						Second lien (2)(15)						SOFR(M)						7.00%						12.42%						12/2021						09/2027						23,406						23,231						23,406
						Second lien (2)(15)						SOFR(M)						7.00%						12.42%						09/2019						09/2027						12,044						11,973						12,044
																																																35,204						35,450						2.65		%
WEG Sub Intermediate Holdings, LLC
Wealth Enhancement Group, LLC
Financial Services						First lien (2)(15)						SOFR(S)						5.75%						10.78%						08/2021						10/2027						18,806						18,760						18,806
						First lien (2)(15)(18) - Drawn						SOFR(Q)						5.75%						10.65%						05/2022						10/2027						11,135						11,122						11,135
						First lien (2)(15)						SOFR(Q)						5.75%						11.26%						01/2022						10/2027						1,244						1,235						1,245
						First lien (2)(15)						SOFR(S)						5.75%						10.67%						01/2022						10/2027						834						828						834
						Subordinated (3)(15)						FIXED(Q)*						15.00%/PIK						15.00%						05/2023						05/2033						3,333						3,284						3,283
																																																35,229						35,303						2.64		%
Foreside Financial Group, LLC
Business Services						First lien (2)(15)						SOFR(Q)						5.25%						10.82%						05/2022						09/2027						33,783						33,515						33,783
						First lien (3)(15)(18) - Drawn						SOFR(Q)						5.25%						10.79%						05/2022						09/2027						545						539						545
						First lien (3)(15)						SOFR(Q)						5.25%						10.82%						05/2022						09/2027						278						275						278
																																																34,329						34,606						2.59		%
KAMC Holdings, Inc.
Business Services						Second lien (2)(15)						SOFR(Q)						8.00%						13.64%						08/2019						08/2027						18,750						18,668						17,038
						Second lien (8)(15)						SOFR(Q)						8.00%						13.64%						08/2019						08/2027						18,750						18,668						17,038
																																																37,336						34,076						2.55		%

The accompanying notes are an integral part of these consolidated financial statements.

9

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Table of Contents

New Mountain Finance Corporation

 

Consolidated Schedule of Investments (Continued)

September 30, 2023

(in thousands, except shares)

(unaudited)

Portfolio Company, Location and Industry (1)						Type of Investment						Reference						Spread						Total Coupon (19)						Acquisition Date						Maturity / Expiration Date						Principal  Amount,  Par Value  or Shares (17)						Cost						Fair  Value						Percent of Net Assets
Diamond Parent Holdings Corp. (28)
Diligent Corporation
Software						First lien (2)(15)						SOFR(Q)						5.75%						11.27%						03/2021						08/2025						$	17,449					$	17,408					$	16,940
						First lien (2)(15)						SOFR(Q)						5.75%						11.27%						03/2021						08/2025						9,730						9,708						9,446
						First lien (3)(15)						SOFR(Q)						6.25%						11.77%						12/2018						08/2025						5,783						5,768						5,637
						First lien (3)(15)(18) - Drawn						SOFR(Q)						6.25%						11.77%						03/2021						08/2025						1,486						1,478						1,449
																																																34,362						33,472						2.50		%
Granicus, Inc.
Software						First lien (4)(15)						SOFR(Q)*						5.50% + 1.50%/PIK						12.47%						01/2021						01/2027						15,443						15,371						15,443
						First lien (8)(15)						SOFR(Q)*						5.50% + 1.50%/PIK						12.47%						01/2021						01/2027						5,974						5,945						5,974
						First lien (2)(15)						SOFR(Q)*						5.50% + 1.50%/PIK						12.47%						01/2021						01/2027						5,892						5,864						5,892
						First lien (2)(15)						SOFR(Q)						6.00%						11.47%						04/2021						01/2027						4,554						4,521						4,554
						First lien (3)(15)(18) - Drawn						SOFR(Q)						6.50%						11.96%						01/2021						01/2027						1,110						1,102						1,110
																																																32,803						32,973						2.47		%
EAB Global, Inc.
Education						Second lien (2)(15)						L(S)						6.50%						11.95%						08/2021						08/2029						33,452						33,051						32,870
IG Investments Holdings, LLC
Business Services						First lien (2)(15)						SOFR(Q)						6.00%						11.45%						09/2021						09/2028						28,912						28,690						28,528
						First lien (2)(15)						SOFR(Q)						6.00%						11.47%						02/2022						09/2028						4,225						4,207						4,168
																																																32,897						32,696						2.45		%
TigerConnect, Inc.
Healthcare						First lien (8)(15)						SOFR(Q)*						3.38% + 3.38%/PIK						12.27%						02/2022						02/2028						29,868						29,634						29,408
						First lien (2)(15)(18) - Drawn						SOFR(Q)*						3.38% + 3.38%/PIK						12.27%						02/2022						02/2028						1,087						1,087						1,071
																																																30,721						30,479						2.28		%
OA Topco, L.P. (32)
OA Buyer, Inc.
Healthcare						First lien (2)(15)						SOFR(M)						5.50%						10.82%						12/2021						12/2028						27,778						27,555						27,778
						First lien (2)(15)						SOFR(M)						5.50%						10.82%						05/2022						12/2028						1,758						1,744						1,758
																																																29,299						29,536						2.21		%
AmeriVet Partners Management, Inc.
Consumer Services						First lien (2)(15)						SOFR(Q)						5.50%						11.04%						02/2022						02/2028						22,153						22,067						22,153
						First lien (2)(15)						SOFR(Q)						5.50%						11.04%						02/2022						02/2028						6,164						6,136						6,164
						First lien (3)(15)(18) - Drawn						SOFR(Q)						5.50%						11.04%						02/2022						02/2028						770						810						770
																																																29,013						29,087						2.18		%

The accompanying notes are an integral part of these consolidated financial statements.

