Company: NMFCZ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001496099-25-000018
Chunk: 170

Company: New Mountain Finance Corp
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 170
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 may result in the transfer of certain investments within the fair value hierarchy from period to period. The following table summarizes the levels in the fair value hierarchy that the Company’s portfolio investments fall into as of March 31, 2025: TotalLevel ILevel IILevel IIIFirst lien$1,959,038 $— $29,393 $1,929,645 Second lien173,598 — 48,594 125,004 Subordinated104,948 — — 104,948 Structured Finance Obligations3,232 — — 3,232 Equity and other793,395 — — 793,395 Total investments$3,034,211 $— $77,987 $2,956,224 The following table summarizes the levels in the fair value hierarchy that the Company’s portfolio investments fall into as of December 31, 2024: TotalLevel ILevel IILevel IIIFirst lien$1,956,608 $— $53,998 $1,902,610 Second lien197,050 — 46,716 150,334 Subordinated102,034 — — 102,034 Structured Finance Obligations3,232 — 3,232 — Equity and other832,100 — — 832,100 Total investments$3,091,024 $— $103,946 $2,987,078 The following table summarizes the changes in fair value of Level III portfolio investments for the three months ended March 31, 2025, as well as the portion of appreciation (depreciation) included in income attributable to the net change in unrealized appreciation (depreciation) related to those assets and liabilities still held by the Company at March 31, 2025: TotalFirst LienSecond LienSubordinatedStructured Finance ObligationsEquity andotherFair Value, December 31, 2024$2,987,078 $1,902,610 $150,334 $102,034 $— $832,100 Total gains or losses included in earnings:Net realized gains (losses) on investments37,668 67 (2,229)— — 39,830 Net change in unrealized (depreci