NMFC on Nasdaq
New Mountain Finance Corp
Company based in New York listed on Nasdaq (NMFC)1
In its 2026 annual report the company says: “New Mountain Finance Corporation is a Delaware corporation that was originally incorporated on June 29, 2010 and completed its initial public offering on May 19, 2011. We are a closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended.”3
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Last updated Oct 21, 2026.
Overview
- TickerNMFC on Nasdaq1
- HeadquartersNew York, New York1
- Incorporated inUnited States2
- Business address1633 Broadway, 48Th Floor, New York, Ny 100192
- Filer categoryLarge accelerated filer2
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New Mountain Finance Corporation ("NMFC", the "Company", "we", "us" or "our") is a Delaware corporation that was originally incorporated on June 29, 2010 and completed its initial public offering ("IPO") on May 19, 2011. We are a closed-end, non-diversified management investment company that has elected to be regulated as a business development company ("BDC") under the Investment Company Act of 1940, as amended (the "1940 Act"). We have elected to be treated, and intend to comply with the requirements to continue to qualify annually, as a regulated investment company ("RIC") under Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"). Since our IPO, and through December 31, 2025, we have raised approximately $1,034.6 million in net proceeds from additional offerings of common stock.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 5 fiscal years, latest first.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| PIK interest income | $30.2M | $36.9M | $33.6M | ||
| Non-cash dividend income | $28.9M | $31.6M | $27.4M | ||
| Total investment income | $327.1M | $371.7M | $374.8M | ||
| Interest and other financing expenses | $123.7M | $136.6M | $124.8M | ||
| Management fee | $38.8M | $45.5M | $45.6M | ||
| Incentive fee | $30.8M | $36.4M | $38.3M | ||
| Professional fees | $4.6M | $4.4M | $3.8M | ||
| Administrative expenses | $4.2M | $4.2M | $4.1M | ||
| Other general and administrative expenses | $1.8M | $2.0M | $2.1M | ||
| Total expenses | $203.8M | $229.2M | $218.6M | ||
| Less: management and incentive fees waived (see Note 5) | -$13.1M | -$3.7M | -$4.1M | ||
| Net expenses | $190.7M | $225.4M | $214.5M | ||
| Net investment income before income taxes | $136.4M | $146.2M | $160.3M | ||
| Income tax expense | $21.0K | $262.0K | $418.0K | ||
| Net investment income | $136.4M | $146.0M | $159.9M | ||
| Investments | $43.2M | -$41.8M | -$32.9M | ||
| Foreign currency | $0 | $420.0K | $13.0K | ||
| Investments | -$162.6M | $15.7M | $10.3M | ||
| Securities purchased under collateralized agreements to resell | $0 | -$3.0M | -$39.0K | ||
| Foreign currency | $480.0K | -$606.0K | $100.0K | ||
| Provision for taxes | -$409.0K | -$2.1M | -$1.3M | ||
| Net realized and unrealized losses | -$119.4M | -$31.5M | -$23.8M | ||
| Net increase in net assets resulting from operations | $17.0M | $114.5M | $136.1M | ||
| Less: Net increase in net assets resulting from operations related to non-controlling interest in New Mountain Net Lease Corporation | -$485.0K | -$1.1M | -$747.0K | ||
| Net increase in net assets resulting from operations related to New Mountain Finance Corporation | $16.5M | $113.4M | $135.3M | ||
| Basic earnings per share (in dollars per share) | $0.16 | $1.06 | $1.34 | ||
| Weighted average shares of common stock outstanding - basic (in shares) | 106.2M shares | 106.6M shares | 101.1M shares | 100.2M shares | 97.0M shares |
| Diluted earnings per share (in dollars per share) | $0.16 | $1.03 | $1.24 | ||
| Weighted average shares of common stock outstanding - diluted (in shares) | 121.1M shares | 125.5M shares | 123.5M shares | ||
| Distributions declared per share (in dollars per share) | $1.28 | $1.37 | $1.49 | ||
| Distributions paid per share (in dollars per share) | $1.28 | $1.37 | $1.49 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 16 quarters (quarterly), latest first.7
| Period ending | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Investments at fair value | $2.7B | $3.1B | |||
