New Mountain Guardian IV BDC, L.L.C.
AI Executive Summary
AI-powered analysis of 10-Q filing content
New Mountain Guardian IV BDC shows concerning performance deterioration in Q1 2026 with negative earnings per unit of ($0.01) versus positive $0.24 in Q1 2025. The company experienced significant unrealized investment losses of $25.2M and declining members' capital per unit from $9.99 to $9.77, while maintaining strong investment income growth of 13.6% year-over-year.
Red Flags Detected (5)
Net decrease in members' capital of $803K in Q1 2026 versus $19.4M increase in Q1 2025
Massive unrealized investment depreciation of $25.2M in Q1 2026 vs only $1.6M in Q1 2025
Members' capital per unit declined from $9.99 to $9.77 quarter-over-quarter
2 more red flags detected
Key Takeaways
Investment income grew strongly by 13.6% year-over-year to $47.3M
Portfolio valuation under significant pressure with $25.2M unrealized losses
2 more takeaways
Filing Overview
What This Means
Deteriorating Trend: Conditions are worsening compared to previous filings. This may create opportunities for service providers.
Quarterly Report: Interim filing with unaudited financial data for the quarter.