The capital structure graph behind private markets. Who lent, to whom, under which sponsor, through which facility, how large the piece was, when it matures and what changed, with a filing behind every number. A BDC piece is that BDC's piece, a sum of pieces is a lower bound, and a sponsor is named with the evidence that names it.

BDC portfolio

New Mountain Guardian III BDC, L.L.C.

BDCnon-tradedCIK 1781870file 814-01317NEW YORK, NYmanaged by New Mountain Finance Advisers BDC, L.L.C
Fair value
$1.5B
as of Sep 30, 2024
Principal held
$1.6B
debt pieces, the filer's figure
Cost
$1.6B
99c on cost
Unfunded
n/a
commitments not yet drawn
Positions
200
77 borrowers
First lien
83%
95% debt by fair value
Quarters on the tape
8
since Dec 31, 2022
Facilities held
0
0 sponsors financed
Portfolio through time
Fair value by quarter end$1.5B as of Sep 30, 2024
Dec 31, 2022$2.1B then
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Sep 30, 2024$1.5B7799c25555 bp
Jun 30, 2024$3.2B8499c27566 bp
Mar 31, 2024$1.9B9598c34575 bp
Dec 31, 2023$3.9B10598c63580 bp
Sep 30, 2023$2.1B10898c26575 bp
Jun 30, 2023$2.1B10598c26579 bp
Mar 31, 2023$2.0B10398c22583 bp
Dec 31, 2022$2.1B10497c22580 bp

Each quarter end is the schedule as filed for that instant; a restated year end is taken from the latest filing that carries it.

Sponsors financed
No borrower on this schedule has a sponsor attribution yet.

Counted at BDC level here; the adviser page counts across every BDC it manages. A sponsor named by Form D signer consensus is an inference.

