New Mountain Guardian IV BDC LLC

CIK 0001925531New Mountain

New Mountain Guardian IV BDC L.L.C. is a non-traded business development company advised by New Mountain. With $2.1 billion in total assets, it is a mid-sized fund in the coverage universe. The portfolio is concentrated in direct lending, with 97% in first-lien senior secured loans and 100% floating-rate, at a weighted-average spread of 497 bps over the base rate. Its largest sector exposure is Information Technology (27% of holdings).

NAV/Share

$9.99

AUM

$2.1B

Positions

431

Strategy

Private Credit

Wtd. Avg. Coupon

8.7%

Wtd. Avg. Spread

5 bps

Wtd. Avg. Maturity

4.7 yrs

98% coverage

Top 10 Concentration

17.0%

Instrument type

Share of portfolio fair value

First Lien

95%

of fair value

First Lien Senior Loans94.9%

Second Lien Loans2.5%

Unsecured Loans0.8%

Equity1.6%

Fund Vehicles0.1%

Industry exposure

Share of holdings fair value

Top 5

93%

of holdings

Information Technology26.5%

Industrials16.8%

Health Care9.7%

Financials7.4%

Communication Services2.6%

Utilities1.7%

Other1.1%

Consumer Discretionary0.7%

Energy0.4%

Materials0.1%

Unknown33.0%

Unknown sector positions lack GICS classification in the source filing or could not be reconciled.

Maturity profile

Share of debt fair value by years to maturity.

Risk & Credit Indicators

PIK in Terms

4.5%