{"url_path":"/sec/cik-0001925531/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-12","source_url":"https://www.sec.gov/Archives/edgar/data/1925531/0001925531-26-000010-index.html","accession_number":"0001925531-26-000010","cik":"0001925531","ticker":null,"issuer_name":"New Mountain Guardian IV BDC, L.L.C.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1925531/0001925531-26-000010-index.html","primary_entity_key":"0001925531","primary_entity_name":"New Mountain Guardian IV BDC, L.L.C."},"word_count":6643,"has_tables":true,"body_markdown":"nmg4-20260331\n0001925531FALSE--12-312026Q111xbrli:sharesiso4217:USDiso4217:USDxbrli:sharesxbrli:pureiso4217:EURnmg4:investmentiso4217:GBPnmg4:componentnmg4:segment00019255312026-01-012026-03-3100019255312026-05-1200019255312026-03-3100019255312025-12-310001925531nmg4:WellsCreditFacilityMember2026-03-310001925531nmg4:WellsCreditFacilityMember2025-12-310001925531nmg4:UBSCreditFacilityMember2026-03-310001925531nmg4:UBSCreditFacilityMember2025-12-310001925531srt:AffiliatedEntityMember2026-03-310001925531srt:AffiliatedEntityMember2025-12-310001925531us-gaap:NonrelatedPartyMember2026-03-310001925531us-gaap:NonrelatedPartyMember2025-12-3100019255312025-01-012025-03-3100019255312024-12-3100019255312025-03-310001925531nmg4:InvestmentsIncludingDelayedDrawFacilitiesMember2026-01-012026-03-310001925531nmg4:InvestmentsIncludingDelayedDrawFacilitiesMember2025-01-012025-03-310001925531nmg4:InvestmentsExcludingDrawnRevolversMember2026-01-012026-03-310001925531nmg4:InvestmentsExcludingDrawnRevolversMember2025-01-012025-03-310001925531nmg4:DrawnRevolvingCreditFacilitiesMember2026-01-012026-03-310001925531nmg4:DrawnRevolvingCreditFacilitiesMember2025-01-012025-03-310001925531nmg4:DrawnRevolversMember2026-01-012026-03-310001925531nmg4:DrawnRevolversMember2025-01-012025-03-310001925531nmg4:BMOSubscriptionLineMember2026-01-012026-03-310001925531nmg4:BMOSubscriptionLineMember2025-01-012025-03-310001925531nmg4:UBSCreditFacilityMember2026-01-012026-03-310001925531nmg4:UBSCreditFacilityMember2025-01-012025-03-310001925531nmg4:WellsCreditFacilityMember2026-01-012026-03-310001925531nmg4:WellsCreditFacilityMember2025-01-012025-03-310001925531Wealth Enhancement Group, LLC | First Lien 12026-03-310001925531Wealth Enhancement Group, LLC | First Lien 22026-03-310001925531Wealth Enhancement Group, LLC | First Lien 32026-03-310001925531Wealth Enhancement Group, LLC | Subordinated2026-03-310001925531Wealth Enhancement Group, LLC | First Lien - Drawn2026-03-310001925531Wealth Enhancement Group, LLC | First Lien 42026-03-310001925531Wealth Enhancement Group, LLC | First Lien 52026-03-310001925531Wealth Enhancement Group, LLC | First Lien 62026-03-310001925531nmg4:WealthEnhancementGroupLLCMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531Viper Bidco, Inc. | First Lien2026-03-310001925531NC Topco, LLC | First Lien 12026-03-310001925531NC Topco, LLC | First Lien 22026-03-310001925531nmg4:NCTopcoLLCMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531Coupa Holdings, LLC | First Lien2026-03-310001925531Anaplan, Inc. | First Lien 12026-03-310001925531Anaplan, Inc. | First Lien 22026-03-310001925531nmg4:AnaplanInc.Membernmg4:FundedDebtSecuritiesMember2026-03-310001925531OEConnection LLC | First Lien2026-03-310001925531Healthspan Buyer, LLC | First Lien 12026-03-310001925531Healthspan Buyer, LLC | First Lien 22026-03-310001925531Healthspan Buyer, LLC | First Lien 32026-03-310001925531Healthspan Buyer, LLC | First Lien 42026-03-310001925531Healthspan Buyer, LLC | First Lien 52026-03-310001925531Healthspan Buyer, LLC | First Lien 62026-03-310001925531nmg4:HealthspanBuyerLLCMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531MAI Capital Management Intermediate LLC | First Lien 12026-03-310001925531MAI Capital Management Intermediate LLC | First Lien 22026-03-310001925531MAI Capital Management Intermediate LLC | First Lien - Drawn2026-03-310001925531nmg4:MAICapitalManagementIntermediateLLCMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531Associations, Inc. | First Lien2026-03-310001925531Associations, Inc. | Subordinated 12026-03-310001925531Associations, Inc. | Subordinated 22026-03-310001925531Associations, Inc. | First Lien - Drawn2026-03-310001925531nmg4:AssociationsInc.Membernmg4:FundedDebtSecuritiesMember2026-03-310001925531Jeppesen Holdings, LLC | First Lien 12026-03-310001925531Businessolver.com, Inc. | First Lien 12026-03-310001925531Businessolver.com, Inc. | First Lien 22026-03-310001925531Businessolver.com, Inc. | First Lien 32026-03-310001925531nmg4:Businessolver.comInc.Membernmg4:FundedDebtSecuritiesMember2026-03-310001925531Vessco Midco Holdings, LLC | First Lien 12026-03-310001925531Vessco Midco Holdings, LLC | First Lien 22026-03-310001925531Vessco Midco Holdings, LLC | First Lien 32026-03-310001925531Vessco Midco Holdings, LLC | First Lien 42026-03-310001925531nmg4:VesscoMidcoHoldingsLLCMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531PPV Intermediate Holdings, LLC | First Lien 12026-03-310001925531PPV Intermediate Holdings, LLC | First Lien 22026-03-310001925531PPV Intermediate Holdings, LLC | First Lien 32026-03-310001925531PPV Intermediate Holdings, LLC | First Lien - Drawn2026-03-310001925531nmg4:PPVIntermediateHoldingsLLCMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531Einstein Parent, Inc. | First Lien2026-03-310001925531Safety Borrower Holdings LLC | First Lien2026-03-310001925531Safety Borrower Holdings LLC | First Lien - Drawn2026-03-310001925531nmg4:SafetyBorrowerHoldingsLLCMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531Meta Buyer LLC | First Lien 12026-03-310001925531Meta Buyer LLC | First Lien 22026-03-310001925531Meta Buyer LLC | First Lien - Drawn2026-03-310001925531nmg4:MetaBuyerLLCMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531AAH Topco, LLC | First Lien2026-03-310001925531AAH Topco, LLC | First Lien - Drawn2026-03-310001925531nmg4:AAHTopcoLLCMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531Model N, Inc. | First Lien2026-03-310001925531Pike Corporation | First Lien2026-03-310001925531Acumatica Holdings, Inc. | First Lien2026-03-310001925531Diamondback Acquisition, Inc. | First Lien2026-03-310001925531Diamondback Acquisition, Inc. | First Lien - Drawn2026-03-310001925531nmg4:DiamondbackAcquisitionInc.Membernmg4:FundedDebtSecuritiesMember2026-03-310001925531IG Investments Holdings, LLC | First Lien2026-03-310001925531Runway Bidco, LLC | First Lien2026-03-310001925531HIG Operations Holdings, Inc. | First Lien 12026-03-310001925531HIG Operations Holdings, Inc. | First Lien 22026-03-310001925531HIG Operations Holdings, Inc. | First Lien 32026-03-310001925531nmg4:HIGOperationsHoldingsInc.Membernmg4:FundedDebtSecuritiesMember2026-03-310001925531Superman Holdings, LLC | First Lien 12026-03-310001925531Superman Holdings, LLC | First Lien 22026-03-310001925531nmg4:SupermanHoldingsLLCMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531USRP Holdings, Inc. | First Lien 12026-03-310001925531USRP Holdings, Inc. | First Lien 22026-03-310001925531USRP Holdings, Inc. | First Lien - Drawn2026-03-310001925531USRP Holdings, Inc. | First Lien 32026-03-310001925531nmg4:USRPHoldingsInc.Membernmg4:FundedDebtSecuritiesMember2026-03-310001925531Pioneer Buyer I, LLC | First Lien 12026-03-310001925531Pioneer Buyer I, LLC | First Lien 22026-03-310001925531nmg4:PioneerBuyerILLCMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531Maverick Bidco Inc. | First Lien 2026-03-310001925531Brave Parent Holdings, Inc. | First Lien 12026-03-310001925531Brave Parent Holdings, Inc. | First Lien 22026-03-310001925531Brave Parent Holdings, Inc. | First Lien 32026-03-310001925531nmg4:BraveParentHoldingsInc.Membernmg4:FundedDebtSecuritiesMember2026-03-310001925531Vehlo Purchaser, LLC | First Lien 12026-03-310001925531Vehlo Purchaser, LLC | First Lien 22026-03-310001925531nmg4:VehloPurchaserLLCMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531Bullhorn, Inc. | First Lien 12026-03-310001925531Bullhorn, Inc. | First Lien 22026-03-310001925531Bullhorn, Inc. | First Lien 32026-03-310001925531Bullhorn, Inc. | First Lien 42026-03-310001925531Bullhorn, Inc. | First Lien 52026-03-310001925531Bullhorn, Inc. | First Lien 62026-03-310001925531Bullhorn, Inc. | First Lien 72026-03-310001925531Bullhorn, Inc. | First Lien - Drawn2026-03-310001925531nmg4:BullhornInc.Membernmg4:FundedDebtSecuritiesMember2026-03-310001925531Legal Spend Holdings, LLC (fka Bottomline Technologies, Inc.) | First Lien 12026-03-310001925531Legal Spend Holdings, LLC (fka Bottomline Technologies, Inc.) | First Lien 22026-03-310001925531nmg4:LegalSpendHoldingsLLCFkaBottomlineTechnologiesInc.Membernmg4:FundedDebtSecuritiesMember2026-03-310001925531Baker Tilly Advisory Group, LP | First Lien 12026-03-310001925531Baker Tilly Advisory Group, LP | First Lien 22026-03-310001925531Baker Tilly Advisory Group, LP | First Lien 32026-03-310001925531Baker Tilly Advisory Group, LP | First Lien 42026-03-310001925531nmg4:BakerTillyAdvisoryGroupLPMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531YLG Holdings, Inc. | First Lien2026-03-310001925531YLG Holdings, Inc. | First Lien - Drawn2026-03-310001925531nmg4:YLGHoldingsInc.Membernmg4:FundedDebtSecuritiesMember2026-03-310001925531GC Waves Holdings, Inc. | First Lien 12026-03-310001925531GC Waves Holdings, Inc. | First Lien 22026-03-310001925531GC Waves Holdings, Inc. | First Lien 32026-03-310001925531nmg4:GCWavesHoldingsInc.Membernmg4:FundedDebtSecuritiesMember2026-03-310001925531Alegeus Technologies Holdings Corp | First Lien2026-03-310001925531MRI Software LLC. | First Lien 12026-03-310001925531MRI Software LLC | First Lien 22026-03-310001925531MRI Software LLC | First Lien 32026-03-310001925531MRI Software LLC | First Lien - Drawn 12026-03-310001925531MRI Software LLC | First Lien - Drawn 22026-03-310001925531nmg4:MRISoftwareLLCMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531iCIMS, Inc. | First Lien 12026-03-310001925531iCIMS, Inc. | First Lien 22026-03-310001925531iCIMS, Inc. | First Lien - Drawn2026-03-310001925531nmg4:ICIMSIncMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531CentralSquare Technologies, LLC | First Lien2026-03-310001925531GHX Ultimate Parent Corporation | First Lien 12026-03-310001925531GHX Ultimate Parent Corporation | First Lien 22026-03-310001925531nmg4:GHXUltimateParentCorporationMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531Asurion, LLC | First Lien2026-03-310001925531Allworth Financial Group, L.P | First Lien2026-03-310001925531Allworth Financial Group, L.P | First Lien - Drawn 2026-03-310001925531nmg4:AllworthFinancialGroupL.P.Membernmg4:FundedDebtSecuritiesMember2026-03-310001925531Eclipse Buyer, Inc. | First Lien2026-03-310001925531Houghton Mifflin Harcourt Company | First Lien 12026-03-310001925531Houghton Mifflin Harcourt Company | First Lien 22026-03-310001925531nmg4:HoughtonMifflinHarcourtCompanyMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531Legends Hospitality Holding Company, LLC | First Lien 12026-03-310001925531Legends Hospitality Holding Company, LLC | First Lien - Drawn2026-03-310001925531Legends Hospitality Holding Company, LLC | First Lien 22026-03-310001925531nmg4:LegendsHospitalityHoldingCompanyLLCMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531PetVet Care Centers, LLC | First Lien2026-03-310001925531PetVet Care Centers, LLC | First Lien - Drawn2026-03-310001925531nmg4:PetVetCareCentersLLCMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531OB Hospitalist Group, Inc. | First Lien 12026-03-310001925531OB Hospitalist Group, Inc. | First Lien 22026-03-310001925531nmg4:OBHospitalistGroupInc.Membernmg4:FundedDebtSecuritiesMember2026-03-310001925531IEM New Sub 2, LLC | First Lien2026-03-310001925531Al Altius US Bidco, Inc. | First Lien 12026-03-310001925531Al Altius US Bidco, Inc. | First Lien 22026-03-310001925531nmg4:AlAltiusUSBidcoInc.Membernmg4:FundedDebtSecuritiesMember2026-03-310001925531Victors Purchaser, LLC | First Lien2026-03-310001925531Sierra Enterprises, LLC | First Lien2026-03-310001925531Foundational Education Group, Inc. | Second Lien2026-03-310001925531Foundational Education Group, Inc. | First Lien2026-03-310001925531nmg4:FoundationalEducationGroupInc.Membernmg4:FundedDebtSecuritiesMember2026-03-310001925531Fetch, Inc. | First Lien2026-03-310001925531Firebird Acquisition Corp, Inc. | First Lien2026-03-310001925531Firebird Acquisition Corp, Inc.| First Lien - Drawn2026-03-310001925531nmg4:FirebirdAcquisitionCorpInc.Membernmg4:FundedDebtSecuritiesMember2026-03-310001925531Diligent Corporation | First Lien 12026-03-310001925531Diligent Corporation | First Lien 22026-03-310001925531Diligent Corporation | First Lien - Drawn2026-03-310001925531nmg4:DiligentCorporationMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531Low Voltage Holdings Inc. | First Lien 12026-03-310001925531Low Voltage Holdings Inc. | First Lien 22026-03-310001925531nmg4:LowVoltageHoldingsInc.Membernmg4:FundedDebtSecuritiesMember2026-03-310001925531Icefall Parent, Inc. | First Lien 12026-03-310001925531Icefall Parent, Inc. | First Lien 22026-03-310001925531nmg4:IcefallParentIncMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531CoreTrust Purchasing Group LLC | First Lien 12026-03-310001925531CoreTrust Purchasing Group LLC | First Lien 22026-03-310001925531CoreTrust Purchasing Group LLC | First Lien 32026-03-310001925531nmg4:CoreTrustPurchasingGroupLLCMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531Vamos Bidco, Inc. | First Lien2026-03-310001925531Bonterra LLC | First Lien 12026-03-310001925531Bonterra LLC | First Lien - Drawn 12026-03-310001925531Bonterra LLC | First Lien 22026-03-310001925531Bonterra LLC | First Lien - Drawn 22026-03-310001925531nmg4:BonterraLLCMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531Xactly Corporation | First Lien2026-03-310001925531ComPsych Investments Corp. | First Lien2026-03-310001925531PROS Parent, Inc. | First Lien2026-03-310001925531Lighthouse Buyer, Inc. | First Lien2026-03-310001925531Trinity Air Consultants Holdings Corporation | First Lien 12026-03-310001925531Trinity Air Consultants Holdings Corporation | First Lien 22026-03-310001925531nmg4:TrinityAirConsultantsHoldingsCorporationMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531HP TLE Buyer, Inc. | First Lien2026-03-310001925531Foreside Financial Group, LLC | First Lien 12026-03-310001925531Foreside Financial Group, LLC | First Lien 22026-03-310001925531Foreside Financial Group, LLC | First Lien 32026-03-310001925531Foreside Financial Group, LLC | First Lien 42026-03-310001925531Foreside Financial Group, LLC | First Lien 52026-03-310001925531Foreside Financial Group, LLC | First Lien - Drawn2026-03-310001925531nmg4:ForesideFinancialGroupLLCMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531RLG