DFX Intelligence

Private Credit Intelligence

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 IV Income Fund, L.L.C.

BDCnon-tradedCIK 1976719file 814-01639NEW YORK, NYmanaged by NEW MOUNTAIN FINANCE ADVISERS, L.L.C.

Fair value

$495M

as of Jun 30, 2026

Principal held

$572M

debt pieces, the filer's figure

Cost

$504M

98c on cost

Unfunded

n/a

commitments not yet drawn

Positions

384

122 borrowers

First lien

95%

99% debt by fair value

Quarters on the tape

since Sep 30, 2023

Facilities held

128

25 sponsors financed

Portfolio through time

Fair value by quarter end$495M as of Jun 30, 2026

Jun 30, 2023$5.3M then

Quarter	Fair value	Borrowers	On cost	PIK pos.	Avg spread
Jun 30, 2026	$495M	122	98c	19	480 bp
Mar 31, 2026	$488M	121	98c	13	489 bp
Dec 31, 2025	$965M	119	100c	20	494 bp
Sep 30, 2025	$432M	114	100c	13	496 bp
Jun 30, 2025	$409M	108	100c	11	508 bp
Mar 31, 2025	$390M	100	100c	10	513 bp
Dec 31, 2024	$755M	102	101c	18	520 bp
Sep 30, 2024	$299M	91	101c	6	531 bp
Jun 30, 2024	$240M	79	101c	4	564 bp
Mar 31, 2024	$131M	60	101c	4	574 bp
Dec 31, 2023	$86.6M	46	101c	5	557 bp
Sep 30, 2023	$24.7M	19	102c	2	561 bp
Jun 30, 2023	$5.3M	4	101c	1	467 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

New lender joined a facilityJun 30, 2026
New Mountain Guardian IV Income Fund, L.L.C. joins Auctane Inc term loan (first lien) held by 23 other BDCs
New lender joined a facilityJun 30, 2026
New Mountain Guardian IV Income Fund, L.L.C. joins EAB Global, Inc term loan (first lien) held by 6 other BDCs
Marked down (one lender)Jun 30, 2026
New Mountain Guardian IV Income Fund, L.L.C.: fair value markdown in Houghton Mifflin Harcourt Company (90 to 81 cents on cost)
Marked down (one lender)Jun 30, 2026
New Mountain Guardian IV Income Fund, L.L.C.: fair value markdown in Perforce Software, Inc (69 to 52 cents on cost)
PIK interest appearsJun 30, 2026
New Mountain Guardian IV Income Fund, L.L.C.: pik added in Diligent Corporation (0.00% to 8.42%)
PIK interest appearsJun 30, 2026
New Mountain Guardian IV Income Fund, L.L.C.: pik added in LogRhythm, Inc (0.00% to 6.38%)
Spread increasedJun 30, 2026
New Mountain Guardian IV Income Fund, L.L.C.: spread increased in Foundational Education Group, Inc (3.75% to 4.25%)
PIK interest appearsJun 30, 2026
New Mountain Guardian IV Income Fund, L.L.C.: pik added in Optimizely North America, Inc (0.00% to 2.50%)
Lender left a facilityMar 31, 2026
New Mountain Guardian IV Income Fund, L.L.C. no longer holds Al Altius US Bidco, Inc term loan after 2026-03-31; 1 BDC(s) still hold it
Lender left a facilityMar 31, 2026
New Mountain Guardian IV Income Fund, L.L.C. no longer holds Allworth Financial Group, L.P term loan after 2026-03-31; 2 BDC(s) still hold it
Lender left a facilityMar 31, 2026
New Mountain Guardian IV Income Fund, L.L.C. no longer holds OB Hospitalist Group, Inc term loan after 2026-03-31; 7 BDC(s) still hold it
New lender joined a facilityMar 31, 2026
New Mountain Guardian IV Income Fund, L.L.C. joins SIG Parent Holdings, LLC term loan (first lien) held by 9 other BDCs
New lender joined a facilityMar 31, 2026
New Mountain Guardian IV Income Fund, L.L.C. joins Tempo Buyer Corp term loan (first lien) held by 14 other BDCs
New lender joined a facilityMar 31, 2026
New Mountain Guardian IV Income Fund, L.L.C. joins Capstone Acquisition Holdings, Inc term loan (first lien) held by 11 other BDCs
New lender joined a facilityMar 31, 2026
New Mountain Guardian IV Income Fund, L.L.C. joins Planview Parent, Inc term loan (first lien) held by 12 other BDCs
New lender joined a facilityMar 31, 2026
New Mountain Guardian IV Income Fund, L.L.C. joins RealPage, Inc term loan (first lien) held by 11 other BDCs
Marked down (one lender)Mar 31, 2026
New Mountain Guardian IV Income Fund, L.L.C.: fair value markdown in Javelin Buyer, Inc (100 to 93 cents on cost)
Marked down (one lender)Mar 31, 2026
New Mountain Guardian IV Income Fund, L.L.C.: fair value markdown in GS Acquisitionco, Inc (100 to 93 cents on cost)
Marked down (one lender)Mar 31, 2026
New Mountain Guardian IV Income Fund, L.L.C.: fair value markdown in LogRhythm, Inc (96 to 87 cents on cost)
Marked down (one lender)Mar 31, 2026
New Mountain Guardian IV Income Fund, L.L.C.: fair value markdown in PetVet Care Centers, LLC (96 to 85 cents on cost)

