Company: NMFCZ
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001496099-25-000035
Chunk: 448

Company: New Mountain Finance Corp
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 448
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 primarily driven by realized losses in New Trojan 

131

Parent, Inc., TMK Hawk Parent, Corp., and Transcendia and unrealized depreciation in Edmentum, 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, Homrich and CentralSquare Technologies, LLC. The provision for income taxes was attributable to equity investments that are held as of September 30, 2024 in eight of our corporate subsidiaries. See Monitoring of Portfolio Investments above for more details regarding the health of our portfolio companies.

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

 Nine Months Ended(in thousands)September 30, 2025September 30, 2024Total investment income$249,682 $280,471 Net expenses after income taxes146,414 169,090 Net investment income103,268 111,381 Less: Net investment income related to non-controlling interest in NMNLC351 330 Net investment income related to NMFC$102,917 $111,051 Net change in realized gains (losses) on investments51,223 (43,524)Net change in realized losses on foreign currency— (1,455)Less: Net change in realized gains on investments related to non-controlling interest in NMNLC— (24)Net change in realized gains (losses) of investments related to NMFC$51,223 $(44,955)Net change in unrealized (depreciation) appreciation of investments(111,171)21,835 Net change in unrealized depreciation of securities purchased under collateralizedagreements to resell— (3,000)Net change in unrealized appreciation in NMNLC— 1,533 Net change in unrealized appreciation on foreign currency482 1,796 Provision for taxes(68)(1,804)Less: Net change in unrealized appreciation of investments related to non-controlling interest in NMNLC7 688 Net change in unrealized (depreciation) appreciation of investments related to NMFC$(110,764)$19,672 

Liquidity, Capital Resources, Off-Balance Sheet Arrangements and Contractual Obligations 

Liquidity and Capital Resources

The primary use