10

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Table of Contents

New Mountain Finance Corporation

 

Consolidated Schedule of Investments (Continued)

September 30, 2023

(in thousands, except shares)

(unaudited)

Portfolio Company, Location and Industry (1)						Type of Investment						Reference						Spread						Total Coupon (19)						Acquisition Date						Maturity / Expiration Date						Principal  Amount,  Par Value  or Shares (17)						Cost						Fair  Value						Percent of Net Assets
Foundational Education Group, Inc.
Education						Second lien (5)(15)						SOFR(Q)						6.50%						12.13%						08/2021						08/2029						$	22,500					$	22,409					$	21,971
						Second lien (2)(15)						SOFR(Q)						6.50%						12.13%						08/2021						08/2029						7,009						6,989						6,844
																																																29,398						28,815						2.16		%
NMC Crimson Holdings, Inc.
Healthcare						First lien (8)(15)						SOFR(Q)						6.09%						11.49%						03/2021						03/2028						19,259						19,058						18,908
						First lien (3)(15)(18) - Drawn						SOFR(Q)						6.09%						11.64%						03/2021						03/2028						5,012						4,991						4,921
						First lien (2)(15)						SOFR(Q)						6.09%						11.49%						03/2021						03/2028						4,913						4,861						4,824
																																																28,910						28,653						2.14		%
Fortis Solutions Group, LLC
Packaging						First lien (2)(15)						SOFR(Q)						5.50%						11.04%						10/2021						10/2028						17,397						17,257						17,205
						First lien (8)(15)						SOFR(Q)						5.50%						11.04%						10/2021						10/2028						10,118						10,040						10,006
						First lien (3)(15)						SOFR(Q)						5.50%						11.04%						10/2021						10/2028						868						861						859
						First lien (3)(15)(18) - Drawn						SOFR(Q)						5.50%						10.99%						06/2022						10/2028						313						310						309
						First lien (3)(15)						SOFR(Q)						5.50%						10.99%						10/2021						10/2028						81						80						80
																																																28,548						28,459						2.13		%
Syndigo LLC
Software						Second lien (4)(15)						SOFR(Q)						8.00%						13.67%						12/2020						12/2028						22,500						22,375						21,652
						Second lien (2)(15)						SOFR(Q)						8.00%						13.67%						02/2022						12/2028						5,697						5,709						5,482
																																																28,084						27,134						2.03		%
ACI Parent Inc. (29)
ACI Group Holdings, Inc.
Healthcare						First lien (2)(15)						SOFR(M)						5.50%						10.92%						08/2021						08/2028						22,080						21,916						21,606
						First lien (3)(15)						SOFR(M)						5.50%						10.92%						08/2021						08/2028						3,913						3,879						3,829
						First lien (3)(15)(18) - Drawn						SOFR(M)						5.50%						10.92%						08/2021						08/2028						883						874						864
																																																26,669						26,299						1.97		%
CRCI Longhorn Holdings, Inc.
Business Services						Second lien (3)(15)						SOFR(M)						7.25%						12.67%						08/2018						08/2026						18,266						18,235						18,256
						Second lien (8)(15)						SOFR(M)						7.25%						12.67%						08/2018						08/2026						7,500						7,487						7,496
																																																25,722						25,752						1.93		%
HS Purchaser, LLC / Help/Systems Holdings, Inc.
Software						Second lien (5)(15)						SOFR(S)						6.75%						12.35%						11/2019						11/2027						22,500						22,427						21,546
						Second lien (2)(15)						SOFR(S)						6.75%						12.35%						11/2019						11/2027						4,208						4,183						4,030
																																																26,610						25,576						1.91		%
DOCS, MSO, LLC
Healthcare						First lien (8)(15)						SOFR(M)						5.75%						11.18%						06/2022						06/2028						18,619						18,619						18,325
						First lien (4)(15)						SOFR(M)						5.75%						11.18%						06/2022						06/2028						6,973						6,973						6,863
																																																25,592						25,188						1.88		%

The accompanying notes are an integral part of these consolidated financial statements.

11

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Table of Contents

New Mountain Finance Corporation

 

Consolidated Schedule of Investments (Continued)

September 30, 2023

(in thousands, except shares)

(unaudited)

Portfolio Company, Location and Industry (1)						Type of Investment						Reference						Spread						Total Coupon (19)						Acquisition Date						Maturity / Expiration Date						Principal  Amount,  Par Value  or Shares (17)						Cost						Fair  Value						Percent of Net Assets
Idera, Inc.
Software						Second lien (4)(15)						SOFR(Q)						6.75%						12.27%						06/2019						03/2029						$	22,500					$	22,265					$	22,194
						Second lien (3)(15)						SOFR(Q)						6.75%						12.27%						04/2021						03/2029						3,000						2,989						2,959
																																																25,254						25,153						1.88		%
TMK Hawk Parent, Corp.
Distribution & Logistics						First lien (2)(15)						SOFR(Q)						3.50%						9.17%						06/2019						08/2024						16,269						15,752						11,777
						First lien (8)(15)						SOFR(Q)						3.50%						9.17%						10/2019						08/2024						15,691						15,058						11,359
																																																30,810						23,136						1.73		%
Xactly Corporation
Software						First lien (4)(15)						SOFR(Q)						7.25%						12.77%						07/2017						07/2025						22,500						22,469						22,500						1.68		%
Spring Education Group, Inc (fka SSH Group Holdings, Inc.)
Education						Second lien (2)						SOFR(M)						8.25%						13.68%						07/2018						07/2026						21,959						21,933						21,962						1.64		%
Bullhorn, Inc.
Software						First lien (2)(15)						SOFR(Q)						5.75%						11.24%						09/2019						09/2026						16,530						16,470						16,530
						First lien (2)(15)						SOFR(Q)						5.75%						11.24%						10/2021						09/2026						3,416						3,410						3,416
						First lien (2)(15)						SOFR(Q)						5.75%						11.24%						09/2019						09/2026						765						761						765
						First lien (2)(15)						SOFR(Q)						5.75%						11.24%						09/2019						09/2026						343						341						343
						First lien (2)(15)						SOFR(Q)						5.75%						11.24%						09/2019						09/2026						273						272						273
																																																21,254						21,327						1.60		%
FS WhiteWater Holdings, LLC (30)
FS WhiteWater Borrower, LLC
Consumer Services						First lien (5)(15)						SOFR(Q)						5.75%						11.29%						12/2021						12/2027						10,316						10,239						10,145
						First lien (3)(15)(18) - Drawn						SOFR(Q)						6.00%						11.54%						07/2022						12/2027						4,145						4,122						4,110
						First lien (5)(15)						SOFR(Q)						5.75%						11.31%						12/2021						12/2027						3,463						3,434						3,405
						First lien (5)(15)						SOFR(Q)						5.75%						11.29%						12/2021						12/2027						3,441						3,415						3,384
						First lien (3)(15)(18) - Drawn						SOFR(M)						5.75%						11.22%						12/2021						12/2027						140						139						138
																																																21,349						21,182						1.58		%
YLG Holdings, Inc.
Business Services						First lien (5)(15)						SOFR(Q)						5.00%						10.47%						11/2019						10/2025						17,723						17,688						17,552
						First lien (5)(15)						SOFR(Q)						5.00%						10.47%						11/2019						10/2025						2,308						2,303						2,285
						First lien (5)(15)(18) - Drawn						SOFR(Q)						5.00%						10.48%						10/2021						10/2025						1,203						1,193						1,191
																																																21,184						21,028						1.57		%

The accompanying notes are an integral part of these consolidated financial statements.