| Securities purchased under collateralized agreements to resell (cost of $30,000 and $30,000, respectively) | $13.5M | $13.5M | |||
| Cash and cash equivalents | $80.7M | $80.3M | |||
| Interest and dividend receivable | $38.5M | $42.4M | |||
| Derivative asset at fair value | $5.6M | $0 | |||
| Other assets | $17.9M | $19.3M | |||
| Total assets | $2.9B | $3.2B | |||
| Unsecured Notes | $991.6M | $978.5M | |||
| SBA-guaranteed debentures | $196.2M | $300.0M | |||
| 2022 Convertible Notes | $0 | $260.1M | |||
| Deferred financing costs (net of accumulated amortization of $45,302 and $63,971, respectively) | -$17.9M | -$24.2M | |||
| Net borrowings | $1.7B | $1.8B | |||
| Payable to broker | $14.6M | $3.2M | |||
| Interest payable | $11.9M | $17.1M | |||
| Management fee payable | $9.2M | $10.5M | |||
| Incentive fee payable | $3.0M | $8.6M | |||
| Deferred tax liability | $1.8M | $1.4M | |||
| Payable for unsettled securities purchased | $463.0K | $0 | |||
| Derivative liability at fair value | $366.0K | $7.4M | |||
| Other liabilities | $2.2M | $2.4M | |||
| Total liabilities | $1.7B | $1.9B | |||
| Preferred stock, par value $0.01 per share, 2,000,000 shares authorized, none issued | $0 | $0 | |||
| Common stock, par value $0.01 per share, 200,000,000 shares authorized, 107,851,929 and 107,851,415 shares issued, respectively, and 102,638,388 and 107,851,415 shares outstanding, respectively | $1.1M | $1.1M | |||
| Paid in capital in excess of par | $1.4B | $1.4B | |||
| Treasury stock at cost, 5,213,541 and 0 shares held, respectively | -$52.0M | $0 | |||
| Accumulated overdistributed earnings | -$121.7M | -$13.6M | |||
| Total net assets of New Mountain Finance Corporation | $1.2B | $1.4B | |||
| Non-controlling interest in New Mountain Net Lease Corporation | $6.1M | $6.0M | |||
| Total net assets | $1.2B | $1.4B | |||
| Total liabilities and net assets | $2.9B | $3.2B | |||
| Number of shares outstanding (in shares) | 102.6M shares | 107.9M shares | |||
| Net asset value per share of new mountain finance corporation (in dollars per share) | $11.52 | $12.06 | $12.21 | $12.45 | $12.55 |
| Investments, cost | $2.9B | $3.1B | |||
| Securities purchased under collateralized agreements to resell, cost | $30.0M | $30.0M | |||
| Deferred financing costs, accumulated amortization | $45.3M | $64.0M | |||
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | |||
| Preferred stock, shares authorized (in shares) | 2.0M shares | 2.0M shares | |||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | |||
| Common stock, shares authorized (in shares) | 200.0M shares | 200.0M shares | |||
| Common stock, shares issued (in shares) | 107.9M shares | 107.9M shares | |||
| Treasury stock, common (in shares) | 5.2M shares | 0 shares | |||
| Receivable from unsettled securities sold | $4.1M | $0 |
| Period ending | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Investments at fair value | $2.7B | $3.1B | ||||||||||||||
| Securities purchased under collateralized agreements to resell (cost of $30,000 and $30,000, respectively) | $13.5M | $13.5M | ||||||||||||||
| Cash and cash equivalents | $80.7M | $80.3M | ||||||||||||||
| Interest and dividend receivable | $38.5M | $42.4M | ||||||||||||||
| Derivative asset at fair value | $5.6M | $0 | ||||||||||||||
| Other assets | $17.9M | $19.3M | ||||||||||||||
| Total assets | $2.9B | $3.2B | ||||||||||||||
| Unsecured Notes | $991.6M | $978.5M | $506.5M | |||||||||||||
| SBA-guaranteed debentures | $196.2M | $300.0M | $300.0M | $300.0M | $300.0M | $300.0M | $225.0M | $165.0M | $150.0M | $121.7M | ||||||
| 2022 Convertible Notes | $0 | $260.1M | ||||||||||||||
| Deferred financing costs (net of accumulated amortization of $45,302 and $63,971, respectively) | -$17.9M | -$24.2M | ||||||||||||||
| Net borrowings | $1.7B | $1.8B | ||||||||||||||
| Payable to broker | $14.6M | $3.2M | ||||||||||||||
| Interest payable | $11.9M | $17.1M | ||||||||||||||
| Management fee payable | $9.2M | $10.5M | ||||||||||||||
| Incentive fee payable | $3.0M | $8.6M | ||||||||||||||
| Deferred tax liability | $1.8M | $1.4M | ||||||||||||||