Holdings, LLC | First Lien 12026-03-310001925531RLG Holdings, LLC | First Lien 22026-03-310001925531RLG Holdings, LLC | Second Lien2026-03-310001925531RLG Holdings, LLC | First Lien 32026-03-310001925531nmg4:RLGHoldingsLLCMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531Tempo Acquisition, LLC | First Lien2026-03-310001925531DigiCert, Inc. | First Lien2026-03-310001925531Planview Parent, Inc. | Second Lien2026-03-310001925531Planview Parent, Inc. | First Lien2026-03-310001925531nmg4:PlanviewParentInc.Membernmg4:FundedDebtSecuritiesMember2026-03-310001925531MedX Holdings, LLC | First Lien2026-03-310001925531MedX Holdings, LLC | First Lien - Drawn2026-03-310001925531nmg4:MedXHoldingsLLCMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531Nexus Buyer LLC | Second Lien2026-03-310001925531DG Investment Intermediate Holdings 2, Inc. | Second Lien2026-03-310001925531GS Acquisitionco, Inc. | First Lien 12026-03-310001925531GS Acquisitionco, Inc. | First Lien 22026-03-310001925531GS Acquisitionco, Inc. | First Lien - Drawn2026-03-310001925531GS Acquisitionco, Inc. | First Lien 32026-03-310001925531nmg4:GSAcquisitioncoInc.Membernmg4:FundedDebtSecuritiesMember2026-03-310001925531PDI TA Holdings, Inc. | First Lien 12026-03-310001925531PDI TA Holdings, Inc. | First Lien 22026-03-310001925531PDI TA Holdings, Inc. | First Lien - Drawn2026-03-310001925531nmg4:PDITAHoldingsInc.Membernmg4:FundedDebtSecuritiesMember2026-03-310001925531FS WhiteWater Borrower, LLC | First Lien 12026-03-310001925531FS WhiteWater Borrower, LLC | First Lien 22026-03-310001925531FS WhiteWater Borrower, LLC | First Lien - Drawn2026-03-310001925531nmg4:FSWhiteWaterBorrowerLLCMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531Jawbreaker Parent, Inc. | First Lien2026-03-310001925531Bluefin Holding, LLC | First Lien2026-03-310001925531Arrow Borrower 2025, Inc. | First Lien2026-03-310001925531Databricks, Inc. | First Lien2026-03-310001925531LSCS Holdings, Inc. | First Lien2026-03-310001925531Optimizely North America Inc. | First Lien2026-03-310001925531Wrench Group LLC | First Lien2026-03-310001925531Panzura, LLC | First Lien2026-03-310001925531Community Management Holdings MidCo 2, LLC | First Lien 12026-03-310001925531Community Management Holdings MidCo 2, LLC | First Lien - Drawn 12026-03-310001925531Community Management Holdings MidCo 2, LLC | First Lien 22026-03-310001925531Community Management Holdings MidCo 2, LLC | First Lien - Drawn 22026-03-310001925531nmg4:CommunityManagementHoldingsMidCo2LLCMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531Rithum Holdings, Inc. (fka CommerceHub, Inc.) | First Lien2026-03-310001925531PDQ.com Corporation | First Lien 12026-03-310001925531PDQ.com Corporation | First Lien 22026-03-310001925531PDQ.com Corporation | First Lien 32026-03-310001925531nmg4:PDQ.COMCorporationMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531Beacon Pointe Harmony, LLC | First Lien2026-03-310001925531Archduke Buyer, Inc. | First Lien2026-03-310001925531Packaging Coordinators Midco, Inc. | First Lien 12026-03-310001925531Packaging Coordinators Midco, Inc. | First Lien 22026-03-310001925531Packaging Coordinators Midco, Inc. | First Lien 32026-03-310001925531Packaging Coordinators Midco, Inc. | First Lien - Drawn2026-03-310001925531nmg4:PackagingCoordinatorsMidcoInc.Membernmg4:FundedDebtSecuritiesMember2026-03-310001925531Galway Borrower LLC | First Lien 12026-03-310001925531Galway Borrower LLC | First Lien 22026-03-310001925531Galway Borrower LLC | First Lien 32026-03-310001925531Galway Borrower LLC | First Lien - Drawn2026-03-310001925531nmg4:GalwayBorrowerLLCMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531CRCI Longhorn Holdings, Inc. | First Lien2026-03-310001925531RailPros Parent, LLC | First Lien2026-03-310001925531RailPros Parent, LLC | First Lien - Drawn2026-03-310001925531nmg4:RailProsParentLLCMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531Fullsteam Operations LLC | First Lien2026-03-310001925531Cloudera, Inc. | Second Lien2026-03-310001925531Greenway Health, LLC | First Lien2026-03-310001925531The Ultimus Group Midco, LLC | First Lien2026-03-310001925531Zest Acquisition Corp. | First Lien2026-03-310001925531Javelin Buyer, Inc. | Second Lien2026-03-310001925531Infogain Corporation | Subordinated2026-03-310001925531Infogain Corporation | First Lien2026-03-310001925531nmg4:InfogainCorporationMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531Project Accelerate Parent, LLC | First Lien2026-03-310001925531Radwell Parent, LLC | First Lien2026-03-310001925531Radwell Parent, LLC | First Lien - Drawn2026-03-310001925531nmg4:RadwellParentLLCMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531Smile Doctors LLC | First Lien 12026-03-310001925531Smile Doctors LLC | First Lien 22026-03-310001925531Smile Doctors LLC | First Lien 32026-03-310001925531nmg4:SmileDoctorsLLCMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531Next Holdco, LLC | First Lien2026-03-310001925531Cronos Crimson Holdings, Inc. (f/k/a NMC Crimson Holdings, Inc.) | First Lien2026-03-310001925531TigerConnect, Inc. | First Lien 12026-03-310001925531TigerConnect, Inc. | First Lien 22026-03-310001925531TigerConnect, Inc. | First Lien 32026-03-310001925531nmg4:TigerConnectInc.Membernmg4:FundedDebtSecuritiesMember2026-03-310001925531Centegix Intermediate II, LLC | First Lien 12026-03-310001925531Centegix Intermediate II, LLC | First Lien 22026-03-310001925531Centegix Intermediate II, LLC | First Lien 32026-03-310001925531Centegix Intermediate II, LLC | First Lien 42026-03-310001925531nmg4:CentegixIntermediateIILLCMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531Pathway Vet Alliance LLC | First Lien2026-03-310001925531LogRhythm, Inc. | First Lien2026-03-310001925531KENG Acquisition, Inc. | First Lien 12026-03-310001925531KENG Acquisition, Inc. | First Lien 22026-03-310001925531KENG Acquisition, Inc. | First Lien 32026-03-310001925531KENG Acquisition, Inc. | First Lien - Drawn2026-03-310001925531nmg4:KENGAcquisitionInc.Membernmg4:FundedDebtSecuritiesMember2026-03-310001925531DT1 Midco Corp. | First Lien 12026-03-310001925531DT1 Midco Corp. | First Lien 22026-03-310001925531DT1 Midco Corp. | First Lien - Drawn2026-03-310001925531nmg4:DT1MidcoCorp.Membernmg4:FundedDebtSecuritiesMember2026-03-310001925531Fortis Solutions Group, LLC | First Lien 12026-03-310001925531Fortis Solutions Group, LLC | First Lien 22026-03-310001925531Fortis Solutions Group, LLC | First Lien 32026-03-310001925531nmg4:FortisSolutionsGroupLLCMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531Zone Climate Services, Inc. | First Lien 12026-03-310001925531Zone Climate Services, Inc. | First Lien 22026-03-310001925531Zone Climate Services, Inc. | First Lien - Drawn2026-03-310001925531nmg4:ZoneClimateServicesInc.Membernmg4:FundedDebtSecuritiesMember2026-03-310001925531Capstone Borrower, Inc. | First Lien2026-03-310001925531KPSKY Acquisition Inc. | First Lien 12026-03-310001925531KPSKY Acquisition Inc. | First Lien 22026-03-310001925531nmg4:KPSKYAcquisitionInc.Membernmg4:FundedDebtSecuritiesMember2026-03-310001925531DOCS, MSO, LLC | First Lien2026-03-310001925531Kele Holdco, Inc. | First Lien 12026-03-310001925531Kele Holdco, Inc. | First Lien 22026-03-310001925531Kele Holdco, Inc. | First Lien - Drawn2026-03-310001925531nmg4:KeleHoldcoInc.Membernmg4:FundedDebtSecuritiesMember2026-03-310001925531RealPage, Inc. | First Lien2026-03-310001925531Daxko Acquisition Corporation | First Lien - Drawn2026-03-310001925531KWOR Acquisition, Inc. | Subordinated2026-03-310001925531KWOR Acquisition, Inc. | First Lien2026-03-310001925531nmg4:KWORAcquisitionInc.Membernmg4:FundedDebtSecuritiesMember2026-03-310001925531Riskonnect Parent, LLC | First Lien2026-03-310001925531country:USnmg4:FundedDebtSecuritiesMemberus-gaap:InvestmentUnaffiliatedIssuerMember2026-03-310001925531Ciklum Inc. | First Lien 12026-03-310001925531Ciklum Inc. | First Lien 22026-03-310001925531nmg4:CiklumInc.Membernmg4:FundedDebtSecuritiesMember2026-03-310001925531Accelya Lux Finco S.a r.l. | First Lien2026-03-310001925531Cleanova US Holdings, LLC | First Lien2026-03-310001925531country:GBnmg4:FundedDebtSecuritiesMemberus-gaap:InvestmentUnaffiliatedIssuerMember2026-03-310001925531Datheos Bidco | First Lien2026-03-310001925531country:FRnmg4:FundedDebtSecuritiesMemberus-gaap:InvestmentUnaffiliatedIssuerMember2026-03-310001925531Atlas AU Bidco Pty Ltd | First Lien 12026-03-310001925531Atlas AU Bidco Pty Ltd | First Lien 22026-03-310001925531Atlas AU Bidco Pty Ltd | First Lien 32026-03-310001925531nmg4:AtlasAUBidcoPtyLtdMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531Adelaide Borrower, LLC | First Lien2026-03-310001925531Adelaide Borrower, LLC | First Lien - Drawn2026-03-310001925531nmg4:AdelaideBorrowerLLCMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531country:AUnmg4:FundedDebtSecuritiesMemberus-gaap:InvestmentUnaffiliatedIssuerMember2026-03-310001925531Tennessee Bidco Limited | First Lien 12026-03-310001925531Tennessee Bidco Limited | First Lien 22026-03-310001925531nmg4:TennesseeBidcoLimitedMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531country:JEnmg4:FundedDebtSecuritiesMemberus-gaap:InvestmentUnaffiliatedIssuerMember2026-03-310001925531Matterhorn Finco, Inc. | First Lien2026-03-310001925531country:CHnmg4:FundedDebtSecuritiesMemberus-gaap:InvestmentUnaffiliatedIssuerMember2026-03-310001925531Ivy Hill Middle Market Credit Fund, Ltd | Structured Finance Obligations2026-03-310001925531country:USnmg4:StructuredFinanceObligationsMemberus-gaap:InvestmentUnaffiliatedIssuerMember2026-03-310001925531us-gaap:InvestmentUnaffiliatedIssuerMembernmg4:FundedDebtSecuritiesMember2026-03-310001925531HIG Intermediate, Inc. | Series A preferred shares2026-03-310001925531Portage Point Partners, LP | Preferred shares2026-03-310001925531Portage Point Partners, LP | Class B common units2026-03-310001925531nmg4:PortagePointPartnersLPMemberus-gaap:EquitySecuritiesMember2026-03-310001925531Eclipse Topco, Inc. | Preferred shares2026-03-310001925531Jawbreaker Topco, L.P. | Class A-1 common units 2026-03-310001925531Knockout Intermediate Holdings I Inc. | Preferred shares2026-03-310001925531KWOR Intermediate I, LLC | Preferred shares2026-03-310001925531KWOR Intermediate I, LLC | Class A-1 common units2026-03-310001925531nmg4:KWORIntermediateILLCMemberus-gaap:EquitySecuritiesMember2026-03-310001925531FS WhiteWater Holdings, LLC | Class B preferred units2026-03-310001925531Panzura Holdings, LLC | Class N-3 common units2026-03-310001925531country:USus-gaap:EquitySecuritiesMemberus-gaap:InvestmentUnaffiliatedIssuerMember2026-03-310001925531us-gaap:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2026-03-310001925531us-gaap:InvestmentUnaffiliatedIssuerMembernmg4:FundedSecuritiesMember2026-03-310001925531FS WhiteWater Borrower, LLC | First Lien - Undrawn 12026-03-310001925531FS WhiteWater Borrower, LLC | First Lien - Undrawn 22026-03-310001925531nmg4:FSWhiteWaterBorrowerLLCMembernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531Associations Finance, Inc. | First Lien - Undrawn 12026-03-310001925531Associations Finance, Inc. | First Lien - Undrawn 22026-03-310001925531nmg4:AssociationsFinanceInc.Membernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531WEG Sub Intermediate Holdings, LLC | First Lien - Undrawn 12026-03-310001925531WEG Sub Intermediate Holdings, LLC | First Lien - Undrawn 22026-03-310001925531nmg4:WEGSubIntermediateHoldingsLLCMembernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531KWOR Acquisition, Inc. | First Lien - Undrawn 12026-03-310001925531KWOR Acquisition, Inc. | First Lien - Undrawn 22026-03-310001925531nmg4:KWORAcquisitionInc.Membernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531HIG Operations Holdings, Inc. | First Lien - Undrawn2026-03-310001925531Project Accelerate Parent, LLC | First Lien - Undrawn2026-03-310001925531Firebird Acquisition Corp, Inc. | First Lien - Undrawn 12026-03-310001925531Firebird Acquisition Corp, Inc. | First Lien - Undrawn 22026-03-310001925531nmg4:FirebirdAcquisitionCorpInc.Membernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531AAH Topco, LLC | First Lien - Undrawn2026-03-310001925531Allworth Financial Group, L.P. | First Lien - Undrawn 12026-03-310001925531Allworth Financial Group, L.P. | First Lien - Undrawn 22026-03-310001925531nmg4:AllworthFinancialGroupL.P.Membernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531Bullhorn, Inc. | First Lien - Undrawn 12026-03-310001925531Bullhorn, Inc. | First Lien - Undrawn 22026-03-310001925531nmg4:BullhornInc.Membernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531Community Management Holdings MidCo 2, LLC | First Lien - Undrawn 12026-03-310001925531Community Management Holdings MidCo 2, LLC | First Lien - Undrawn 22026-03-310001925531nmg4:CommunityManagementHoldingsMidCo2LLCMembernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531CRCI Longhorn Holdings, Inc. | First Lien - Undrawn 12026-03-310001925531CRCI Longhorn Holdings, Inc. | First Lien - Undrawn 22026-03-310001925531nmg4:CRCILonghornHoldingsIncMembernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531ComPsych Investments Corp. | First Lien - Undrawn2026-03-310001925531CoreTrust Purchasing Group LLC | First Lien - Undrawn 12026-03-310001925531CoreTrust Purchasing Group LLC | First Lien - Undrawn 22026-03-310001925531nmg4:CoreTrustPurchasingGroupLLCMembernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531KENG Acquisition, Inc. | First Lien - Undrawn 12026-03-310001925531KENG Acquisition, Inc. | First Lien - Undrawn 22026-03-310001925531nmg4:KENGAcquisitionInc.Membernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531Foreside Financial Group, LLC | First Lien - Undrawn2026-03-310001925531GHX Ultimate Parent Corporation | First Lien - Undrawn2026-03-310001925531IG Investments Holdings, LLC | First Lien - Undrawn2026-03-310001925531Kele Holdco, Inc. | First Lien - Undrawn2026-03-310001925531Sierra Enterprises, LLC | First Lien - Undrawn2026-03-310001925531MAI Capital Management Intermediate LLC | First Lien - Undrawn2026-03-310001925531MedX Holdings, LLC | First Lien - Undrawn 12026-03-310001925531MedX Holdings, LLC | First Lien - Undrawn 22026-03-310001925531nmg4:MedXHoldingsLLCMembernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531Model N, Inc. | First Lien - Undrawn 12026-03-310001925531Model N, Inc. | First Lien - Undrawn 22026-03-310001925531nmg4:ModelNInc.Membernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531Next Holdco, LLC | First Lien - Undrawn2026-03-310001925531OB Hospitalist Group, Inc. | First Lien - Undrawn2026-03-310001925531OEConnection LLC | First Lien - Undrawn 12026-03-310001925531OEConnection LLC | First Lien - Undrawn 22026-03-310001925531nmg4:OEConnectionLLCMembernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531Pioneer