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New Mountain Finance Sells $477M Amid Credit Concerns

2/26/2026

30 3 Full Breakdown

Summary

Story summary

New Mountain Finance sold US$477 million in assets to diversify its portfolio amid private credit concerns.
The private credit market is valued at US$1.8 trillion.
Blue Owl Capital halted fund withdrawals, causing a US$2.4 billion drop in market value.
UBS projects 15% private credit defaults, and New Mountain's NAV per share fell to US$11.52, prompting a dividend cut from US$0.32 to US$0.25.

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Story summary

New Mountain Finance sold US$477 million in assets to diversify its portfolio amid private credit concerns.
The private credit market is valued at US$1.8 trillion.
Blue Owl Capital halted fund withdrawals, causing a US$2.4 billion drop in market value.
UBS projects 15% private credit defaults, and New Mountain's NAV per share fell to US$11.52, prompting a dividend cut from US$0.32 to US$0.25.