New Mountain Finance Corp

New Mountain Finance Corporation (NASDAQ: NMFC) is a business development company (BDC) focused on providing direct lending solutions to U.S. upper middle market companies backed by top private equity sponsors. The company's investment objective is to generate current income and capital appreciation through the sourcing and origination of senior secured loans and select junior capital positions to growing businesses in defensive industries. NMFC targets high-quality, defensive growth companies exhibiting acyclicality, sustainable secular growth drivers, niche market dominance, recurring revenue, and strong free cash flow. The portfolio spans industries including business services, software, healthcare, financial services and technology, consumer services, education, distribution and logistics, and packaging. NMFC leverages the deep sector knowledge and operational resources of New Mountain Capital, a global investment firm with approximately $60 billion in assets under management spanning private equity, credit, and net lease strategies. The company's portfolio is predominantly composed of first lien senior secured loans (63.3% of portfolio), with additional exposure through senior loan funds, second lien, subordinated debt, preferred equity, and common equity positions. Updated Aug 3, 2026