12

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Table of Contents

New Mountain Finance Corporation

 

Consolidated Schedule of Investments (Continued)

September 30, 2023

(in thousands, except shares)

(unaudited)

Portfolio Company, Location and Industry (1)						Type of Investment						Reference						Spread						Total Coupon (19)						Acquisition Date						Maturity / Expiration Date						Principal  Amount,  Par Value  or Shares (17)						Cost						Fair  Value						Percent of Net Assets
AAC Lender Holdings, LLC (27)
American Achievement Corporation (aka AAC Holding Corp.)
Education						First lien (2)(15)						SOFR(M) (35)*						5.75%/PIK + 0.50%						11.68%						09/2015						09/2026						$	29,879					$	29,842					$	20,586
						First lien (3)(15)						SOFR(M) (35)*						13.50%/PIK + 0.50%						19.43%						06/2021						09/2026						1,527						1,527						—
						Subordinated (3)(15)						SOFR(Q) (35)*						1.00%/PIK						7.54%						03/2021						09/2026						5,230						—						—
																																																31,369						20,586						1.54		%
Convey Health Solutions, Inc.
Healthcare						First lien (4)(15)						SOFR(Q)						5.25%						10.74%						09/2019						09/2026						19,070						18,968						16,826
						First lien (4)(15)						SOFR(Q)						5.25%						10.74%						02/2022						09/2026						3,184						3,152						2,810
																																																22,120						19,636						1.47		%
Cardinal Parent, Inc.
Software						First lien (4)						SOFR(Q)						4.50%						10.04%						10/2020						11/2027						11,883						11,825						10,813
						Second lien (4)(15)						SOFR(Q)						7.75%						13.29%						11/2020						11/2028						9,767						9,696						8,811
																																																21,521						19,624						1.47		%
MED Parentco, LP
Healthcare						Second lien (8)(15)						SOFR(M)						8.25%						13.68%						08/2019						08/2027						20,857						20,765						19,585						1.47		%
Notorious Topco, LLC
Consumer Products						First lien (8)(15)						SOFR(Q)						6.75%						12.27%						11/2021						11/2027						9,975						9,919						9,192
						First lien (8)(15)						SOFR(Q)						6.75%						12.27%						05/2022						11/2027						9,850						9,791						9,077
						First lien (3)(15)(18) - Drawn						SOFR(Q)						6.75%						12.27%						11/2021						11/2027						869						867						801
						First lien (3)(15)(18) - Drawn						SOFR(Q)						6.75%						12.27%						11/2021						05/2027						59						58						54
																																																20,635						19,124						1.43		%
Pioneer Topco I, L.P. (31)
Pioneer Buyer I, LLC
Software						First lien (8)(15)						SOFR(Q)*						7.00%/PIK						12.39%						11/2021						11/2028						16,292						16,185						16,292
						First lien (8)(15)						SOFR(Q)*						7.00%/PIK						12.39%						03/2022						11/2028						2,233						2,216						2,233
																																																18,401						18,525						1.39		%
Trinity Air Consultants Holdings Corporation
Business Services						First lien (2)(15)						L(S)						5.25%						10.62%						06/2021						06/2027						15,382						15,277						15,382
						First lien (2)(15)(18) - Drawn						SOFR(S)						5.75%						11.27%						06/2021						06/2027						3,095						3,071						3,095
																																																18,348						18,477						1.38		%
DG Investment Intermediate Holdings 2, Inc.
Business Services						Second lien (3)						SOFR(M)						6.75%						12.18%						03/2021						03/2029						20,313						20,273						18,047						1.35		%
Groundworks, LLC
Consumer Services						First lien (4)(15)						SOFR(Q)						6.50%						11.81%						03/2023						03/2030						18,216						17,957						17,943						1.34		%
Avalara, Inc.
Software						First lien (8)(15)						SOFR(Q)						7.25%						12.64%						10/2022						10/2028						17,198						17,008						17,198						1.29		%

The accompanying notes are an integral part of these consolidated financial statements.

13

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Table of Contents

New Mountain Finance Corporation

 

Consolidated Schedule of Investments (Continued)

September 30, 2023

(in thousands, except shares)

(unaudited)

Portfolio Company, Location and Industry (1)						Type of Investment						Reference						Spread						Total Coupon (19)						Acquisition Date						Maturity / Expiration Date						Principal  Amount,  Par Value  or Shares (17)						Cost						Fair  Value						Percent of Net Assets
Coyote Buyer, LLC
Specialty Chemicals & Materials						First lien (5)(15)						SOFR(Q)						6.00%						11.52%						03/2020						02/2026						$	13,689					$	13,657					$	13,689
						First lien (5)(15)						SOFR(Q)						8.00%						13.57%						10/2020						08/2026						2,463						2,450						2,463
						First lien (3)(15)(18) - Drawn						SOFR(Q)						6.00%						11.50%						03/2020						02/2025						709						706						709
																																																16,813						16,861						1.26		%
Oranje Holdco, Inc.
Education						First lien (8)(15)						SOFR(Q)						7.75%						13.12%						02/2023						02/2029						7,440						7,354						7,440
						First lien (2)(15)						SOFR(Q)						7.75%						13.12%						02/2023						02/2029						7,440						7,354						7,440
																																																14,708						14,880						1.11		%
Kele Holdco, Inc.
Distribution & Logistics						First lien (5)(15)						SOFR(M)						5.25%						10.68%						02/2020						02/2026						14,837						14,804						14,837						1.11		%
Coupa Holdings, LLC
Software						First lien (2)(15)						SOFR(M)						7.50%						12.82%						02/2023						02/2030						7,230						7,145						7,230
						First lien (8)(15)						SOFR(M)						7.50%						12.82%						02/2023						02/2030						7,230						7,145						7,230
																																																14,290						14,460						1.08		%
New Trojan Parent, Inc.
Healthcare						Second lien (2)(15)						SOFR(M)						7.25%						12.68%						01/2021						01/2029						26,762						26,663						14,192						1.06		%
Daxko Acquisition Corporation
Software						First lien (8)(15)						SOFR(M)						5.50%						10.92%						10/2021						10/2028						13,044						12,943						12,823
						First lien (2)(15)						SOFR(M)						5.50%						10.92%						10/2021						10/2028						1,099						1,090						1,080
						First lien (3)(15)(18) - Drawn						P(Q)						4.50%						13.00%						10/2021						10/2027						123						122						121
																																																14,155						14,024						1.05		%
Castle Management Borrower LLC
Business Services						First lien (8)(15)						SOFR(Q)						6.50%						12.13%						05/2018						02/2025						13,845						13,832						13,845						1.04		%
IMO Investor Holdings, Inc.
Healthcare						First lien (2)(15)						SOFR(Q)						6.00%						11.36%						05/2022						05/2029						12,877						12,767						12,592
						First lien (3)(15)(18) - Drawn						SOFR(S)						6.00%						11.04%						05/2022						05/2029						832						847						814
						First lien (3)(15)(18) - Drawn						SOFR(S)						6.00%						11.42%						05/2022						05/2028						248						245						242
																																																13,859						13,648						1.02		%
Alegeus Technologies Holdings Corp.
Healthcare						First lien (8)(15)						SOFR(S)						8.25%						13.36%						09/2018						09/2024						13,444						13,430						13,444						1.01		%
Calabrio, Inc.
Software						First lien (5)(15)						SOFR(M)						7.13%						12.44%						04/2021						04/2027						12,347						12,286						12,040
						First lien (3)(15)(18) - Drawn						SOFR(M)						7.13%						12.45%						04/2021						04/2027						850						843						829
																																																13,129						12,869						0.96		%

