New Mountain Private Credit Fund Announces August Distribution, NAV and Share Sales

What Happened

• New Mountain Private Credit Fund filed an 8‑K on August 26, 2026 announcing a regular distribution of $0.19 per share declared by the Board, payable on or about September 30, 2026 to shareholders of record at the open of business on August 31, 2026. Shareholders may receive the distribution in cash or reinvest it in additional shares through the fund’s distribution reinvestment plan.
• The filing also reported the fund’s net asset value (NAV) per share as of July 31, 2026 was $23.06. For July 31, 2026 the fund reported aggregate NAV of approximately $956.0 million, investment portfolio fair value of ~$1,866.2 million, and $918.7 million of debt outstanding (principal). The fund’s average debt‑to‑equity leverage ratio during July 2026 was ~0.96x.
• As part of its ongoing monthly private offering, the fund sold 5,421 common shares in August 2026 for total consideration of $125,000 (price per share $23.06). The share sale was made under exemptions to registration (Section 4(a)(2) and Rule 506 of Regulation D).

Key Details

• Distribution: $0.19 per share; record date Aug 31, 2026; pay/reinvest around Sept 30, 2026.
• NAV: $23.06 per share as of July 31, 2026; aggregate NAV ≈ $956.0M.
• Leverage & debt: ~$918.7M principal debt outstanding; average debt/equity ≈ 0.96x in July; $1,510.0M committed debt capacity (100% floating-rate by drawn amounts; ~76% secured / 24% unsecured).
• Private offering: 5,421 shares issued in August 2026 for $125,000; sales continue monthly; offering exempt under Reg D.

Why It Matters

• The declared distribution is relevant to income-focused investors deciding whether to take cash or reinvest via the plan. The NAV per share and aggregate NAV give a current measure of the fund’s per‑share value and total size.
• Debt levels, leverage ratio and committed borrowing capacity are key for assessing the fund’s financial flexibility and interest‑rate exposure (the filing notes some fixed-rate notes are effectively swapped to floating rates).
• Continued monthly share issuance through the private offering can modestly increase outstanding shares and affect per‑share metrics over time; investors should monitor ongoing offering activity and reinvestment participation.