What changed
Every position change, including routine ones
Largest facilities held, with co-lenders
    Schedule of investments at Sep 30, 2024
    200 positions
    BorrowerInstrumentPrincipalFair valueRateMaturity
    GS Acquisitionco, Inc.term loan first lien$52.4M$52.4M
    100c
    		S+525 bpMay 1, 2028
    Legal Spend Holdings, LLC (fka Bottomline Technologies, Inc.)term loan first lien$48.9M$48.9M
    101c
    		S+525 bpMay 1, 2029
    Al Altius US Bidco, Inc.term loan first lien$47.8M$47.8M
    101c
    		S+475 bpDec 1, 2028
    OA Buyer, Inc.term loan first lien$45.5M$45.5M
    101c
    		S+500 bpDec 1, 2028
    CCBlue Bidco, Inc.term loan first lien$45.8M$41.8M
    92c
    		11.21%
    PIK 6.50%
    		Dec 1, 2028
    Diamondback Acquisition, Inc.term loan first lien$41.9M$41.7M
    100c
    		S+550 bpSep 1, 2028
    Anaplan, Inc.term loan first lien$40.4M$40.4M
    101c
    		S+525 bpJun 1, 2029
    Dealer Tire Holdings, LLCpreferred equity equityn/a$39.6M
    105c
    		7.00%
    PIK 7.00%
    IG Investments Holdings, LLCterm loan first lien$38.6M$38.6M
    101c
    		S+600 bpSep 1, 2028
    Notorious Topco, LLCterm loan first lien$41.1M$38.1M
    93c
    		S+475 bp
    PIK 2.50%
    		Nov 1, 2027
    KWOR Acquisition, Inc.term loan first lien$39.9M$33.2M
    84c
    		S+425 bpDec 1, 2028
    Ocala Bidco, Inc.term loan first lien$32.1M$32.1M
    101c
    		S+350 bp
    PIK 2.75%
    		Nov 1, 2028
    Foreside Financial Group, LLCterm loan first lien$31.1M$31.1M
    101c
    		S+525 bpSep 1, 2027
    Fortis Solutions Group, LLCterm loan first lien$30.0M$30.0M
    101c
    		S+550 bpOct 1, 2028
    Wealth Enhancement Group, LLCterm loan first lien$29.6M$29.6M
    100c
    		S+550 bpOct 1, 2027
    Pioneer Buyer I, LLCterm loan first lien$28.4M$28.4M
    100c
    		S+650 bpNov 1, 2028
    iCIMS, Inc.term loan first lien$28.5M$28.3M
    100c
    		S+575 bpAug 1, 2028
    DECA Dental Holdings LLCterm loan first lien$28.2M$27.8M
    99c
    		S+575 bpAug 1, 2028
    Kaseya Inc.term loan first lien$26.3M$26.3M
    101c
    		S+550 bpJun 1, 2029
    Galway Borrower LLCterm loan first lien$26.6M$26.3M
    100c
    		S+450 bpSep 1, 2028
    Sun Acquirer Corp.term loan first lien$24.3M$24.3M
    101c
    		S+575 bpSep 1, 2028
    Businessolver.com, Inc.term loan first lien$24.0M$24.0M
    100c
    		S+550 bpDec 1, 2027
    Aston FinCo S.a r.l. / Aston US Finco, LLCterm loan second lien$22.5M$22.5M
    100c
    		S+825 bpOct 1, 2027
    Avalara, Inc.term loan first lien$21.7M$21.7M
    101c
    		S+625 bpOct 1, 2028
    CFS Management, LLCterm loan first lien$24.1M$21.4M
    89c
    		S+625 bp
    PIK 2.75%
    		Aug 1, 2024
    DOCS, MSO, LLCterm loan first lien$20.8M$20.7M
    99c
    		S+575 bpJun 1, 2028
    Icebox Holdco III, Inc.term loan second lien$20.0M$20.2M
    102c
    		S+675 bpDec 1, 2029
    AAH Topco, LLCterm loan first lien$20.0M$20.0M
    101c
    		S+525 bpDec 1, 2027
    AAH Topco, LLCterm loan first lien$19.8M$19.8M
    101c
    		S+525 bpDec 1, 2027
    Infogain Corporationsubordinated debt unsecured or subordinated$19.8M$19.8M
    101c
    		S+750 bpJul 1, 2029
    Foundational Education Group, Inc.term loan second lien$19.7M$19.7M
    100c
    		S+650 bpAug 1, 2029
    Auctane Inc. (fka Stamps.com Inc.)term loan first lien$19.4M$19.0M
    98c
    		S+575 bpOct 1, 2028
    OB Hospitalist Group, Inc.term loan first lien$18.9M$18.9M
    101c
    		S+525 bpSep 1, 2027