Buyer I, LLC | First Lien - Undrawn2026-03-310001925531Radwell Parent, LLC | First Lien - Undrawn2026-03-310001925531Low Voltage Holdings Inc. | First Lien - Undrawn 12026-03-310001925531Low Voltage Holdings Inc. | First Lien - Undrawn 22026-03-310001925531nmg4:LowVoltageHoldingsInc.Membernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531SIG Parent Holdings, LLC | First Lien - Undrawn2026-03-310001925531HP TLE Buyer, Inc. | First Lien - Undrawn2026-03-310001925531Healthspan Buyer, LLC | First Lien - Undrawn2026-03-310001925531Trinity Air Consultants Holdings Corporation | First Lien - Undrawn 12026-03-310001925531Trinity Air Consultants Holdings Corporation | First Lien - Undrawn 22026-03-310001925531nmg4:TrinityAirConsultantsHoldingsCorporationMembernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531CentralSquare Technologies, LLC | First Lien - Undrawn2026-03-310001925531USRP Holdings, Inc. | First Lien - Undrawn 12026-03-310001925531USRP Holdings, Inc. | First Lien - Undrawn 22026-03-310001925531nmg4:USRPHoldingsInc.Membernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531Vessco Midco Holdings, LLC | First Lien - Undrawn 12026-03-310001925531Vessco Midco Holdings, LLC | First Lien - Undrawn 22026-03-310001925531Vessco Midco Holdings, LLC | First Lien - Undrawn 32026-03-310001925531Vessco Midco Holdings, LLC | First Lien - Undrawn 42026-03-310001925531nmg4:VesscoMidcoHoldingsLLCMembernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531YLG Holdings, Inc. | First Lien - Undrawn 12026-03-310001925531YLG Holdings, Inc. | First Lien - Undrawn 22026-03-310001925531nmg4:YLGHoldingsInc.Membernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531Bluefin Holding, LLC | First Lien - Undrawn2026-03-310001925531PDI TA Holdings, Inc. | First Lien - Undrawn2026-03-310001925531PROS Parent, Inc. | First Lien - Undrawn2026-03-310001925531Zone Climate Services, Inc. | First Lien - Undrawn2026-03-310001925531DOCS, MSO, LLC | First Lien - Undrawn2026-03-310001925531Centegix Intermediate II, LLC | First Lien - Undrawn 12026-03-310001925531Centegix Intermediate II, LLC | First Lien - Undrawn 22026-03-310001925531nmg4:CentegixIntermediateIILLCMembernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531Victors Purchaser, LLC | First Lien - Undrawn 12026-03-310001925531Victors Purchaser, LLC | First Lien - Undrawn 22026-03-310001925531nmg4:VictorsPurchaserLLCMembernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531Archduke Buyer, Inc. | First Lien - Undrawn2026-03-310001925531PPV Intermediate Holdings, LLC | First Lien - Undrawn2026-03-310001925531DigiCert, Inc. | First Lien - Undrawn2026-03-310001925531Jeppesen Holdings, LLC | First Lien - Undrawn2026-03-310001925531IEM New Sub 2, LLC | First Lien - Undrawn2026-03-310001925531Vehlo Purchaser, LLC | First Lien - Undrawn2026-03-310001925531Acumatica Holdings, Inc. | First Lien - Undrawn2026-03-310001925531Jawbreaker Parent, Inc. | First Lien - Undrawn 12026-03-310001925531Jawbreaker Parent, Inc. | First Lien - Undrawn 22026-03-310001925531Jawbreaker Parent, Inc. | First Lien - Undrawn 32026-03-310001925531nmg4:JawbreakerParentInc.Membernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531Legends Hospitality Holding Company, LLC | First Lien - Undrawn2026-03-310001925531Wrench Group LLC | First Lien - Undrawn 12026-03-310001925531Wrench Group LLC | First Lien - Undrawn 22026-03-310001925531nmg4:WrenchGroupLLCMembernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531RailPros Parent, LLC | First Lien - Undrawn 12026-03-310001925531RailPros Parent, LLC | First Lien - Undrawn 22026-03-310001925531nmg4:RailProsParentLLCMembernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531Optimizely North America Inc. | First Lien - Undrawn2026-03-310001925531Fetch, Inc. | First Lien - Undrawn 12026-03-310001925531Fetch, Inc. | First Lien - Undrawn 22026-03-310001925531nmg4:FetchInc.Membernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531The Ultimus Group Midco, LLC | First Lien - Undrawn 1 2026-03-310001925531The Ultimus Group Midco, LLC | First Lien - Undrawn 22026-03-310001925531nmg4:TheUltimusGroupMidcoLLCMembernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531Eclipse Buyer, Inc. | First Lien - Undrawn 2026-03-310001925531Fullsteam Operations LLC | First Lien - Undrawn 12026-03-310001925531Fullsteam Operations LLC | First Lien - Undrawn 22026-03-310001925531nmg4:FullsteamOperationsLLCMembernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531Galway Borrower LLC | First Lien - Undrawn 12026-03-310001925531Galway Borrower LLC | First Lien - Undrawn 22026-03-310001925531nmg4:GalwayBorrowerLLCMembernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531Daxko Acquisition Corporation | First Lien - Undrawn 12026-03-310001925531Daxko Acquisition Corporation | First Lien - Undrawn 22026-03-310001925531nmg4:DaxkoAcquisitionCorporationMembernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531Maverick Bidco Inc. | First Lien - Undrawn 12026-03-310001925531Maverick Bidco Inc. | First Lien - Undrawn 22026-03-310001925531nmg4:MaverickBidcoInc.Membernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531Businessolver.com, Inc.| First Lien - Undrawn 12026-03-310001925531Businessolver.com, Inc. | First Lien - Undrawn 22026-03-310001925531nmg4:Businessolver.comInc.Membernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531Superman Holdings, LLC | First Lien - Undrawn 2026-03-310001925531Xactly Corporation | First Lien - Undrawn 2026-03-310001925531Arrow Borrower 2025, Inc. | First Lien - Undrawn 2026-03-310001925531Pike Corporation | First Lien - Undrawn 12026-03-310001925531Pike Corporation | First Lien - Undrawn 22026-03-310001925531nmg4:PikeCorporationMembernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531DT1 Midco Corp. | First Lien - Undrawn 12026-03-310001925531DT1 Midco Corp. | First Lien - Undrawn 22026-03-310001925531nmg4:DT1MidcoCorp.Membernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531Diligent Corporation | First Lien - Undrawn 12026-03-310001925531Diligent Corporation | First Lien - Undrawn 22026-03-310001925531nmg4:DiligentCorporationMembernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531MRI Software LLC | First Lien - Undrawn 12026-03-310001925531MRI Software LLC | First Lien - Undrawn 22026-03-310001925531nmg4:MRISoftwareLLCMembernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531NC Topco, LLC | First Lien - Undrawn 2026-03-310001925531Icefall Parent, Inc. | First Lien - Undrawn 2026-03-310001925531Bonterra LLC | First Lien - Undrawn 12026-03-310001925531Bonterra LLC | First Lien - Undrawn 22026-03-310001925531nmg4:BonterraLLCMembernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531Anaplan, Inc. | First Lien - Undrawn 2026-03-310001925531PDQ.COM Corporation | First Lien - Undrawn 12026-03-310001925531PDQ.COM Corporation | First Lien - Undrawn 22026-03-310001925531nmg4:PDQ.COMCorporationMembernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531LogRhythm, Inc. | First Lien - Undrawn 2026-03-310001925531Meta Buyer LLC | First Lien - Undrawn 12026-03-310001925531Meta Buyer LLC | First Lien - Undrawn 22026-03-310001925531nmg4:MetaBuyerLLCMembernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531Packaging Coordinators Midco, Inc. | First Lien - Undrawn 12026-03-310001925531Packaging Coordinators Midco, Inc. | First Lien - Undrawn 22026-03-310001925531Packaging Coordinators Midco, Inc. | First Lien - Undrawn 32026-03-310001925531Packaging Coordinators Midco, Inc. | First Lien - Undrawn 42026-03-310001925531Packaging Coordinators Midco, Inc. | First Lien - Undrawn 52026-03-310001925531nmg4:PackagingCoordinatorsMidcoInc.Membernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531Lighthouse Buyer, Inc. | First Lien - Undrawn 12026-03-310001925531Lighthouse Buyer, Inc. | First Lien - Undrawn 22026-03-310001925531nmg4:LighthouseBuyerInc.Membernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531iCIMS, Inc. | First Lien - Undrawn 2026-03-310001925531Brave Parent Holdings, Inc. | First Lien - Undrawn 2026-03-310001925531GS Acquisitionco, Inc. | First Lien - Undrawn 2026-03-310001925531Coupa Holdings, LLC | First Lien - Undrawn 12026-03-310001925531Coupa Holdings, LLC | First Lien - Undrawn 22026-03-310001925531nmg4:CoupaHoldingsLLCMembernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531Baker Tilly Advisory Group, LP | First Lien - Undrawn 12026-03-310001925531Baker Tilly Advisory Group, LP | First Lien - Undrawn 22026-03-310001925531nmg4:BakerTillyAdvisoryGroupLPMembernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531Vamos Bidco, Inc. | First Lien - Undrawn 12026-03-310001925531Vamos Bidco, Inc. | First Lien - Undrawn 22026-03-310001925531nmg4:VamosBidcoInc.Membernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531Einstein Parent, Inc. | First Lien - Undrawn 2026-03-310001925531Safety Borrower Holdings LLC | First Lien - Undrawn 12026-03-310001925531Safety Borrower Holdings LLC | First Lien - Undrawn 22026-03-310001925531nmg4:SafetyBorrowerHoldingsLLCMembernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531Databricks, Inc. | First Lien - Undrawn 2026-03-310001925531Viper Bidco, Inc. | First Lien - Undrawn 2026-03-310001925531Diamondback Acquisition, Inc. | First Lien - Undrawn 12026-03-310001925531Diamondback Acquisition, Inc. | First Lien - Undrawn 22026-03-310001925531nmg4:DiamondbackAcquisitionInc.Membernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531Runway Bidco, LLC | First Lien - Undrawn 12026-03-310001925531Runway Bidco, LLC | First Lien - Undrawn 22026-03-310001925531nmg4:RunwayBidcoLLCMembernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531PetVet Care Centers, LLC | First Lien - Undrawn 2026-03-310001925531country:USnmg4:UnfundedDebtSecuritiesMemberus-gaap:InvestmentUnaffiliatedIssuerMember2026-03-310001925531Ciklum Inc. | First Lien - Undrawn 2026-03-310001925531country:GBnmg4:UnfundedDebtSecuritiesMemberus-gaap:InvestmentUnaffiliatedIssuerMember2026-03-310001925531Matterhorn Finco, Inc. | First Lien - Undrawn 12026-03-310001925531Matterhorn Finco, Inc. | First Lien - Undrawn 22026-03-310001925531nmg4:MatterhornFincoInc.Membernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531country:CHnmg4:UnfundedDebtSecuritiesMemberus-gaap:InvestmentUnaffiliatedIssuerMember2026-03-310001925531Atlas AU Bidco Pty Ltd | First Lien - Undrawn 2026-03-310001925531Adelaide Borrower, LLC | First Lien - Undrawn 12026-03-310001925531Adelaide Borrower, LLC | First Lien - Undrawn 22026-03-310001925531nmg4:AdelaideBorrowerLLCMembernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531country:AUnmg4:UnfundedDebtSecuritiesMemberus-gaap:InvestmentUnaffiliatedIssuerMember2026-03-310001925531Datheos Bidco | First Lien - Undrawn2026-03-310001925531country:FRnmg4:UnfundedDebtSecuritiesMemberus-gaap:InvestmentUnaffiliatedIssuerMember2026-03-310001925531us-gaap:InvestmentUnaffiliatedIssuerMembernmg4:UnfundedDebtSecuritiesMember2026-03-310001925531us-gaap:InvestmentUnaffiliatedIssuerMember2026-03-310001925531 Eclipse Topco, Inc. | Preferred shares2026-03-310001925531FS WhiteWater Holdings, LLC | First Lien2026-03-310001925531FS WhiteWater Holdings, LLC | Class B preferred units2026-03-310001925531 Packaging Coordinators Midco, Inc. | First Lien 32026-03-310001925531U.S. Bank National Association2026-03-310001925531nmg4:DebtSecuritiesFirstLienMembernmg4:InvestmentTypeConcentrationRiskMembernmg4:InvestmentsAtFairValueMember2026-01-012026-03-310001925531nmg4:DebtSecuritiesSecondLienMembernmg4:InvestmentTypeConcentrationRiskMembernmg4:InvestmentsAtFairValueMember2026-01-012026-03-310001925531us-gaap:SubordinatedDebtMembernmg4:InvestmentTypeConcentrationRiskMembernmg4:InvestmentsAtFairValueMember2026-01-012026-03-310001925531nmg4:StructuredFinanceObligationsMembernmg4:InvestmentTypeConcentrationRiskMembernmg4:InvestmentsAtFairValueMember2026-01-012026-03-310001925531us-gaap:OtherAggregatedInvestmentsMembernmg4:InvestmentTypeConcentrationRiskMembernmg4:InvestmentsAtFairValueMember2026-01-012026-03-310001925531nmg4:BusinessServicesSectorMembernmg4:IndustryConcentrationRiskMembernmg4:InvestmentsAtFairValueMember2026-01-012026-03-310001925531nmg4:SoftwareSectorMembernmg4:IndustryConcentrationRiskMembernmg4:InvestmentsAtFairValueMember2026-01-012026-03-310001925531nmg4:FinancialServicesTechnologyMembernmg4:IndustryConcentrationRiskMembernmg4:InvestmentsAtFairValueMember2026-01-012026-03-310001925531us-gaap:HealthcareSectorMembernmg4:IndustryConcentrationRiskMembernmg4:InvestmentsAtFairValueMember2026-01-012026-03-310001925531nmg4:ConsumerServicesSectorMembernmg4:IndustryConcentrationRiskMembernmg4:InvestmentsAtFairValueMember2026-01-012026-03-310001925531nmg4:EducationSectorMembernmg4:IndustryConcentrationRiskMembernmg4:InvestmentsAtFairValueMember2026-01-012026-03-310001925531nmg4:BusinessProductsSectorMembernmg4:IndustryConcentrationRiskMembernmg4:InvestmentsAtFairValueMember2026-01-012026-03-310001925531us-gaap:FoodAndBeverageSectorMembernmg4:IndustryConcentrationRiskMembernmg4:InvestmentsAtFairValueMember2026-01-012026-03-310001925531nmg4:PackagingSectorMembernmg4:IndustryConcentrationRiskMembernmg4:InvestmentsAtFairValueMember2026-01-012026-03-310001925531us-gaap:TransportationSectorMembernmg4:IndustryConcentrationRiskMembernmg4:InvestmentsAtFairValueMember2026-01-012026-03-310001925531nmg4:InvestmentFundSectorMembernmg4:IndustryConcentrationRiskMembernmg4:InvestmentsAtFairValueMember2026-01-012026-03-310001925531nmg4:DebtSecuritiesFloatingInterestRateMembernmg4:InterestRateTypeRiskMembernmg4:InvestmentsAtFairValueMember2026-01-012026-03-310001925531nmg4:DebtSecuritiesFixedInterestRateMembernmg4:InterestRateTypeRiskMembernmg4:InvestmentsAtFairValueMember2026-01-012026-03-310001925531Viper Bidco, Inc. | First Lien2025-12-310001925531Wealth Enhancement Group, LLC | First Lien 12025-12-310001925531Wealth Enhancement Group, LLC | First Lien 22025-12-310001925531Wealth Enhancement Group, LLC | First Lien 32025-12-310001925531Wealth Enhancement Group, LLC | Subordinated2025-12-310001925531Wealth Enhancement Group, LLC | First Lien 42025-12-310001925531Wealth Enhancement Group, LLC | First Lien - Drawn2025-12-310001925531Wealth Enhancement Group, LLC | First Lien 52025-12-310001925531Wealth Enhancement Group, LLC | First Lien 62025-12-310001925531nmg4:WealthEnhancementGroupLLCMembernmg4:FundedDebtSecuritiesMember2025-12-310001925531Coupa Holdings, LLC | First Lien2025-12-310001925531Anaplan, Inc. | First Lien 12025-12-310001925531Anaplan, Inc. | First Lien 22025-12-310001925531nmg4:AnaplanInc.Membernmg4:FundedDebtSecuritiesMember2025-12-310001925531OEConnection LLC | First Lien2025-12-310001925531Associations, Inc. | First