| Payable for unsettled securities purchased | $463.0K | $0 | ||||||||||||||
| Derivative liability at fair value | $366.0K | $7.4M | ||||||||||||||
| Other liabilities | $2.2M | $2.4M | ||||||||||||||
| Total liabilities | $1.7B | $1.9B | ||||||||||||||
| Preferred stock, par value $0.01 per share, 2,000,000 shares authorized, none issued | $0 | $0 | ||||||||||||||
| Common stock, par value $0.01 per share, 200,000,000 shares authorized, 107,851,929 and 107,851,415 shares issued, respectively, and 102,638,388 and 107,851,415 shares outstanding, respectively | $1.1M | $1.1M | ||||||||||||||
| Paid in capital in excess of par | $1.4B | $1.4B | ||||||||||||||
| Treasury stock at cost, 5,213,541 and 0 shares held, respectively | -$52.0M | $0 | ||||||||||||||
| Accumulated overdistributed earnings | -$121.7M | -$13.6M | ||||||||||||||
| Total net assets of New Mountain Finance Corporation | $1.2B | $1.4B | ||||||||||||||
| Non-controlling interest in New Mountain Net Lease Corporation | $6.1M | $6.0M | ||||||||||||||
| Total net assets | $1.2B | $1.4B | $1.3B | $1.3B | ||||||||||||
| Total liabilities and net assets | $2.9B | $3.2B | ||||||||||||||
| Number of shares outstanding (in shares) | 102.6M shares | 107.9M shares | 102.6M shares | 100.9M shares | 97.9M shares | |||||||||||
| Net asset value per share of new mountain finance corporation (in dollars per share) | $11.52 | $12.06 | $12.21 | $12.45 | $12.55 | $12.62 | $12.74 | $12.77 | $12.87 | $13.02 | $13.49 | $12.62 | ||||
| Investments, cost | $2.9B | $3.1B | ||||||||||||||
| Securities purchased under collateralized agreements to resell, cost | $30.0M | $30.0M | ||||||||||||||
| Deferred financing costs, accumulated amortization | $45.3M | $64.0M | ||||||||||||||
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | ||||||||||||||
| Preferred stock, shares authorized (in shares) | 2.0M shares | 2.0M shares | ||||||||||||||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||||||||||||||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||||||||||||||
| Common stock, shares authorized (in shares) | 200.0M shares | 200.0M shares | ||||||||||||||
| Common stock, shares issued (in shares) | 107.9M shares | 107.9M shares | ||||||||||||||
| Treasury stock, common (in shares) | 5.2M shares | 0 shares | ||||||||||||||
| Receivable from unsettled securities sold | $4.1M | $0 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net increase in net assets resulting from operations | $17.0M | $114.5M | $136.1M |
| "Net realized (gains) losses on investments and New Mountain Net Lease Corporation (""NMNLC"")" | -$43.2M | $41.8M | $32.9M |
| Net realized gains on translation of assets and liabilities in foreign currencies | $0 | -$420.0K | -$13.0K |
| Net change in unrealized depreciation (appreciation) of investments and NMNLC | $162.6M | -$15.7M | -$10.3M |
| Net change in unrealized (appreciation) depreciation on translation of assets and liabilities in foreign currencies | -$480.0K | $606.0K | -$100.0K |
| Net change in unrealized depreciation of securities purchased under collateralized agreements to resell | $0 | $3.0M | $39.0K |
| Amortization of purchase discount | -$8.8M | -$7.4M | -$6.3M |
| Amortization of deferred financing costs | $8.8M | $9.8M | $6.8M |
| Net change due to hedging activity | -$867.0K | $209.0K | $0 |
| Non-cash investment income | -$60.7M | -$70.1M | -$61.5M |
| Cash paid for purchase of non-controlling interest in NMNLC | $0 | -$4.7M | $0 |
| Cash distribution received for purchase of non-controlling interest in NMNLC | $0 | $244.0K | $0 |
| Cash received for purchase of undrawn portion of revolving credit or delayed draw facilities | $238.0K | $464.0K | $224.0K |
| Interest and dividend receivable | $3.8M | $1.8M | -$7.9M |
| Receivable from affiliates | -$168.0K | -$131.0K | -$82.0K |
| Deferred tax liability (asset) | $0 | $594.0K | -$594.0K |
| Receivable from unsettled securities sold | -$4.1M | $0 | $0 |
| Other assets | $1.4M | -$2.9M | -$6.6M |
| Interest payable | -$5.2M | -$3.2M | $813.0K |
| Management fee payable | -$1.3M | $351.0K | -$408.0K |
| Incentive fee payable | -$5.6M | $70.0K | $2.3M |