Every position change, including routine ones

Largest facilities held, with co-lenders

Businessolver.com, Inc first lien term loan
18 BDCs hold it · matures Dec 3, 2032
$10.3M 100c
OEConnection LLC first lien term loan
27 BDCs hold it · matures Dec 23, 2032 · Francisco Partners
$10.2M 99c
AAH Topco, LLC first lien term loan
15 BDCs hold it · matures Dec 31, 2027 · Balance Point Capital Advisors, LLC
$10.1M 100c
Anaplan, Inc first lien term loan
26 BDCs hold it · matures Jun 21, 2029
$10.0M 98c
Meta Buyer LLC first lien term loan
7 BDCs hold it · matures Dec 22, 2031
$10.0M 100c
NC Topco, LLC first lien term loan
11 BDCs hold it · matures Sep 2, 2031
$9.9M 99c
Wealth Enhancement Group, LLC first lien term loan
20 BDCs hold it · matures Oct 2, 2028
$9.9M 100c
Viper Bidco, Inc first lien term loan
12 BDCs hold it · matures Nov 1, 2031
$9.8M 98c
Coupa Holdings, LLC first lien term loan
26 BDCs hold it · matures Aug 2, 2030
$9.8M 99c
Vessco Midco Holdings, LLC first lien term loan
30 BDCs hold it · matures Jul 24, 2031
$9.6M 100c
Runway Bidco, LLC first lien term loan
12 BDCs hold it · matures Dec 17, 2031
$9.4M 98c
Diamondback Acquisition, Inc first lien term loan
17 BDCs hold it · matures Sep 1, 2032
$9.4M 95c

