Klinsky Trusts Amend Stake in New Mountain Finance

TL;DR

Klinsky trusts updated their 13D filing for NMFC - ownership details changed.

AI Summary

Steven B. Klinsky, through various trusts including the 2008 Long Term Trust and the 2024 Revocable Trusts, has amended their Schedule 13D filing for New Mountain Finance Corporation as of November 26, 2024. The filing indicates a change in beneficial ownership, with Klinsky and associated entities holding a significant stake in the company. The specific percentage of ownership and any changes in holdings are detailed within the amendment.

Why It Matters

This amendment signals a potential shift in control or influence over New Mountain Finance Corporation, which could impact its strategic direction and shareholder value.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate changes in significant shareholder positions, which can lead to increased volatility or strategic shifts in the company.

Key Players & Entities

• Steven B. Klinsky (person) — Filing party and beneficial owner
• New Mountain Finance Corporation (company) — Subject company
• STEVEN B. KLINSKY 2008 LONG TERM TRUST (company) — Associated trust holding shares
• STEVEN B. KLINSKY 2024 REVOCABLE TRUST (2024 TRUST 1) (company) — Associated trust holding shares
• STEVEN B. KLINSKY 2024 REVOCABLE TRUST (2024 TRUST 2) (company) — Associated trust holding shares
• STEVEN B. KLINSKY NON-GST EXEMPT TRUST (company) — Associated trust holding shares

FAQ

Key Financial Figures

• $0.01 — me of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securiti

Filing Documents

• tm2429551d1_sc13da.htm (SC 13D/A) — 149KB
• 0001104659-24-123179.txt ( ) — 150KB

Security and Issuer

Item 1. Security and Issuer This Amendment No. 13 amends and supplements the statement on Schedule 13D, filed on May 31, 2011, as amended by Amendment No. 1 thereto filed on August 9, 2011, Amendment No. 2 thereto filed on October 3, 2012, Amendment No. 3 thereto filed on October 23, 2012, Amendment No. 4 thereto filed March 28, 2013, Amendment No. 5 thereto filed on June 28, 2013, Amendment No. 6 thereto filed on July 18, 2013, Amendment No. 7 thereto filed on November 1, 2013, Amendment No. 8 thereto filed on February 18, 2014, Amendment No. 9 filed on October 15, 2015, Amendment No. 10 filed on March 4, 2016, Amendment No. 11 filed on November 1, 2019, and Amendment No. 12 filed on June 5, 2020 (collectively, the “Schedule 13D”), initially filed by New Mountain Investments III, L.L.C., a Delaware limited liability company, New Mountain Guardian AIV, L.P., a Delaware limited partnership, New Mountain Finance AIV Holdings Corporation, a Delaware corporation (“AIV Holdings”), New Mountain Guardian Partners, L.P. , a Delaware limited partnership (“Guardian Partners”), New Mountain Guardian GP, L.L.C., a Delaware limited liability company (“Guardian GP”), Steven B. Klinsky, the Steven B. Klinsky Trust, the Steven B. Klinsky Non-GST Exempt Trust, and Adam J. Collins with respect to the common stock, par value $0.01 per share (“Common Stock”), of New Mountain Finance Corporation, a Delaware corporation (the “Issuer”). Capitalized terms used herein but not defined shall have the meanings ascribed thereto in the Schedule 13D. Except as herein amended or supplemented, all other information in the Schedule 13D is as set forth therein. The address of the principal executive offices of the Issuer is 1633 Broadway, 48 th Floor, New York, NY 10019.

Identity and Background

Item 2. Identity and Background Items 2(a) – (f) of Schedule 13D are hereby amended and restated in their entirety as follows: (a) - (c) and (f). This Statement is being filed by Steven B. Klinsky, the Steven B. Klinsky 2008 Long Term Trust (the “2008 Trust”), the Steven B. Klinsky Non-GST Exempt Trust (the “Exempt Trust”), the Steven B. Klinsky 2024 Revocable Trust (the “2024 Trust 1”), the Steven B. Klinsky 2024 Revocable Trust (the “2024 Trust 2”), and Adam B. Weinstein (collectively, the “Reporting Persons”). 1 Mr. Klinsky is principally engaged in the business of serving as the Chief Executive Officer of New Mountain Capital Group L.P. (“New Mountain Capital”) and is the Chairman of the Board of Directors of the Issuer. Mr. Klinsky is a citizen of the United States of America. Each of the 2008 Trust, the Exempt Trust, the 2024 Trust 1, and the 2024 Trust 2 is a New York trust. Mr. Klinsky is the investment trustee and Maureen Ann Sherry Klinsky is the trustee of the 2008 Trust and the Exempt Trust. Mr. Klinsky is the trustee of the 2024 Trust 1 and the 2024 Trust 2. 1 Neither the present filing nor anything contained herein shall be construed as an admission that (i) any Reporting Person constitutes a “person” for any purposes other than Section 13(d) of the Act, (ii) any of the Reporting Persons are, for purposes of Section 13(d) or Section 16 of the Act or otherwise, a member of a group, or (iii) any of the Reporting Persons are, for the purposes of Sections 13(d) of the Act, the beneficial owner of any securities other than securities directly owned by such Reporting Persons. Mr. Weinstein is a Managing Director of New Mountain Capital and is a citizen of the United States of America. The principal business address of each of the Reporting Persons is 1633 Broadway, 48 th Floor, New York, NY 10019. The Reporting Persons have entered into a joint filing agreemen

