Company: NMFCZ
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001496099-25-000035
Chunk: 351

Company: New Mountain Finance Corp
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 351
---
239 $51,245 Other income64 49 253 134 Total investment income16,236 17,909 46,492 51,379 Interest and other financing expenses8,227 8,888 24,444 26,599 Other expenses329 229 932 737 Total expenses8,556 9,117 25,376 27,336 Net investment income7,680 8,792 21,116 24,043 Net realized (losses) gains on investments(1,294)74 (829)(5,833)Net change in unrealized (depreciation) appreciation of investments(1,122)(1,493)(9,439)5,005 Net increase in members' capital$5,264 $7,373 $10,848 $23,215 For the three and nine months ended September 30, 2025, the Company earned approximately $5,600 and $17,000, respectively, of dividend income related to SLP III, which is included in dividend income. For the three and nine months ended September 30, 2024, the Company earned approximately $5,567 and $17,205, respectively, of dividend income related to SLP III, which is included in dividend income. As of September 30, 2025 and December 31, 2024, approximately $5,600 and $6,100, respectively, of dividend income related to SLP III was included in interest and dividend receivable.The Company has determined that SLP III is an investment company under ASC 946; however, in accordance with such guidance the Company will generally not consolidate its investment in a company other than a wholly-owned investment company subsidiary. Furthermore, ASC 810 concludes that in a joint venture where both members have equal decision making authority, it is not appropriate for one member to consolidate the joint venture since neither has control. Accordingly, the Company does not consolidate SLP III.84

Table of ContentsNMFC Senior Loan Program IV LLCNMFC Senior Loan Program IV LLC ("SLP IV") was formed as a Delaware limited liability company on April 6, 2021, and commenced operations on May 5, 2021. SLP IV is structured as a private joint venture investment fund between the Company and SkyKnight Income Alpha, LLC ("SkyKnight Alpha") and operates under the First Amended and Restated Limited Liability Company Agreement