Schedule of investments at Jun 30, 2026

384 positions

Borrower	Instrument	Principal	Fair value	Rate
Anaplan, Inc.	term loan first lien	$10.0M	$9.8M 98c	S+450 bp
Businessolver.com, Inc.	term loan first lien	$8.9M	$8.9M 100c	S+450 bp
Coupa Holdings, LLC	term loan first lien	$8.5M	$8.4M 99c	S+525 bp
Einstein Parent, Inc.	term loan first lien	$8.3M	$8.1M 98c	S+525 bp
Associations, Inc.	term loan first lien	$7.7M	$7.7M 100c	S+650 bp
IG Investments Holdings, LLC	term loan first lien	$7.5M	$7.5M 100c	S+500 bp
Acumatica Holdings, Inc.	term loan first lien	$7.2M	$7.2M 100c	S+450 bp
Diamondback Acquisition, Inc.	term loan first lien	$7.0M	$6.7M 96c	S+450 bp
Foundational Education Group, Inc.	term loan first lien	$7.1M	$6.6M 96c	S+425 bp
Auctane, Inc.	term loan first lien	$6.5M	$6.5M 100c	S+575 bp
Meta Buyer LLC	term loan first lien	$6.3M	$6.3M 100c	S+525 bp
Viper Bidco, Inc.	term loan first lien	$6.4M	$6.2M 98c	S+450 bp
Maverick Bidco Inc.	term loan first lien	$6.1M	$6.0M 99c	S+475 bp
Vessco Midco Holdings, LLC	term loan first lien	$6.0M	$6.0M 100c	S+450 bp
YLG Holdings, Inc.	term loan first lien	$5.8M	$5.8M 100c	S+475 bp
Pioneer Buyer I, LLC	term loan first lien	$5.8M	$5.8M 100c	S+500 bp
Supernova Intermediate Pty Ltd	term loan first lien	$5.8M	$5.8M 100c	S+500 bp
Icefall Parent, Inc.	term loan first lien	$5.2M	$5.2M 101c	S+450 bp
Wealth Enhancement Group, LLC	term loan first lien	$5.2M	$5.2M 100c	S+425 bp
OEConnection LLC	term loan first lien	$5.2M	$5.2M 99c	S+450 bp
Jeppesen Holdings, LLC	term loan first lien	$5.0M	$5.0M 100c	S+475 bp
Alegeus Technologies Holdings Corp.	term loan first lien	$4.8M	$4.8M 101c	S+650 bp
DG Investment Intermediate Holdings 2, Inc.	term loan second lien	$4.8M	$4.8M 100c	S+550 bp
Asurion, LLC	term loan first lien	$4.5M	$4.5M 102c	S+425 bp
AWP Group Holdings, Inc.	term loan first lien	$4.3M	$4.3M 100c	S+263 bp PIK 3.28%
AAH Topco, LLC	term loan first lien	$4.0M	$4.0M 100c	S+500 bp
Matterhorn Finco, Inc.	term loan first lien	$4.0M	$4.0M 100c	S+550 bp
Wrench Group LLC	term loan first lien	$3.9M	$3.9M 100c	S+475 bp
Cleanova US Holdings, LLC	term loan first lien	$3.9M	$3.8M 101c	S+475 bp
AAH Topco, LLC	term loan first lien	$3.7M	$3.7M 100c	S+525 bp
Rithum Holdings, Inc. (fka CommerceHub, Inc.)	term loan first lien	$3.9M	$3.7M 96c	S+475 bp
Model N, Inc.	term loan first lien	$3.7M	$3.7M 100c	S+475 bp
Bluefin Holding, LLC	term loan first lien	$3.6M	$3.6M 100c	S+425 bp
NC Topco, LLC	term loan first lien	$3.6M	$3.6M 99c	S+450 bp
Archduke Buyer, Inc.	term loan first lien	$3.6M	$3.5M 100c	S+550 bp
GHX Ultimate Parent Corporation	term loan first lien	$3.5M	$3.5M 101c	S+250 bp PIK 2.50%
Jeppesen Holdings, LLC	term loan first lien	$3.5M	$3.5M 100c	S+475 bp
CentralSquare Technologies, LLC	term loan first lien	$3.5M	$3.5M 101c	S+575 bp
USRP Holdings, Inc.	term loan first lien	$3.5M	$3.5M 100c	S+475 bp
ComPsych Investments Corp.	term loan first lien	$3.5M	$3.5M 100c	S+475 bp
Superman Holdings, LLC	term loan first lien	$3.5M	$3.5M 100c	S+450 bp
Safety Borrower Holdings LLC	term loan first lien	$3.5M	$3.5M 99c	S+475 bp
OEConnection LLC	term loan first lien	$3.5M	$3.5M 99c	S+450 bp
Model N, Inc.	term loan first lien	$3.5M	$3.5M 100c	S+475 bp
NC Topco, LLC	term loan first lien	$3.5M	$3.4M 99c	S+450 bp
HIG Intermediate, Inc.	preferred equity equity	$3.4M	$3.4M 101c	S+1050 bp
PPV Intermediate Holdings, LLC	term loan first lien	$3.5M	$3.4M 98c	S+575 bp
Runway Bidco, LLC	term loan first lien	$3.5M	$3.4M 99c	S+450 bp
Viper Bidco, Inc.	term loan first lien	$3.5M	$3.4M 98c	S+450 bp
Nexus Buyer LLC	term loan second lien	$3.5M	$3.4M 98c	S+575 bp
Legends Hospitality Holding Company, LLC	term loan first lien	$3.4M	$3.4M 100c	S+275 bp PIK 2.75%
Optimizely North America Inc.	term loan first lien	$3.5M	$3.4M 98c	S+300 bp PIK 2.50%
