Private company

New Mountain Private Credit Fund

Investment fund that raised $1.1 billion in 2024 (SEC Form D)2

In its 2026 annual report the company says: “New Mountain Private Credit Fund, is a Maryland statutory trust formed on August 19, 2024. The Company is a closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended.”4 It is headquartered in New York, United States.2

Last updated Oct 20, 2026.

Overview

  • HeadquartersNew York, United States2
  • Incorporated inMD3
  • Business address1633 Broadway, 48Th Floor, New York, Ny 100193
  • Filer category, Emerging growth company3
  • Legal formOther2
  • Kind of organizationInvestment fund2
  • LEI529900VWNM1POQ58AB542
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressc/o The Corporation Trust Incorporated, 2405 York Road, Suite 201, 21093-2264 Lutherville Timonium, United States2
  • Registered withBusiness Services (Maryland Department of Assessments and Taxation), B253026212

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New Mountain Private Credit Fund, (the "BDC", the "Company", "NEWCRED", "Successor", "we", "us" or "our") is a Maryland statutory trust formed on August 19, 2024. The Company is a closed-end, non-diversified management investment company that has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). The Company intends to elect to be treated for United States federal income tax purposes as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). The Company commenced operations on December 17, 2024.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income56$52.1M in 2025+4% since 2022
0$50.0M$100.0M$150.0M$200.0M2022: $49.9M$49.9M20222023: $155.7M$155.7M2023+212%2024: $99.6M$99.6M2024−36%2025: $52.1M$52.1M2025−48%
Fiscal year202120222023202420252026
Interest$37.7M5$67.9M5$59.6M5
Net income$49.9M5$155.7M6$99.6M6$52.1M6
Earnings per share$0.455$1.356$0.876$1.266
Earnings per share (diluted)$0.455$1.356$0.876$1.266
Shares (weighted, basic)40.9M shares6109.7M shares6114.9M shares6114.9M shares641.4M shares6
Shares (weighted, diluted)40.9M shares6109.7M shares6114.9M shares6114.9M shares641.4M shares6

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Corporate structure

New Mountain Private Credit Fund sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of New Mountain Private Credit Fund

  • Steven B. Klinsky Filed SCHEDULE 13D/A on New Mountain Private Credit Fund, latest Feb 14, 2025 (2 filings since Dec 23, 2024)
  • Western Conference of Teamsters Pension Trust Fund Filed SCHEDULE 13G on New Mountain Private Credit Fund, latest Jan 2, 2025
  • DIMENSION CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on New Mountain Private Credit Fund, latest Dec 30, 2024
  • COLLER CREDIT SECONDARIES INVESTMENT MANAGEMENT LTD Filed SCHEDULE 13G on New Mountain Private Credit Fund, latest Dec 26, 2024
  • New Mountain Private Credit Fund New York, New York, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What New Mountain Private Credit Fund reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$41.7M6 Dec 31, 2025$66.7M6 Dec 31, 2024−37.5%

Properties, in its own words

We do not own any real estate or other physical properties materially important to our operations. Our principal executive offices are located at 1633 Broadway, 48th Floor, New York, New York 10019, where we occupy our office space pursuant to our Administration Agreement with the Administrator. The office space is shared with our Investment Adviser, our Administrator and New Mountain Capital. We believe that our current office facilities are suitable and adequate for our business as currently conducted.

Item 2 of the 10-K filed Feb 27, 2026.4

Leadership

Who has led New Mountain Private Credit Fund, and when. Pick a name to see everywhere that person has worked.

Chief operating officer

  1. Laura Holson Boswerger2024–2025
2025
Board members and other officers (7)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Chief Executive Officer, PresidentJohn R. Kline named Dec 15, 202516
  • Chief Operating OfficerLaura C. Holson named Dec 15, 202516

Timeline

  1. Sep 28, 20268-K Regulation FD disclosure; Other events17
  2. Aug 26, 20268-K Unregistered sale of shares; Regulation FD disclosure; Other events18
  3. Jul 27, 20268-K Unregistered sale of shares; Regulation FD disclosure; Other events19
  4. Jun 26, 20268-K Unregistered sale of shares; Regulation FD disclosure; Other events20
  5. May 26, 20268-K Unregistered sale of shares; Regulation FD disclosure; Other events21
  6. May 7, 20268-K Executive or director change22
  7. Apr 27, 20268-K Unregistered sale of shares; Regulation FD disclosure; Other events23
  8. Mar 26, 20268-K Unregistered sale of shares; Regulation FD disclosure; Other events24
  9. Mar 24, 20268-K Executive or director change25
  10. Feb 25, 20268-K New debt or obligation; Unregistered sale of shares; Regulation FD disclosure26
  11. Feb 13, 20268-K Entered a material agreement; New debt or obligation27
  12. Jan 26, 20268-K Unregistered sale of shares; Regulation FD disclosure; Other events28
  13. Aug 19, 2024Founded New Mountain Private Credit Fund is founded2

Filings

88 filings to the SEC since October 2021: 2 annual reports, 5 quarterly reports, 28 major events, 20 insider forms, 5 large holders, 2 private raises, 26 other. The latest 20:

  1. Sep 28, 20268-K EDGAR
  2. Sep 4, 2026SC TO-I/A EDGAR
  3. Aug 26, 20268-K EDGAR
  4. Aug 11, 202610-Q EDGAR
  5. Aug 3, 2026SC TO-I EDGAR
  6. Aug 3, 2026SC TO-I/A EDGAR
  7. Jul 27, 20268-K EDGAR
  8. Jun 26, 20268-K EDGAR
  9. Jun 3, 2026SC TO-I/A EDGAR
  10. Jun 3, 202640-17G EDGAR
  11. May 26, 20268-K EDGAR
  12. May 12, 202610-Q EDGAR
  13. May 7, 20268-K EDGAR
  14. May 1, 2026SC TO-I EDGAR
  15. May 1, 2026SC TO-I/A EDGAR
  16. Apr 27, 20268-K EDGAR
  17. Mar 26, 20268-K EDGAR
  18. Mar 24, 20268-K EDGAR
  19. Feb 27, 202610-K EDGAR
  20. Feb 25, 20268-K EDGAR

The 88 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

4 open-market trades by officers, directors and large owners since October 2021: 4 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Dec 17, 2024Boswerger Laura C. HolsonChief Operating OfficerBuy16,800Form 4
Dec 17, 2024KLINSKY STEVEN B10% ownerBuy50,400Form 4
Dec 17, 2024Boswerger Laura C. HolsonChief Operating OfficerBuy16,800Form 4
Dec 17, 2024Corbett KrisSee RemarksBuy2,100Form 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Dec 17, 2024Raised $1.1 billion in a private offering of equity Form D: 297 investors so far Form D

SEC filer profile

How New Mountain Private Credit Fund is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARNew Mountain Private Credit Fund1
  • CIK0002037804
  • Employer ID (EIN)99-68607314
  • Filer statusNon-accelerated filer an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inMaryland4
  • Fiscal year endsDecember 311
  • Business address1633 Broadway, 48Th Floor, New York, NY 100191
  • Phone212-720-03001
  • Shares outstanding41,459,095 as of Aug 11, 20268
  • Public float$0 as of Jun 30, 20256
  • AuditorDELOITTE & TOUCHE LLP, New York, New York PCAOB ID 34; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceSep 27, 20241
  • Filings93 in all: 8-K (28), 3 (11), SC TO-I/A (8), SC TO-I (7), 10-Q (5), 4 (5), 4/A (4), SCHEDULE 13G (4)1
    All 22 form types

    10-12G/A (3), 40-17G (3), 10-K (2), 40-APP/A (2), CORRESP (2), 10-12G (1), 40-APP (1), D (1), D/A (1), N-23C-2 (1), N-54A (1), SCHEDULE 13D (1), SCHEDULE 13D/A (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Feb 27, 2026
    Quarterly report (10-Q) Aug 11, 2026
    Latest 8-K (8-K) Sep 28, 2026

Risk factors and legal proceedings

The risks New Mountain Private Credit Fund names in Item 1A of its 10-K filed Feb 27, 2026: 20 risks under these headings, as written.4