| Payable for unsettled securities purchased | $463.0K | $0 | $0 |
| Deferred tax asset (liability) | $409.0K | $1.4M | -$8.5M |
| Payable to affiliates | $0 | $0 | -$78.0K |
| Payable to broker | $11.4M | $3.2M | $0 |
| Other liabilities | -$139.0K | -$349.0K | -$272.0K |
| Net cash flows provided by operating activities | $379.0M | $42.0M | $332.7M |
| Net proceeds from shares sold | $0 | $67.7M | $21.2M |
| Repurchase of shares under repurchase programs | -$52.0M | $0 | $0 |
| Distributions paid | -$135.7M | -$147.2M | -$150.7M |
| Offering costs paid | -$76.0K | -$444.0K | -$409.0K |
| Proceeds from Unsecured Notes | $0 | $595.0M | $115.0M |
| Repayment from Unsecured Notes | $0 | -$116.5M | -$140.0M |
| Proceeds from Convertible Notes | $0 | $0 | $60.3M |
| Repayment of Convertible Notes | -$260.0M | $0 | -$116.8M |
| Repayment of SBA-guaranteed debentures | -$103.8M | $0 | $0 |
| Distributions related to non-controlling interest in NMNLC | -$358.0K | -$925.0K | -$693.0K |
| Deferred financing costs paid | -$2.6M | -$11.7M | -$11.9M |
| Net cash flows used in financing activities | -$378.7M | -$31.4M | -$333.9M |
| Net increase (decrease) in cash and cash equivalents | $245.0K | $10.6M | -$1.2M |
| Effect of foreign exchange rate changes on cash and cash equivalents | $153.0K | -$409.0K | $55.0K |
| Cash interest paid | $114.9M | $127.3M | $115.5M |
| Income taxes (received) paid | -$301.0K | $152.0K | $11.6M |
| Non-cash activity on investments | $74.7M | $26.4M | $15.8M |
| Conversion of 2022 Convertible Notes to shares | $7.0K | $0 | $0 |
| Accrual for offering costs | $41.0K | $106.0K | $147.0K |
| Accrual for deferred financing costs | $57.0K | $108.0K | $213.0K |
No quarter-by-quarter statement was filed.
Corporate structure
New Mountain Finance Corp sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of New Mountain Finance Corp
- Steven B. Klinsky Filed SCHEDULE 13D/A on New Mountain Finance Corp, latest Mar 12, 2026 (3 filings since Nov 26, 2024)
- Radcliffe Capital Management, L.P. Filed SC 13G/A on New Mountain Finance Corp, latest Nov 14, 2024 (4 filings since Feb 14, 2023)
- New Mountain Finance Corp New York, New York
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What New Mountain Finance Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Investments
Properties, in its own words
We do not own any real estate or other physical properties materially important to our operations. Our principal executive offices are located at 1633 Broadway, 48th Floor, New York, New York 10019, where we occupy our office space pursuant to our Administration Agreement with the Administrator. The office space is shared with our Investment Adviser, our Administrator and New Mountain Capital. We believe that our current office facilities are suitable and adequate for our business as currently conducted.
Item 2 of the 10-K filed Feb 24, 2026.3
Leadership
Who has led New Mountain Finance Corp, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
201520202025
- Chief executive officerRobert Hamwee May 19, 2011 to Jun 17, 202210
- PresidentRobert Hamwee May 14, 2012 to Dec 15, 201511
- Chief financial officerLaura Holson Boswerger May 15, 2023 to May 15, 202312
- Chief financial officerKris Corbett Dec 1, 2023 to now13
- Chief financial officerMelody L. Siu Aug 21, 2015 to Aug 21, 201514
- Chief financial officerShiraz Kajee Dec 8, 2015 to May 18, 202215
- Chief financial officerDavid M. Cordova Jan 7, 2013 to Mar 13, 201416
- Chief operating officerLaura Holson Boswerger Feb 25, 2022 to now17
Board members and other officers (14)
- Chief Compliance OfficerJoseph Hartswell Mar 9, 2022 to May 20, 202218
- CCO and Corporate SecretaryKarrie J. Jerry Jun 25, 2015 to Mar 13, 202019
- Chief Compliance OfficerPaula Bosco May 19, 2011 to Jun 11, 201420
- Board memberJohn P. Malfettone Jan 26, 2026 to now21
- Board memberBarbara Daniel Jul 6, 2023 to Jul 6, 202322
- Board memberAlice Handy Nov 22, 2019 to Mar 9, 202123
- Board memberRome G. Arnold Iii. Mar 16, 2017 to Mar 15, 202324
- Board memberAlfred F. Hurley Jr. May 19, 2011 to Mar 16, 201825