Brave Parent Holdings, Inc.	term loan first lien	$3.5M	$3.4M 97c	S+450 bp
Sierra Enterprises, LLC	term loan first lien	$3.4M	$3.4M 101c	S+575 bp
Databricks, Inc.	term loan first lien	$3.3M	$3.3M 100c	S+450 bp
Accelya Lux Finco S.a r.l	term loan first lien	$3.5M	$3.3M 97c	S+525 bp
Runway Bidco, LLC	term loan first lien	$3.3M	$3.3M 99c	S+450 bp
iCIMS, Inc.	term loan first lien	$3.5M	$3.3M 94c	S+575 bp
iCIMS, Inc.	term loan first lien	$3.5M	$3.3M 94c	S+575 bp
Fetch, Inc.	term loan first lien	$3.3M	$3.2M 100c	S+475 bp
CRCI Longhorn Holdings, Inc.	term loan first lien	$3.2M	$3.2M 100c	S+475 bp
GC Waves Holdings, Inc.	term loan first lien	$3.2M	$3.2M 100c	S+450 bp
Bullhorn, Inc.	term loan first lien	$3.2M	$3.2M 99c	S+500 bp
Fullsteam Operations LLC	term loan first lien	$3.1M	$3.1M 100c	S+525 bp
Diligent Corporation	term loan first lien	$3.1M	$3.1M 98c	S+500 bp
Low Voltage Holdings Inc.	term loan first lien	$3.1M	$3.0M 100c	S+450 bp
Greenway Health, LLC	term loan first lien	$3.1M	$3.0M 99c	S+675 bp
HIG Operations Holdings, Inc.	term loan first lien	$3.0M	$3.0M 100c	S+450 bp
Vamos Bidco, Inc.	term loan first lien	$3.0M	$2.9M 98c	S+450 bp
RailPros Parent, LLC	term loan first lien	$2.9M	$2.9M 100c	S+425 bp
Houghton Mifflin Harcourt Company	term loan first lien	$3.6M	$2.9M 80c	S+525 bp
Wealth Enhancement Group, LLC	term loan first lien	$2.9M	$2.9M 100c	S+425 bp
Lighthouse Buyer, Inc.	term loan first lien	$2.9M	$2.8M 100c	S+425 bp
Tempo Acquisition, LLC	term loan first lien	$3.4M	$2.8M 124c	S+175 bp
Houghton Mifflin Harcourt Company	term loan first lien	$3.5M	$2.8M 82c	S+525 bp
Baker Tilly Advisory Group, LP	term loan first lien	$2.8M	$2.7M 99c	S+425 bp
Eclipse Buyer, Inc.	term loan first lien	$2.8M	$2.7M 99c	S+450 bp
Legal Spend Holdings, LLC (fka Bottomline Technologies, Inc.)	term loan first lien	$2.7M	$2.7M 99c	S+450 bp
Brave Parent Holdings, Inc.	term loan first lien	$2.8M	$2.7M 97c	S+450 bp
Tennessee Bidco Limited	term loan first lien	$2.6M	$2.6M 100c	S+350 bp PIK 2.00%
Planview Parent, Inc.	term loan second lien	$3.5M	$2.6M 74c	S+575 bp
HP TLE Buyer, Inc.	term loan first lien	$2.6M	$2.6M 100c	S+475 bp
MAI Capital Management Intermediate LLC	term loan first lien	$2.5M	$2.5M 100c	S+475 bp
Legal Spend Holdings, LLC (fka Bottomline Technologies, Inc.)	term loan first lien	$2.5M	$2.5M 100c	S+450 bp
Healthspan Buyer, LLC	term loan first lien	$2.5M	$2.5M 101c	S+475 bp
PetVet Care Centers, LLC	term loan first lien	$2.9M	$2.5M 87c	S+600 bp
Firebird Acquisition Corp, Inc.	term loan first lien	$2.5M	$2.5M 100c	S+225 bp PIK 2.75%
Baker Tilly Advisory Group, LP	term loan first lien	$2.5M	$2.4M 99c	S+475 bp
Ciklum Inc.	term loan first lien	$2.4M	$2.4M 101c	S+700 bp
Healthspan Buyer, LLC	term loan first lien	$2.4M	$2.4M 100c	S+475 bp
DigiCert, Inc.	term loan first lien	$2.4M	$2.4M 100c	S+575 bp
Adelaide Borrower, LLC	term loan first lien	$2.4M	$2.4M 100c	S+600 bp
MRI Software LLC	term loan first lien	$2.4M	$2.3M 99c	S+475 bp
PDI TA Holdings, Inc.	term loan first lien	$2.4M	$2.3M 96c	S+350 bp PIK 2.50%
Cronos Crimson Holdings, Inc. (f/k/a NMC Crimson Holdings, Inc.)	term loan first lien	$2.4M	$2.3M 99c	S+624 bp
USRP Holdings, Inc.	term loan first lien	$2.3M	$2.3M 100c	S+475 bp
HIG Operations Holdings, Inc.	term loan first lien	$2.3M	$2.3M 100c	S+450 bp
CentralSquare Technologies, LLC	term loan first lien	$2.3M	$2.3M 101c	S+575 bp
Bonterra LLC	term loan first lien	$2.2M	$2.2M 98c	S+475 bp
Brave Parent Holdings, Inc.	term loan first lien	$2.2M	$2.1M 97c	S+450 bp

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Registration

Fiscal year end: 1231reported
Incorporated: DEreported
On the SEC BDC report: 2023 to 2026reported
Filings listed: 13reported10-Q and 10-K since 2022
Former names: New Mountain Guardian IV Unlevered BDC, L.L.C.reported
Latest schedule: 0001976719-26-000020reported