although we undertake no obligation to revise or update any forward-looking statements , you are advised to consult any additional disclosures that we may make directly to you or through reports that we have filed or in the future may file with the united states securities and exchange commission ( `` sec `` ) , including annual reports on form 10-k , registration statements on form n-2 , quarterly reports on form 10-q and current reports on form 8-k. 55 overview we are a delaware corporation that was originally incorporated on june 29 , 2010 and completed our initial public offering ( `` ipo `` ) on may 19 , 2011. we are a closed-end , non-diversified management investment company that has elected to be regulated as a business development company ( `` bdc `` ) under the investment company act of 1940 , as amended ( the `` 1940 act `` ) . as such , we are obligated to comply with certain regulatory requirements . we have elected to be treated , and intend to comply with the requirements to continue to qualify annually , as a regulated investment company ( `` ric `` ) under subchapter m of the internal revenue code of 1986 , as amended ( the `` code `` ) . nmfc is also registered as an investment adviser under the investment advisers act of 1940 , as amended ( the `` advisers act `` ) . the investment adviser is a wholly-owned subsidiary of new mountain capital . new mountain capital is a firm with a track record of investing in the middle market . new mountain capital focuses on investing in defensive growth companies across its private equity , public equity and credit investment vehicles . the investment adviser manages our day-to-day operations and provides us with investment advisory and management services . new mountain finance administration , l.l.c . ( the `` administrator ” ) , a wholly-owned subsidiary of new mountain capital , provides the administrative services necessary to conduct our day-to-day operations . our wholly-owned subsidiary , new mountain finance holdings , l.l.c . ( “ nmf holdings ” or the `` predecessor operating company `` ) , is a delaware limited liability company whose assets are used to secure nmf holdings ' credit facility . nmf ancora holdings inc. ( `` nmf ancora `` ) , nmf qid ngl holdings , inc. ( “ nmf qid ” ) and nmf yp holdings inc. ( `` nmf yp `` ) , our wholly-owned subsidiaries , are structured as delaware entities that serve as tax blocker corporations which hold equity or equity-like investments in portfolio companies organized as limited liability companies ( or other forms of pass-through entities ) . we consolidate our tax blocker corporations for accounting purposes . the tax blocker corporations are not consolidated for income tax purposes and may incur income tax expense as a result of their ownership of the portfolio companies . additionally , our wholly-owned subsidiary , new mountain finance servicing , l.l.c . ( `` nmf servicing `` ) serves as the administrative agent on certain investment transactions . new mountain finance sbic l.p. ( `` sbic i `` ) and its general partner , new mountain finance sbic g.p . , l.l.c . ( `` sbic i gp `` ) , are organized in delaware as a limited partnership and limited liability company , respectively . during the year ended december 31 , 2017 , new mountain finance sbic ii , l.p. ( “ sbic ii `` ) and its general partner , new mountain finance sbic ii g.p . , l.l.c . ( “ sbic ii gp ” ) , were organized in delaware as a limited partnership and limited liability company , respectively . sbic i , sbic i gp , sbic ii and sbic ii gp are our consolidated wholly-owned direct and indirect subsidiaries . sbic i and sbic ii received licenses from the united states ( `` u.s. `` ) small business administration ( the `` sba `` ) to operate as a small business investment company ( `` sbic `` ) under section 301 ( c ) of the small business investment act of 1958 , as amended ( the `` 1958 act `` ) . our wholly-owned subsidiary , new mountain net lease corporation ( `` nmnlc `` ) , a maryland corporation , was formed to acquire commercial real properties that are subject to `` triple net `` leases and intends to qualify as a real estate investment trust , or reit , within the meaning of section 856 ( a ) of the code . our investment objective is to generate current income and capital appreciation through the sourcing and origination of debt securities at all levels of the capital structure , including first and second lien debt , notes , bonds and mezzanine securities . the first lien debt may include traditional first lien senior secured loans or unitranche loans . unitranche loans combine characteristics of traditional first lien senior secured loans as well as second lien and subordinated loans . unitranche loans will expose us to the risks associated with second lien and subordinated loans to the extent it invests in the “ last out ” tranche . in some cases , our investments may