Name | Value |
---|---|
Revenues | 37.5M |
Cost of Revenue | -58.0M |
Gross Profit | 95.5M |
Operating Expense | 1.4M |
Operating I/L | 40.9M |
Other Income/Expense | -36.5M |
Interest Income | 74.4M |
Pretax | 36.1M |
Income Tax Expense | 1.0M |
Net Income/Loss | 34.8M |
New Mountain Finance Corporation is a Business Development Company specializing in investments in middle market companies and debt securities. It focuses on various industries including software, education, healthcare, energy, media, and retail. The company typically invests between $10 million and $50 million in companies with EBITDA between $20 million and $200 million. It primarily invests in debt securities with contractual unlevered returns of 10% to 15%, and may also invest in distressed debt and related opportunities. New Mountain Finance Corporation prefers to have a majority stake in the companies it invests in, holding its investments between five and ten years.