New Mountain Finance Corporation (Nasdaq: NMFC) is a business development company that functions as a private equity and loan fund, dedicated to directly investing in and providing capital to middle-market enterprises. The firm prioritizes companies operating in defensive growth industries, with a particular emphasis on buyout opportunities. Its investment portfolio includes a range of debt instruments across the capital stack, such as first and second lien debt, unsecured notes, and mezzanine securities, and may also involve equity interests in certain cases. The fund exclusively seeks investment opportunities within the United States. Transactions typically fall between $10 million and $50 million, executed through both primary originations and open-market secondary acquisitions. New Mountain Finance targets companies with EBITDA ranging from $10 million to $200 million, aspiring to achieve a hold size up to $125 million, and frequently aims for a majority stake in its investee companies. Its extensive sector focus spans energy, various healthcare services and technology, application and systems software, diversified support and environmental services, education, media, distribution and logistics, and numerous industrial sectors like specialty chemicals, materials, and commercial printing, as well as utility generation (hydroelectric, fossil fuels, nuclear), and security services.