NMFC on Nasdaq
New Mountain Finance Corp
Price unavailable
Last updated Oct 19, 2026.
Overview
- TickerNMFC on Nasdaq1
- HeadquartersNew York, New York1
- Incorporated inUnited States2
- Business address1633 Broadway, 48Th Floor, New York, Ny 100192
- Filer categoryLarge accelerated filer2
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New Mountain Finance Corporation ("NMFC", the "Company", "we", "us" or "our") is a Delaware corporation that was originally incorporated on June 29, 2010 and completed its initial public offering ("IPO") on May 19, 2011. We are 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"). We have elected to be treated, and intend to comply with the requirements to continue to qualify annually, as a regulated investment company ("RIC") under Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"). Since our IPO, and through December 31, 2025, we have raised approximately $1,034.6 million in net proceeds from additional offerings of common stock.3 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
Every line of the income statement as filed: the last 5 fiscal years, latest first.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| PIK interest income | $30.2M | $36.9M | $33.6M | ||
| Non-cash dividend income | $28.9M | $31.6M | $27.4M | ||
| Total investment income | $327.1M | $371.7M | $374.8M | ||
| Interest and other financing expenses | $123.7M | $136.6M | $124.8M | ||
| Management fee | $38.8M | $45.5M | $45.6M | ||
| Incentive fee | $30.8M | $36.4M | $38.3M | ||
| Professional fees | $4.6M | $4.4M | $3.8M | ||
| Administrative expenses | $4.2M | $4.2M | $4.1M | ||
| Other general and administrative expenses | $1.8M | $2.0M | $2.1M | ||
| Total expenses | $203.8M | $229.2M | $218.6M | ||
| Less: management and incentive fees waived (see Note 5) | -$13.1M | -$3.7M | -$4.1M | ||
| Net expenses | $190.7M | $225.4M | $214.5M | ||
| Net investment income before income taxes | $136.4M | $146.2M | $160.3M | ||
| Income tax expense | $21.0K | $262.0K | $418.0K | ||
| Net investment income | $136.4M | $146.0M | $159.9M | ||
| Investments | $43.2M | -$41.8M | -$32.9M | ||
| Foreign currency | $0 | $420.0K | $13.0K | ||
| Investments | -$162.6M | $15.7M | $10.3M | ||
| Securities purchased under collateralized agreements to resell | $0 | -$3.0M | -$39.0K | ||
| Foreign currency | $480.0K | -$606.0K | $100.0K | ||
| Provision for taxes | -$409.0K | -$2.1M | -$1.3M | ||
| Net realized and unrealized losses | -$119.4M | -$31.5M | -$23.8M | ||
| Net increase in net assets resulting from operations | $17.0M | $114.5M | $136.1M | ||
| Less: Net increase in net assets resulting from operations related to non-controlling interest in New Mountain Net Lease Corporation | -$485.0K | -$1.1M | -$747.0K | ||
| Net increase in net assets resulting from operations related to New Mountain Finance Corporation | $16.5M | $113.4M | $135.3M | ||
| Basic earnings per share (in dollars per share) | $0.16 | $1.06 | $1.34 | ||
| Weighted average shares of common stock outstanding - basic (in shares) | 106.2M shares | 106.6M shares | 101.1M shares | 100.2M shares | 97.0M shares |
| Diluted earnings per share (in dollars per share) | $0.16 | $1.03 | $1.24 | ||
| Weighted average shares of common stock outstanding - diluted (in shares) | 121.1M shares | 125.5M shares | 123.5M shares | ||
| Distributions declared per share (in dollars per share) | $1.28 | $1.37 | $1.49 | ||
| Distributions paid per share (in dollars per share) | $1.28 | $1.37 | $1.49 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 16 quarters (quarterly), latest first.7
| Period ending | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Investments at fair value | $2.7B | $3.1B | |||
