Company: NMFCZ
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001496099-25-000010
Chunk: 272

Company: New Mountain Finance Corp
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 272
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 31, 2024 as compared to the year ended December 31, 2023 remained relatively flat.

76

Net Realized Gains (Losses) and Net Change in Unrealized Appreciation (Depreciation) Year Ended December 31,(in thousands)20242023Net realized losses on investments$(43,365)$(32,854)Net realized gain on NMNLC1,533 — Net realized gains on foreign currency420 13 Net change in unrealized appreciation of investments15,675 10,316 Net change in unrealized (depreciation) appreciation on foreign currency(606)100 Net change in unrealized depreciation of securities purchased under collateralized agreements to resell(3,000)(39)Provision for taxes(2,114)(1,344)Net realized and unrealized losses$(31,457)$(23,808)

Our net realized losses and unrealized gains resulted in a net loss of approximately $31.5 million for the year ended December 31, 2024 compared to the net realized losses and unrealized gains resulting in a net loss of approximately $23.8 million for the same period in 2023. As movement in unrealized appreciation or depreciation can be the result of realizations, we look at net realized and unrealized gains or losses together. The net loss for the year ended December 31, 2024 was primarily driven by realized losses in New Trojan Parent, Inc., TMK Hawk Parent, Corp., and Transcendia and unrealized depreciation in TVG-Edmentum Holdings, LLC ("Edmentum"), HS Purchaser, LLC, New Permian Holdco, Inc. ("Permian") and New Benevis Holdco, Inc., partially offset by realized gains in Haven Midstream Holdings LLC and unrealized appreciation in NM GP Holdco, LLC, UniTek, HB Wealth Management, LLC and CentralSquare Technologies, LLC.  The provision for income taxes was primarily attributable to our equity investments that are held as of December 31, 2024 in eight of our corporate subsidiaries. The net loss for the year ended December 31, 2023 was primarily driven by a realized loss in Ansira Holdings, Inc. and unrealized depreciation on our investments in Edmentum and New Trojan Parent Inc., which was partially offset by unrealized appreciation in UniTek and CentralSquare Technologies, LLC. The provision for income taxes was primarily attributable to our equity investments that are held as of