Company: NMFCZ
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001496099-25-000010
Chunk: 273

Company: New Mountain Finance Corp
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 273
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 December 31, 2023 in eight of our corporate subsidiaries. See Monitoring of Portfolio Investments above for more details regarding the health of our portfolio companies.

77

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

 Year Ended December 31,(in thousands)202420232022Total investment income$371,666 $374,836 $294,630 Net expenses after income taxes225,706 214,938 175,026 Net investment income145,960 159,898 119,604 Less: Net investment income related to non-controlling interest in NMNLC410 980 1,107 Net investment income related to NMFC$145,550 $158,918 $118,497 Net change in realized (losses) gains on investments(43,365)(32,854)52,703 Net change in realized gains on NMNLC1,533 — — Net change in realized gains on foreign currency420 13 827 Less: Net change in realized (losses) gains on investments related to non-controlling interest in NMNLC(148)— 4,054 Net change in realized (losses) gains of investments related to NMFC$(41,264)$(32,841)$49,476 Net change in unrealized appreciation (depreciation) of investments$15,675 $10,316 $(84,134)Net change in unrealized depreciation of securities purchased under collateralized agreements to resell(3,000)(39)(4,883)Net change in unrealized (depreciation) appreciation on foreign currency(606)100 (1,115)Provision for taxes(2,114)(1,344)(8,474)Less: Net change in unrealized appreciation (depreciation) of investments related to non-controlling interest in NMNLC798 (233)(5,365)Net change in unrealized appreciation (depreciation) of investments related to NMFC$9,157 $9,266 $(93,241)

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, investments in portfolio companies, cash