The Maryland statutory trust disclosed a $23.37 NAV per share alongside expanded leverage capacity heading into May.

April 28, 2026

New Mountain Private Credit Fund has disclosed the results of its April equity issuance, the declaration of a monthly cash distribution, and an updated snapshot of its balance sheet as of the end of the first quarter, according to a recent regulatory submission.

April Share Issuance

The Maryland statutory trust sold approximately 55,627 common shares of beneficial interest during April 2026, generating roughly $1.3 million in aggregate consideration as part of its ongoing continuous private offering. Each share was priced at $23.37, with the final share count finalized on April 27, 2026. The transaction was completed under exemptions provided by Section 4(a)(2) of the Securities Act of 1933 and Rule 506 of Regulation D.

Monthly Distribution Declared

On April 22, 2026, the company’s Board of Trustees declared a regular cash distribution of $0.19 per share. Shareholders of record as of the open of business on April 30, 2026 will receive the payout, which is scheduled for delivery on or around May 29, 2026. Participants in the company’s distribution reinvestment plan can choose to receive the distribution in cash or have it reinvested in additional shares.

Balance Sheet Snapshot

As of March 31, 2026, the fund’s financial position included the following metrics:

• Net asset value per share: $23.37, matching the offering price
• Aggregate NAV: approximately $961.0 million
• Investment portfolio fair value: approximately $1,984.3 million
• Outstanding debt at principal: approximately $1,056.0 million
• Average debt-to-equity leverage ratio in March: approximately 1.09 times

The fund reported committed debt capacity of about $1,510.0 million, structured entirely as floating rate leverage. Of the drawn amounts, 79% were secured and 21% unsecured. Management noted that certain notes are categorized as floating rate due to interest rate swap arrangements that effectively convert fixed-rate note payments into floating-rate obligations.

Continuing Offering Strategy

New Mountain Private Credit Fund continues to issue shares on a monthly cadence through its private offering and has signaled its intent to maintain that pace. The disclosed offering totals exclude shares issued through the distribution reinvestment plan, meaning the broader share count in circulation may be modestly higher than the headline figure suggests.

Headquartered at 1633 Broadway in New York, the company is registered as an emerging growth company and does not have securities listed on any public exchange. The submission, dated April 27, 2026, was signed by Corporate Secretary Eric Kane, with the earliest event reported dated April 22, 2026.