- Board memberDavid Ogens May 19, 2011 to now26
- Board memberKurt Wolfgruber May 19, 2011 to Dec 19, 201827
- Board memberRobert Hamwee May 19, 2011 to Aug 4, 202310
- Board memberSteven B. Klinsky May 19, 2011 to now28
- Board memberAdam J. Collins Aug 17, 2011 to Aug 17, 201129
- Board memberDaniel B. Hebert Aug 17, 2011 to Oct 3, 201930
Former names
- New Mountain Guardian CorpJul 22, 2010 to Feb 18, 20112
Timeline
- Aug 3, 20268-K Results of operations; Regulation FD disclosure31
- Jun 18, 20268-K New debt or obligation; Other events32
- Jun 5, 20268-K Other events33
- May 15, 20268-K Shareholder vote34
- May 4, 20268-K Results of operations; Executive or director change; Regulation FD disclosure35
- Mar 24, 20268-K Executive or director change36
- Mar 13, 20268-K Entered a material agreement; Completed an acquisition or sale; New debt or obligation37
- Feb 24, 20268-K Results of operations; Regulation FD disclosure38
- Jan 16, 20268-K Executive or director change39
- Nov 3, 20258-K Results of operations; Regulation FD disclosure40
- Oct 29, 20258-K Entered a material agreement; New debt or obligation; Other events41
- Aug 4, 20258-K Results of operations; Regulation FD disclosure42
- May 19, 2011New chief executive Robert Hamwee becomes CEO10
Calendar
Coming up
- Nov 2, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.32 a share, on Nov 3, 2025.43
When it reported results
- Aug 3, 2026Reported quarterly or annual results31
- May 4, 2026Reported quarterly or annual results35
- Feb 24, 2026Reported quarterly or annual results38
- Nov 3, 2025Reported quarterly or annual results40
- Aug 4, 2025Reported quarterly or annual results42
- May 5, 2025Reported quarterly or annual results44
- Feb 26, 2025Reported quarterly or annual results45
- Oct 30, 2024Reported quarterly or annual results46
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
217 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 67 major events, 65 insider forms, 7 large holders, 58 other. The latest 20:
- Sep 11, 20264 EDGAR
- Aug 3, 202610-Q EDGAR
- Aug 3, 20268-K EDGAR
- Jun 18, 20268-K EDGAR
- Jun 16, 20264 EDGAR
- Jun 15, 2026144 EDGAR
- Jun 5, 20268-K EDGAR
- Jun 3, 202640-17G EDGAR
- May 15, 20268-K EDGAR
- May 4, 202610-Q EDGAR
- May 4, 20268-K EDGAR
- Mar 27, 2026DEFA14A DEFA 14A EDGAR
- Mar 27, 2026DEF 14A EDGAR
- Mar 24, 20268-K EDGAR
- Mar 18, 20264 EDGAR
- Mar 13, 20268-K EDGAR
- Mar 12, 20264 EDGAR
- Mar 12, 2026SCHEDULE 13D/A EDGAR
- Mar 6, 20264 EDGAR
- Mar 5, 20264 EDGAR
The 217 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
80 open-market trades by officers, directors and large owners since October 2021: 77 buys and 3 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 15, 2026 | Malfettone John PDirector | Sale | 77,500 | $7.89 | $611.5K | Form 4 |
| Mar 17, 2026 | Weinstein Adam B.EVP, CAO and Director | Buy | 12,900 | $7.61 | $98.2K | Form 4 |
| Mar 11, 2026 | KLINSKY STEVEN BDirector | Buy | 276,242 | $8.05 | $2.2M | Form 4 |
| Mar 10, 2026 | KLINSKY STEVEN BDirector | Buy | 223,758 | $8.05 | $1.8M | Form 4 |
| Mar 5, 2026 | KLINSKY STEVEN BDirector | Buy | 237,873 | $8.10 | $1.9M | Form 4 |
| Mar 4, 2026 | KLINSKY STEVEN BDirector | Buy | 186,905 | $8.17 | $1.5M | Form 4 |
| Mar 3, 2026 | KLINSKY STEVEN BDirector | Buy | 250,495 | $7.94 | $2.0M | Form 4 |
| Mar 3, 2026 | Ogens DavidDirector | Buy | 12,500 | $7.87 | $98.4K | Form 4 |
| Mar 2, 2026 | KLINSKY STEVEN BDirector | Buy | 186,725 | $7.79 | $1.5M | Form 4 |
| Mar 2, 2026 | Weinstein Adam B.EVP, CAO and Director | Buy | 3,307 | $7.73 | $25.6K | Form 4 |
| Feb 27, 2026 | KLINSKY STEVEN BDirector | Buy | 138,002 | $7.69 | $1.1M | Form 4 |
| Feb 27, 2026 | Weinstein Adam B.EVP, CAO and Director | Buy | 38,400 | $7.76 | $298.0K | Form 4 |
| Feb 27, 2026 | Boswerger Laura C. HolsonCOO | Buy | 12,500 | $7.74 | $96.8K | Form 4 |
| Sep 16, 2025 | KLINSKY STEVEN BDirector | Buy | 106,691 | $9.78 | $1.0M | Form 4 |
| Sep 15, 2025 | Weinstein Adam B.EVP, CAO and Director | Buy | 49,750 | $10.03 | $499.0K | Form 4 |
| Aug 11, 2025 | Ogens DavidDirector | Buy | 26,000 | $10.23 | $266.1K | Form 4 |
| Aug 7, 2025 | Corbett KrisCFO and Treasurer | Buy | 750 | $10.14 | $7.6K | Form 4 |