| Securities purchased under collateralized agreements to resell (cost of $30,000 and $30,000, respectively) | $13.5M | $13.5M | |||
| Cash and cash equivalents | $80.7M | $80.3M | |||
| Interest and dividend receivable | $38.5M | $42.4M | |||
| Derivative asset at fair value | $5.6M | $0 | |||
| Other assets | $17.9M | $19.3M | |||
| Total assets | $2.9B | $3.2B | |||
| Unsecured Notes | $991.6M | $978.5M | |||
| SBA-guaranteed debentures | $196.2M | $300.0M | |||
| 2022 Convertible Notes | $0 | $260.1M | |||
| Deferred financing costs (net of accumulated amortization of $45,302 and $63,971, respectively) | -$17.9M | -$24.2M | |||
| Net borrowings | $1.7B | $1.8B | |||
| Payable to broker | $14.6M | $3.2M | |||
| Interest payable | $11.9M | $17.1M | |||
| Management fee payable | $9.2M | $10.5M | |||
| Incentive fee payable | $3.0M | $8.6M | |||
| Deferred tax liability | $1.8M | $1.4M | |||
| Payable for unsettled securities purchased | $463.0K | $0 | |||
| Derivative liability at fair value | $366.0K | $7.4M | |||
| Other liabilities | $2.2M | $2.4M | |||
| Total liabilities | $1.7B | $1.9B | |||
| Preferred stock, par value $0.01 per share, 2,000,000 shares authorized, none issued | $0 | $0 | |||
| Common stock, par value $0.01 per share, 200,000,000 shares authorized, 107,851,929 and 107,851,415 shares issued, respectively, and 102,638,388 and 107,851,415 shares outstanding, respectively | $1.1M | $1.1M | |||
| Paid in capital in excess of par | $1.4B | $1.4B | |||
| Treasury stock at cost, 5,213,541 and 0 shares held, respectively | -$52.0M | $0 | |||
| Accumulated overdistributed earnings | -$121.7M | -$13.6M | |||
| Total net assets of New Mountain Finance Corporation | $1.2B | $1.4B | |||
| Non-controlling interest in New Mountain Net Lease Corporation | $6.1M | $6.0M | |||
| Total net assets | $1.2B | $1.4B | |||
| Total liabilities and net assets | $2.9B | $3.2B | |||
| Number of shares outstanding (in shares) | 102.6M shares | 107.9M shares | |||
| Net asset value per share of new mountain finance corporation (in dollars per share) | $11.52 | $12.06 | $12.21 | $12.45 | $12.55 |
| Investments, cost | $2.9B | $3.1B | |||
| Securities purchased under collateralized agreements to resell, cost | $30.0M | $30.0M | |||
| Deferred financing costs, accumulated amortization | $45.3M | $64.0M | |||
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | |||
| Preferred stock, shares authorized (in shares) | 2.0M shares | 2.0M shares | |||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | |||
| Common stock, shares authorized (in shares) | 200.0M shares | 200.0M shares | |||
| Common stock, shares issued (in shares) | 107.9M shares | 107.9M shares | |||
| Treasury stock, common (in shares) | 5.2M shares | 0 shares | |||
| Receivable from unsettled securities sold | $4.1M | $0 |
| Period ending | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Investments at fair value | $2.7B | $3.1B | ||||||||||||||
| Securities purchased under collateralized agreements to resell (cost of $30,000 and $30,000, respectively) | $13.5M | $13.5M | ||||||||||||||
| Cash and cash equivalents | $80.7M | $80.3M | ||||||||||||||
| Interest and dividend receivable | $38.5M | $42.4M | ||||||||||||||
| Derivative asset at fair value | $5.6M | $0 | ||||||||||||||
| Other assets | $17.9M | $19.3M | ||||||||||||||
| Total assets | $2.9B | $3.2B | ||||||||||||||
| Unsecured Notes | $991.6M | $978.5M | $506.5M | |||||||||||||
| SBA-guaranteed debentures | $196.2M | $300.0M | $300.0M | $300.0M | $300.0M | $300.0M | $225.0M | $165.0M | $150.0M | $121.7M | ||||||
| 2022 Convertible Notes | $0 | $260.1M | ||||||||||||||
| Deferred financing costs (net of accumulated amortization of $45,302 and $63,971, respectively) | -$17.9M | -$24.2M | ||||||||||||||
| Net borrowings | $1.7B | $1.8B | ||||||||||||||