also include equity interests . our primary focus is in the debt of defensive growth companies , which are defined as generally exhibiting the following characteristics : ( i ) sustainable secular growth drivers , ( ii ) high barriers to competitive entry , ( iii ) high free cash flow after capital expenditure and working capital needs , ( iv ) high returns on assets and ( v ) niche market dominance . similar to us , sbic i 's and sbic ii 's investment objective is to generate current income and capital appreciation under our investment criteria . story_separator_special_tag in applying the income based approach as of december 31 , 2017 , we used the discount ranges set forth in the table below to value investments in our portfolio companies . the unobservable inputs used in the fair value measurement of our level iii investments as of december 31 , 2017 were as follows : replace_table_token_9_th _ ( 1 ) fair value was determined based on transaction pricing or recent acquisition or sale as the best measure of fair value with no material changes in operations of the related portfolio company since the transaction date . nmfc senior loan program i llc nmfc senior loan program i llc ( `` slp i `` ) was formed as a delaware limited liability company on may 27 , 2014 and commenced operations on june 10 , 2014. slp i is a portfolio company held by us . slp i is structured as a private investment fund , in which all of the investors are qualified purchasers , as such term is defined under the 1940 act . transfer of interests in slp i is subject to restrictions , and as a result , such interests are not readily marketable . slp i operates under a limited liability company agreement ( the `` slp i agreement `` ) and will continue in existence until june 10 , 2019 , subject to earlier termination pursuant to certain terms of the slp i agreement . the term may be extended for up to one year pursuant to certain terms of the slp i agreement . slp i had a three year re-investment period . in june 2017 , the re-investment period was extended for one additional 60 year . slp i invests in senior secured loans issued by companies within our core industry verticals . these investments are typically broadly syndicated first lien loans . slp i is capitalized with $ 93.0 million of capital commitments and $ 265.0 million of debt from a revolving credit facility and is managed by us . our capital commitment is $ 23.0 million , representing less than 25.0 % ownership , with third party investors representing the remaining capital commitments . as of december 31 , 2017 , slp i had total investments with an aggregate fair value of approximately $ 348.7 million , debt outstanding of $ 223.7 million and capital that had been called and funded of $ 93.0 million . as of december 31 , 2016 , slp i had total investments with an aggregate fair value of approximately $ 348.7 million , debt outstanding of $ 256.5 million and capital that had been called and funded of $ 93.0 million . our investment in slp i is disclosed on our consolidated schedules of investments as of december 31 , 2017 and december 31 , 2016 . we , as an investment adviser registered under the advisers act , act as the collateral manager to slp i and are entitled to receive a management fee for our investment management services provided to slp i. as a result , slp i is classified as our affiliate . no management fee is charged on our investment in slp i in connection with the administrative services provided to slp i. for the years ended december 31 , 2017 , december 31 , 2016 and december 31 , 2015 , we earned approximately $ 1.2 million , $ 1.2 million and $ 1.2 million , respectively , in management fees related to slp i , which is included in other income . as of december 31 , 2017 and december 31 , 2016 , approximately $ 0.3 million and $ 0.3 million , respectively , of management fees related to slp i was included in receivable from affiliates . for the years ended december 31 , 2017 , december 31 , 2016 and december 31 , 2015 , we earned approximately $ 3.5 million , $ 3.7 million and $ 3.6 million , respectively , of dividend income related to slp i , which is included in dividend income . as of december 31 , 2017 and december 31 , 2016 , approximately $ 0.8 million and $ 0.9 million , respectively , of dividend income related to slp i was included in interest and dividend receivable . nmfc senior loan program ii llc nmfc senior loan program ii llc ( `` slp ii `` ) was formed as a delaware limited liability company on march 9 , 2016 and commenced operations on april 12 , 2016. slp ii is structured as a private joint venture investment fund between us and skyknight income , llc ( “ skyknight ” ) and operates under a limited liability company agreement ( the `` slp ii agreement `` ) . the purpose of the joint venture is to invest primarily in senior secured loans issued by portfolio companies within our core