New Mountain Finance Corporation (NMFC)
New Mountain Finance Corporation (NYSE: NMFC) is a business development company primarily focused on lending to middle market companies in "defensive growth" industries. We aim to generate current income and capital appreciation through investments in debt securities at all levels of the capital structure.
NMFC's mandate is to primarily target businesses in the middle market that, consistent with New Mountain's private equity platform, are quality, defensive growth companies, in industries that are well-researched by New Mountain.
This mandate is acheieved by utilizing the existing New Mountain investment team as the primary underwriting engine. Private equity sector teams combined with the credit team underwrite the credit opportunities; underwriting is further supported by a team of operating executives who have additional industry insight.
We invest primarily in U.S. middle market businesses, a market segment we believe will continue to be underserved by other lenders. We define middle market as those businesses with annual EBITDA of between $20 million and $200 million. Our investment size ranges from $10 million to $50 million, with the ability to partner for larger deals. We invest through both primary originations and open-market secondary purchases.
Link to Site: http://www.newmountainfinance.com/
Private Credit Strategies
Guardian offers private credit investment vehicles to institutional investors and executes a similar investment strategy as NMFC (the publicly-traded BDC described above).
- Net Lease Real Estate
New Mountain Net Lease capitalizes on New Mountain’s expertise in underwriting middle market companies to provide best-in-class real estate financing capabilities to leveraged and sponsored companies. Transactions include sale-leasebacks, existing net lease acquisitions, build-to-suits, and forward take-out commitments of all real estate asset types, emphasizing operationally critical corporate properties.