Company: NMFCZ
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001496099-25-000027
Chunk: 289

Company: New Mountain Finance Corp
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 289
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 Trojan Parent, Inc., TMK Hawk Parent, Corp., and Transcendia and unrealized depreciation in TVG-Edmentum Holdings, LLC, New Benevis Topco, LLC, PPVA Fund, L.P. and Black Elk, partially offset by realized gains in Haven Midstream Holdings LLC and unrealized appreciation in NM GP Holdco, LLC, UniTek, CentralSquare Technologies, LLC and New Permian Holdco, Inc. The provision for income taxes was attributable to equity investments that are held as of June 30, 2024 in eight of our corporate subsidiaries. See Monitoring of Portfolio Investments above for more details regarding the health of our portfolio companies.

132

Investment Income and Net Realized and Unrealized (Losses) Gains Related to Non-Controlling Interest in New Mountain Net Lease Corporation ("NMNLC")

 Six Months Ended(in thousands)June 30, 2025June 30, 2024Total investment income$169,153 $185,144 Net expenses after income taxes99,927 109,151 Net investment income69,226 75,993 Less: Net investment income related to non-controlling interest in NMNLC234 468 Net investment income related to NMFC$68,992 $75,525 Net change in realized gains (losses) on investments51,214 (42,993)Less: Net change in realized gains on investments related to non-controlling interest in NMNLC— 3 Net change in realized gains (losses) of investments related to NMFC$51,214 $(42,996)Net change in unrealized (depreciation) appreciation of investments(89,607)33,529 Net change in unrealized depreciation of securities purchased under collateralizedagreements to resell— (3,000)Net change in unrealized appreciation on foreign currency602 106 Provision for taxes(43)(767)Less: Net change in unrealized (depreciation) appreciation of investments related to non-controlling interest in NMNLC(29)518 Net change in unrealized (depreciation) appreciation of investments related to NMFC$(89,019)$29,350 

Liquidity, Capital Resources, Off-Balance Sheet Arrangements and Contractual Obligations 

Liquidity and Capital Resources

The primary use of existing funds and any funds raised in the future is expected to be for repayment of indebtedness