industry verticals . these investments are typically broadly syndicated first lien loans . all investment decisions must be unanimously approved by the board of managers of slp ii , which has equal representation from us and skyknight . slp ii has a three year investment period and will continue in existence until april 12 , 2021. the term may be extended for up to one year pursuant to certain terms of the slp ii agreement . slp ii is capitalized with equity contributions which were called from its members , on a pro-rata basis based on their equity commitments , as transactions were completed . any decision by slp ii to call down on capital commitments required approval by the board of managers of slp ii . we and skyknight have committed and contributed $ 79.4 million and $ 20.6 million of equity to slp ii , respectively . our investment in slp ii is disclosed on our consolidated schedules of investments as of december 31 , 2017 and december 31 , 2016 . on april 12 , 2016 ,

liquidity and capital resources the primary use of existing funds and any funds raised in the future is expected to be for repayment of indebtedness , investments in portfolio companies , cash distributions to our stockholders or for other general corporate purposes . since our ipo , and through december 31 , 2017 , we raised approximately $ 614.6 million in net proceeds from additional offerings of common stock . on april 7 , 2017 , we completed a public offering of 5,000,000 shares of our common stock at a public offering price of $ 14.60 per share . on april 13 , 2017 , in connection with the public offering , the underwriters completed a purchase of an additional 750,000 shares of our common stock with the exercise of the overallotment option to purchase up to an additional 750,000 shares of our common stock . we received total net proceeds of approximately $ 81.5 million in connection with the offering . our liquidity is generated and generally available through advances from the revolving credit facilities , from cash flows from operations , and , we expect , through periodic follow-on equity offerings . in addition , we may from time to time enter into additional debt facilities , increase the size of existing facilities or issue additional debt securities , including unsecured debt and or debt securities convertible into common stock . any such incurrence or issuance would be subject to prevailing market conditions , our liquidity requirements , contractual and regulatory restrictions and other factors . in accordance with the 74 1940 act , with certain limited exceptions , we are only allowed to borrow amounts such that our asset coverage , calculated pursuant to the 1940 act , is at least 200.0


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity and capital resources the primary use of existing funds and any funds raised in the future is expected to be for repayment of indebtedness , investments in portfolio companies , cash distributions to our stockholders or for other general corporate purposes . since our ipo , and through december 31 , 2017 , we raised approximately $ 614.6 million in net proceeds from additional offerings of common stock . on april 7 , 2017 , we completed a public offering of 5,000,000 shares of our common stock at a public offering price of $ 14.60 per share . on april 13 , 2017 , in connection with the public offering , the underwriters completed a purchase of an additional 750,000 shares of our common stock with the exercise of the overallotment option to purchase up to an additional 750,000 shares of our common stock . we received total net proceeds of approximately $ 81.5 million in connection with the offering . our liquidity is generated and generally available through advances from the revolving credit facilities , from cash flows from operations , and , we expect , through periodic follow-on equity offerings . in addition , we may from time to time enter into additional debt facilities , increase the size of existing facilities or issue additional debt securities , including unsecured debt and or debt securities convertible into common stock . any such incurrence or issuance would be subject to prevailing market conditions , our liquidity requirements , contractual and regulatory restrictions and other factors . in accordance with the 74 1940 act , with certain limited exceptions , we are only allowed to borrow amounts such that our asset coverage , calculated pursuant to the 1940 act , is at least 200.0
```    
