Opening and Closing Bell on Wall Street
New Mountain Finance Corporation (NYSE-Listed NMFC) visited the NYSE to commemorate the company’s recent IPO. In honor of the occasion, Steven Klinsky, Chairman of New Mountain Finance Corporation and CEO & Founder of New Mountain Capital, joined by New Mountain Finance CEO Robert Hamwee and CFO Adam Weinstein, rang The Opening BellSM.
New Mountain Finance Corporation (NYSE: NMFC):
New Mountain Finance Corporation (NYSE: NMFC), which began trading on May 20, 2011, is a closed-end, non-diversified management investment company. Our investment objective is to generate current income and capital appreciation through investments in debt securities at all levels of the capital structure. Our primary focus is in the debt of high quality, defensive growth companies, which are defined as generally exhibiting the following characteristics: (i) sustainable secular growth drivers, (ii) high barriers to competitive entry, (iii) high free cash flow after capital expenditure and working capital needs, (iv) high returns on assets and (v) opportunities for niche market dominance.