Lien2025-12-310001925531Associations, Inc. | Subordinated 12025-12-310001925531Associations, Inc. | Subordinated 22025-12-310001925531Associations, Inc. | First Lien - Drawn2025-12-310001925531nmg4:AssociationsInc.Membernmg4:FundedDebtSecuritiesMember2025-12-310001925531MAI Capital Management Intermediate LLC | First Lien 12025-12-310001925531MAI Capital Management Intermediate LLC | First Lien 22025-12-310001925531MAI Capital Management Intermediate LLC | First Lien - Drawn2025-12-310001925531nmg4:MAICapitalManagementIntermediateLLCMembernmg4:FundedDebtSecuritiesMember2025-12-310001925531Jeppesen Holdings, LLC | First Lien2025-12-310001925531Businessolver.com, Inc. | First Lien 12025-12-310001925531Businessolver.com, Inc. | First Lien 22025-12-310001925531Businessolver.com, Inc. | First Lien 32025-12-310001925531nmg4:Businessolver.comInc.Membernmg4:FundedDebtSecuritiesMember2025-12-310001925531Einstein Parent, Inc. | First Lien2025-12-310001925531PPV Intermediate Holdings, LLC | First Lien 12025-12-310001925531PPV Intermediate Holdings, LLC | First Lien 22025-12-310001925531PPV Intermediate Holdings, LLC | First Lien 32025-12-310001925531PPV Intermediate Holdings, LLC | First Lien - Drawn2025-12-310001925531nmg4:PPVIntermediateHoldingsLLCMembernmg4:FundedDebtSecuritiesMember2025-12-310001925531Safety Borrower Holdings LLC | First Lien2025-12-310001925531Safety Borrower Holdings LLC | First Lien - Drawn2025-12-310001925531nmg4:SafetyBorrowerHoldingsLLCMembernmg4:FundedDebtSecuritiesMember2025-12-310001925531Vessco Midco Holdings, LLC | First Lien 12025-12-310001925531Vessco Midco Holdings, LLC | First Lien - Drawn 12025-12-310001925531Vessco Midco Holdings, LLC | First Lien 22025-12-310001925531Vessco Midco Holdings, LLC | First Lien - Drawn 22025-12-310001925531nmg4:VesscoMidcoHoldingsLLCMembernmg4:FundedDebtSecuritiesMember2025-12-310001925531Model N, Inc. | First Lien2025-12-310001925531Pike Corporation | First Lien2025-12-310001925531Healthspan Buyer, LLC | First Lien 12025-12-310001925531Healthspan Buyer, LLC | First Lien 22025-12-310001925531Healthspan Buyer, LLC | First Lien 32025-12-310001925531Healthspan Buyer, LLC | First Lien 42025-12-310001925531Healthspan Buyer, LLC | First Lien 52025-12-310001925531nmg4:HealthspanBuyerLLCMembernmg4:FundedDebtSecuritiesMember2025-12-310001925531Acumatica Holdings, Inc. | First Lien2025-12-310001925531NC Topco, LLC | First Lien2025-12-310001925531Diamondback Acquisition, Inc. | First Lien2025-12-310001925531Diamondback Acquisition, Inc. | First Lien - Drawn2025-12-310001925531nmg4:DiamondbackAcquisitionInc.Membernmg4:FundedDebtSecuritiesMember2025-12-310001925531IG Investments Holdings, LLC | First Lien2025-12-310001925531Runway Bidco, LLC | First Lien2025-12-310001925531Superman Holdings, LLC | First Lien 12025-12-310001925531Superman Holdings, LLC | First Lien 22025-12-310001925531nmg4:SupermanHoldingsLLCMembernmg4:FundedDebtSecuritiesMember2025-12-310001925531AAH Topco, LLC | First Lien2025-12-310001925531AAH Topco, LLC | First Lien - Drawn2025-12-310001925531nmg4:AAHTopcoLLCMembernmg4:FundedDebtSecuritiesMember2025-12-310001925531HIG Operations Holdings, Inc. | First Lien 12025-12-310001925531HIG Operations Holdings, Inc. | First Lien 22025-12-310001925531HIG Operations Holdings, Inc. | First Lien 32025-12-310001925531nmg4:HIGOperationsHoldingsInc.Membernmg4:FundedDebtSecuritiesMember2025-12-310001925531USRP Holdings, Inc. | First Lien 12025-12-310001925531USRP Holdings, Inc. | First Lien 22025-12-310001925531USRP Holdings, Inc. | First Lien - Drawn2025-12-310001925531USRP Holdings, Inc. | First Lien 32025-12-310001925531nmg4:USRPHoldingsInc.Membernmg4:FundedDebtSecuritiesMember2025-12-310001925531Pioneer Buyer I, LLC | First Lien 12025-12-310001925531Pioneer Buyer I, LLC | First Lien 22025-12-310001925531nmg4:PioneerBuyerILLCMembernmg4:FundedDebtSecuritiesMember2025-12-310001925531Meta Buyer LLC | First Lien2025-12-310001925531Maverick Bidco Inc. | First Lien 2025-12-310001925531Vehlo Purchaser, LLC | First Lien 12025-12-310001925531Vehlo Purchaser, LLC | First Lien 22025-12-310001925531nmg4:VehloPurchaserLLCMembernmg4:FundedDebtSecuritiesMember2025-12-310001925531Bullhorn, Inc. | First Lien 12025-12-310001925531Bullhorn, Inc. | First Lien 22025-12-310001925531Bullhorn, Inc. | First Lien 32025-12-310001925531Bullhorn, Inc. | First Lien 42025-12-310001925531Bullhorn, Inc. | First Lien 52025-12-310001925531Bullhorn, Inc. | First Lien 62025-12-310001925531Bullhorn, Inc. | First Lien 72025-12-310001925531Bullhorn, Inc. | First Lien - Drawn2025-12-310001925531nmg4:BullhornInc.Membernmg4:FundedDebtSecuritiesMember2025-12-310001925531Legal Spend Holdings, LLC (fka Bottomline Technologies, Inc.) | First Lien 12025-12-310001925531Legal Spend Holdings, LLC (fka Bottomline Technologies, Inc.) | First Lien 22025-12-310001925531nmg4:LegalSpendHoldingsLLCFkaBottomlineTechnologiesInc.Membernmg4:FundedDebtSecuritiesMember2025-12-310001925531YLG Holdings, Inc. | First Lien2025-12-310001925531YLG Holdings, Inc. | First Lien - Drawn2025-12-310001925531nmg4:YLGHoldingsInc.Membernmg4:FundedDebtSecuritiesMember2025-12-310001925531GC Waves Holdings, Inc. | First Lien 12025-12-310001925531GC Waves Holdings, Inc. | First Lien 22025-12-310001925531GC Waves Holdings, Inc. | First Lien 32025-12-310001925531nmg4:GCWavesHoldingsInc.Membernmg4:FundedDebtSecuritiesMember2025-12-310001925531iCIMS, Inc. | First Lien 12025-12-310001925531iCIMS, Inc. | First Lien 22025-12-310001925531iCIMS, Inc. | First Lien - Drawn2025-12-310001925531nmg4:ICIMSIncMembernmg4:FundedDebtSecuritiesMember2025-12-310001925531Alegeus Technologies Holdings Corp. | First Lien 2025-12-310001925531Baker Tilly Advisory Group, LP | First Lien 12025-12-310001925531Baker Tilly Advisory Group, LP | First Lien 22025-12-310001925531Baker Tilly Advisory Group, LP | First Lien 32025-12-310001925531Baker Tilly Advisory Group, LP | First Lien 42025-12-310001925531nmg4:BakerTillyAdvisoryGroupLPMembernmg4:FundedDebtSecuritiesMember2025-12-310001925531CentralSquare Technologies, LLC | First Lien2025-12-310001925531KENE Acquisition, Inc. | First Lien 12025-12-310001925531KENE Acquisition, Inc. | First Lien 22025-12-310001925531KENE Acquisition, Inc. | First Lien 32025-12-310001925531KENE Acquisition, Inc. | First Lien - Drawn2025-12-310001925531KENE Acquisition, Inc. | First Lien 42025-12-310001925531nmg4:KENEAcquisitionInc.Membernmg4:FundedDebtSecuritiesMember2025-12-310001925531MRI Software LLC | First Lien 12025-12-310001925531MRI Software LLC | First Lien 22025-12-310001925531MRI Software LLC | First Lien 32025-12-310001925531MRI Software LLC | First Lien - Drawn 12025-12-310001925531MRI Software LLC | First Lien - Drawn 22025-12-310001925531nmg4:MRISoftwareLLCMembernmg4:FundedDebtSecuritiesMember2025-12-310001925531Asurion, LLC | First Lien2025-12-310001925531Brave Parent Holdings, Inc. | First Lien 12025-12-310001925531Brave Parent Holdings, Inc. | First Lien 22025-12-310001925531nmg4:BraveParentHoldingsInc.Membernmg4:FundedDebtSecuritiesMember2025-12-310001925531PetVet Care Centers, LLC | First Lien2025-12-310001925531PetVet Care Centers, LLC | First Lien - Drawn2025-12-310001925531nmg4:PetVetCareCentersLLCMembernmg4:FundedDebtSecuritiesMember2025-12-310001925531Houghton Mifflin Harcourt Company | First Lien 12025-12-310001925531Houghton Mifflin Harcourt Company | First Lien 22025-12-310001925531nmg4:HoughtonMifflinHarcourtCompanyMembernmg4:FundedDebtSecuritiesMember2025-12-310001925531GHX Ultimate Parent Corporation | First Lien2025-12-310001925531Eclipse Buyer, Inc. | First Lien2025-12-310001925531Allworth Financial Group, L.P. | First Lien2025-12-310001925531Allworth Financial Group, L.P. | First Lien - Drawn2025-12-310001925531nmg4:AllworthFinancialGroupL.P.Membernmg4:FundedDebtSecuritiesMember2025-12-310001925531Legends Hospitality Holding Company, LLC | First Lien2025-12-310001925531Legends Hospitality Holding Company, LLC | First Lien - Drawn 12025-12-310001925531Legends Hospitality Holding Company, LLC | First Lien - Drawn 22025-12-310001925531nmg4:LegendsHospitalityHoldingCompanyLLCMembernmg4:FundedDebtSecuritiesMember2025-12-310001925531OB Hospitalist Group, Inc. | First Lien 12025-12-310001925531OB Hospitalist Group, Inc. | First Lien 22025-12-310001925531nmg4:OBHospitalistGroupInc.Membernmg4:FundedDebtSecuritiesMember2025-12-310001925531Relativity ODA LLC | First Lien2025-12-310001925531IEM New Sub 2, LLC | First Lien2025-12-310001925531Victors Purchaser, LLC | First Lien2025-12-310001925531Victors Purchaser, LLC | First Lien - Drawn2025-12-310001925531nmg4:VictorsPurchaserLLCMembernmg4:FundedDebtSecuritiesMember2025-12-310001925531Al Altius US Bidco, Inc. | First Lien 12025-12-310001925531Al Altius US Bidco, Inc. | First Lien 22025-12-310001925531nmg4:AlAltiusUSBidcoInc.Membernmg4:FundedDebtSecuritiesMember2025-12-310001925531Sierra Enterprises, LLC | First Lien2025-12-310001925531Foundational Education Group, Inc. | Second Lien2025-12-310001925531Foundational Education Group, Inc. | First Lien2025-12-310001925531nmg4:FoundationalEducationGroupInc.Membernmg4:FundedDebtSecuritiesMember2025-12-310001925531Icefall Parent, Inc. | First Lien 12025-12-310001925531Icefall Parent, Inc. | First Lien 22025-12-310001925531nmg4:IcefallParentIncMembernmg4:FundedDebtSecuritiesMember2025-12-310001925531Diligent Corporation | First Lien 12025-12-310001925531Diligent Corporation | First Lien 22025-12-310001925531Diligent Corporation | First Lien - Drawn2025-12-310001925531nmg4:DiligentCorporationMembernmg4:FundedDebtSecuritiesMember2025-12-310001925531Xactly Corporation | First Lien2025-12-310001925531Firebird Acquisition Corp, Inc. | First Lien2025-12-310001925531Firebird Acquisition Corp, Inc. | First Lien - Drawn2025-12-310001925531nmg4:FirebirdAcquisitionCorpIncMembernmg4:FundedDebtSecuritiesMember2025-12-310001925531CoreTrust Purchasing Group LLC | First Lien 12025-12-310001925531CoreTrust Purchasing Group LLC | First Lien 22025-12-310001925531CoreTrust Purchasing Group LLC | First Lien 32025-12-310001925531nmg4:CoreTrustPurchasingGroupLLCMembernmg4:FundedDebtSecuritiesMember2025-12-310001925531Vamos Bidco, Inc. | First Lien2025-12-310001925531Low Voltage Holdings Inc. | First Lien 12025-12-310001925531Low Voltage Holdings Inc. | First Lien 22025-12-310001925531nmg4:LowVoltageHoldingsInc.Membernmg4:FundedDebtSecuritiesMember2025-12-310001925531Lighthouse Buyer, Inc. | First Lien2025-12-310001925531Lighthouse Buyer, Inc. | First Lien - Drawn2025-12-310001925531nmg4:LighthouseBuyerInc.Membernmg4:FundedDebtSecuritiesMember2025-12-310001925531ComPsych Investments Corp. | First Lien2025-12-310001925531PROS Parent, Inc. | First Lien2025-12-310001925531Trinity Air Consultants Holdings Corporation | First Lien 12025-12-310001925531Trinity Air Consultants Holdings Corporation | First Lien 22025-12-310001925531nmg4:TrinityAirConsultantsHoldingsCorporationMembernmg4:FundedDebtSecuritiesMember2025-12-310001925531Planview Parent, Inc. | Second Lien2025-12-310001925531Bonterra LLC | First Lien 12025-12-310001925531Bonterra LLC | First Lien 22025-12-310001925531Bonterra LLC | First Lien - Drawn 12025-12-310001925531Bonterra LLC | First Lien - Drawn 22025-12-310001925531nmg4:BonterraLLCMembernmg4:FundedDebtSecuritiesMember2025-12-310001925531HP TLE Buyer, Inc. | First Lien2025-12-310001925531Foreside Financial Group, LLC | First Lien 12025-12-310001925531Foreside Financial Group, LLC | First Lien 22025-12-310001925531Foreside Financial Group, LLC | First Lien - Drawn2025-12-310001925531Foreside Financial Group, LLC | First Lien 32025-12-310001925531Foreside Financial Group, LLC | First Lien 42025-12-310001925531nmg4:ForesideFinancialGroupLLCMembernmg4:FundedDebtSecuritiesMember2025-12-310001925531DigiCert, Inc. | First Lien2025-12-310001925531MedX Holdings, LLC | First Lien2025-12-310001925531Nexus Buyer LLC | Second Lien2025-12-310001925531DG Investment Intermediate Holdings 2, Inc. | Second Lien2025-12-310001925531GS Acquisitionco, Inc. | First Lien 12025-12-310001925531GS Acquisitionco, Inc. | First Lien 22025-12-310001925531GS Acquisitionco, Inc. | First Lien - Drawn 12025-12-310001925531GS Acquisitionco, Inc. | First Lien - Drawn 22025-12-310001925531nmg4:GSAcquisitioncoInc.Membernmg4:FundedDebtSecuritiesMember2025-12-310001925531PDI TA Holdings, Inc. | First Lien 12025-12-310001925531PDI TA Holdings, Inc. | First Lien 22025-12-310001925531PDI TA Holdings, Inc. | First Lien - Drawn2025-12-310001925531nmg4:PDITAHoldingsInc.Membernmg4:FundedDebtSecuritiesMember2025-12-310001925531Denali Intermediate Holdings, Inc. | First Lien2025-12-310001925531FS WhiteWater Borrower, LLC | First Lien 12025-12-310001925531FS WhiteWater Borrower, LLC | First Lien 22025-12-310001925531FS WhiteWater Borrower, LLC | First Lien - Drawn2025-12-310001925531nmg4:FSWhiteWaterBorrowerLLCMembernmg4:FundedDebtSecuritiesMember2025-12-310001925531eResearchTechnology, Inc. | First Lien 12025-12-310001925531eResearchTechnology, Inc. | First Lien 22025-12-310001925531eResearchTechnology, Inc. | First Lien - Drawn2025-12-310001925531nmg4:EResearchTechnologyInc.Membernmg4:FundedDebtSecuritiesMember2025-12-310001925531LSCS Holdings, Inc. | First Lien2025-12-310001925531Arrow Borrower 2025, Inc. | First Lien2025-12-310001925531Bluefin Holding, LLC | First Lien2025-12-310001925531Optimizely North America Inc. | First Lien2025-12-310001925531Databricks, Inc. | First Lien2025-12-310001925531Wrench Group LLC | First Lien2025-12-310001925531Rithum Holdings, Inc. (fka CommerceHub, Inc.) | First Lien2025-12-310001925531Panzura, LLC | First Lien2025-12-310001925531RLG Holdings, LLC | First Lien 12025-12-310001925531RLG Holdings, LLC | First Lien 22025-12-310001925531nmg4:RLGHoldingsLLCMembernmg4:FundedDebtSecuritiesMember2025-12-310001925531Community Management Holdings MidCo 2, LLC | First Lien 12025-12-310001925531Community Management Holdings MidCo 2, LLC | First Lien - Drawn 12025-12-310001925531Community Management Holdings MidCo 2, LLC | First Lien 22025-12-310001925531Community Management Holdings MidCo 2, LLC | First Lien - Drawn 22025-12-310001925531nmg4:CommunityManagementHoldingsMidCo2LLCMembernmg4:FundedDebtSecuritiesMember2025-12-310001925531PDQ.com Corporation | First Lien 12025-12-310001925531PDQ.com Corporation | First Lien 22025-12-310001925531PDQ.com Corporation | First Lien 32025-12-310001925531nmg4:PDQ.COMCorporationMembernmg4:FundedDebtSecuritiesMember2025-12-310001925531Cloudera, Inc. | Second Lien2025-12-310001925531Beacon Pointe Harmony, LLC | First Lien2025-12-310001925531Archduke Buyer, Inc. | First Lien2025-12-310001925531Packaging Coordinators Midco, Inc. | First Lien 12025-12-310001925531Packaging Coordinators Midco, Inc. | First Lien 22025-12-310001925531Packaging Coordinators Midco, Inc. | First Lien 