| Payable to broker | $14.6M | $3.2M | ||||||||||||||
| Interest payable | $11.9M | $17.1M | ||||||||||||||
| Management fee payable | $9.2M | $10.5M | ||||||||||||||
| Incentive fee payable | $3.0M | $8.6M | ||||||||||||||
| Deferred tax liability | $1.8M | $1.4M | ||||||||||||||
| Payable for unsettled securities purchased | $463.0K | $0 | ||||||||||||||
| Derivative liability at fair value | $366.0K | $7.4M | ||||||||||||||
| Other liabilities | $2.2M | $2.4M | ||||||||||||||
| Total liabilities | $1.7B | $1.9B | ||||||||||||||
| Preferred stock, par value $0.01 per share, 2,000,000 shares authorized, none issued | $0 | $0 | ||||||||||||||
| Common stock, par value $0.01 per share, 200,000,000 shares authorized, 107,851,929 and 107,851,415 shares issued, respectively, and 102,638,388 and 107,851,415 shares outstanding, respectively | $1.1M | $1.1M | ||||||||||||||
| Paid in capital in excess of par | $1.4B | $1.4B | ||||||||||||||
| Treasury stock at cost, 5,213,541 and 0 shares held, respectively | -$52.0M | $0 | ||||||||||||||
| Accumulated overdistributed earnings | -$121.7M | -$13.6M | ||||||||||||||
| Total net assets of New Mountain Finance Corporation | $1.2B | $1.4B | ||||||||||||||
| Non-controlling interest in New Mountain Net Lease Corporation | $6.1M | $6.0M | ||||||||||||||
| Total net assets | $1.2B | $1.4B | $1.3B | $1.3B | ||||||||||||
| Total liabilities and net assets | $2.9B | $3.2B | ||||||||||||||
| Number of shares outstanding (in shares) | 102.6M shares | 107.9M shares | 102.6M shares | 100.9M shares | 97.9M shares | |||||||||||
| Net asset value per share of new mountain finance corporation (in dollars per share) | $11.52 | $12.06 | $12.21 | $12.45 | $12.55 | $12.62 | $12.74 | $12.77 | $12.87 | $13.02 | $13.49 | $12.62 | ||||
| Investments, cost | $2.9B | $3.1B | ||||||||||||||
| Securities purchased under collateralized agreements to resell, cost | $30.0M | $30.0M | ||||||||||||||
| Deferred financing costs, accumulated amortization | $45.3M | $64.0M | ||||||||||||||
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | ||||||||||||||
| Preferred stock, shares authorized (in shares) | 2.0M shares | 2.0M shares | ||||||||||||||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||||||||||||||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||||||||||||||
| Common stock, shares authorized (in shares) | 200.0M shares | 200.0M shares | ||||||||||||||
| Common stock, shares issued (in shares) | 107.9M shares | 107.9M shares | ||||||||||||||
| Treasury stock, common (in shares) | 5.2M shares | 0 shares | ||||||||||||||
| Receivable from unsettled securities sold | $4.1M | $0 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net increase in net assets resulting from operations | $17.0M | $114.5M | $136.1M |
| "Net realized (gains) losses on investments and New Mountain Net Lease Corporation (""NMNLC"")" | -$43.2M | $41.8M | $32.9M |
| Net realized gains on translation of assets and liabilities in foreign currencies | $0 | -$420.0K | -$13.0K |
| Net change in unrealized depreciation (appreciation) of investments and NMNLC | $162.6M | -$15.7M | -$10.3M |
| Net change in unrealized (appreciation) depreciation on translation of assets and liabilities in foreign currencies | -$480.0K | $606.0K | -$100.0K |
| Net change in unrealized depreciation of securities purchased under collateralized agreements to resell | $0 | $3.0M | $39.0K |
| Amortization of purchase discount | -$8.8M | -$7.4M | -$6.3M |
| Amortization of deferred financing costs | $8.8M | $9.8M | $6.8M |
| Net change due to hedging activity | -$867.0K | $209.0K | $0 |
| Non-cash investment income | -$60.7M | -$70.1M | -$61.5M |
| Cash paid for purchase of non-controlling interest in NMNLC | $0 | -$4.7M | $0 |