    TigerConnect, Inc.term loan first lien$18.4M$18.4M
    101c
    		S+338 bp
    PIK 3.38%
    		Feb 1, 2028
    Idera, Inc.term loan second lien$17.6M$17.6M
    100c
    		S+675 bpMar 1, 2029
    Daxko Acquisition Corporationterm loan first lien$17.4M$17.4M
    101c
    		S+500 bpOct 1, 2028
    FS WhiteWater Borrower, LLCterm loan first lien$17.4M$17.4M
    101c
    		S+575 bpDec 1, 2027
    Project Essential Bidco, Inc.term loan first lien$18.0M$16.8M
    94c
    		S+300 bp
    PIK 3.25%
    		Apr 1, 2028
    Relativity ODA LLCterm loan first lien$16.8M$16.8M
    100c
    		S+450 bpMay 1, 2029
    HS Purchaser, LLC / Help/Systems Holdings, Inc.term loan second lien$18.9M$16.5M
    87c
    		S+675 bpNov 1, 2027
    ACI Parent Inc.preferred equity equityn/a$15.9M
    89c
    		11.75%
    PIK 11.75%
    Auctane Inc. (fka Stamps.com Inc.)term loan first lien$14.1M$13.8M
    98c
    		S+575 bpOct 1, 2028
    AAH Topco, LLCsubordinated debt unsecured or subordinated$13.1M$12.9M
    99c
    		11.50%
    PIK 11.50%
    		Dec 1, 2031
    Syndigo LLCterm loan second lien$12.5M$12.5M
    100c
    		S+800 bpDec 1, 2028
    Knockout Intermediate Holdings I Incpreferred equity equityn/a$11.6M
    101c
    		16.01%
    PIK 10.75%
    DG Investment Intermediate Holdings 2, Inc.term loan second lien$12.2M$11.5M
    94c
    		S+675 bpMar 1, 2029
    Specialtycare, Inc.term loan first lien$11.5M$11.2M
    98c
    		S+575 bpJun 1, 2028
    NMC Crimson Holdings, Inc.term loan first lien$11.1M$11.1M
    101c
    		S+609 bpMar 1, 2028
    GC Waves Holdings, Inc.term loan first lien$10.4M$10.4M
    101c
    		S+525 bpAug 1, 2029
    ACI Group Holdings, Inc.term loan first lien$10.6M$10.3M
    98c
    		S+550 bpAug 1, 2028
    Maverick Bidco Inc.term loan second lien$10.2M$10.0M
    98c
    		S+675 bpMay 1, 2029
    DCA Investment Holding, LLCterm loan first lien$9.3M$9.1M
    98c
    		S+641 bpApr 1, 2028
    Radwell Parent, LLCterm loan first lien$9.0M$9.0M
    101c
    		S+550 bpApr 1, 2029
    Infogain Corporationterm loan first lien$8.9M$8.9M
    100c
    		S+575 bpJul 1, 2028
    CG Group Holdings, LLCterm loan first lien$8.5M$8.4M
    100c
    		S+675 bp
    PIK 2.00%
    		Jul 1, 2027
    Huskies Parent, Inc.term loan first lien$8.3M$8.3M
    100c
    		S+550 bpNov 1, 2028
    PDQ.com Corporationterm loan first lien$8.2M$8.2M
    100c
    		S+475 bpAug 1, 2027
    KPSKY Acquisition Inc.term loan first lien$8.4M$8.1M
    97c
    		S+550 bpOct 1, 2028
    MRI Software LLCterm loan first lien$8.0M$8.0M
    100c
    		S+475 bpFeb 1, 2027
    AmeriVet Partners Management, Inc.term loan first lien$7.9M$7.9M
    100c
    		S+525 bpFeb 1, 2028
    Smile Doctors LLCterm loan first lien$7.8M$7.7M
    99c
    		S+590 bpDec 1, 2028
    Trinity Air Consultants Holdings Corporationterm loan first lien$7.4M$7.4M
    101c
    		S+525 bpJun 1, 2028
    Project Essential Super Parent, Inc.preferred equity equityn/a$7.2M
    93c
    		14.10%
    PIK 9.50%
    Beacon Pointe Harmony, LLCterm loan first lien$6.9M$6.9M
    101c
    		S+475 bpDec 1, 2028
    Diligent Preferred Issuer, Inc.preferred equity equityn/a$6.9M
    97c
    		10.50%
    PIK 10.50%
    Ministry Brands Holdings, LLCterm loan first lien$6.9M$6.9M
    100c
    		S+550 bpDec 1, 2028
    Safety Borrower Holdings LLCterm loan first lien$6.9M$6.9M
    100c
    		S+525 bpSep 1, 2027
    RealPage, Inc.term loan second lien$6.4M$6.2M
    97c