32025-12-310001925531Packaging Coordinators Midco, Inc. | First Lien - Drawn2025-12-310001925531nmg4:PackagingCoordinatorsMidcoInc.Membernmg4:FundedDebtSecuritiesMember2025-12-310001925531Javelin Buyer, Inc. | Second Lien2025-12-310001925531CRCI Longhorn Holdings, Inc. | First Lien2025-12-310001925531Greenway Health, LLC | First Lien2025-12-310001925531Fullsteam Operations LLC | First lien2025-12-310001925531Zest Acquisition Corp. | First Lien2025-12-310001925531The Ultimus Group Midco, LLC | First Lien2025-12-310001925531RailPros Parent, LLC | First Lien2025-12-310001925531IG IntermediateCo LLC | Subordinated2025-12-310001925531IG IntermediateCo LLC | First Lien2025-12-310001925531nmg4:IGIntermediateCoLLCMembernmg4:FundedDebtSecuritiesMember2025-12-310001925531Project Accelerate Parent, LLC | First Lien2025-12-310001925531Radwell Parent, LLC | First Lien2025-12-310001925531Radwell Parent, LLC | First Lien - Drawn2025-12-310001925531nmg4:RadwellParentLLCMembernmg4:FundedDebtSecuritiesMember2025-12-310001925531Smile Doctors LLC | First Lien 12025-12-310001925531Smile Doctors LLC | First Lien 22025-12-310001925531Smile Doctors LLC | First Lien 32025-12-310001925531nmg4:SmileDoctorsLLCMembernmg4:FundedDebtSecuritiesMember2025-12-310001925531Next Holdco, LLC | First Lien2025-12-310001925531Cronos Crimson Holdings, Inc. (f/k/a NMC Crimson Holdings, Inc.) | First Lien2025-12-310001925531TigerConnect, Inc. | First Lien 12025-12-310001925531TigerConnect, Inc. | First Lien 22025-12-310001925531TigerConnect, Inc. | First Lien 32025-12-310001925531nmg4:TigerConnectInc.Membernmg4:FundedDebtSecuritiesMember2025-12-310001925531Pathway Vet Alliance LLC | First Lien2025-12-310001925531LogRhythm, Inc. | First Lien2025-12-310001925531KENG Acquisition, Inc. | First Lien 12025-12-310001925531KENG Acquisition, Inc. | First Lien 22025-12-310001925531KENG Acquisition, Inc. | First Lien 32025-12-310001925531KENG Acquisition, Inc. | First Lien - Drawn2025-12-310001925531nmg4:KENGAcquisitionInc.Membernmg4:FundedDebtSecuritiesMember2025-12-310001925531Centegix Intermediate II, LLC | First Lien2025-12-310001925531Centegix Intermediate II, LLC | First Lien - Drawn2025-12-310001925531nmg4:CentegixIntermediateIILLCMembernmg4:FundedDebtSecuritiesMember2025-12-310001925531DOCS, MSO, LLC | First Lien 12025-12-310001925531DOCS, MSO, LLC | First Lien 22025-12-310001925531nmg4:DOCSMSOLLCMembernmg4:FundedDebtSecuritiesMember2025-12-310001925531Fortis Solutions Group, LLC | First Lien 12025-12-310001925531Fortis Solutions Group, LLC | First Lien 22025-12-310001925531Fortis Solutions Group, LLC | First Lien 32025-12-310001925531nmg4:FortisSolutionsGroupLLCMembernmg4:FundedDebtSecuritiesMember2025-12-310001925531Zone Climate Services, Inc. | First Lien 12025-12-310001925531Zone Climate Services, Inc. | First Lien 22025-12-310001925531Zone Climate Services, Inc. | First Lien - Drawn2025-12-310001925531nmg4:ZoneClimateServicesInc.Membernmg4:FundedDebtSecuritiesMember2025-12-310001925531Galway Borrower LLC | First Lien 12025-12-310001925531Galway Borrower LLC | First Lien 22025-12-310001925531nmg4:GalwayBorrowerLLCMembernmg4:FundedDebtSecuritiesMember2025-12-310001925531KPSKY Acquisition Inc. | First Lien 12025-12-310001925531KPSKY Acquisition Inc. | First Lien 22025-12-310001925531nmg4:KPSKYAcquisitionInc.Membernmg4:FundedDebtSecuritiesMember2025-12-310001925531KWOR Acquisition, Inc. | First Lien 12025-12-310001925531KWOR Acquisition, Inc. | Subordinated2025-12-310001925531KWOR Acquisition, Inc. | First Lien 22025-12-310001925531KWOR Acquisition, Inc. | First Lien 32025-12-310001925531nmg4:KWORAcquisitionInc.Membernmg4:FundedDebtSecuritiesMember2025-12-310001925531Kele Holdco, Inc. | First Lien 12025-12-310001925531Kele Holdco, Inc. | First Lien 22025-12-310001925531Kele Holdco, Inc. | First Lien - Drawn2025-12-310001925531nmg4:KeleHoldcoInc.Membernmg4:FundedDebtSecuritiesMember2025-12-310001925531DT1 Midco Corp. | First Lien2025-12-310001925531DT1 Midco Corp. | First Lien - Drawn2025-12-310001925531nmg4:DT1MidcoCorp.Membernmg4:FundedDebtSecuritiesMember2025-12-310001925531Daxko Acquisition Corporation | First Lien - Drawn2025-12-310001925531Riskonnect Parent, LLC | First Lien2025-12-310001925531country:USnmg4:FundedDebtSecuritiesMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-12-310001925531Ciklum Inc. | First Lien 12025-12-310001925531Ciklum Inc. | First Lien 22025-12-310001925531nmg4:CiklumInc.Membernmg4:FundedDebtSecuritiesMember2025-12-310001925531Accelya Lux Finco S.a r.l. | First Lien2025-12-310001925531Cleanova US Holdings, LLC | First Lien2025-12-310001925531country:GBnmg4:FundedDebtSecuritiesMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-12-310001925531Datheos Bidco | First Lien2025-12-310001925531country:FRnmg4:FundedDebtSecuritiesMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-12-310001925531Atlas AU Bidco Pty Ltd | First Lien 12025-12-310001925531Atlas AU Bidco Pty Ltd | First Lien 22025-12-310001925531Atlas AU Bidco Pty Ltd | First Lien 32025-12-310001925531nmg4:AtlasAUBidcoPtyLtdMembernmg4:FundedDebtSecuritiesMember2025-12-310001925531Adelaide Borrower, LLC | First Lien2025-12-310001925531Adelaide Borrower, LLC | First Lien - Drawn2025-12-310001925531nmg4:AdelaideBorrowerLLCMembernmg4:FundedDebtSecuritiesMember2025-12-310001925531country:AUnmg4:FundedDebtSecuritiesMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-12-310001925531Tennessee Bidco Limited | First Lien 12025-12-310001925531Tennessee Bidco Limited | First Lien 22025-12-310001925531nmg4:TennesseeBidcoLimitedMembernmg4:FundedDebtSecuritiesMember2025-12-310001925531country:JEnmg4:FundedDebtSecuritiesMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-12-310001925531Ivy Hill Middle Market Credit Fund, Ltd | Structured Finance Obligations2025-12-310001925531country:USnmg4:StructuredFinanceObligationsMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-12-310001925531us-gaap:InvestmentUnaffiliatedIssuerMembernmg4:FundedDebtSecuritiesMember2025-12-310001925531HIG Intermediate, Inc. | Series A preferred shares2025-12-310001925531Portage Point Partners, LP | Preferred shares2025-12-310001925531Portage Point Partners, LP | Class B common units2025-12-310001925531nmg4:PortagePointPartnersLPMemberus-gaap:EquitySecuritiesMember2025-12-310001925531Eclipse Topco, Inc. | Preferred shares2025-12-310001925531Knockout Intermediate Holdings I Inc. | Preferred shares2025-12-310001925531KWOR Intermediate I, LLC | Preferred shares2025-12-310001925531KWOR Intermediate I, LLC | Class A-1 common units2025-12-310001925531nmg4:KWORIntermediateILLCMemberus-gaap:EquitySecuritiesMember2025-12-310001925531FS WhiteWater Holdings, LLC | Class B preferred units2025-12-310001925531Panzura Holdings, LLC | Class A-2 common units2025-12-310001925531country:USus-gaap:EquitySecuritiesMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-12-310001925531us-gaap:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2025-12-310001925531us-gaap:InvestmentUnaffiliatedIssuerMembernmg4:FundedSecuritiesMember2025-12-310001925531OEConnection LLC | First Lien - Undrawn 12025-12-310001925531OEConnection LLC | First Lien - Undrawn 22025-12-310001925531nmg4:OEConnectionLLCMembernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531FS WhiteWater Borrower, LLC | First Lien - Undrawn 12025-12-310001925531FS WhiteWater Borrower, LLC | First Lien - Undrawn 22025-12-310001925531nmg4:FSWhiteWaterBorrowerLLCMembernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531Associations, Inc. | First Lien - Undrawn 12025-12-310001925531Associations, Inc. | First Lien - Undrawn 22025-12-310001925531nmg4:AssociationsInc.Membernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531Eclipse Buyer, Inc. | First Lien - Undrawn2025-12-310001925531Wealth Enhancement Group, LLC | First Lien - Undrawn 12025-12-310001925531Wealth Enhancement Group, LLC | First Lien - Undrawn 22025-12-310001925531nmg4:WealthEnhancementGroupLLCMembernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531KWOR Acquisition, Inc. | First Lien - Undrawn 12025-12-310001925531KWOR Acquisition, Inc. | First Lien - Undrawn 22025-12-310001925531nmg4:KWORAcquisitionInc.Membernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531HIG Operations Holdings, Inc. | First Lien - Undrawn2025-12-310001925531Project Accelerate Parent, LLC | First Lien - Undrawn2025-12-310001925531Acumatica Holdings, Inc. | First Lien - Undrawn2025-12-310001925531AAH Topco, LLC | First Lien - Undrawn2025-12-310001925531Allworth Financial Group, L.P. | First Lien - Undrawn 12025-12-310001925531Allworth Financial Group, L.P. | First Lien - Undrawn 22025-12-310001925531nmg4:AllworthFinancialGroupL.P.Membernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531Anaplan, Inc. | First Lien - Undrawn2025-12-310001925531Baker Tilly Advisory Group, LP | First Lien - Undrawn 12025-12-310001925531Baker Tilly Advisory Group, LP | First Lien - Undrawn 22025-12-310001925531nmg4:BakerTillyAdvisoryGroupLPMembernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531Bluefin Holding, LLC | First Lien - Undrawn2025-12-310001925531Brave Parent Holdings, Inc. | First Lien - Undrawn 12025-12-310001925531Brave Parent Holdings, Inc. | First Lien - Undrawn 22025-12-310001925531nmg4:BraveParentHoldingsInc.Membernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531Bullhorn, Inc. | First Lien - Undrawn 12025-12-310001925531Bullhorn, Inc. | First Lien - Undrawn 22025-12-310001925531nmg4:BullhornInc.Membernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531Community Management Holdings MidCo 2, LLC | First Lien - Undrawn 12025-12-310001925531Community Management Holdings MidCo 2, LLC | First Lien - Undrawn 22025-12-310001925531nmg4:CommunityManagementHoldingsMidCo2LLCMembernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531CRCI Longhorn Holdings, Inc. | First Lien - Undrawn 12025-12-310001925531CRCI Longhorn Holdings, Inc. | First Lien - Undrawn 22025-12-310001925531nmg4:CRCILonghornHoldingsIncMembernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531ComPsych Investments Corp. | First Lien - Undrawn2025-12-310001925531CoreTrust Purchasing Group LLC | First Lien - Undrawn 12025-12-310001925531CoreTrust Purchasing Group LLC | First Lien - Undrawn 22025-12-310001925531nmg4:CoreTrustPurchasingGroupLLCMembernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531Coupa Holdings, LLC | First Lien - Undrawn 12025-12-310001925531Coupa Holdings, LLC | First Lien - Undrawn 22025-12-310001925531nmg4:CoupaHoldingsLLCMembernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531Daxko Acquisition Corporation | First Lien - Undrawn 12025-12-310001925531Daxko Acquisition Corporation | First Lien - Undrawn 22025-12-310001925531nmg4:DaxkoAcquisitionCorporationMembernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531Diligent Corporation | First Lien - Undrawn 12025-12-310001925531Diligent Corporation | First Lien - Undrawn 22025-12-310001925531nmg4:DiligentCorporationMembernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531DOCS, MSO, LLC | First Lien - Undrawn2025-12-310001925531Al Altius US Bidco, Inc. | First Lien - Undrawn2025-12-310001925531KENG Acquisition, Inc. | First Lien - Undrawn 12025-12-310001925531KENG Acquisition, Inc. | First Lien - Undrawn 22025-12-310001925531nmg4:KENGAcquisitionInc.Membernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531Icefall Parent, Inc. | First Lien - Undrawn2025-12-310001925531KENE Acquisition, Inc.. | First Lien - Undrawn 12025-12-310001925531KENE Acquisition, Inc.. | First Lien - Undrawn 22025-12-310001925531nmg4:KENEAcquisitionInc.Membernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531eResearchTechnology, Inc. | First Lien - Undrawn 12025-12-310001925531eResearchTechnology, Inc. | First Lien - Undrawn 22025-12-310001925531nmg4:EResearchTechnologyInc.Membernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531Foreside Financial Group, LLC | First Lien - Undrawn 12025-12-310001925531Foreside Financial Group, LLC | First Lien - Undrawn 22025-12-310001925531nmg4:ForesideFinancialGroupLLCMembernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531Superman Holdings, LLC | First Lien - Undrawn2025-12-310001925531GHX Ultimate Parent Corporation | First Lien - Undrawn2025-12-310001925531IEM New Sub 2, LLC | First Lien - Undrawn2025-12-310001925531IG Investments Holdings, LLC | First Lien - Undrawn2025-12-310001925531GS Acquisitionco, Inc. | First Lien - Undrawn 12025-12-310001925531GS Acquisitionco, Inc. | First Lien - Undrawn 22025-12-310001925531nmg4:GSAcquisitioncoInc.Membernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531Kele Holdco, Inc. | First Lien - Undrawn2025-12-310001925531Legends Hospitality Holding Company, LLC | First Lien - Undrawn 12025-12-310001925531Legends Hospitality Holding Company, LLC | First Lien - Undrawn 22025-12-310001925531nmg4:LegendsHospitalityHoldingCompanyLLCMembernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531MAI Capital Management Intermediate LLC | First Lien - Undrawn2025-12-310001925531Model N, Inc. | First Lien - Undrawn 12025-12-310001925531Model N, Inc. | First Lien - Undrawn 22025-12-310001925531nmg4:ModelNInc.Membernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531MRI Software LLC | First Lien - Undrawn 12025-12-310001925531MRI Software LLC | First Lien - Undrawn 22025-12-310001925531nmg4:MRISoftwareLLCMembernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531NC Topco, LLC | First Lien - Undrawn 12025-12-310001925531NC Topco, LLC | First Lien - Undrawn 22025-12-310001925531nmg4:NCTopcoLLCMembernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531Next Holdco, LLC | First Lien - Undrawn2025-12-310001925531OB Hospitalist Group, Inc. | First Lien - Undrawn2025-12-310001925531Optimizely North America Inc. | First Lien - Undrawn2025-12-310001925531Pioneer Buyer I, LLC | First Lien - Undrawn2025-12-310001925531PDI TA Holdings, Inc. | First Lien - Undrawn2025-12-310001925531PDQ.COM Corporation | First Lien - Undrawn 12025-12-310001925531PDQ.COM Corporation | First Lien - Undrawn 22025-12-310001925531nmg4:PDQ.COMCorporationMembernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531Radwell Parent, LLC | First Lien - Undrawn2025-12-310001925531Runway Bidco, LLC | First Lien - Undrawn 12025-12-310001925531Runway Bidco, LLC | First Lien - Undrawn 22025-12-310001925531nmg4:RunwayBidcoLLCMembernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531Relativity ODA LLC | First Lien - Undrawn2025-12-310001925531Riskonnect Parent, LLC | First Lien - Undrawn2025-12-310001925531Safety Borrower Holdings LLC | First Lien - Undrawn 12025-12-310001925531Safety Borrower Holdings LLC | First Lien - Undrawn 22025-12-310001925531nmg4:SafetyBorrowerHoldingsLLCMembernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531Zone