New Mountain Finance Corp. ( (NMFC) ) has released its Q4 earnings. Here is a breakdown of the information New Mountain Finance Corp. presented to its investors.
New Mountain Finance Corporation is a business development company specializing in providing direct lending solutions to U.S. middle market companies, focusing on senior secured loans and select junior capital positions in defensive industries.
In its latest earnings report, New Mountain Finance Corporation reported a net investment income of $0.32 per share for the fourth quarter of 2024 and declared a first-quarter 2025 distribution of $0.32 per share. The company also highlighted a partial exit from its investment in UniTek Global Services, Inc., which resulted in a repayment of $42 million.
Key financial metrics for the quarter included a net asset value of $12.55 per share, a reduction in statutory debt/equity to 1.15x, and a strong credit performance with 97% of the portfolio rated green. The company’s investment portfolio was valued at $3,104.5 million, with significant investments in software, business services, and healthcare sectors.
Looking forward, New Mountain Finance Corporation’s management remains focused on strategic priorities such as diversifying top positions, optimizing liabilities, and exiting payment-in-kind positions. The company aims to leverage its business building capabilities and deal execution skills to drive future growth.