| Cash distribution received for purchase of non-controlling interest in NMNLC | $0 | $244.0K | $0 |
| Cash received for purchase of undrawn portion of revolving credit or delayed draw facilities | $238.0K | $464.0K | $224.0K |
| Interest and dividend receivable | $3.8M | $1.8M | -$7.9M |
| Receivable from affiliates | -$168.0K | -$131.0K | -$82.0K |
| Deferred tax liability (asset) | $0 | $594.0K | -$594.0K |
| Receivable from unsettled securities sold | -$4.1M | $0 | $0 |
| Other assets | $1.4M | -$2.9M | -$6.6M |
| Interest payable | -$5.2M | -$3.2M | $813.0K |
| Management fee payable | -$1.3M | $351.0K | -$408.0K |
| Incentive fee payable | -$5.6M | $70.0K | $2.3M |
| Payable for unsettled securities purchased | $463.0K | $0 | $0 |
| Deferred tax asset (liability) | $409.0K | $1.4M | -$8.5M |
| Payable to affiliates | $0 | $0 | -$78.0K |
| Payable to broker | $11.4M | $3.2M | $0 |
| Other liabilities | -$139.0K | -$349.0K | -$272.0K |
| Net cash flows provided by operating activities | $379.0M | $42.0M | $332.7M |
| Net proceeds from shares sold | $0 | $67.7M | $21.2M |
| Repurchase of shares under repurchase programs | -$52.0M | $0 | $0 |
| Distributions paid | -$135.7M | -$147.2M | -$150.7M |
| Offering costs paid | -$76.0K | -$444.0K | -$409.0K |
| Proceeds from Unsecured Notes | $0 | $595.0M | $115.0M |
| Repayment from Unsecured Notes | $0 | -$116.5M | -$140.0M |
| Proceeds from Convertible Notes | $0 | $0 | $60.3M |
| Repayment of Convertible Notes | -$260.0M | $0 | -$116.8M |
| Repayment of SBA-guaranteed debentures | -$103.8M | $0 | $0 |
| Distributions related to non-controlling interest in NMNLC | -$358.0K | -$925.0K | -$693.0K |
| Deferred financing costs paid | -$2.6M | -$11.7M | -$11.9M |
| Net cash flows used in financing activities | -$378.7M | -$31.4M | -$333.9M |
| Net increase (decrease) in cash and cash equivalents | $245.0K | $10.6M | -$1.2M |
| Effect of foreign exchange rate changes on cash and cash equivalents | $153.0K | -$409.0K | $55.0K |
| Cash interest paid | $114.9M | $127.3M | $115.5M |
| Income taxes (received) paid | -$301.0K | $152.0K | $11.6M |
| Non-cash activity on investments | $74.7M | $26.4M | $15.8M |
| Conversion of 2022 Convertible Notes to shares | $7.0K | $0 | $0 |
| Accrual for offering costs | $41.0K | $106.0K | $147.0K |
| Accrual for deferred financing costs | $57.0K | $108.0K | $213.0K |
No quarter-by-quarter statement was filed.
Leadership
Who has led New Mountain Finance Corp, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
- Chief executive officerRobert Hamwee May 19, 2011 to Jun 17, 202210
- PresidentRobert Hamwee May 14, 2012 to Dec 15, 201511
- Chief financial officerLaura Holson Boswerger May 15, 2023 to May 15, 202312
- Chief financial officerKris Corbett Dec 1, 2023 to now13
- Chief financial officerMelody L. Siu Aug 21, 2015 to Aug 21, 201514
- Chief financial officerShiraz Kajee Dec 8, 2015 to May 18, 202215
- Chief financial officerDavid M. Cordova Jan 7, 2013 to Mar 13, 201416
- Chief operating officerLaura Holson Boswerger Feb 25, 2022 to now17
Board members and other officers (14)
- Chief Compliance OfficerJoseph Hartswell Mar 9, 2022 to May 20, 202218
- CCO and Corporate SecretaryKarrie J. Jerry Jun 25, 2015 to Mar 13, 202019
- Chief Compliance OfficerPaula Bosco May 19, 2011 to Jun 11, 201420
- Board memberJohn P. Malfettone Jan 26, 2026 to now21
- Board memberBarbara Daniel Jul 6, 2023 to Jul 6, 202322
- Board memberAlice Handy Nov 22, 2019 to Mar 9, 202123
- Board memberRome G. Arnold Iii. Mar 16, 2017 to Mar 15, 202324
- Board memberAlfred F. Hurley Jr. May 19, 2011 to Mar 16, 201825
- Board memberDavid Ogens May 19, 2011 to now26
- Board memberKurt Wolfgruber May 19, 2011 to Dec 19, 201827
- Board memberRobert Hamwee May 19, 2011 to Aug 4, 202310