The accompanying notes are an integral part of these consolidated financial statements.

14

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Table of Contents

New Mountain Finance Corporation

 

Consolidated Schedule of Investments (Continued)

September 30, 2023

(in thousands, except shares)

(unaudited)

Portfolio Company, Location and Industry (1)						Type of Investment						Reference						Spread						Total Coupon (19)						Acquisition Date						Maturity / Expiration Date						Principal  Amount,  Par Value  or Shares (17)						Cost						Fair  Value						Percent of Net Assets
CFS Management, LLC
Healthcare						First lien (2)(15)						SOFR(Q)*						6.25% + 0.75%/PIK						12.65%						08/2019						07/2024						$	11,195					$	11,185					$	9,912
						First lien (2)(15)						SOFR(Q)*						6.25% + 0.75%/PIK						12.65%						08/2019						07/2024						3,335						3,331						2,953
																																																14,516						12,865						0.96		%
USRP Holdings, Inc.
Business Services						First lien (2)(15)						SOFR(Q)						5.75%						11.29%						07/2021						07/2027						11,226						11,148						11,226
						First lien (3)(15)						SOFR(Q)						5.75%						11.29%						07/2021						07/2027						1,462						1,451						1,462
																																																12,599						12,688						0.95		%
CHA Holdings, Inc.
Business Services						Second lien (4)(15)						SOFR(Q)						8.75%						14.40%						04/2018						04/2026						7,012						6,983						7,012
						Second lien (3)(15)						SOFR(Q)						8.75%						14.40%						04/2018						04/2026						4,453						4,434						4,454
																																																11,417						11,466						0.86		%
Vectra Co.
Business Products						Second lien (8)						SOFR(M)						7.25%						12.68%						02/2018						03/2026						10,788						10,772						10,788						0.81		%
Transcendia Holdings, Inc.
Packaging						Second lien (8)(15)						L(S)						8.00%						13.73%						06/2017						05/2025						14,500						14,445						10,436						0.78		%
Specialtycare, Inc.
Healthcare						First lien (2)(15)						L(Q)						5.75%						11.28%						06/2021						06/2028						10,379						10,275						10,032
						First lien (3)(15)						SOFR(Q)						5.75%						11.32%						06/2021						06/2028						78						76						75
																																																10,351						10,107						0.76		%
Quartz Holding Company
Software						Second lien (3)(15)						SOFR(M)						8.00%						13.42%						04/2019						04/2027						10,000						9,894						10,000						0.75		%
CG Group Holdings, LLC
Specialty Chemicals & Materials						First lien (2)(15)						SOFR(Q)*						6.75% + 2.00%/PIK						14.14%						07/2021						07/2027						8,381						8,318						7,940
						First lien (3)(15)(18) - Drawn						SOFR(M)*						6.75% + 2.00%/PIK						14.07%						07/2021						07/2026						930						920						881
																																																9,238						8,821						0.66		%
Anaplan, Inc.
Software						First lien (2)(15)						SOFR(M)						6.50%						11.82%						06/2022						06/2029						8,618						8,543						8,618						0.64		%
KPSKY Acquisition Inc.
Business Services						First lien (8)(15)						SOFR(Q)						5.25%						10.72%						10/2021						10/2028						6,915						6,862						6,915
						First lien (2)(15)(18) - Drawn						SOFR(Q)						5.25%						10.71%						06/2022						10/2028						826						818						826
						First lien (2)(15)						SOFR(Q)						5.25%						10.63%						10/2021						10/2028						792						786						792
																																																8,466						8,533						0.64		%
PPVA Black Elk (Equity) LLC
Business Services						Subordinated (3)(15)						SOFR(Q)						—						—						05/2013						—						14,500						14,500						7,975						0.60		%
TRC Companies L.L.C. (fka Energize Holdco LLC)
Business Services						Second lien (2)(15)						SOFR(M)						6.75%						12.18%						11/2021						12/2029						7,950						7,917						7,672						0.57		%

The accompanying notes are an integral part of these consolidated financial statements.

15

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Table of Contents

New Mountain Finance Corporation

 

Consolidated Schedule of Investments (Continued)

September 30, 2023

(in thousands, except shares)

(unaudited)