  • No Assurance of Investment Return
  • Above Average Degree of Risk
  • Role of New Mountain Capital and its Professionals; No Dedicated Investment Team
  • Compensation Arrangements
  • Indemnification
  • Limited Recourse
  • Misconduct of Employees and of Third‑Party Service Providers
  • Limited Operating History
  • Risk of Geopolitical Unrest, Terrorist Attacks, or Acts of War
  • Risk of Tariffs
  • Changes in U.S. Policy
  • Operating and Financial Risks of Portfolio Companies
The other 17 risks
  • Investments in Highly Leveraged Companies
  • Unfunded Debt Commitments and Follow‑On Investments
  • Portfolio Companies' Other Debts
  • Fund‑Level Borrowings
  • "Covenant-Lite" Loans
  • Broad Investment Mandate; Unspecified Investments
  • Risk of Limited Number of Investments; Dependence on Performance of Certain Investments
  • Influence over Management
  • Illiquid and Long‑Term Investments
  • Highly Competitive Market for Investment Opportunities
  • Managing Future Growth
  • Economic Recessions and Government Spending Cuts
  • Portfolio Company Management
  • Lack of Control of Portfolio Companies
  • Investment in Restructurings
  • Investments in Private and Less Established Companies; Risk of Fraud in Portfolio Companies
  • Risks of Technology‑Related Investments
  • Non‑U.S. Investments
  • Hedging Policies/Risks
  • Hedging; Derivative Instruments
  • Debt and Mezzanine Investments
  • Equity Investments
  • Repurchase Agreements
  • Original Issue Discount and Payment‑In‑Kind Instruments
  • Risks Relating to Due Diligence of and Conduct at Portfolio Companies
  • Currency and Exchange Rate Risks
  • Public Company Holdings
  • Bridge Financings
  • Uncertainty of Financial Projections
  • Availability of Insurance Against Certain Catastrophic Losses
  • Global Climate Change Risk
  • Corporate Social Responsibility Risks
  • Force Majeure Risk
  • Developments in the Banking Sector
  • Dependence on Banking Relationships
  • No Market for Shares; Transferability Restrictions
  • Status as a BDC
  • Valuation of Portfolio Investments
  • Management of the Company
  • Transactions with Affiliates
  • The Investment Adviser and Conflicts of Interest
  • License Agreement, Expenses Incurred and Conflicts of Interest including those Associated with the Valuation Process
  • Material, Non‑Public Information
  • FOIA and Similar Laws
  • Limited Access to Information
  • Possibility of Different Information Rights
  • Amendments to our Declaration of Trust and Bylaws
  • RIC Tax Treatment and Raising Additional Capital
  • Distributions
  • Continuous Offering Risks
  • Failure to Raise Substantial Funds
  • Preferred Shares
  • Removal of the Investment Adviser or Administrator; Cancellation of Investment Period; Early Termination of the Company
  • Compliance with Anti‑Money Laundering Requirements
  • Fund Expenses
  • Executive Advisory Council
  • Systems and Operational Risks
  • Cybersecurity Breaches, Identity Theft and Other Disasters
  • Cyber-Attacks
  • Artificial Intelligence and Machine Learning Risk
  • CERTAIN MARKET, REGULATORY AND TAX RISKS
  • U.S. Capital Markets
  • U.S. Credit Rating, the Debt Ceiling and Interest Rate Volatility
  • Regulations Governing the Operations of BDCs
  • Fluctuations in our Annual and Quarterly Results
  • Exchange Act
  • Sarbanes‑Oxley Act
  • "Emerging Growth Company" Under the JOBS Act

Legal proceedings

We, the Investment Adviser and the Administrator were not subject to any material legal proceedings, nor, to our knowledge, is any material legal proceeding threatened against us, the Investment Adviser and the Administrator as of December 31, 2025. From time to time, we or the Investment Adviser may be a party to certain legal proceedings in the ordinary course of business, including proceedings relating to the enforcement of our rights under loans to or other contracts with our portfolio companies. While the outcome of these legal proceedings cannot be predicted with certainty, we do not expect that these proceedings will have a material effect upon our financial condition or results of operations.

The opening of Item 3, Legal Proceedings.4

Sources

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