    		S+650 bpApr 1, 2029
    Calabrio, Inc.term loan first lien$6.0M$6.0M
    100c
    		S+550 bpApr 1, 2027
    FS WhiteWater Borrower, LLCterm loan first lien$5.8M$5.8M
    101c
    		S+575 bpDec 1, 2027
    FS WhiteWater Borrower, LLCterm loan first lien$5.8M$5.8M
    101c
    		S+575 bpDec 1, 2027
    PDQ.com Corporationterm loan first lien$5.6M$5.6M
    100c
    		S+475 bpAug 1, 2027
    IMO Investor Holdings, Inc.term loan first lien$5.2M$5.2M
    101c
    		S+550 bpMay 1, 2029
    CFS Management, LLCterm loan first lien$5.7M$5.0M
    89c
    		S+625 bp
    PIK 2.75%
    		Aug 1, 2024
    Allworth Financial Group, L.P.term loan first lien$5.0M$5.0M
    100c
    		S+500 bpDec 1, 2027
    Therapy Brands Holdings LLCterm loan second lien$6.0M$5.0M
    84c
    		S+675 bpMay 1, 2029
    Allworth Financial Group, L.P.term loan first lien$5.0M$5.0M
    101c
    		S+500 bpDec 1, 2027
    KWOR Acquisition, Inc.term loan first lien$5.7M$4.7M
    84c
    		S+425 bpDec 1, 2027
    TMK Hawk Parent, Corp.term loan first lien$5.6M$4.7M
    84c
    		10.17%
    PIK 5.25%
    		Jun 1, 2029
    Bamboo Health Holdings, LLC (f/k/a Appriss Health, LLC)term loan first lien$4.6M$4.6M
    101c
    		S+700 bpMay 1, 2027
    iCIMS, Inc.term loan first lien$4.5M$4.5M
    101c
    		S+625 bpAug 1, 2028
    Wealth Enhancement Group, LLCsubordinated debt unsecured or subordinated$3.9M$3.9M
    101c
    		15.00%
    PIK 15.00%
    		May 1, 2033
    Sun Acquirer Corp.term loan first lien$3.9M$3.9M
    101c
    		S+575 bpSep 1, 2028
    Pioneer Buyer I, LLCterm loan first lien$3.9M$3.9M
    101c
    		S+650 bpNov 1, 2028
    Cloudera, Inc.term loan second lien$4.0M$3.8M
    95c
    		S+600 bpOct 1, 2029
    MRI Software LLCterm loan first lien$3.6M$3.6M
    100c
    		S+475 bpFeb 1, 2027
    Notorious Topco, LLCterm loan first lien$3.6M$3.3M
    93c
    		S+475 bp
    PIK 2.50%
    		Nov 1, 2027
    Wealth Enhancement Group, LLCterm loan first lien$3.0M$3.0M
    101c
    		S+550 bpOct 1, 2027
    DECA Dental Holdings LLCterm loan first lien$3.0M$2.9M
    99c
    		S+575 bpAug 1, 2028
    OA Buyer, Inc.term loan first lien$2.9M$2.9M
    101c
    		S+500 bpDec 1, 2028
    Sun Acquirer Corp.term loan first lien$2.8M$2.8M
    101c
    		S+575 bpSep 1, 2028
    Beacon Pointe Harmony, LLCterm loan first lien$2.7M$2.7M
    101c
    		S+475 bpDec 1, 2028
    Ocala Bidco, Inc.term loan first lien$2.5M$2.5M
    101c
    		S+350 bp
    PIK 2.75%
    		Nov 1, 2028
    NMC Crimson Holdings, Inc.term loan first lien$2.3M$2.3M
    100c
    		S+609 bpMar 1, 2028
    DECA Dental Holdings LLCterm loan first lien$2.3M$2.3M
    99c
    		S+575 bpAug 1, 2027
    AmeriVet Partners Management, Inc.term loan first lien$2.2M$2.2M
    100c
    		S+525 bpFeb 1, 2028
    CCBlue Bidco, Inc.term loan first lien$2.4M$2.2M
    91c
    		11.21%
    PIK 6.50%
    		Dec 1, 2028
    Trinity Air Consultants Holdings Corporationterm loan first lien$2.2M$2.2M
    101c
    		S+525 bpJun 1, 2028
    Wealth Enhancement Group, LLCterm loan first lien$2.0M$2.0M
    101c
    		S+550 bpOct 1, 2027
    DCA Investment Holding, LLCterm loan first lien$2.1M$2.0M
    98c
    		S+641 bpApr 1, 2028
    Page 1 of 2Next
    Registration
    Fiscal year end
    1231reported
    Incorporated
    DEreported
    On the SEC BDC report
    2020 to 2024reported
    Filings listed
    12reported10-Q and 10-K since 2022
    Latest schedule
    0001781870-24-000014reported