Portfolio Company, Location and Industry (1)						Type of Investment						Reference						Spread						Total Coupon (19)						Acquisition Date						Maturity / Expiration Date						Principal  Amount,  Par Value  or Shares (17)						Cost						Fair  Value						Percent of Net Assets
PPV Intermediate Holdings, LLC
Consumer Services						First lien (4)(15)						SOFR(Q)						5.75%						11.17%						08/2022						08/2029						$	7,514					$	7,447					$	7,514					0.56		%
DS Admiral Bidco, LLC
Software						First lien (2)(15)						SOFR(Q)						7.00%						12.39%						12/2022						03/2028						7,491						7,391						7,491						0.56		%
Safety Borrower Holdings LLC
Software						First lien (2)(15)						L(S)						5.25%						10.95%						09/2021						09/2027						6,922						6,897						6,922
						First lien (3)(15)(18) - Drawn						P(Q)						4.25%						12.75%						09/2021						09/2027						256						255						256
																																																7,152						7,178						0.54		%
DCA Investment Holding, LLC
Healthcare						First lien (3)(15)(18) - Drawn						SOFR(Q)						6.50%						11.89%						12/2022						04/2028						3,878						3,823						3,774
						First lien (2)(15)						SOFR(Q)						6.41%						11.80%						03/2021						04/2028						3,261						3,247						3,163
																																																7,070						6,937						0.52		%
Community Brands ParentCo, LLC
Software						First lien (2)(15)						SOFR(Q)						5.50%						11.02%						02/2022						02/2028						7,109						7,052						6,934						0.52		%
Sierra Enterprises, LLC
Food & Beverage						First lien (3)(15)						SOFR(Q)*						4.25%/PIK + 2.50%						12.12%						06/2023						05/2027						7,272						5,542						6,740						0.50		%
Sun Acquirer Corp.
Consumer Services						First lien (2)(15)						SOFR(M)						5.75%						11.18%						09/2021						09/2028						3,955						3,928						3,868
						First lien (2)(15)						SOFR(M)						5.75%						11.18%						09/2021						09/2028						2,795						2,763						2,732
																																																6,691						6,600						0.49		%
Appriss Health Holdings, Inc. (23)
Appriss Health, LLC
Healthcare						First lien (8)(15)						SOFR(Q)						6.75%						12.23%						05/2021						05/2027						6,203						6,163						6,203						0.46		%
Virtusa Corporation
Business Services						Subordinated (3)						FIXED(S)						7.13%						7.13%						10/2022						12/2028						7,000						5,589						5,661						0.42		%
Pye-Barker Fire & Safety, LLC
Business Services						First lien (2)(15)						SOFR(Q)						5.50%						11.04%						11/2021						11/2027						5,122						5,082						5,096						0.38		%
CommerceHub, Inc.
Software						First lien (3)(15)						SOFR(Q)						6.25%						11.77%						06/2023						12/2027						3,970						3,555						3,970						0.30		%
Project Power Buyer, LLC
Software						First lien (2)(15)						SOFR(Q)						7.00%						12.39%						01/2023						05/2026						3,562						3,519						3,562						0.27		%
Ansira Holdings, Inc.
Business Services						First lien (3)(15)						L(Q)(35)*						6.50%/PIK						12.15%						12/2016						12/2024						32,736						32,843						1,591
						First lien (3)(15)						L(Q)(35)*						6.50%/PIK						11.93%						12/2016						12/2024						8,261						8,309						402
						First lien (3)(15)(18) - Drawn						SOFR(Q)*						8.00%/PIK + 2.00%						15.51%						11/2022						12/2024						385						385						385
																																																41,537						2,378						0.18		%

The accompanying notes are an integral part of these consolidated financial statements.

16

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Table of Contents

New Mountain Finance Corporation

 

Consolidated Schedule of Investments (Continued)

September 30, 2023

(in thousands, except shares)

(unaudited)

Portfolio Company, Location and Industry (1)						Type of Investment						Reference						Spread						Total Coupon (19)						Acquisition Date						Maturity / Expiration Date						Principal  Amount,  Par Value  or Shares (17)						Cost						Fair  Value						Percent of Net Assets
Education Management Corporation (20)
Education Management II LLC
Education						First lien (2)						P(M)(35)						7.50%						13.00%						01/2015						07/2020						$	300					$	292					$	—
						First lien (3)						P(M)(35)						7.50%						13.00%						01/2015						07/2020						169						165						—
						First lien (2)						P(Q)(35)						6.50%						9.75%						01/2015						07/2020						205						199						—
						First lien (3)						P(Q)(35)						6.50%						9.75%						01/2015						07/2020						115						112						—
						First lien (2)						P(Q)(35)						8.50%						11.75%						01/2015						07/2020						139						115						—
						First lien (3)						P(Q)(35)						8.50%						11.75%						01/2015						07/2020						79						65						—
						First lien (2)						P(Q)(35)						8.50%						11.75%						01/2015						07/2020						4						3						—
						First lien (3)						P(Q)(35)						8.50%						11.75%						01/2015						07/2020						2						2						—
																																																953						—						—		%
PPVA Fund, L.P.
Business Services						Collateralized Financing (35)(36)						—						—						—						11/2014						—						—						—						—						—		%
Total Funded Debt Investments - United States																																																$	2,089,103					$	1,983,993					145.98		%
Funded Debt Investments - Netherlands
Tahoe Finco, LLC**
Information Technology						First lien (2)(15)						SOFR(M)						6.00%						11.42%						10/2021						09/2028						$	35,000					$	34,730					$	35,000
						First lien (8)(15)						SOFR(M)						6.00%						11.42%						10/2021						09/2028						24,189						24,002						24,189
																																																58,732						59,189						4.43		%
Total Funded Debt Investments - Netherlands																																																$	58,732					$	59,189					4.43		%
Funded Debt Investments - United Kingdom
Aston FinCo S.a r.l. / Aston US Finco, LLC**
Software						Second lien (8)(15)						SOFR(M)						8.25%						13.68%						10/2019						10/2027						$	34,459					$	34,293					$	34,045					2.55		%
Integro Parent Inc.**
Business Services						First lien (2)(15)						SOFR(Q)*						12.25%/PIK						17.64%						10/2015						10/2024						4,129						4,128						4,129
						First lien (3)(15)						SOFR(Q)*						12.25%/PIK						17.64%						06/2018						10/2024						815						813						815
						Second lien (3)(15)						SOFR(Q)*						12.25%/PIK						17.64%						10/2015						10/2024						13,074						12,303						12,305
																																																17,244						17,249						1.29		%
Total Funded Debt Investments - United Kingdom																																																$	51,537					$	51,294					3.84		%

The accompanying notes are an integral part of these consolidated financial statements.

