Company: NMFCZ
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001496099-25-000035
Chunk: 118

Company: New Mountain Finance Corp
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 118
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 or restructurings and the movement of an existing portfolio company out of this category into a different category.

*    All or a portion of interest contains PIK interest. See Note 2. Summary of Significant Accounting Policies-Revenue Recognition, for details.

**    Indicates assets that the Company deems to be “non-qualifying assets” under Section 55(a) of the 1940 Act. Qualifying assets must represent at least 70.0% of the Company’s total assets at the time of acquisition of any additional non-qualifying assets. As of September 30, 2025, 15.1% of the Company’s total assets are represented by investments at fair value that are considered non-qualifying assets.

The accompanying notes are an integral part of these consolidated financial statements.36

Table of ContentsNew Mountain Finance Corporation Consolidated Schedule of Investments (Continued)September 30, 2025(unaudited)

 September 30, 2025Investment TypePercent of TotalInvestments at Fair ValueFirst lien67.58 %Second lien3.33 %Subordinated3.77 %Structured Finance Obligations 0.11 %Equity and other25.21 %Total investments100.00 %

 September 30, 2025Industry TypePercent of TotalInvestments at Fair ValueSoftware27.90 %Business Services17.65 %Healthcare14.80 %Investment Funds (includes investments in joint ventures)9.36 %Consumer Services6.39 %Education5.18 %Distribution & Logistics3.97 %Net Lease3.90 %Financial Services3.62 %Packaging2.43 %Energy2.22 %Business Products1.06 %Food & Beverage0.72 %Consumer Products0.47 %Specialty Chemicals & Materials0.33 %Total investments100.00 %

 September 30, 2025Interest Rate TypePercent of TotalInvestments at Fair ValueFloating rates85.50 %Fixed rates14.50 %Total investments100.00 %

The accompanying notes are an integral part of these consolidated financial statements.37

Table of ContentsNew Mountain Finance Corporation Consolidated Schedule of Investments December 31, 2024(in thousands, except shares)

Portfolio Company