Climate Services, Inc. | First Lien - Undrawn2025-12-310001925531Healthspan Buyer, LLC | First Lien - Undrawn2025-12-310001925531Trinity Air Consultants Holdings Corporation | First Lien - Undrawn 12025-12-310001925531Trinity Air Consultants Holdings Corporation | First Lien - Undrawn 22025-12-310001925531nmg4:TrinityAirConsultantsHoldingsCorporationMembernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531CentralSquare Technologies, LLC | First Lien - Undrawn2025-12-310001925531USRP Holdings, Inc. | First Lien - Undrawn 12025-12-310001925531USRP Holdings, Inc. | First Lien - Undrawn 22025-12-310001925531nmg4:USRPHoldingsInc.Membernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531Vessco Midco Holdings, LLC | First Lien - Undrawn 12025-12-310001925531Vessco Midco Holdings, LLC | First Lien - Undrawn 22025-12-310001925531Vessco Midco Holdings, LLC | First Lien - Undrawn 32025-12-310001925531Vessco Midco Holdings, LLC | First Lien - Undrawn 42025-12-310001925531nmg4:VesscoMidcoHoldingsLLCMembernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531PPV Intermediate Holdings, LLC | First Lien - Undrawn2025-12-310001925531Viper Bidco, Inc. | First Lien - Undrawn2025-12-310001925531YLG Holdings, Inc. | First Lien - Undrawn 12025-12-310001925531YLG Holdings, Inc. | First Lien - Undrawn 22025-12-310001925531nmg4:YLGHoldingsInc.Membernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531Arrow Borrower 2025, Inc. | First Lien - Undrawn2025-12-310001925531PROS Parent, Inc. | First Lien - Undrawn2025-12-310001925531Maverick Bidco Inc. | First Lien - Undrawn 12025-12-310001925531Maverick Bidco Inc. | First Lien - Undrawn 22025-12-310001925531nmg4:MaverickBidcoInc.Membernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531Archduke Buyer, Inc. | First Lien - Undrawn2025-12-310001925531Denali Intermediate Holdings, Inc. | First Lien - Undrawn2025-12-310001925531Victors Purchaser, LLC | First Lien - Undrawn 12025-12-310001925531Victors Purchaser, LLC | First Lien - Undrawn 22025-12-310001925531nmg4:VictorsPurchaserLLCMembernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531DigiCert, Inc. | First Lien - Undrawn2025-12-310001925531Centegix Intermediate II, LLC | First Lien - Undrawn 12025-12-310001925531Centegix Intermediate II, LLC | First Lien - Undrawn 22025-12-310001925531nmg4:CentegixIntermediateIILLCMembernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531Xactly Corporation | First Lien - Undrawn2025-12-310001925531Jeppesen Holdings, LLC | First Lien - Undrawn2025-12-310001925531Vehlo Purchaser, LLC | First Lien - Undrawn2025-12-310001925531Lighthouse Buyer, Inc. | First Lien - Undrawn 12025-12-310001925531Lighthouse Buyer, Inc. | First Lien - Undrawn 22025-12-310001925531nmg4:LighthouseBuyerInc.Membernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531Databricks, Inc. | First Lien - Undrawn 12025-12-310001925531Databricks, Inc. | First Lien - Undrawn 22025-12-310001925531nmg4:DatabricksInc.Membernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531Businessolver.com, Inc. | First Lien - Undrawn 12025-12-310001925531Businessolver.com, Inc. | First Lien - Undrawn 22025-12-310001925531nmg4:Businessolver.comInc.Membernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531Wrench Group LLC | First Lien - Undrawn 12025-12-310001925531Wrench Group LLC | First Lien - Undrawn 22025-12-310001925531nmg4:WrenchGroupLLCMembernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531Pike Corporation | First Lien - Undrawn 12025-12-310001925531Pike Corporation | First Lien - Undrawn 22025-12-310001925531nmg4:PikeCorporationMembernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531HP TLE Buyer, Inc. | First Lien - Undrawn2025-12-310001925531Firebird Acquisition Corp, Inc. | First Lien - Undrawn 12025-12-310001925531Firebird Acquisition Corp, Inc. | First Lien - Undrawn 22025-12-310001925531nmg4:FirebirdAcquisitionCorpIncMembernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531RailPros Parent, LLC | First Lien - Undrawn 12025-12-310001925531RailPros Parent, LLC | First Lien - Undrawn 22025-12-310001925531nmg4:RailProsParentLLCMembernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531Sierra Enterprises, LLC | First Lien - Undrawn2025-12-310001925531Fullsteam Operations LLC | First Lien - Undrawn 12025-12-310001925531Fullsteam Operations LLC | First Lien - Undrawn 22025-12-310001925531nmg4:FullsteamOperationsLLCMembernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531The Ultimus Group Midco, LLC | First Lien - Undrawn 12025-12-310001925531The Ultimus Group Midco, LLC | First Lien - Undrawn 22025-12-310001925531nmg4:TheUltimusGroupMidcoLLCMembernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531Low Voltage Holdings Inc. | First Lien - Undrawn 12025-12-310001925531Low Voltage Holdings Inc. | First Lien - Undrawn 22025-12-310001925531nmg4:LowVoltageHoldingsInc.Membernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531Bonterra LLC | First Lien - Undrawn 12025-12-310001925531Bonterra LLC | First Lien - Undrawn 22025-12-310001925531nmg4:BonterraLLCMembernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531Meta Buyer LLC | First Lien - Undrawn 12025-12-310001925531Meta Buyer LLC | First Lien - Undrawn 22025-12-310001925531Meta Buyer LLC | First Lien - Undrawn 32025-12-310001925531nmg4:MetaBuyerLLCMembernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531Packaging Coordinators Midco, Inc. | First Lien - Undrawn 12025-12-310001925531Packaging Coordinators Midco, Inc. | First Lien - Undrawn 22025-12-310001925531Packaging Coordinators Midco, Inc. | First Lien - Undrawn 32025-12-310001925531Packaging Coordinators Midco, Inc. | First Lien - Undrawn 42025-12-310001925531Packaging Coordinators Midco, Inc. | First Lien - Undrawn 52025-12-310001925531nmg4:PackagingCoordinatorsMidcoInc.Membernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531LogRhythm, Inc. | First Lien - Undrawn2025-12-310001925531Diamondback Acquisition, Inc. | First Lien - Undrawn 12025-12-310001925531Diamondback Acquisition, Inc. | First Lien - Undrawn 22025-12-310001925531nmg4:DiamondbackAcquisitionInc.Membernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531DT1 Midco Corp. | First Lien - Undrawn 12025-12-310001925531DT1 Midco Corp. | First Lien - Undrawn 22025-12-310001925531nmg4:DT1MidcoCorp.Membernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531iCIMS, Inc. | First Lien - Undrawn2025-12-310001925531MedX Holdings, LLC | First Lien - Undrawn 12025-12-310001925531MedX Holdings, LLC | First Lien - Undrawn 22025-12-310001925531nmg4:MedXHoldingsLLCMembernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531Vamos Bidco, Inc. | First Lien - Undrawn 12025-12-310001925531Vamos Bidco, Inc. | First Lien - Undrawn 22025-12-310001925531nmg4:VamosBidcoInc.Membernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531Einstein Parent, Inc. | First Lien - Undrawn2025-12-310001925531PetVet Care Centers, LLC | First Lien - Undrawn2025-12-310001925531country:USnmg4:UnfundedDebtSecuritiesMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-12-310001925531Adelaide Borrower, LLC | First Lien - Undrawn 12025-12-310001925531Adelaide Borrower, LLC | First Lien - Undrawn 22025-12-310001925531nmg4:AdelaideBorrowerLLCMembernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531Atlas AU Bidco Pty Ltd | First Lien - Undrawn2025-12-310001925531country:AUnmg4:UnfundedDebtSecuritiesMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-12-310001925531Datheos Bidco | First Lien - Undrawn2025-12-310001925531country:FRnmg4:UnfundedDebtSecuritiesMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-12-310001925531Ciklum Inc | First Lien - Undrawn2025-12-310001925531country:GBnmg4:UnfundedDebtSecuritiesMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-12-310001925531us-gaap:InvestmentUnaffiliatedIssuerMembernmg4:UnfundedDebtSecuritiesMember2025-12-310001925531us-gaap:InvestmentUnaffiliatedIssuerMember2025-12-310001925531 Eclipse Topco, Inc. | Preferred shares2025-12-310001925531FS WhiteWater Holdings, LLC | Class B preferred units2025-12-310001925531nmg4:DebtSecuritiesFirstLienMembernmg4:InvestmentTypeConcentrationRiskMembernmg4:InvestmentsAtFairValueMember2025-01-012025-12-310001925531nmg4:DebtSecuritiesSecondLienMembernmg4:InvestmentTypeConcentrationRiskMembernmg4:InvestmentsAtFairValueMember2025-01-012025-12-310001925531us-gaap:SubordinatedDebtMembernmg4:InvestmentTypeConcentrationRiskMembernmg4:InvestmentsAtFairValueMember2025-01-012025-12-310001925531nmg4:StructuredFinanceObligationsMembernmg4:InvestmentTypeConcentrationRiskMembernmg4:InvestmentsAtFairValueMember2025-01-012025-12-310001925531us-gaap:OtherAggregatedInvestmentsMembernmg4:InvestmentTypeConcentrationRiskMembernmg4:InvestmentsAtFairValueMember2025-01-012025-12-3100019255312025-01-012025-12-310001925531nmg4:BusinessServicesSectorMembernmg4:IndustryConcentrationRiskMembernmg4:InvestmentsAtFairValueMember2025-01-012025-12-310001925531nmg4:SoftwareSectorMembernmg4:IndustryConcentrationRiskMembernmg4:InvestmentsAtFairValueMember2025-01-012025-12-310001925531nmg4:FinancialServicesTechnologyMembernmg4:IndustryConcentrationRiskMembernmg4:InvestmentsAtFairValueMember2025-01-012025-12-310001925531us-gaap:HealthcareSectorMembernmg4:IndustryConcentrationRiskMembernmg4:InvestmentsAtFairValueMember2025-01-012025-12-310001925531nmg4:ConsumerServicesSectorMembernmg4:IndustryConcentrationRiskMembernmg4:InvestmentsAtFairValueMember2025-01-012025-12-310001925531nmg4:EducationSectorMembernmg4:IndustryConcentrationRiskMembernmg4:InvestmentsAtFairValueMember2025-01-012025-12-310001925531nmg4:BusinessProductsSectorMembernmg4:IndustryConcentrationRiskMembernmg4:InvestmentsAtFairValueMember2025-01-012025-12-310001925531us-gaap:FoodAndBeverageSectorMembernmg4:IndustryConcentrationRiskMembernmg4:InvestmentsAtFairValueMember2025-01-012025-12-310001925531nmg4:PackagingSectorMembernmg4:IndustryConcentrationRiskMembernmg4:InvestmentsAtFairValueMember2025-01-012025-12-310001925531us-gaap:TransportationSectorMembernmg4:IndustryConcentrationRiskMembernmg4:InvestmentsAtFairValueMember2025-01-012025-12-310001925531nmg4:InvestmentFundSectorMembernmg4:IndustryConcentrationRiskMembernmg4:InvestmentsAtFairValueMember2025-01-012025-12-310001925531nmg4:DebtSecuritiesFloatingInterestRateMembernmg4:InterestRateTypeRiskMembernmg4:InvestmentsAtFairValueMember2025-01-012025-12-310001925531nmg4:DebtSecuritiesFixedInterestRateMembernmg4:InterestRateTypeRiskMembernmg4:InvestmentsAtFairValueMember2025-01-012025-12-310001925531nmg4:NewMountainCapitalMember2026-03-310001925531us-gaap:PrivatePlacementMember2022-05-042022-05-040001925531us-gaap:PrivatePlacementMember2023-12-062023-12-0600019255312022-05-040001925531srt:MinimumMember2026-01-012026-03-310001925531srt:MaximumMember2026-01-012026-03-310001925531nmg4:InvestmentManagementAgreementMembersrt:AffiliatedEntityMember2026-01-012026-03-310001925531nmg4:DebtSecuritiesFirstLienMember2026-03-310001925531nmg4:DebtSecuritiesFirstLienMemberus-gaap:FairValueInputsLevel1Member2026-03-310001925531nmg4:DebtSecuritiesFirstLienMemberus-gaap:FairValueInputsLevel2Member2026-03-310001925531nmg4:DebtSecuritiesFirstLienMemberus-gaap:FairValueInputsLevel3Member2026-03-310001925531nmg4:DebtSecuritiesSecondLienMember2026-03-310001925531nmg4:DebtSecuritiesSecondLienMemberus-gaap:FairValueInputsLevel1Member2026-03-310001925531nmg4:DebtSecuritiesSecondLienMemberus-gaap:FairValueInputsLevel2Member2026-03-310001925531nmg4:DebtSecuritiesSecondLienMemberus-gaap:FairValueInputsLevel3Member2026-03-310001925531us-gaap:SubordinatedDebtMember2026-03-310001925531us-gaap:SubordinatedDebtMemberus-gaap:FairValueInputsLevel1Member2026-03-310001925531us-gaap:SubordinatedDebtMemberus-gaap:FairValueInputsLevel2Member2026-03-310001925531us-gaap:SubordinatedDebtMemberus-gaap:FairValueInputsLevel3Member2026-03-310001925531us-gaap:StructuredFinanceMember2026-03-310001925531us-gaap:StructuredFinanceMemberus-gaap:FairValueInputsLevel1Member2026-03-310001925531us-gaap:StructuredFinanceMemberus-gaap:FairValueInputsLevel2Member2026-03-310001925531us-gaap:StructuredFinanceMemberus-gaap:FairValueInputsLevel3Member2026-03-310001925531us-gaap:OtherAggregatedInvestmentsMember2026-03-310001925531us-gaap:OtherAggregatedInvestmentsMemberus-gaap:FairValueInputsLevel1Member2026-03-310001925531us-gaap:OtherAggregatedInvestmentsMemberus-gaap:FairValueInputsLevel2Member2026-03-310001925531us-gaap:OtherAggregatedInvestmentsMemberus-gaap:FairValueInputsLevel3Member2026-03-310001925531us-gaap:FairValueInputsLevel1Member2026-03-310001925531us-gaap:FairValueInputsLevel2Member2026-03-310001925531us-gaap:FairValueInputsLevel3Member2026-03-310001925531nmg4:DebtSecuritiesFirstLienMember2025-12-310001925531nmg4:DebtSecuritiesFirstLienMemberus-gaap:FairValueInputsLevel1Member2025-12-310001925531nmg4:DebtSecuritiesFirstLienMemberus-gaap:FairValueInputsLevel2Member2025-12-310001925531nmg4:DebtSecuritiesFirstLienMemberus-gaap:FairValueInputsLevel3Member2025-12-310001925531nmg4:DebtSecuritiesSecondLienMember2025-12-310001925531nmg4:DebtSecuritiesSecondLienMemberus-gaap:FairValueInputsLevel1Member2025-12-310001925531nmg4:DebtSecuritiesSecondLienMemberus-gaap:FairValueInputsLevel2Member2025-12-310001925531nmg4:DebtSecuritiesSecondLienMemberus-gaap:FairValueInputsLevel3Member2025-12-310001925531us-gaap:SubordinatedDebtMember2025-12-310001925531us-gaap:SubordinatedDebtMemberus-gaap:FairValueInputsLevel1Member2025-12-310001925531us-gaap:SubordinatedDebtMemberus-gaap:FairValueInputsLevel2Member2025-12-310001925531us-gaap:SubordinatedDebtMemberus-gaap:FairValueInputsLevel3Member2025-12-310001925531us-gaap:StructuredFinanceMember2025-12-310001925531us-gaap:StructuredFinanceMemberus-gaap:FairValueInputsLevel1Member2025-12-310001925531us-gaap:StructuredFinanceMemberus-gaap:FairValueInputsLevel2Member2025-12-310001925531us-gaap:StructuredFinanceMemberus-gaap:FairValueInputsLevel3Member2025-12-310001925531us-gaap:OtherAggregatedInvestmentsMember2025-12-310001925531us-gaap:OtherAggregatedInvestmentsMemberus-gaap:FairValueInputsLevel1Member2025-12-310001925531us-gaap:OtherAggregatedInvestmentsMemberus-gaap:FairValueInputsLevel2Member2025-12-310001925531us-gaap:OtherAggregatedInvestmentsMemberus-gaap:FairValueInputsLevel3Member2025-12-310001925531us-gaap:FairValueInputsLevel1Member2025-12-310001925531us-gaap:FairValueInputsLevel2Member2025-12-310001925531us-gaap:FairValueInputsLevel3Member2025-12-310001925531us-gaap:InvestmentsMember2025-12-310001925531nmg4:DebtSecuritiesFirstLienMember2025-12-310001925531nmg4:DebtSecuritiesSecondLienMember2025-12-310001925531us-gaap:SubordinatedDebtMember2025-12-310001925531us-gaap:StructuredFinanceMember2025-12-310001925531us-gaap:OtherAggregatedInvestmentsMember2025-12-310001925531us-gaap:InvestmentsMembernmg4:DebtAndEquitySecuritiesRealizedGainLossMember2026-01-012026-03-310001925531nmg4:DebtSecuritiesFirstLienMembernmg4:DebtAndEquitySecuritiesRealizedGainLossMember2026-01-012026-03-310001925531nmg4:DebtSecuritiesSecondLienMembernmg4:DebtAndEquitySecuritiesRealizedGainLossMember2026-01-012026-03-310001925531us-gaap:SubordinatedDebtMembernmg4:DebtAndEquitySecuritiesRealizedGainLossMember2026-01-012026-03-310001925531us-gaap:StructuredFinanceMembernmg4:DebtAndEquitySecuritiesRealizedGainLossMember2026-01-012026-03-310001925531us-gaap:OtherAggregatedInvestmentsMembernmg4:DebtAndEquitySecuritiesRealizedGainLossMember2026-01-012026-03-310001925531us-gaap:InvestmentsMembernmg4:DebtAndEquitySecuritiesUnrealizedGainLossMember2026-01-012026-03-310001925531nmg4:DebtSecuritiesFirstLienMembernmg4:DebtAndEquitySecuritiesUnrealizedGainLossMember2026-01-012026-03-310001925531nmg4:DebtSecuritiesSecondLienMembernmg4:DebtAndEquitySecuritiesUnrealizedGainLossMember2026-01-012026-03-310001925531us-gaap:SubordinatedDebtMembernmg4:DebtAndEquitySecuritiesUnrealizedGainLossMember2026-01-012026-03-310001925531us-gaap:StructuredFinanceMembernmg4:DebtAndEquitySecuritiesUnrealizedGainLossMember2026-01-012026-03-310001925531us-gaap:OtherAggregatedInvestmentsMembernmg4:DebtAndEquitySecuritiesUnrealizedGainLossMember2026-01-012026-03-310001925531us-gaap:InvestmentsMember2026-01-012026-03-310001925531nmg4:DebtSecuritiesFirstLienMember2026-01-012026-03-310001925531nmg4:DebtSecuritiesSecondLienMember2026-01-012026-03-310001925531us-gaap:SubordinatedDebtMember2026-01-012026-03-310001925531us-gaap:StructuredFinanceMember2026-01-012026-03-310001925531us-gaap:OtherAggregatedInvestmentsMember2026-01-012026-03-310001925531us-gaap:InvestmentsMember2026-03-310001925531nmg4:DebtSecuritiesFirstLienMember2026-03-310001925531nmg4:DebtSecuritiesSecondLienMember2026-03-310001925531us-gaap:SubordinatedDebtMember2026-03-310001925531us-gaap:StructuredFinanceMember2026-03-310001925531us-gaap:OtherAggregatedInvestmentsMember2026-03-310001925531us-gaap:InvestmentsMember2024-12-310001925531nmg4:DebtSecuritiesFirstLienMember2024-12-310001925531nmg4:DebtSecuritiesSecondLienMember2024-12-310001925531us-gaap:SubordinatedDebtMember2024-12-310001925531us-gaap:StructuredFinanceMember2024-12-310001925531us-gaap:OtherAggregatedInvestmentsMember2024-12-310001925531us-gaap:InvestmentsMembernmg4:DebtAndEquitySecuritiesRealizedGainLossMember2025-01-012025-03-310001925531nmg4:DebtSecuritiesFirstLienMembernmg4:DebtAndEquitySecuritiesRealizedGainLossMember2025-01-012025-03-310001925531nmg4:DebtSecuritiesSecondLienMembernmg4:DebtAndEquitySecuritiesRealizedGainLossMember2025-01-012025-03-310001925531us-gaap:SubordinatedDebtMembernmg4:DebtAndEquitySecuritiesRealizedGainLossMember2025-01-012025-03-310001925531us-gaap:StructuredFinanceMembernmg4:DebtAndEquitySecuritiesRealizedGainLossMember2025-01-012025-03-310001925531us-gaap:OtherAggregatedInvestmentsMembernmg4:DebtAndEquitySecuritiesRealizedGainLossMember2025-01-012025-03-310001925531us-gaap:InvestmentsMembernmg4:DebtAndEquitySecuritiesUnrealizedGainLossMember2025-01-012025-03-310001925531nmg4:DebtSecuritiesFirstLienMembernmg4:DebtAndEquitySecuritiesUnrealizedGainLossMember2025-01-012025-03-310001925531nmg4:DebtSecuritiesSecondLienMembernmg4:DebtAndEquitySecuritiesUnrealizedGainLossMember2025-01-012025-03-310001925531us-gaap:SubordinatedDebtMembernmg4:DebtAndEquitySecuritiesUnrealizedGainLossMember2025-01-012025-03-310001925531us-gaap:StructuredFinanceMembernmg4:DebtAndEquitySecuritiesUnrealizedGainLossMember2025-01-012025-03-310001925531us-gaap:OtherAggregatedInvestmentsMembernmg4:DebtAndEquitySecuritiesUnrealizedGainLossMember2025-01-012025-03-310001925531us-gaap:InvestmentsMember2025-01-012025-03-310001925531nmg4:DebtSecuritiesFirstLienMember2025-01-012025-03-310001925531nmg4:DebtSecuritiesSecondLienMember2025-01-012025-03-310001925531us-gaap:SubordinatedDebtMember2025-01-012025-03-310001925531us-gaap:StructuredFinanceMember2025-01-012025-03-310001925531us-gaap:OtherAggregatedInvestmentsMember2025-01-012025-03-310001925531us-gaap:InvestmentsMember2025-03-310001925531nmg4:DebtSecuritiesFirstLienMember2025-03-310001925531nmg4:DebtSecuritiesSecondLienMember2025-03-310001925531us-gaap:SubordinatedDebtMember2025-03-310001925531us-gaap:StructuredFinanceMember2025-03-310001925531us-gaap:OtherAggregatedInvestmentsMember2025-03-310001925531nmg4:DebtSecuritiesFirstLienMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMember2026-03-310001925531nmg4:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MinimumMember2026-03-310001925531nmg4:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MaximumMember2026-03-310001925531nmg4:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:WeightedAverageMember2026-03-310001925531nmg4:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MinimumMember2026-03-310001925531nmg4:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MaximumMember2026-03-310001925531nmg4:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:WeightedAverageMember2026-03-310001925531nmg4:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MinimumMember2026-03-310001925531nmg4:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MaximumMember2026-03-310001925531nmg4:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:WeightedAverageMember2026-03-310001925531nmg4:DebtSecuritiesFirstLienMemberus-gaap:FairValueInputsLevel3Membernmg4:OtherValuationTechniqueMember2026-03-310001925531nmg4:DebtSecuritiesSecondLienMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMember2026-03-310001925531nmg4:DebtSecuritiesSecondLienMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MinimumMember2026-03-310001925531nmg4:DebtSecuritiesSecondLienMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MaximumMember2026-03-310001925531nmg4:DebtSecuritiesSecondLienMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:WeightedAverageMember2026-03-310001925531nmg4:DebtSecuritiesSecondLienMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MinimumMember2026-03-310001925531nmg4:DebtSecuritiesSecondLienMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MaximumMember2026-03-310001925531nmg4:DebtSecuritiesSecondLienMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:WeightedAverageMember2026-03-310001925531nmg4:DebtSecuritiesSecondLienMemberus-gaap:FairValueInputsLevel3Membernmg4:OtherValuationTechniqueMember2026-03-310001925531us-gaap:SubordinatedDebtMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMember2026-03-310001925531us-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MinimumMember2026-03-310001925531us-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MaximumMember2026-03-310001925531us-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:WeightedAverageMember2026-03-310001925531us-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MinimumMember2026-03-310001925531us-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MaximumMember2026-03-310001925531us-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:WeightedAverageMember2026-03-310001925531us-gaap:StructuredFinanceMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMember2026-03-310001925531us-gaap:StructuredFinanceMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:MinimumMember2026-03-310001925531us-gaap:StructuredFinanceMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:MaximumMember2026-03-310001925531us-gaap:StructuredFinanceMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:WeightedAverageMember2026-03-310001925531us-gaap:OtherAggregatedInvestmentsMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMember2026-03-310001925531us-gaap:OtherAggregatedInvestmentsMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MinimumMember2026-03-310001925531us-gaap:OtherAggregatedInvestmentsMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MaximumMember2026-03-310001925531us-gaap:OtherAggregatedInvestmentsMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:WeightedAverageMember2026-03-310001925531us-gaap:OtherAggregatedInvestmentsMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MinimumMember2026-03-310001925531us-gaap:OtherAggregatedInvestmentsMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MaximumMember2026-03-310001925531us-gaap:OtherAggregatedInvestmentsMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:WeightedAverageMember2026-03-310001925531us-gaap:OtherAggregatedInvestmentsMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MinimumMember2026-03-310001925531us-gaap:OtherAggregatedInvestmentsMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MaximumMember2026-03-310001925531us-gaap:OtherAggregatedInvestmentsMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:WeightedAverageMember2026-03-310001925531nmg4:DebtSecuritiesFirstLienMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMember2025-12-310001925531nmg4:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MinimumMember2025-12-310001925531nmg4:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MaximumMember2025-12-310001925531nmg4:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:WeightedAverageMember2025-12-310001925531nmg4:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MinimumMember2025-12-310001925531nmg4:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MaximumMember2025-12-310001925531nmg4:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:WeightedAverageMember2025-12-310001925531nmg4:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MinimumMember2025-12-310001925531nmg4:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MaximumMember2025-12-310001925531nmg4:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:WeightedAverageMember2025-12-310001925531nmg4:DebtSecuritiesFirstLienMemberus-gaap:FairValueInputsLevel3Membernmg4:OtherValuationTechniqueMember2025-12-310001925531nmg4:DebtSecuritiesSecondLienMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMember2025-12-310001925531nmg4:DebtSecuritiesSecondLienMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MinimumMember2025-12-310001925531nmg4:DebtSecuritiesSecondLienMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MaximumMember2025-12-310001925531nmg4:DebtSecuritiesSecondLienMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:WeightedAverageMember2025-12-310001925531nmg4:DebtSecuritiesSecondLienMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MinimumMember2025-12-310001925531nmg4:DebtSecuritiesSecondLienMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MaximumMember2025-12-310001925531nmg4:DebtSecuritiesSecondLienMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:WeightedAverageMember2025-12-310001925531us-gaap:SubordinatedDebtMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMember2025-12-310001925531us-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MinimumMember2025-12-310001925531us-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MaximumMember2025-12-310001925531us-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:WeightedAverageMember2025-12-310001925531us-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MinimumMember2025-12-310001925531us-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MaximumMember2025-12-310001925531us-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:WeightedAverageMember2025-12-310001925531us-gaap:StructuredFinanceMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMember2025-12-310001925531us-gaap:StructuredFinanceMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:MinimumMember2025-12-310001925531us-gaap:StructuredFinanceMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:MaximumMember2025-12-310001925531us-gaap:StructuredFinanceMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:WeightedAverageMember2025-12-310001925531us-gaap:OtherAggregatedInvestmentsMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMember2025-12-310001925531us-gaap:OtherAggregatedInvestmentsMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MinimumMember2025-12-310001925531us-gaap:OtherAggregatedInvestmentsMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MaximumMember2025-12-310001925531us-gaap:OtherAggregatedInvestmentsMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:WeightedAverageMember2025-12-310001925531us-gaap:OtherAggregatedInvestmentsMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MinimumMember2025-12-310001925531us-gaap:OtherAggregatedInvestmentsMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MaximumMember2025-12-310001925531us-gaap:OtherAggregatedInvestmentsMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:WeightedAverageMember2025-12-310001925531us-gaap:OtherAggregatedInvestmentsMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MinimumMember2025-12-310001925531us-gaap:OtherAggregatedInvestmentsMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:MaximumMember2025-12-310001925531us-gaap:OtherAggregatedInvestmentsMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membernmg4:ValuationMarketAndIncomeApproachMembersrt:WeightedAverageMember2025-12-310001925531us-gaap:RevolvingCreditFacilityMemberus-gaap:CarryingReportedAmountFairValueDisclosureMembernmg4:UBSCreditFacilityMemberus-gaap:LineOfCreditMember2026-03-310001925531us-gaap:RevolvingCreditFacilityMemberus-gaap:EstimateOfFairValueFairValueDisclosureMembernmg4:UBSCreditFacilityMemberus-gaap:LineOfCreditMember2026-03-310001925531us-gaap:RevolvingCreditFacilityMemberus-gaap:CarryingReportedAmountFairValueDisclosureMembernmg4:UBSCreditFacilityMemberus-gaap:LineOfCreditMember2025-12-310001925531us-gaap:RevolvingCreditFacilityMemberus-gaap:EstimateOfFairValueFairValueDisclosureMembernmg4:UBSCreditFacilityMemberus-gaap:LineOfCreditMember2025-12-310001925531us-gaap:RevolvingCreditFacilityMemberus-gaap:CarryingReportedAmountFairValueDisclosureMembernmg4:WellsCreditFacilityMemberus-gaap:LineOfCreditMember2026-03-310001925531us-gaap:RevolvingCreditFacilityMemberus-gaap:EstimateOfFairValueFairValueDisclosureMembernmg4:WellsCreditFacilityMemberus-gaap:LineOfCreditMember2026-03-310001925531us-gaap:RevolvingCreditFacilityMemberus-gaap:CarryingReportedAmountFairValueDisclosureMembernmg4:WellsCreditFacilityMemberus-gaap:LineOfCreditMember2025-12-310001925531us-gaap:RevolvingCreditFacilityMemberus-gaap:EstimateOfFairValueFairValueDisclosureMembernmg4:WellsCreditFacilityMemberus-gaap:LineOfCreditMember2025-12-310001925531us-gaap:CarryingReportedAmountFairValueDisclosureMember2026-03-310001925531us-gaap:EstimateOfFairValueFairValueDisclosureMember2026-03-310001925531us-gaap:CarryingReportedAmountFairValueDisclosureMember2025-12-310001925531us-gaap:EstimateOfFairValueFairValueDisclosureMember2025-12-310001925531us-gaap:RevolvingCreditFacilityMemberus-gaap:CarryingReportedAmountFairValueDisclosureMembernmg4:WellsCreditFacilityDenominatedMemberus-gaap:LineOfCreditMember2026-03-310001925531us-gaap:RevolvingCreditFacilityMemberus-gaap:EstimateOfFairValueFairValueDisclosureMembernmg4:WellsCreditFacilityDenominatedMemberus-gaap:LineOfCreditMember2026-03-310001925531us-gaap:ForeignExchangeForwardMember2026-03-310001925531us-gaap:ForeignExchangeForwardMember2026-01-012026-03-310001925531nmg4:DebtSecuritiesFirstLienMember2026-03-310001925531nmg4:DebtSecuritiesSecondLienMember2026-03-310001925531us-gaap:SubordinatedDebtMember2026-03-310001925531us-gaap:StructuredFinanceMember2026-03-310001925531us-gaap:OtherAggregatedInvestmentsMember2026-03-310001925531nmg4:BusinessServicesSectorMember2026-03-310001925531nmg4:SoftwareSectorMember2026-03-310001925531nmg4:FinancialServicesAndTechnologySectorMember2026-03-310001925531us-gaap:HealthcareSectorMember2026-03-310001925531us-gaap:ConsumerSectorMember2026-03-310001925531nmg4:EducationSectorMember2026-03-310001925531nmg4:BusinessProductsSectorMember2026-03-310001925531us-gaap:FoodAndBeverageSectorMember2026-03-310001925531nmg4:PackagingSectorMember2026-03-310001925531us-gaap:TransportationSectorMember2026-03-310001925531nmg4:InvestmentFundSectorMember2026-03-310001925531nmg4:DebtSecuritiesFirstLienMember2025-12-310001925531nmg4:DebtSecuritiesSecondLienMember2025-12-310001925531us-gaap:SubordinatedDebtMember2025-12-310001925531us-gaap:StructuredFinanceMember2025-12-310001925531us-gaap:OtherAggregatedInvestmentsMember2025-12-310001925531nmg4:BusinessServicesSectorMember2025-12-310001925531nmg4:SoftwareSectorMember2025-12-310001925531nmg4:FinancialServicesAndTechnologySectorMember2025-12-310001925531us-gaap:HealthcareSectorMember2025-12-310001925531us-gaap:ConsumerSectorMember2025-12-310001925531nmg4:EducationSectorMember2025-12-310001925531nmg4:BusinessProductsSectorMember2025-12-310001925531us-gaap:FoodAndBeverageSectorMember2025-12-310001925531nmg4:PackagingSectorMember2025-12-310001925531us-gaap:TransportationSectorMember2025-12-310001925531nmg4:InvestmentFundSectorMember2025-12-310001925531nmg4:InvestmentManagementAgreementMembersrt:AffiliatedEntityMember2022-05-032022-05-030001925531nmg4:InvestmentManagementAgreementMembersrt:AffiliatedEntityMember2026-03-012026-03-010001925531nmg4:InvestmentManagementAgreementMembersrt:AffiliatedEntityMember2022-05-042023-05-090001925531nmg4:InvestmentManagementAgreementMembersrt:AffiliatedEntityMember2026-03-310001925531nmg4:InvestmentManagementAgreementQuarterlyHurdleRateMembersrt:AffiliatedEntityMember2022-05-032022-05-030001925531nmg4:InvestmentManagementAgreementAnnualizedHurdleRateMembersrt:AffiliatedEntityMember2022-05-032022-05-030001925531nmg4:InvestmentManagementAgreementPreIncentiveFeeNetInvestmentIncomeBelowCatchUpThresholdMembersrt:AffiliatedEntityMember2022-05-032022-05-030001925531nmg4:InvestmentManagementAgreementQuarterlyCatchUpThresholdMembersrt:AffiliatedEntityMember2022-05-032022-05-030001925531nmg4:InvestmentManagementAgreementAnnualizedCatchUpThresholdMembersrt:AffiliatedEntityMember2022-05-032022-05-030001925531nmg4:InvestmentManagementAgreementPreIncentiveFeeNetInvestmentIncomeExceedsCatchUpThresholdMembersrt:AffiliatedEntityMember2022-05-032022-05-030001925531srt:AffiliatedEntityMember2025-01-012025-03-310001925531srt:AffiliatedEntityMember2026-01-012026-03-310001925531nmg4:InvestmentManagementAgreementRealizedCapitalGainsAnnualizedCumulativeInternalRateOfReturnThresholdMembersrt:AffiliatedEntityMember2022-05-032022-05-030001925531nmg4:InvestmentManagementAgreementRealizedCapitalGainsCumulativeNetRealizedGainsMembersrt:AffiliatedEntityMember2022-05-032022-05-030001925531nmg4:InvestmentManagementAgreementRealizedCapitalGainsCumulativeNetRealizedGainsThresholdMembersrt:AffiliatedEntityMember2022-05-032022-05-030001925531nmg4:InvestmentManagementAgreementRealizedCapitalGainsAdditionalUndistributedCumulativeNetRealizedGainsMembersrt:AffiliatedEntityMember2022-05-032022-05-030001925531nmg4:ExpenseLimitationAndReimbursementAgreementMembersrt:AffiliatedEntityMember2022-05-032022-05-030001925531nmg4:InvestmentManagementAgreementMembersrt:AffiliatedEntityMember2025-01-292025-01-290001925531nmg4:AdministrationAgreementMembersrt:AffiliatedEntityMember2026-01-012026-03-310001925531nmg4:AdministrationAgreementMembersrt:AffiliatedEntityMember2025-01-012025-03-310001925531nmg4:AdministrationAgreementMembersrt:AffiliatedEntityMember2026-03-310001925531nmg4:AdministrationAgreementMembersrt:AffiliatedEntityMember2025-12-310001925531us-gaap:RevolvingCreditFacilityMembernmg4:BMOSubscriptionLineMemberus-gaap:LineOfCreditMember2022-05-090001925531us-gaap:RevolvingCreditFacilityMembernmg4:BMOSubscriptionLineMemberus-gaap:LineOfCreditMember2022-05-092022-05-090001925531us-gaap:RevolvingCreditFacilityMemberus-gaap:PrimeRateMembernmg4:BMOSubscriptionLineMemberus-gaap:LineOfCreditMember2022-05-092022-05-090001925531us-gaap:RevolvingCreditFacilityMembernmg4:SecuredOvernightFinancingRateSOFRQuotedRateMembernmg4:BMOSubscriptionLineMemberus-gaap:LineOfCreditMember2022-05-092022-05-090001925531us-gaap:RevolvingCreditFacilityMembernmg4:SecuredOvernightFinancingRateSOFRThreeMonthTermMembernmg4:BMOSubscriptionLineMemberus-gaap:LineOfCreditMember2022-05-092022-05-090001925531us-gaap:RevolvingCreditFacilityMembernmg4:BMOSubscriptionLineMemberus-gaap:LineOfCreditMember2025-01-012025-03-310001925531us-gaap:RevolvingCreditFacilityMembernmg4:UBSCreditFacilityMemberus-gaap:LineOfCreditMember2023-01-250001925531us-gaap:RevolvingCreditFacilityMemberus-gaap:SecuredOvernightFinancingRateSofrMembernmg4:UBSCreditFacilityMemberus-gaap:LineOfCreditMember2025-11-042025-11-040001925531us-gaap:RevolvingCreditFacilityMemberus-gaap:SecuredOvernightFinancingRateSofrMembernmg4:UBSCreditFacilityMemberus-gaap:LineOfCreditMember2025-11-032025-11-030001925531us-gaap:RevolvingCreditFacilityMemberus-gaap:SecuredOvernightFinancingRateSofrMembernmg4:UBSCreditFacilityMemberus-gaap:LineOfCreditMember2023-01-252023-01-250001925531us-gaap:RevolvingCreditFacilityMembernmg4:UBSCreditFacilityMemberus-gaap:LineOfCreditMember2026-01-012026-03-310001925531us-gaap:RevolvingCreditFacilityMembernmg4:UBSCreditFacilityMemberus-gaap:LineOfCreditMember2025-01-012025-03-310001925531us-gaap:RevolvingCreditFacilityMembernmg4:WellsCreditFacilityMemberus-gaap:LineOfCreditMember2024-05-230001925531us-gaap:RevolvingCreditFacilityMemberus-gaap:SecuredOvernightFinancingRateSofrMembernmg4:WellsCreditFacilityMemberus-gaap:LineOfCreditMember2026-01-132026-01-130001925531us-gaap:RevolvingCreditFacilityMemberus-gaap:SecuredOvernightFinancingRateSofrMembernmg4:WellsCreditFacilityMemberus-gaap:LineOfCreditMember2026-01-122026-01-120001925531us-gaap:RevolvingCreditFacilityMemberus-gaap:SecuredOvernightFinancingRateSofrMembernmg4:WellsCreditFacilityMemberus-gaap:LineOfCreditMember2024-05-232024-05-230001925531us-gaap:RevolvingCreditFacilityMembernmg4:WellsCreditFacilityMemberus-gaap:LineOfCreditMember2026-01-012026-03-310001925531us-gaap:RevolvingCreditFacilityMembernmg4:WellsCreditFacilityMemberus-gaap:LineOfCreditMember2025-01-012025-03-310001925531nmg4:WellsCreditFacilityDenominatedMember2026-03-310001925531nmg4:WellsCreditFacilityDenominatedMember2025-12-310001925531nmg4:UnfundedDebtSecuritiesRevolvingCreditFacilitiesMember2026-03-310001925531nmg4:UnfundedDebtSecuritiesBridgeFacilitiesMember2026-03-310001925531nmg4:UnfundedDebtSecuritiesDelayedDrawsOrOtherFutureFundingCommitmentsMember2026-03-310001925531nmg4:UnfundedDebtSecuritiesDelayedDrawsOrOtherFutureFundingCommitmentsDenominatedMember2026-03-310001925531nmg4:UnfundedDebtSecuritiesRevolvingCreditFacilitiesMember2025-12-310001925531nmg4:UnfundedDebtSecuritiesBridgeFacilitiesMember2025-12-310001925531nmg4:UnfundedDebtSecuritiesDelayedDrawsOrOtherFutureFundingCommitmentsMember2025-12-310001925531nmg4:FinancingCommitmentLetterToPurchaseInvestmentsMember2026-03-310001925531nmg4:FinancingCommitmentLetterToPurchaseInvestmentsMember2025-12-3100019255312026-03-252026-03-2500019255312025-03-252025-03-25\n\n[Table of Contents](#i2a7f71a84fba467e9d02d76f9807951e_10)\n\nUNITED STATES\n\nSECURITIES AND EXCHANGE COMMISSION\n\nWashington, D.C. 20549\n\n_________________________________________________________________________________\n\nFORM 10-Q\n\n_________________________________________________________________________________\n\nýQuarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934\n\nFor the Quarterly Period Ended March 31, 2026\n\noTransition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934\n\n_________________________________________________________________________________\n\nCommission File Number Exact name of registrant as specified in its charter, address of principal executive offices, telephone number and states or other jurisdictions of incorporation or organization I.R.S. Employer\nIdentification Number\n\n000-56437 \nNew Mountain Guardian IV BDC, L.L.C.\n\n1633 Broadway, 48th Floor\n\nNew York, New York 10019\n\nTelephone: (212) 720-0300\n\nState of Organization: Delaware\n 88-1377220\n\n_________________________________________________________________________________\n\nSecurities registered pursuant to Section 12(b) of the Act: None\n\nTitle of each classTrading Symbol(s)Name of each exchange on which registered\n\nNoneN/AN/A\n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 (the \"Exchange Act\") during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ý    No o\n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ý    No o\n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of \"large accelerated filer\", \"accelerated filer\", \"smaller reporting company\" and \"emerging growth company\" in Rule 12b-2 of the Exchange Act.\n\nLarge accelerated filer ☐Accelerated filer ☐\n\nNon-accelerated filer ý\n\nSmaller reporting company ☐\n\nEmerging growth company ☒\n\n    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o\n\n    Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o    No ý\n\n_________________________________________________________________________________\n\nThe number of the registrant's limited liability company units outstanding as of May 12, 2026 was 120,834,931. As of March 31, 2026, there was no established public market for the registrant's limited liability company units.\n\n1\n\n[Table of Contents](#i2a7f71a84fba467e9d02d76f9807951e_10)\n\nFORM 10-Q FOR THE QUARTER ENDED MARCH 31, 2026\n\nTABLE OF CONTENTS\n\n  PAGE\n\n[PART I. FINANCIAL INFORMATION](#i2a7f71a84fba467e9d02d76f9807951e_13)\n\n[Item 1.](#i2a7f71a84fba467e9d02d76f9807951e_16)\n\n[Financial Statements](#i2a7f71a84fba467e9d02d76f9807951e_16)\n\n[Consolidated Statements of Assets, Liabilities and Members' Capital as of March 31, 2026 (unaudited) and December 31, 2025](#i2a7f71a84fba467e9d02d76f9807951e_19)\n\n[3](#i2a7f71a84fba467e9d02d76f9807951e_19)\n\n[Consolidated Statements of Operations for the three months ended](#i2a7f71a84fba467e9d02d76f9807951e_22)[March 31, 2026](#i2a7f71a84fba467e9d02d76f9807951e_19)[(unaudited) and](#i2a7f71a84fba467e9d02d76f9807951e_22)[March 31, 2025](#i2a7f71a84fba467e9d02d76f9807951e_19)[(unaudited)](#i2a7f71a84fba467e9d02d76f9807951e_22)\n\n[4](#i2a7f71a84fba467e9d02d76f9807951e_22)\n\n[Consolidated Statements of Changes in Members' Capital for the three](#i2a7f71a84fba467e9d02d76f9807951e_25)[months ended](#i2a7f71a84fba467e9d02d76f9807951e_25)[March 31, 2026](#i2a7f71a84fba467e9d02d76f9807951e_19)[(unaudited) and](#i2a7f71a84fba467e9d02d76f9807951e_25)[March 31, 2025](#i2a7f71a84fba467e9d02d76f9807951e_19)[(unaudited)](#i2a7f71a84fba467e9d02d76f9807951e_25)\n\n[5](#i2a7f71a84fba467e9d02d76f9807951e_25)\n\n[Consolidated Statements of Cash Flows for the](#i2a7f71a84fba467e9d02d76f9807951e_28)[th](#i2a7f71a84fba467e9d02d76f9807951e_28)[ree](#i2a7f71a84fba467e9d02d76f9807951e_28)[months ended](#i2a7f71a84fba467e9d02d76f9807951e_28)[March 31, 2026](#i2a7f71a84fba467e9d02d76f9807951e_19)[(unaudited) and](#i2a7f71a84fba467e9d02d76f9807951e_28)[March 31, 2025](#i2a7f71a84fba467e9d02d76f9807951e_19)[(unaudited)](#i2a7f71a84fba467e9d02d76f9807951e_28)\n\n[6](#i2a7f71a84fba467e9d02d76f9807951e_28)\n\n[Consolidated Schedule of Investments as of](#i2a7f71a84fba467e9d02d76f9807951e_31)[March 31, 2026](#i2a7f71a84fba467e9d02d76f9807951e_31)[(unaudited)](#i2a7f71a84fba467e9d02d76f9807951e_31)\n\n[7](#i2a7f71a84fba467e9d02d76f9807951e_31)\n\n[Consolidated Schedule of Investments as of December 31, 2025](#i2a7f71a84fba467e9d02d76f9807951e_37)\n\n[32](#i2a7f71a84fba467e9d02d76f9807951e_37)\n\n[Notes to the Consolidated Financial Statements of New Mountain Guardian IV BDC, L.L.C. (unaudited)](#i2a7f71a84fba467e9d02d76f9807951e_43)\n\n[57](#i2a7f71a84fba467e9d02d76f9807951e_43)\n\n[Report of Independent Registered Public Accounting Firm](#i2a7f71a84fba467e9d02d76f9807951e_91)\n\n[79](#i2a7f71a84fba467e9d02d76f9807951e_91)\n\n[Item 2.](#i2a7f71a84fba467e9d02d76f9807951e_94)\n\n[Management's Discussion and Analysis of Financial Condition and Results of Operations](#i2a7f71a84fba467e9d02d76f9807951e_94)\n\n[80](#i2a7f71a84fba467e9d02d76f9807951e_94)\n\n[Item 3.](#i2a7f71a84fba467e9d02d76f9807951e_130)\n\n[Quantitative and Qualitative Disclosures About Market Risk](#i2a7f71a84fba467e9d02d76f9807951e_130)\n\n[91](#i2a7f71a84fba467e9d02d76f9807951e_130)\n\n[Item 4.](#i2a7f71a84fba467e9d02d76f9807951e_133)\n\n[Controls and Procedures](#i2a7f71a84fba467e9d02d76f9807951e_133)\n\n[92](#i2a7f71a84fba467e9d02d76f9807951e_133)\n\n[PART II. OTHER INFORMATION](#i2a7f71a84fba467e9d02d76f9807951e_136)\n\n[Item 1.](#i2a7f71a84fba467e9d02d76f9807951e_139)\n\n[Legal Proceedings](#i2a7f71a84fba467e9d02d76f9807951e_139)\n\n[93](#i2a7f71a84fba467e9d02d76f9807951e_139)\n\n[Item 1A.](#i2a7f71a84fba467e9d02d76f9807951e_142)\n\n[Risk Factors](#i2a7f71a84fba467e9d02d76f9807951e_142)\n\n[93](#i2a7f71a84fba467e9d02d76f9807951e_142)\n\n[Item 2.](#i2a7f71a84fba467e9d02d76f9807951e_145)\n\n[Unregistered Sales of Equity Securities and Use of Proceeds](#i2a7f71a84fba467e9d02d76f9807951e_145)\n\n[94](#i2a7f71a84fba467e9d02d76f9807951e_145)\n\n[Item 3.](#i2a7f71a84fba467e9d02d76f9807951e_148)\n\n[Defaults Upon Senior Securities](#i2a7f71a84fba467e9d02d76f9807951e_148)\n\n[94](#i2a7f71a84fba467e9d02d76f9807951e_148)\n\n[Item 4.](#i2a7f71a84fba467e9d02d76f9807951e_151)\n\n[Mine Safety Disclosures](#i2a7f71a84fba467e9d02d76f9807951e_151)\n\n[94](#i2a7f71a84fba467e9d02d76f9807951e_151)\n\n[Item 5.](#i2a7f71a84fba467e9d02d76f9807951e_154)\n\n[Other Information](#i2a7f71a84fba467e9d02d76f9807951e_154)\n\n[94](#i2a7f71a84fba467e9d02d76f9807951e_154)\n\n[Item 6.](#i2a7f71a84fba467e9d02d76f9807951e_157)\n\n[Exhibits](#i2a7f71a84fba467e9d02d76f9807951e_157)\n\n[95](#i2a7f71a84fba467e9d02d76f9807951e_157)\n\n[Signatures](#i2a7f71a84fba467e9d02d76f9807951e_160)\n\n[96](#i2a7f71a84fba467e9d02d76f9807951e_160)\n\n2\n\n[Table of Contents](#i2a7f71a84fba467e9d02d76f9807951e_10)\n\nPART I. FINANCIAL INFORMATION"}