17

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Table of Contents

New Mountain Finance Corporation

 

Consolidated Schedule of Investments (Continued)

September 30, 2023

(in thousands, except shares)

(unaudited)

Portfolio Company, Location and Industry (1)						Type of Investment						Reference						Spread						Total Coupon (19)						Acquisition Date						Maturity / Expiration Date						Principal  Amount,  Par Value  or Shares (17)						Cost						Fair  Value						Percent of Net Assets
Funded Debt Investments - Jersey
Tennessee Bidco Limited **
Business Services						First lien (3)(15)(16)						SONIA(D)*						5.00% +2.50%/PIK						12.96%						8/6/2021						8/3/2028						£	13,039					$	17,858					$	15,906
						First lien (3)(15)(16)						SONIA(D)*						5.00% +2.50%/PIK						12.96%						8/6/2021						8/3/2028						£	10,669					13,319						13,017
						First lien (3)(15)						SOFR(S)*						5.00% +2.50%/PIK						13.03%						8/6/2021						8/3/2028						$	10,312					10,195						10,312
						First lien (3)(15)						SOFR(S)*						5.00% +2.50%/PIK						13.04%						08/2021						08/2028						$	6,326					6,250						6,326
						First lien (3)(15)(16)						EURIBOR(S)*						5.00% +2.50%/PIK						11.47%						08/2021						08/2028						€	716					725						757
																																																48,347						46,318						3.47		%
Total Funded Debt Investments - Jersey																																																$	48,347					$	46,318					3.47		%
Funded Debt Investments - Australia
Atlas AU Bidco Pty Ltd**
Business Services						First lien (2)(15)						SOFR(M)						7.25%						12.58%						12/2022						12/2029						$	3,454					$	3,406					$	3,454					0.26		%
Total Funded Debt Investments - Australia																																																$	3,406					$	3,454					0.26		%
Total Funded Debt Investments																																																$	2,251,125					$	2,144,248					154.14		%
Equity - United States
Dealer Tire Holdings, LLC
Distribution & Logistics						Preferred shares (3)(15)						FIXED(S)*						7.00%/PIK						7.00%						09/2021						—						56,271						$	65,202					$	66,739					4.99		%
Symplr Software Intermediate Holdings, Inc.
Healthcare						Preferred shares (4)(15)						SOFR(Q)*						10.50%/PIK						16.09%						11/2018						—						7,500						13,456						12,802
						Preferred shares (3)(15)						SOFR(Q)*						10.50%/PIK						16.09%						11/2018						—						2,586						4,639						4,413
																																																18,095						17,215						1.29		%
Knockout Intermediate Holdings I Inc. (33)
Software						Preferred shares (3)(15)						FIXED(S)*						11.75%/PIK						11.75%						06/2022						—						15,150						16,837						17,019						1.27		%
ACI Parent Inc. (29)
Healthcare						Preferred shares (3)(15)						FIXED(Q)*						11.75%/PIK						11.75%						08/2021						—						12,500						15,938						14,178						1.06		%
Project Essential Super Parent, Inc.
Software						Preferred shares (3)(15)						SOFR(Q)*						9.50%/PIK						15.16%						04/2021						—						10,000						13,251						12,504						0.94		%
Diamond Parent Holdings Corp. (28)
Diligent Preferred Issuer, Inc.
Software						Preferred shares (3)(15)						FIXED(S)*						10.50%/PIK						10.50%						04/2021						—						10,000						12,129						11,243						0.84		%
OEC Holdco, LLC (22)
Software						Preferred shares (12)(15)						FIXED(S)*						11.00%/PIK						11.00%						12/2021						—						7,214						8,429						7,936						0.59		%

The accompanying notes are an integral part of these consolidated financial statements.

18

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Table of Contents

New Mountain Finance Corporation

 

Consolidated Schedule of Investments (Continued)

September 30, 2023

(in thousands, except shares)

(unaudited)

Portfolio Company, Location and Industry (1)						Type of Investment						Reference						Spread						Total Coupon (19)						Acquisition Date						Maturity / Expiration Date						Principal  Amount,  Par Value  or Shares (17)						Cost						Fair  Value						Percent of Net Assets
HB Wealth Management, LLC
Financial Services						Preferred shares (11)(15)						FIXED(Q)*						4.00%/PIK						4.00%						09/2021						—						48,303						$	4,784					$	5,125					0.38		%
FS WhiteWater Holdings, LLC (30)
Consumer Services						Ordinary shares (5)(15)						—						—						—						12/2021						—						50,000						5,000						4,233						0.32		%
OA Topco, L.P. (32)
Healthcare						Ordinary shares (3)(15)						—						—						—						12/2021						—						2,000,000						2,000						2,879						0.22		%
Appriss Health Holdings, Inc. (23)
Appriss Health Intermediate Holdings, Inc.
Healthcare						Preferred shares (3)(15)						FIXED(Q)*						11.00%/PIK						11.00%						05/2021						—						2,333						2,992						2,768						0.21		%
Pioneer Topco I, L.P. (31)
Software						Ordinary shares (13)(15)						—						—						—						11/2021						—						199,980						2,000						1,813						0.14		%
Ancora Acquisition LLC
Education						Preferred shares (9)(15)						SOFR(Q)						—						—						08/2013						—						372						83						158						0.01		%
GEDC Equity, LLC
Healthcare						Ordinary shares (3)(15)						—						—						—						06/2023						—						190,000						190						150						0.01		%
Education Management Corporation (20)
Education						Preferred shares (2)						—						—						—						01/2015						—						3,331						200						—
						Preferred shares (3)						—						—						—						01/2015						—						1,879						113						—
						Ordinary shares (2)						—						—						—						01/2015						—						2,994,065						100						—
						Ordinary shares (3)						—						—						—						01/2015						—						1,688,976						56						—
																																																469						—						—		%
AAC Lender Holdings, LLC (27)
Education						Ordinary shares (3)(15)						SOFR(Q)						—						—						03/2021						—						758						—						—
Total Shares - United States																																																$	167,399					$	163,960					12.27		%
Equity - Hong Kong
Bach Special Limited (Bach Preference Limited)**
Education						Preferred shares (3)(15)						FIXED(Q)*						12.25%/PIK						12.25%						09/2017						—						119,026						$	11,823					$	11,191					0.84		%
Total Shares - Hong Kong																																																$	11,823					$	11,191					0.84		%
Total Shares																																																$	179,222					$	175,151					13.11		%
Total Funded Investments																																																$	2,430,347					$	2,319,399					167.25		%
Unfunded Debt Investments - United States
KPSKY Acquisition Inc.
Business Services						First lien (2)(15)(18) - Undrawn						—						—						—						06/2022						06/2024						$	337					$	—					$	—					—		%

The accompanying notes are an integral part of these consolidated financial statements.