| Mar 7, 2025 | Ogens DavidDirector | Buy | 5,000 | $11.30 | $56.5K | Form 4 |
| Mar 6, 2025 | Ogens DavidDirector | Buy | 5,000 | $11.32 | $56.6K | Form 4 |
| Mar 5, 2025 | Ogens DavidDirector | Buy | 5,000 | $11.31 | $56.5K | Form 4 |
All 80 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Steven B. KlinskySCHEDULE 13D/A, 3 filings Nov 26, 2024 to Mar 12, 202647
- Radcliffe Capital Management, L.P.SC 13G/A, 4 filings Feb 14, 2023 to Nov 14, 202448
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How New Mountain Finance Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARNew Mountain Finance Corp1
- CIK0001496099
- Employer ID (EIN)27-29780103
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company3
- Incorporated inDelaware3
- Fiscal year endsDecember 311
- Business address1633 Broadway, 48Th Floor, New York, NY 100191
- Phone21273002001
- Shares outstanding94,452,390 as of Aug 3, 20269
- Public float$994.0M as of Jun 30, 20253
- AuditorDELOITTE & TOUCHE LLP, New York, New York PCAOB ID 34; it also attests to the company’s internal control over financial reporting3
- On EDGAR sinceJul 22, 20101
- Filings902 in all: 4 (238), 8-K (188), 497AD (74), 10-Q (46), CORRESP (41), 497 (39), 3 (26), SC 13D/A (20)1
All 49 form types
POS EX (19), 40-17G (16), DEF 14A (16), N-2/A (16), SC 13G/A (16), 10-K (15), N-2 (12), EFFECT (11), 40-APP/A (10), SC 13G (10), 424B2 (9), DEFA14A (9), 40-APP (8), 4/A (5), UPLOAD (5), 8-A12B (4), APP NTC (4), FWP (4), PRE 14A (4), SC 13D (4), APP ORDR (3), CERT (3), N-23C-2 (3), APP WD (2), N-2ASR (2), POS 8C (2), SC TO-I (2), SC TO-I/A (2), SCHEDULE 13D/A (2), 144 (1), 25 (1), 25-NSE (1), 40-17G/A (1), 424B3 (1), 5 (1), AW (1), D (1), N-54A (1), N-6F (1), NO ACT (1), RW (1)
- Latest filingsAnnual report (10-K) Feb 24, 2026
Quarterly report (10-Q) Aug 3, 2026
Proxy statement (DEF 14A) Mar 27, 2026
Latest 8-K (8-K) Aug 3, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common stock, par value $0.01 per share | NMFC | The NASDAQ Global Select Market |
| 8.250% Notes due 2028 | NMFCZ | The NASDAQ Global Select Market |
From the cover page of the 10-K filed Feb 24, 2026 (Section 12(b) of the Exchange Act).3
Risk factors and legal proceedings
The risks New Mountain Finance Corp names in Item 1A of its 10-K filed Feb 24, 2026: 77 risks under these headings, as written.3
- RISKS RELATED TO OUR BUSINESS AND STRUCTURE
- We are currently operating in a period of capital markets disruption and economic uncertainty
- Adverse developments in the credit markets may impair our ability to secure debt financing.
- Further downgrades of the U.S. credit rating, impending automatic spending cuts or another government shutdown could negatively impact our liquidity, financial condition and earnings.
- U.S. and worldwide economic, political, regulatory and financial market conditions may adversely affect our business, results of operations and financial condition, including our revenue growth and profitability.
- Increased geopolitical unrest, terrorist attacks, or acts of war may affect any market for our common stock, impact the businesses in which we invest, and harm our business, operating results, and financial conditions.
- Inflation and rising commodity prices may adversely impact our portfolio companies.
- There is uncertainty surrounding potential legal, regulatory and policy changes by new presidential administrations in the United States that may directly affect financial institutions and the global economy.
- Our business is dependent on bank relationships and strain on the banking system and financial institutions in general may adversely impact us.
- Changes to U.S. tariff and trade policies may have a negative impact on our portfolio companies, which may in turn negatively impact us.
- We may suffer credit losses.
- There is uncertainty as to the value of our portfolio investments because most of our investments are, and may continue to be in private companies and recorded at fair value. In addition, the fair values of our investments are determined by our board of directors in accordance with our valuation policy.