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration.

of the Schedule 13D is hereby amended to

Item 3 of the Schedule 13D is hereby amended to add the following: Since June 5, 2020 through November 25, 2024, Steven B. Klinsky, the 2008 Trust, the Exempt Trust, the 2024 Trust 1, and the 2024 Trust 2 acquired, either in open market purchases or through the Issuer’s dividend reinvestment plan, an aggregate of 1,719,077.26 shares of the Issuer’s Common Stock using Mr. Klinsky personal funds, which were not borrowed or otherwise obtained for the purpose of acquiring the Issuer’s Common Stock. Since June 5, 2020 through November 25, 2024, Adam B. Weinstein acquired, either in open market purchases or through the Issuer’s dividend reinvestment plan, an aggregate of 313,376.50 shares of the Issuer’s Common Stock using Mr. Weinstein’s personal funds, which were not borrowed or otherwise obtained for the purpose of acquiring the Issuer’s Common Stock.

Purpose of Transaction

Item 4. Purpose of Transaction.

of the Schedule 13D is hereby amended to

Item 4 of the Schedule 13D is hereby amended to add the following: Mr. Klinsky, the 2008 Trust, the Exempt Trust, the 2024 Trust 1, the 2024 Trust 2, and Mr. Weinstein purchased the shares of Common Stock based on the belief that the shares of Common Stock, when purchased, represented an attractive investment opportunity.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer Items 5(a) – 5(e) of the Schedule 13D are hereby amended and restated in their entirety as follows: (a) The aggregate number and percentage of the class of securities identified pursuant to Item 1 beneficially owned by each Reporting Person is stated in Items 11 and 13 on the cover page(s) hereto . (b) The number of shares as to which the Reporting Person has sole power to vote or dispose of is stated in Items 7 and 9 on the cover page(s) hereto. (c) Other than the open market purchases of the shares of the Issuer’s Common Stock by Mr. Weinstein and Mr. Klinsky described below, there have been no transactions in the Issuer’s Common Stock effected by the Reporting Persons during the past 60 days. Name of Purchaser Date Number of Shares Price Per Share Aggregate Purchase Price 2024 Trust 1 November 22, 2024 24,480 $ 11.7102 $ 286,665.696 Steven B. Klinsky 2008 Long Term Trust November 22, 2024 12,241 $ 11.7102 $ 143,344.5582 2024 Trust 1 November 21, 2024 36,118 $ 11.5872 $ 418,506.4896 Steven B. Klinsky 2008 Long Term Trust November 21, 2024 18,059 $ 11.5872 $ 209,253.2448 2024 Trust 1 November 20, 2024 23,245 $ 11.5084 $ 267,512.758 Steven B. Klinsky 2008 Long Term Trust November 20, 2024 11,622 $ 11.5084 $ 133,750.6248 2024 Trust 1 November 19, 2024 36,541 $ 11.6271 $ 424,865.8611 Steven B. Klinsky 2008 Long Term Trust November 19, 2024 18,270 $ 11.6271 $ 212,427.117 2024 Trust 1 November 18, 2024 30,307 $ 11.5214 $ 349,179.0698 Steven B. Klinsky 2008 Long Term Trust November 18, 2024 15,154 $ 11.5214 $ 174,595.2956 2024 Trust 1 November 15, 2024 34,505 $ 11.5572 $ 398,781.186 Steven B. Klinsky 2008 Long Term Trust November 15, 2024 17,253 $ 11.5572 $ 199,396.3716 2024 Trust 1 November 14, 2024 30,167 $ 11.5523 $ 348,498.2341

View Full Filing

View this SC 13D/A filing on SEC EDGAR