- Board memberSteven B. Klinsky May 19, 2011 to now28
- Board memberAdam J. Collins Aug 17, 2011 to Aug 17, 201129
- Board memberDaniel B. Hebert Aug 17, 2011 to Oct 3, 201930
Former names
- New Mountain Guardian CorpJul 22, 2010 to Feb 18, 20112
Timeline
- May 19, 2011New chief executive Robert Hamwee becomes CEO10
Filings
217 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 67 major events, 65 insider forms, 7 large holders, 58 other. The latest 20:
- Sep 11, 20264 EDGAR
- Aug 3, 202610-Q EDGAR
- Aug 3, 20268-K EDGAR
- Jun 18, 20268-K EDGAR
- Jun 16, 20264 EDGAR
- Jun 15, 2026144 EDGAR
- Jun 5, 20268-K EDGAR
- Jun 3, 202640-17G EDGAR
- May 15, 20268-K EDGAR
- May 4, 202610-Q EDGAR
- May 4, 20268-K EDGAR
- Mar 27, 2026DEFA14A DEFA 14A EDGAR
- Mar 27, 2026DEF 14A EDGAR
- Mar 24, 20268-K EDGAR
- Mar 18, 20264 EDGAR
- Mar 13, 20268-K EDGAR
- Mar 12, 20264 EDGAR
- Mar 12, 2026SCHEDULE 13D/A EDGAR
- Mar 6, 20264 EDGAR
- Mar 5, 20264 EDGAR
The 217 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
80 open-market trades by officers, directors and large owners since October 2021: 77 buys and 3 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 15, 2026 | Malfettone John PDirector | Sale | 77,500 | $7.89 | $611.5K | Form 4 |
| Mar 17, 2026 | Weinstein Adam B.EVP, CAO and Director | Buy | 12,900 | $7.61 | $98.2K | Form 4 |
| Mar 11, 2026 | KLINSKY STEVEN BDirector | Buy | 276,242 | $8.05 | $2.2M | Form 4 |
| Mar 10, 2026 | KLINSKY STEVEN BDirector | Buy | 223,758 | $8.05 | $1.8M | Form 4 |
| Mar 5, 2026 | KLINSKY STEVEN BDirector | Buy | 237,873 | $8.10 | $1.9M | Form 4 |
| Mar 4, 2026 | KLINSKY STEVEN BDirector | Buy | 186,905 | $8.17 | $1.5M | Form 4 |
| Mar 3, 2026 | KLINSKY STEVEN BDirector | Buy | 250,495 | $7.94 | $2.0M | Form 4 |
| Mar 3, 2026 | Ogens DavidDirector | Buy | 12,500 | $7.87 | $98.4K | Form 4 |
| Mar 2, 2026 | KLINSKY STEVEN BDirector | Buy | 186,725 | $7.79 | $1.5M | Form 4 |
| Mar 2, 2026 | Weinstein Adam B.EVP, CAO and Director | Buy | 3,307 | $7.73 | $25.6K | Form 4 |
| Feb 27, 2026 | KLINSKY STEVEN BDirector | Buy | 138,002 | $7.69 | $1.1M | Form 4 |
| Feb 27, 2026 | Weinstein Adam B.EVP, CAO and Director | Buy | 38,400 | $7.76 | $298.0K | Form 4 |
| Feb 27, 2026 | Boswerger Laura C. HolsonCOO | Buy | 12,500 | $7.74 | $96.8K | Form 4 |
| Sep 16, 2025 | KLINSKY STEVEN BDirector | Buy | 106,691 | $9.78 | $1.0M | Form 4 |
| Sep 15, 2025 | Weinstein Adam B.EVP, CAO and Director | Buy | 49,750 | $10.03 | $499.0K | Form 4 |
| Aug 11, 2025 | Ogens DavidDirector | Buy | 26,000 | $10.23 | $266.1K | Form 4 |
| Aug 7, 2025 | Corbett KrisCFO and Treasurer | Buy | 750 | $10.14 | $7.6K | Form 4 |
| Mar 7, 2025 | Ogens DavidDirector | Buy | 5,000 | $11.30 | $56.5K | Form 4 |
| Mar 6, 2025 | Ogens DavidDirector | Buy | 5,000 | $11.32 | $56.6K | Form 4 |
| Mar 5, 2025 | Ogens DavidDirector | Buy | 5,000 | $11.31 | $56.5K | Form 4 |
All 80 trades can be filtered by person here when JavaScript is on.
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.
- Steven B. KlinskySCHEDULE 13D/A, 3 filings Nov 26, 2024 to Mar 12, 202631
- Radcliffe Capital Management, L.P.SC 13G/A, 4 filings Feb 14, 2023 to Nov 14, 202432
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 11SEC EDGARRobert Hamwee, President
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- 19
- 20
- 21SEC EDGARJohn P. Malfettone, Board member
- 22SEC EDGARBarbara Daniel, Board member
- 23SEC EDGARAlice Handy, Board member
- 24SEC EDGARRome G. Arnold Iii., Board member
- 25SEC EDGARAlfred F. Hurley Jr., Board member
- 26SEC EDGARDavid Ogens, Board member
- 27SEC EDGARKurt Wolfgruber, Board member
- 28SEC EDGARSteven B. Klinsky, Board member
- 29SEC EDGARAdam J. Collins, Board member
- 30SEC EDGARDaniel B. Hebert, Board member
- 31
- 32