The other 66 risks
- Our ability to achieve our investment objective depends on key investment personnel of the Investment Adviser. If the Investment Adviser were to lose any of its key investment personnel, our ability to achieve our investment objective could be significantly harmed.
- The 1940 Act and the Code impose numerous constraints on the operations of BDCs and RICs, which could adversely affect our business.
- We operate in a highly competitive market for investment opportunities and may not be able to compete effectively.
- Our business, results of operations and financial condition depend on our ability to manage future growth effectively.
- The management fee and incentive fee may induce the Investment Adviser to make speculative investments.
- We may be obligated to pay the Investment Adviser incentive compensation even if we incur a loss.
- The incentive fee we pay to the Investment Adviser with respect to capital gains may be effectively greater than 20.0%.
- We may face risks due to shared employees between our Investment Adviser and its affiliates and other activities of the personnel of our Investment Adviser.
- We may pay additional consulting fees to New Mountain Capital’s Executive Advisory Council.
- We borrow money, which could magnify the potential for gain or loss on amounts invested in us and increase the risk of investing in us.
- If we are unable to comply with the covenants or restrictions in our borrowings, our business could be materially adversely affected.
- The terms of our credit facilities may contractually limit our ability to incur additional indebtedness.
- We may enter into reverse repurchase agreements, which are another form of leverage.
- If we are unable to obtain additional debt financing, or if our borrowing capacity is materially reduced, our business could be materially adversely affected.
- We may need to raise additional capital to grow.
- A renewed disruption in the capital markets and the credit markets could adversely affect our business.
- Changes in interest rates may affect our cost of capital and net investment income.
- SBIC I, SBIC II and SBIC III are licensed by the SBA and are subject to SBA regulations.
- RISKS RELATED TO OUR OPERATIONS
- Because we intend to distribute substantially all of our income to our stockholders to maintain our status as a RIC, we will continue to need additional capital to finance our growth. If additional funds are unavailable or not available on favorable terms, our ability to grow may be impaired.
- SBIC I, SBIC II and SBIC III may be unable to make distributions to us that will enable us to meet or maintain our RIC tax treatment.
- Our ability to enter into transactions with our affiliates is restricted.
- The Investment Adviser has significant potential conflicts of interest with us and, consequently, your interests as stockholders which could adversely impact our investment returns.
- The Investment Committee, the Investment Adviser or its affiliates may, from time to time, possess material non-public information, limiting our investment discretion.
- The valuation process for certain of our portfolio holdings creates a conflict of interest.
- Conflicts of interest may exist related to other arrangements with the Investment Adviser or its affiliates.
- The Investment Management Agreement with the Investment Adviser and the Administration Agreement with the Administrator were not negotiated on an arm’s length basis.
- The Investment Adviser’s liability is limited under the Investment Management Agreement, and we have agreed to indemnify the Investment Adviser against certain liabilities, which may lead the Investment Adviser to act in a riskier manner than it would when acting for its own account.
- The Investment Adviser can resign upon 60 days’ notice, and a suitable replacement may not be found within that time, resulting in disruptions in our operations that could adversely affect our business, results of operations and financial condition.
- The Administrator can resign upon 60 days’ notice from its role as Administrator under the Administration Agreement, and a suitable replacement may not be found, resulting in disruptions that could adversely affect our business, results of operations and financial condition.
- If we fail to operate as a BDC, our business and operating flexibility could be significantly reduced.
- If we do not invest a sufficient portion of our assets in qualifying assets, we could be precluded from investing in certain assets or could be required to dispose of certain assets, which could have a material adverse effect on our business, financial condition and results of operations.
- Our ability to invest in public companies may be limited in certain circumstances.
- Regulations governing the operations of BDCs will affect our ability to raise additional equity capital as well as our ability to issue senior securities or borrow for investment purposes, any or all of which could have a negative effect on our investment objectives and strategies.
- Our business model in the future may depend to an extent upon our referral relationships with private equity sponsors, and the inability of the investment professionals of the Investment Adviser to maintain or develop these relationships, or the failure of these relationships to generate investment opportunities, could adversely affect our business strategy.
- We may experience fluctuations in our annual and quarterly results due to the nature of our business.
- Our board of directors may change our investment objective, operating policies and strategies without prior notice or stockholder approval, the effects of which may be adverse to your interests as stockholders.
- We will be subject to U.S. federal income tax imposed at corporate rates on all of our income if we are unable to maintain tax treatment as a RIC under Subchapter M of the Code, which would have a material adverse effect on our financial performance.
- You may have current tax liabilities on distributions you reinvest in our common stock.
