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Adviser Profile

Registration status: Terminated

As of Date:


Adviser Type:

- No longer eligible

Number of Employees:


of those in investment advisory functions:



of that, discretionary:



Private Funds:


Websites (details):
Contact info

Phone: 212-720-0300

Client Types:

Advisory Activities:

- Portfolio management for pooled investment vehicles

Compensation Arrangments:

- A percentage of assets under your management
- Performance-based fees

Reported AUM

356M 305M 254M 203M 153M 102M 51M
2018 2019 2020 2021

Recent News

Private Funds Structure

Fund Type Count GAV

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Brochure Summary


New Mountain Finance Corporation (“NMFC”) provides investment supervisory services to one fund (the “Client”) for the purpose of making investments in a diversified portfolio of senior secured first lien loans or bonds on a leveraged basis. In accordance with the Client’s investment objectives, investments may be made in companies doing business in a wide range of industries and sectors. NMFC Senior Loan Program I LLC, a Delaware limited liability company (“SLP I”), is the only Client of NMFC as of the date of this filing. Additionally, NMFC has elected to be regulated, and operates as, a business development company (“BDC”) that trades publicly on the New York Stock Exchange under the ticker symbol, NMFC. There are no holders of 25% or more of NMFC’s capital stock. NMFC was incorporated on June 29, 2010. The ultimate owners of New Mountain Capital Group, L.P. (together with its affiliates, “New Mountain” or the “Firm”) include Steven B. Klinsky and related and other vehicles. NMFC provides discretionary investment management services to the Client. To service the Client’s objectives and strategies, the members of NMFC’s investment team utilize the extensive and varied relevant experience of NMFC’s investment professionals. NMFC provides advisory services to the Client in accordance with a management agreement with such client or the limited liability company agreement or limited partnership agreement (or analogous organizational document) of such client (collectively, the “Governing Documents”). NMFC’s advisory services consist of investigating, identifying and evaluating investment opportunities, structuring, negotiating and making investments on behalf of Client, managing and monitoring the performance of such investments and disposing of such investments. As
noted, in addition to providing investment advisory services to its Client, NMFC operates as a BDC where it makes debt and equity investments in middle-market companies. Accordingly, NMFC may invest in similar companies in which its Client also invests. NMFC’s investment activities (e.g. those of the BDC) are managed by New Mountain Finance Advisers BDC, L.L.C. (“NMFA”) and supervised by NMFC’s board of directors, a majority of whom are independent of NMFA and its affiliates. NMFC also provides management services to small business investment companies (“SBICs”), which are consolidated, wholly-owned direct and indirect subsidiaries of NMFC. Each SBIC subsidiary received licenses from the United States Small Business Administration (the “SBA”) to each operate as an SBIC under Section 301(c) of the Small Business Investment Act of 1958, as amended. NMFC also provides management services to a real estate investment trust (“REIT”), within the meaning of Section 856(a) of the Internal Revenue Code of 1986, as amended, New Mountain Net Lease Corporation (“NMNLC”). NMNLC, organized in Maryland, is structured as a wholly owned subsidiary that was formed to acquire commercial real properties that are subject to “triple net” leases. Generally, with respect to the Client, NMFC neither tailors its advisory services to the individual needs of investors in the Client nor accepts investor-imposed investment restrictions. NMFC will provide investment advisory services to the Clients pursuant to investment advisory arrangements. Investment advice is provided by NMFC directly to the Client. NMFC does not participate in wrap fee programs. As of December 31, 2018, NMFC managed $334,351,775 of client regulatory assets under management on a discretionary basis.