19

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Table of Contents

New Mountain Finance Corporation

 

Consolidated Schedule of Investments (Continued)

September 30, 2023

(in thousands, except shares)

(unaudited)

Portfolio Company, Location and Industry (1)						Type of Investment						Reference						Spread						Total Coupon (19)						Acquisition Date						Maturity / Expiration Date						Principal  Amount,  Par Value  or Shares (17)						Cost						Fair  Value						Percent of Net Assets
Ansira Holdings, Inc.
Business Services						First lien (3)(15)(18) - Undrawn						—						—						—						11/2022						11/2024						$	1,161					$	—					$	—					—		%
AAC Lender Holdings, LLC (27)
American Achievement Corporation (aka AAC Holding Corp.)
Education						First lien (3)(15)(18) - Undrawn						—						—						—						01/2021						09/2026						2,652						—						—						—		%
Safety Borrower Holdings LLC
Software						First lien (3)(15)(18) - Undrawn						—						—						—						09/2021						09/2027						256						(1)						—						—		%
Coyote Buyer, LLC
Specialty Chemicals & Materials						First lien (3)(15)(18) - Undrawn						—						—						—						03/2020						02/2025						304						(2)						—						—		%
Project Power Buyer, LLC
Software						First lien (3)(15)(18) - Undrawn						—						—						—						01/2023						05/2025						184						(3)						—						—		%
Appriss Health Holdings, Inc. (23)
Appriss Health, LLC
Healthcare						First lien (3)(15)(18) - Undrawn						—						—						—						05/2021						05/2027						417						(4)						—						—		%
PPV Intermediate Holdings, LLC
Consumer Services						First lien (3)(15)(18) - Undrawn						—						—						—						08/2022						08/2029						486						(5)						—						—		%
Bullhorn, Inc.
Software						First lien (3)(15)(18) - Undrawn						—						—						—						09/2019						09/2026						852						(6)						—						—		%
USRP Holdings, Inc.
Business Services						First lien (3)(15)(18) - Undrawn						—						—						—						07/2021						07/2027						893						(9)						—						—		%
Kele Holdco, Inc.
Distribution & Logistics						First lien (3)(15)(18) - Undrawn						—						—						—						02/2020						02/2026						1,799						(9)						—						—		%
Xactly Corporation
Software						First lien (3)(15)(18) - Undrawn						—						—						—						07/2017						07/2025						992						(10)						—						—		%
Granicus, Inc.
Software						First lien (3)(15)(18) - Undrawn						—						—						—						01/2021						01/2027						1,303						(10)						—						—		%

The accompanying notes are an integral part of these consolidated financial statements.

20

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Table of Contents

New Mountain Finance Corporation

 

Consolidated Schedule of Investments (Continued)

September 30, 2023

(in thousands, except shares)

(unaudited)

Portfolio Company, Location and Industry (1)						Type of Investment						Reference						Spread						Total Coupon (19)						Acquisition Date						Maturity / Expiration Date						Principal  Amount,  Par Value  or Shares (17)						Cost						Fair  Value						Percent of Net Assets
Coupa Holdings, LLC
Software						First lien (3)(15)(18) - Undrawn						—						—						—						02/2023						08/2024						$	1,291					$	—					$	—
						First lien (3)(15)(18) - Undrawn						—						—						—						02/2023						02/2029						989						(12)						—
																																																(12)						—						—		%
Trinity Air Consultants Holdings Corporation
Business Services						First lien (2)(15)(18) - Undrawn						—						—						—						06/2021						06/2024						2,157						—						—
						First lien (3)(15)(18) - Undrawn						—						—						—						06/2021						06/2027						1,501						(15)						—
																																																(15)						—						—		%
Foreside Financial Group, LLC
Business Services						First lien (3)(15)(18) - Undrawn						—						—						—						05/2022						05/2024						4,627						—						—
						First lien (3)(15)(18) - Undrawn						—						—						—						05/2022						09/2027						1,551						(16)						—
																																																(16)						—						—		%
Associations, Inc.
Business Services						First lien (3)(15)(18) - Undrawn						—						—						—						07/2021						07/2027						3,543						(18)						—						—		%
Wealth Enhancement Group, LLC
Financial Services						First lien (3)(15)(18) - Undrawn						—						—						—						08/2021						10/2027						2,040						(6)						—
						First lien (2)(15)(18) - Undrawn						—						—						—						05/2022						05/2024						4,624						(12)						—
																																																(18)						—						—		%
Recorded Future, Inc.
Software						First lien (3)(15)(18) - Undrawn						—						—						—						08/2019						07/2025						2,981						(20)						—						—		%
Avalara, Inc.
Software						First lien (3)(15)(18) - Undrawn						—						—						—						10/2022						10/2028						1,720						(21)						—						—		%
Oranje Holdco, Inc.
Education						First lien (3)(15)(18) - Undrawn						—						—						—						02/2023						02/2029						1,860						(23)						—						—		%
GS Acquisitionco, Inc.
Software						First lien (3)(15)(18) - Undrawn						—						—						—						08/2019						05/2026						3,730						(23)						—						—		%
Infogain Corporation
Business Services						First lien (3)(15)(18) - Undrawn						—						—						—						07/2021						07/2026						3,827						(29)						—						—		%

The accompanying notes are an integral part of these consolidated financial statements.

21

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Table of Contents

New Mountain Finance Corporation

 

Consolidated Schedule of Investments (Continued)

September 30, 2023

(in thousands, except shares)

(unaudited)

