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Financial report summary
?Risks
- No Assurance of Investment Return
- Above Average Degree of Risk
- Role of New Mountain Capital and its Professionals; No Dedicated Investment Team
- Compensation Arrangements
- Limited Operating History
- Misconduct of Employees and of Third‑Party Service Providers
- Risk of Geopolitical Unrest, Terrorist Attacks, or Acts of War
- CERTAIN RISKS RELATING TO PORTFOLIO INVESTMENTS
- Operating and Financial Risks of Portfolio Companies
- Investments in Highly Leveraged Companies
- Unfunded Debt Commitments and Follow‑On Investments
- Portfolio Companies' Other Debts
- Broad Investment Mandate; Unspecified Investments
- Risk of Limited Number of Investments; Dependence on Performance of Certain Investments
- Influence over Management
- Illiquid and Long‑Term Investments
- Investments Longer Than Term
- Highly Competitive Market for Investment Opportunities
- Economic Recessions and Government Spending Cuts
- Portfolio Company Management
- Lack of Control of Portfolio Companies
- Investment in Restructurings
- Investments in Private and Less Established Companies; Risk of Fraud in Portfolio Companies
- Risks of Technology‑Related Investments
- Hedging; Derivative Instruments
- Debt and Mezzanine Investments
- Original Issue Discount and Payment‑In‑Kind Instruments
- Risks Relating to Due Diligence of and Conduct at Portfolio Companies
- Currency and Exchange Rate Risks
- Uncertainty of Financial Projections
- Availability of Insurance Against Certain Catastrophic Losses
- Global Climate Change Risk
- Recent Developments in the Banking Sector
- Dependence on Banking Relationships
- CERTAIN RISKS RELATING TO OUR UNITS AND OPERATIONS
- No Market for Units; Transferability Restrictions
- Valuation of Portfolio Investments
- Management of the Company
- Transactions with Affiliates
- The Investment Adviser and Conflicts of Interest
- License Agreement, Expenses Incurred and Conflicts of Interest including those Associated with the Valuation Process
- Material, Non‑Public Information
- Limited Access to Information
- Possibility of Different Information Rights
- RIC Tax Treatment and Raising Additional Capital
- Failure to Raise Substantial Funds
- Failure to Make Capital Contributions
- Removal of the Investment Adviser or Administrator; Cancellation of Investment Period; Early Termination of the Fund
- Compliance with Anti‑Money Laundering Requirements
- Executive Advisory Council
- Systems and Operational Risks
- Cybersecurity Breaches, Identity Theft and Other Disasters
- CERTAIN MARKET, REGULATORY AND TAX RISKS
- U.S. Credit Rating, the Debt Ceiling and Interest Rate Volatility
- Regulations Governing the Operations of BDCs
- Fluctuations in our Annual and Quarterly Results
- "Emerging Growth Company" Under the JOBS Act
- OFAC and FCPA Considerations
- Risks Associated with the European Union
- U.S. and Worldwide Economic, Political, Regulatory and Financial Market Conditions.
- Inability to Deploy Capital Commitments
- Enhanced Scrutiny and Potential Regulation of the Private Investment Fund Industry
- Alternative Investment Fund Managers Directive
- Registration under the U.S. Commodity Exchange Act
- Legal, Tax and Regulatory Risks
- Taxable Income in Excess of Cash
- Corporate‑level Income Tax
- Publicly Offered Regulated Investment Company
- Possible Legislative or Other Developments
- Potential Tax Reform Legislation
- Taxation in Other Jurisdictions
- Risk Arising from Potential Control Group Liability
- Pay‑To‑Play Laws, Regulations and Policies
- Legal, Regulatory and Policy Changes
Management Discussion
- Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
- The information in management's discussion and analysis of financial condition and results of operations relates to New Mountain Guardian IV Income Fund, L.L.C. (collectively, "we", "us", "our", "GIV Income" or the "Company").
- The information contained in this section should be read in conjunction with the financial data and financial statements and notes thereto appearing elsewhere in this report. Some of the statements in this report (including in the following discussion) constitute forward-looking statements, which relate to future events or our future performance or our financial condition. The forward-looking statements contained in this section involve a number of risks and uncertainties, including: