Mission Statement, Vision, & Core Values of New Mountain Finance Corporation (NMFC)

Ever wondered what drives a company's decisions and shapes its future? Have you ever stopped to consider the core principles that guide a financial institution? For New Mountain Finance Corporation (NMFC), a leading business development company with a $1.02 billion market cap [6], the answers lie in its mission statement, vision, and core values. But what exactly are they, and how do they translate into real-world actions, especially considering their recent financial results showing a net investment income of $0.32 per share for Q4 2024 [1]?

Dive in to explore the guiding principles behind NMFC's strategic investment focus and how they contribute to the company's goal of generating current income and capital appreciation [6]. Discover how NMFC, with a portfolio of $3.1045 billion in investments [1], navigates the financial landscape while staying true to its foundational beliefs.

New Mountain Finance Corporation (NMFC) An Overview of

New Mountain Finance Corporation (NMFC), established in 2008, is a publicly traded business development company (BDC) that specializes in providing direct lending and other financing solutions to middle-market companies. These companies generally have annual revenues between $10 million and $1 billion. NMFC's investment objective is to generate current income and capital appreciation through debt and equity investments.

NMFC offers a range of financial products and services, including:

• Direct Lending: Providing senior secured loans, unitranche loans, and mezzanine debt.
• Equity Investments: Making strategic equity investments in portfolio companies.
• Other Financing Solutions: Offering customized financing solutions tailored to the specific needs of middle-market businesses.

As of the fiscal year 2024, New Mountain Finance Corporation reported strong financial results. The company's total investment income reached $344.3 million. Net investment income was $154.4 million, or $1.52 per share. These figures reflect the company's robust lending activities and effective investment strategies in the middle-market sector. The company's strategic focus on defensive growth industries and its disciplined investment approach have contributed to its consistent financial performance.

New Mountain Finance Corporation stands out as a leader in the BDC industry. To understand the factors driving NMFC's success, explore: Breaking Down New Mountain Finance Corporation (NMFC) Financial Health: Key Insights for Investors.

New Mountain Finance Corporation (NMFC) Mission Statement

New Mountain Capital's mission is to be best in class among alternative asset managers as measured by returns, control of risk, service to our investors and the quality of the businesses we build. All of New Mountain Capital's efforts emphasize intensive fundamental research and a focus on growth and investor 'value add', rather than reliance on excessive risk, as the best path to high and consistent long-term returns.

New Mountain Finance Corporation (NASDAQ: NMFC) is a leading business development company (BDC). It focuses on providing direct lending solutions to U.S. middle market companies backed by top private equity sponsors. NMFC's investment objective is to generate current income and capital appreciation.

NMFC primarily invests in senior secured loans and select junior capital positions to growing businesses in defensive industries that offer attractive risk-adjusted returns. Their investment approach leverages the deep sector knowledge and operating resources of New Mountain Capital, a global investment firm with over $55 billion of assets under management.

New Mountain Capital emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation.

• Defensive Growth Strategy: NMFC focuses on end markets that perform well in all economic cycles.
• Commitment to Value: NMFC demonstrates its focus on providing value and stability for its shareholders.

NMFC's portfolio had a fair value of $3,104.5 million as of December 31, 2024, invested in 121 portfolio companies.

NMFC's mandate is to achieve superior risk-adjusted returns despite economic volatility. Since its IPO, NMFC has invested over $10.0 billion and realized losses of only $67 million (net of realized gains) while paying out approximately $1.4 billion in dividends.

For additional details related to the quarter ended December 31, 2024, refer to the New Mountain Finance Corporation Annual Report on Form 10-K filed with the SEC and the supplemental investor presentation on the company's website.

In Q4 2024, NMFC generated $33.1 million of originations, $158.9 million of cash repayments, and realized $58.9 million of asset sales.

NMFC reported a net investment income of $34.5 million, or $0.32 per weighted average share, for Q4 2024.

NMFC's net asset value (NAV) was $12.55 per share as of December 31, 2024.

Approximately 97% of NMFC's portfolio was rated green, indicating strong credit performance.

NMFC reduced its statutory debt/equity to 1.15x (or 1.11x net of available cash).

NMFC declared a first quarter 2025 distribution of $0.32 per share, payable on March 31, 2025, to holders of record as of March 17, 2025.

NMFC's differentiated investment approach leverages the deep sector knowledge and operating resources of New Mountain Capital, a global investment firm with over $55 billion of assets under management.

On February 25, 2025, NMFC partially exited its investment in UniTek Global Services, Inc. NMFC was repaid $42 million, primarily from the full redemption of UniTek's PIK Second Lien Term Loan and PIK Senior Preferred II investment.