Portfolio Company, Location and Industry (1)						Type of Investment						Reference						Spread						Total Coupon (19)						Acquisition Date						Maturity / Expiration Date						Principal  Amount,  Par Value  or Shares (17)						Cost						Fair  Value						Percent of Net Assets
GC Waves Holdings, Inc.
Financial Services						First lien (2)(15)(18) - Undrawn						—						—						—						10/2019						12/2024						$	96					$	—					$	—					—		%
						First lien (3)(15)(18) - Undrawn						—						—						—						10/2019						08/2028						3,951						(30)						—
																																																(30)						—						—		%
OA Topco, L.P. (32)
OA Buyer, Inc.
Healthcare						First lien (3)(15)(18) - Undrawn						—						—						—						12/2021						12/2028						3,600						(36)						—						—		%
Knockout Intermediate Holdings I Inc. (33)
Kaseya Inc.
Software						First lien (3)(15)(18) - Undrawn						—						—						—						06/2022						06/2029						2,888						(22)						—
						First lien (3)(15)(18) - Undrawn						—						—						—						06/2022						06/2024						3,616						(27)						—
																																																(49)						—						—		%
AmeriVet Partners Management, Inc.
Consumer Services						First lien (3)(15)(18) - Undrawn						—						—						—						02/2022						02/2028						1,969						(10)						—
						First lien (3)(15)(18) - Undrawn						—						—						—						02/2022						02/2024						8,764						(44)						—
																																																(54)						—						—		%
DCA Investment Holding, LLC
Healthcare						First lien (3)(15)(18) - Undrawn						—						—						—						12/2022						12/2023						48						—						(1)						(0.00)%
Pye-Barker Fire & Safety, LLC
Business Services						First lien (3)(15)(18) - Undrawn						—						—						—						11/2021						11/2026						1,161						(16)						(6)						(0.00)%
CG Group Holdings, LLC
Specialty Chemicals & Materials						First lien (3)(15)(18) - Undrawn						—						—						—						07/2021						07/2026						226						(3)						(12)						(0.00)%
Sun Acquirer Corp.
Consumer Services						First lien (3)(15)(18) - Undrawn						—						—						—						09/2021						09/2027						559						(5)						(12)						(0.00)%
NMC Crimson Holdings, Inc.
Healthcare						First lien (3)(15)(18) - Undrawn						—						—						—						03/2021						12/2023						889						—						(16)						(0.00)%
Calabrio, Inc.
Software						First lien (3)(15)(18) - Undrawn						—						—						—						04/2021						04/2027						637						(5)						(16)						(0.00)%
Specialtycare, Inc.
Healthcare						First lien (3)(15)(18) - Undrawn						—						—						—						06/2021						06/2026						559						(8)						(19)						(0.00)%

The accompanying notes are an integral part of these consolidated financial statements.

22

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Table of Contents

New Mountain Finance Corporation

 

Consolidated Schedule of Investments (Continued)

September 30, 2023

(in thousands, except shares)

(unaudited)

Portfolio Company, Location and Industry (1)						Type of Investment						Reference						Spread						Total Coupon (19)						Acquisition Date						Maturity / Expiration Date						Principal  Amount,  Par Value  or Shares (17)						Cost						Fair  Value						Percent of Net Assets
MRI Software LLC
Software						First lien (3)(15)(18) - Undrawn						—						—						—						01/2020						02/2026						$	2,002					$	(10)					$	(19)					(0.00)%
Daxko Acquisition Corporation
Software						First lien (3)(15)(18) - Undrawn						—						—						—						10/2021						04/2024						524						—						(9)
						First lien (3)(15)(18) - Undrawn						—						—						—						10/2021						10/2027						863						(9)						(13)
																																																(9)						(22)						(0.00)%
iCIMS, Inc.
Software						First lien (2)(18) - Undrawn						—						—						—						09/2023						08/2024						1,080						—						—
						First lien (8)(18) - Undrawn						—						—						—						08/2022						08/2024						6,969						—						—
						First lien (3)(18) - Undrawn						—						—						—						08/2022						08/2028						2,347						(21)						(23)
																																																(21)						(23)						(0.00)%
Community Brands ParentCo, LLC
Software						First lien (3)(15)(18) - Undrawn						—						—						—						02/2022						02/2028						425						(4)						(10)
						First lien (3)(15)(18) - Undrawn						—						—						—						02/2022						02/2024						849						—						(21)
																																																(4)						(31)						(0.00)%
Deca Dental Holdings LLC
Healthcare						First lien (3)(15)(18) - Undrawn						—						—						—						08/2021						08/2027						1,009						(10)						(31)						(0.00)%
IG Investments Holdings, LLC
Business Services						First lien (3)(15)(18) - Undrawn						—						—						—						09/2021						09/2027						2,298						(23)						(31)						(0.00)%
FS WhiteWater Holdings, LLC (30)
FS WhiteWater Borrower, LLC
Consumer Services						First lien (3)(15)(18) - Undrawn						—						—						—						07/2022						07/2024						1,597						(16)						(13)
						First lien (3)(15)(18) - Undrawn						—						—						—						12/2021						12/2027						1,260						(13)						(21)
																																																(29)						(34)						(0.00)%
YLG Holdings, Inc.
Business Services						First lien (5)(15)(18) - Undrawn						—						—						—						10/2021						10/2023						4						—						—
						First lien (5)(15)(18) - Undrawn						—						—						—						10/2021						12/2024						865						—						(8)
						First lien (3)(15)(18) - Undrawn						—						—						—						11/2019						10/2025						3,968						(20)						(38)
																																																(20)						(46)						(0.00)%

The accompanying notes are an integral part of these consolidated financial statements.

23

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Table of Contents

New Mountain Finance Corporation

 

Consolidated Schedule of Investments (Continued)

September 30, 2023

(in thousands, except shares)

(unaudited)

Portfolio Company, Location and Industry (1)						Type of Investment						Reference						Spread						Total Coupon (19)						Acquisition Date						Maturity / Expiration Date						Principal  Amount,  Par Value  or Shares (17)						Cost						Fair  Value						Percent of Net Assets
Pioneer Topco I, L.P. (31)
Pioneer Buyer I, LLC
Software						First lien (3)(15)(18) - Undrawn						—						—						—						11/2021						11/2027						$	2,446					$	(24)					$	(48)					(0.00)%
Groundworks, LLC
Consumer Services						First lien (3)(15)(18) - Undrawn						—						—						—						03/2023						03/2029						1,076						(16)						(16)
						First lien (4)(15)(18) - Undrawn						—						—						—						03/2023						09/2024						2,237						—						(34)
																																																(16)						(50)						(0.00)%
Diamond Parent Holdings Corp. (28)
Diligent Corporation
Software						First lien (3)(15)(18) - Undrawn						—						—						—						03/2021						08/2025						2,138						(11)						(53)						(0.00)%
IMO Investor Holdings, Inc.
Healthcare						First lien (3)(15)(18) - Undrawn						—						—						—						05/2022						05/2028						1,301						(13)						(29)
						First lien (3)(15)(18) - Undrawn						—						—						—						05/2022						05/2024						2,261						(23)						(50)
																																																(36)						(79)						(0.01)		%
Fortis Solutions Group, LLC
Packaging						First lien (3)(15)(18) - Undrawn						—						—						—						10/2021						10/2027						2,861						(29)						(31)
						First lien (3)(15)(18) - Undrawn						—						—						—						06/2022						06/2024						4,573						—						(50)
																																																(29)						(81)						(0.01)		%
TigerConnect, Inc.
Healthcare						First lien (2)(15)(18) - Undrawn						—						—						—						02/2022						02/2024						1,152						—						(18)
						First lien (3)(15)(18) - Undrawn						—						—						—						02/2022						02/2028						4,267						(43)						(66)