Company: NMFCZ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001496099-25-000018
Chunk: 167

Company: New Mountain Finance Corp
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 167
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)Payable for unsettled securities purchased38,393 13,485 Distribution payable5,005 5,184 Other liabilities5,307 6,090 Total liabilities369,335 356,108 Members' capital$131,607 $135,851 Total liabilities and members' capital$500,942 $491,959 Selected Consolidated Statement of Operations Information:Three Months EndedMarch 31, 2025March 31, 2024Interest income$10,077 $11,962 Other income30 21 Total investment income10,107 11,983 Interest and other financing expenses5,132 6,100 Other expenses222 224 Total expenses5,354 6,324 Net investment income4,753 5,659 Net realized losses on investments(229)(4,698)Net change in unrealized (depreciation) appreciation of investments(3,763)6,928 Net increase in members' capital$761 $7,889 For the three months ended March 31, 2025 and March 31, 2024, the Company earned approximately $3,934 and $4,356, respectively, of dividend income related to SLP IV, which is included in dividend income. As of March 31, 2025 and December 31, 2024, approximately $3,934 and $4,075, respectively, of dividend income related to SLP IV was included in interest and dividend receivable.The Company has determined that SLP IV is an investment company under ASC 946; in accordance with such guidance the Company will generally not consolidate its investment in a company other than a wholly-owned investment company subsidiary. Furthermore, ASC 810 concludes that in a joint venture where both members have equal decision making authority, it is not appropriate for one member to consolidate the joint venture since neither has control. Accordingly, the Company does not consolidate SLP IV.91

Table of ContentsUnconsolidated Significant SubsidiariesIn accordance with Regulation S-X Rule 10-01(b)(1), the Company evaluates its unconsolidated controlled portfolio companies to determine if any qualify as “significant subsidiaries.” This determination is made based upon an analysis performed under Rules 3-09 and 4-08(g) of Regulation S-X, pursuant to which the Company must determine if any of its portfolio companies are considered a “significant subsidiary" as defined by Rule 1-02