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New Mountain Finance (NMFC) saw rising non-accruals and deteriorating asset quality in Q1. NMFC trades at a 35% discount to NAV, reflecting market concerns over credit quality trends and portfolio pivot towards lower-yielding first liens. In Q1'26, the BDC sold ~$470M in non-strategic loans, thereby helping the company shift towards lower risk first lien investments.

JACKSON, Miss.--(BUSINESS WIRE)--July 7, 2026--UniTek Global Services, Inc. (“UniTek” or the “Company”), a leading provider of turnkey infrastructure solutions to the communications and data center markets, today announced the acquisition of Concurrent Utility Services LLC (“Concurrent”), a specialty infrastructure services company focused on power grid modernization and connectivity. The transaction marks a…

NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (NASDAQ: NMFC) (“New Mountain” or the “Company”) announced today that it will release its financial results for the quarter ended June 30, 2026, on Monday, August 3, 2026, after markets close. The Company will host an earnings conference call and webcast at 10:30 am Eastern Time on Tuesday, August 4, 2026. During the live conference call, the Company's…

New Mountain Finance maintains a sell rating as NAV and total investment income continue to decline despite a deep discount to NAV. NMFC's dividend yield is now 12.8% after a payout reduction, with distributions currently covered by net investment income. Portfolio challenges include a high allocation to software, elevated non-accrual rates, and persistent net realized and unrealized losses.

There is a principle I have followed for 30 years in this business. When the smartest credit team on the planet starts aggressively buying a beaten-down asset class they understand better than anyone alive, you do not sit on your hands and debate whether the timing is perfect.