New Mountain Private Credit Fund Declares Sept 2026 Distribution; Reports NAV

What Happened

• New Mountain Private Credit Fund filed an 8-K on September 28, 2026 announcing a regular distribution of $0.19 per common share, payable on or about October 30, 2026 to shareholders of record as of the open of business on September 30, 2026. Shareholders may receive the distribution in cash or reinvest it through the Company’s distribution reinvestment plan.
• The filing also reported the Company’s net asset value (NAV) per share as of August 31, 2026: $22.84. Aggregate NAV was approximately $949.4 million; fair value of the investment portfolio was about $1,881.1 million; and principal debt outstanding was approximately $938.6 million.

Key Details

• Distribution: $0.19 per share; record date Sep 30, 2026; payable on or about Oct 30, 2026; cash or DRIP reinvestment available.
• NAV and balance-sheet snapshot (Aug 31, 2026): NAV/share $22.84; aggregate NAV ≈ $949.4M; portfolio fair value ≈ $1,881.1M; debt outstanding ≈ $938.6M.
• Leverage & capacity: average debt-to-equity leverage in August 2026 ≈ 0.97x; committed debt capacity ≈ $1,510.0M (100% floating rate based on drawn amounts; ~77% secured, 23% unsecured).
• Offering status: the Company continues a monthly continuous private offering of Shares; no Shares were issued in September (excluding DRIP), and the Company intends to continue monthly offerings.

Why It Matters

• The declared distribution is a near-term cash return to shareholders and may be relevant for income-focused investors tracking dividend timing and amount.
• The NAV per share and portfolio/debt figures give investors a recent valuation and leverage snapshot—NAV of $22.84 and leverage near 1.0x indicate the Company’s capitalization and borrowing level as of August-end.
• Committed debt capacity and the mix of secured vs. unsecured, plus use of interest-rate swaps, speak to the Fund’s liquidity and interest-rate exposure.
• The private offering status (no new shares issued in September aside from DRIP) affects share supply dynamics; the Company retains the ability to continue monthly issuances.