- We may not be able to pay you distributions on our common stock, our distributions to you may not grow over time and a portion of our distributions to you may be a return of capital for U.S. federal income tax purposes.
- We may have difficulty paying our required distributions if we recognize taxable income before or without receiving cash representing such income.
- Special tax issues regarding below investment grade securities
- Changes in laws or regulations governing our operations may adversely affect our business or cause us to alter our business strategy.
- We cannot predict how tax reform legislation will affect us, our investments, or our stockholders, and any such legislation could adversely affect our business.
- Our business and operations could be negatively affected if we become subject to any securities litigation or shareholder activism, which could cause us to incur significant expense, hinder execution of investment strategy and impact our stock price.
- The effect of global climate change may impact the operations and valuation of our portfolio companies.
- The Small Business Credit Availability Act ("SBCA") allows us to incur additional leverage, which could increase the risk of investing in our securities.
- We incur significant costs as a result of being a publicly traded company.
- Efforts to comply with Section 404 of the Sarbanes-Oxley Act involve significant expenditures, and non-compliance with Section 404 of the Sarbanes-Oxley Act may adversely affect us and the market price of our common stock.
- Our business is highly dependent on information systems and systems failures could significantly disrupt our business, which may, in turn, negatively affect the market price of our common stock and our ability to pay distributions.
- The failure of cybersecurity protection systems, as well as the occurrence of events unanticipated in our disaster recovery systems and management continuity planning, could impair our ability to conduct business effectively.
- We, the Investment Adviser and our portfolio companies are subject to risks associated with “phishing” and other cyber-attacks.
- We are subject to risks associated with artificial intelligence and machine learning technology
- RISKS RELATING TO OUR INVESTMENTS
- Our investments in portfolio companies may be risky, and we could lose all or part of any of our investments.
- Our investment strategy, which is focused primarily on privately held companies, presents certain challenges, including the lack of available information about these companies.
- Our investments in securities rated below investment grade are speculative in nature and are subject to additional risk factors such as increased possibility of default, illiquidity of the security, and changes in value based on changes in interest rates.
- Our portfolio may be concentrated in a limited number of industries, which may subject us to a risk of significant loss if there is a downturn in a particular industry in which a number of our investments are concentrated.
- If we make unsecured investments, those investments might not generate sufficient cash flow to service their debt obligations to us.
- If we invest in the securities and obligations of distressed and bankrupt issuers, we might not receive interest or other payments.
- Defaults by our portfolio companies may harm our operating results.
- The lack of liquidity in our investments may adversely affect our business.
- Price declines and illiquidity in the corporate debt markets may adversely affect the fair value of our portfolio investments, reducing our net asset value through increased net unrealized depreciation.
- If we are unable to make follow-on investments in our portfolio companies, the value of our investment portfolio could be adversely affected.
- Our portfolio companies may incur debt that ranks equally with, or senior to, our investments in such companies.
- The disposition of our investments may result in contingent liabilities.
- There may be circumstances where our debt investments could be subordinated to claims of other creditors or we could be subject to lender liability claims.
- Second priority liens on collateral securing loans that we make to our portfolio companies may be subject to control by senior creditors with first priority liens. If there is a default, the value of the collateral may not be sufficient to repay in full both the first priority creditors and us.
Legal proceedings
We, and our consolidated subsidiaries, the Investment Adviser and the Administrator are not currently subject to any material pending legal proceedings threatened against us as of December 31, 2025. From time to time, we may be a party to certain legal proceedings incidental to the normal course of our business including the enforcement of our rights under contracts with our portfolio companies. While the outcome of these legal proceedings cannot be predicted with certainty, we do not expect that these proceedings will have a material effect upon our business, financial condition or results of operations.
The opening of Item 3, Legal Proceedings.3
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 11SEC EDGARRobert Hamwee, President
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- 21SEC EDGARJohn P. Malfettone, Board member
- 22SEC EDGARBarbara Daniel, Board member
- 23SEC EDGARAlice Handy, Board member
- 24SEC EDGARRome G. Arnold Iii., Board member
- 25SEC EDGARAlfred F. Hurley Jr., Board member
- 26SEC EDGARDavid Ogens, Board member
- 27SEC EDGARKurt Wolfgruber, Board member
- 28SEC EDGARSteven B. Klinsky, Board member
- 29SEC EDGARAdam J. Collins, Board member
- 30SEC EDGARDaniel B. Hebert, Board member
- 31
- 32SEC EDGARNew debt or obligation; Other events
- 33SEC EDGAROther events
- 34SEC EDGARShareholder vote
- 35
- 36SEC EDGARExecutive or director change
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- 39SEC EDGARExecutive or director change
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- 43NasdaqNasdaq calendar
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