New Mountain Finance Corporation is expected to release its financial results for the quarter ending March 31, 2025, on Monday, May 5, 2025, after markets close.

NMFC's stock repurchase program has been extended until December 31, 2025, allowing the company to buy back up to $50 million of its common stock.

In Q3 2024, NMFC reported $36.7 million in adjusted net investment income.

NMFC received a BBB- rating for its $300 million senior unsecured notes due 2029.

Since IPO, NMFC has invested over $10.0 billion and only realized losses of $67 million (net of realized gains) while paying out approximately $1.4 billion in dividends.

NMFC’s mandate is to achieve superior risk-adjusted returns despite economic volatility.

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 that offer attractive risk-adjusted returns.

As of December 31, 2024, the weighted average YTM at Cost was approximately 11.0%.

NMFC has a large, diversified portfolio across 121 portfolio companies.

Approximately 97% of the portfolio is rated green, representing the best risk rating measured by performance and business quality.

NMFC’s annual dividend yield is 11%, based on NMFC's closing price of $11.94 per share on February 24, 2025.

The annualized cash-on-cash return to a shareholder since IPO is approximately 10%.

Explore more about NMFC's investor profile: Exploring New Mountain Finance Corporation (NMFC) Investor Profile: Who’s Buying and Why?

New Mountain Finance Corporation (NMFC) Vision Statement of

To provide context, is a publicly traded business development company (BDC) that primarily invests in debt securities of middle-market companies. Understanding its mission, vision, and core values is crucial for investors and stakeholders. As of April 2025, here's a breakdown based on available information.

Mission Statement

While a specific, formally declared mission statement for might not be explicitly available in all public documents, its actions and stated investment objectives strongly imply its core mission. The implied mission can be distilled into the following key components:

• Generating current income and capital appreciation through debt and equity investments.
• Focusing primarily on defensive growth companies.
• Emphasizing long-term partnerships with portfolio companies and their management teams.

This mission is reflected in NMFC's investment strategy, which targets companies with strong market positions, high barriers to entry, and stable cash flows. As of the fiscal year 2024, portfolio consisted of $3.2 billion invested in 105 portfolio companies, demonstrating its commitment to diversification and income generation.

Vision

A clear vision statement provides a roadmap for the future. For , this vision is centered on being a leading provider of capital to middle-market companies while delivering consistent returns to its shareholders. Key aspects of this vision include:

• Being a trusted partner to middle-market companies, offering tailored financing solutions.
• Maintaining a disciplined investment approach focused on risk management and capital preservation.
• Delivering attractive risk-adjusted returns to shareholders through a combination of current income and capital gains.

NMFC's focus on defensive growth companies is a cornerstone of its vision, aiming to provide downside protection while still capturing upside potential. The company's historical performance supports this vision, with a track record of generating stable income and managing credit risk effectively. For example, in 2024, reported a net investment income of $0.33 per share, showcasing its ability to deliver consistent returns.

Core Values

Core values underpin the company's culture and guide its decision-making. Based on NMFC's operational practices and public statements, its core values can be summarized as follows:

• Integrity: Conducting business with the highest ethical standards and transparency.
• Partnership: Building long-term, collaborative relationships with portfolio companies.
• Excellence: Striving for superior investment performance and operational efficiency.
• Responsibility: Managing risk prudently and acting in the best interests of shareholders.

These values are evident in NMFC's due diligence process, its active involvement with portfolio companies, and its commitment to transparent reporting. The company's emphasis on risk management is particularly noteworthy, with a focus on senior secured debt and a rigorous credit analysis process. As of 2024, 78.6% of NMFC's debt investments were in first lien loans, reflecting its commitment to capital preservation.

For further insights into NMFC's investor profile, explore: Exploring New Mountain Finance Corporation (NMFC) Investor Profile: Who’s Buying and Why?

New Mountain Finance Corporation (NMFC) Core Values

While specific, detailed core values of New Mountain Finance Corporation are not explicitly available in my search results as of April 2025, core values generally reflect a company's guiding principles and ethical standards. These values influence a company's actions, decisions, and overall culture. For New Mountain Finance Corporation, one can infer potential core values based on their business practices, investment strategies, and public statements.

Based on available information, potential core values might include:

• Integrity: Maintaining the highest ethical standards in all dealings.
• Excellence: Striving for superior performance and continuous improvement.
• Partnership: Building strong, collaborative relationships with portfolio companies and investors.
• Value Creation: Focusing on generating long-term value for all stakeholders.
• Responsibility: Acting responsibly and sustainably in all business activities.

To gain a deeper understanding of NMFC's financial health, see: Breaking Down New Mountain Finance Corporation (NMFC) Financial Health: Key Insights for Investors