 Suspicious Activity Report : although we undertake no obligation to revise or update any forward-looking statements , you are advised to consult any additional disclosures that we may make directly to you or through reports that we have filed or in the future may file with the united states securities and exchange commission ( `` sec `` ) , including annual reports on form 10-k , registration statements on form n-2 , quarterly reports on form 10-q and current reports on form 8-k. 55 overview we are a delaware corporation that was originally incorporated on june 29 , 2010 and completed our initial public offering ( `` ipo `` ) on may 19 , 2011. we are a closed-end , non-diversified management investment company that has elected to be regulated as a business development company ( `` bdc `` ) under the investment company act of 1940 , as amended ( the `` 1940 act `` ) . as such , we are obligated to comply with certain regulatory requirements . we have elected to be treated , and intend to comply with the requirements to continue to qualify annually , as a regulated investment company ( `` ric `` ) under subchapter m of the internal revenue code of 1986 , as amended ( the `` code `` ) . nmfc is also registered as an investment adviser under the investment advisers act of 1940 , as amended ( the `` advisers act `` ) . the investment adviser is a wholly-owned subsidiary of new mountain capital . new mountain capital is a firm with a track record of investing in the middle market . new mountain capital focuses on investing in defensive growth companies across its private equity , public equity and credit investment vehicles . the investment adviser manages our day-to-day operations and provides us with investment advisory and management services . new mountain finance administration , l.l.c . ( the `` administrator ” ) , a wholly-owned subsidiary of new mountain capital , provides the administrative services necessary to conduct our day-to-day operations . our wholly-owned subsidiary , new mountain finance holdings , l.l.c . ( “ nmf holdings ” or the `` predecessor operating company `` ) , is a delaware limited liability company whose assets are used to secure nmf holdings ' credit facility . nmf ancora holdings inc. ( `` nmf ancora `` ) , nmf qid ngl holdings , inc. ( “ nmf qid ” ) and nmf yp holdings inc. ( `` nmf yp `` ) , our wholly-owned subsidiaries , are structured as delaware entities that serve as tax blocker corporations which hold equity or equity-like investments in portfolio companies organized as limited liability companies ( or other forms of pass-through entities ) . we consolidate our tax blocker corporations for accounting purposes . the tax blocker corporations are not consolidated for income tax purposes and may incur income tax expense as a result of their ownership of the portfolio companies . additionally , our wholly-owned subsidiary , new mountain finance servicing , l.l.c . ( `` nmf servicing `` ) serves as the administrative agent on certain investment transactions . new mountain finance sbic l.p. ( `` sbic i `` ) and its general partner , new mountain finance sbic g.p . , l.l.c . ( `` sbic i gp `` ) , are organized in delaware as a limited partnership and limited liability company , respectively . during the year ended december 31 , 2017 , new mountain finance sbic ii , l.p. ( “ sbic ii `` ) and its general partner , new mountain finance sbic ii g.p . , l.l.c . ( “ sbic ii gp ” ) , were organized in delaware as a limited partnership and limited liability company , respectively . sbic i , sbic i gp , sbic ii and sbic ii gp are our consolidated wholly-owned direct and indirect subsidiaries . sbic i and sbic ii received licenses from the united states ( `` u.s. `` ) small business administration ( the `` sba `` ) to operate as a small business investment company ( `` sbic `` ) under section 301 ( c ) of the small business investment act of 1958 , as amended ( the `` 1958 act `` ) . our wholly-owned subsidiary , new mountain net lease corporation ( `` nmnlc `` ) , a maryland corporation , was formed to acquire commercial real properties that are subject to `` triple net `` leases and intends to qualify as a real estate investment trust , or reit , within the meaning of section 856 ( a ) of the code . our investment objective is to generate current income and capital appreciation through the sourcing and origination of debt securities at all levels of the capital structure , including first and second lien debt , notes , bonds and mezzanine securities . the first lien debt may include traditional first lien senior secured loans or unitranche loans . unitranche loans combine characteristics of traditional first lien senior secured loans as well as second lien and subordinated loans . unitranche loans will expose us to the risks associated with second lien and subordinated loans to the extent it invests in the “ last out ” tranche . in some cases , our investments may also include equity interests . our primary focus is in the debt of defensive growth companies , which are defined as generally exhibiting the following characteristics : ( i ) sustainable secular growth drivers , ( ii ) high barriers to competitive entry , ( iii ) high free cash flow after capital expenditure and working capital needs , ( iv ) high returns on assets and ( v ) niche market dominance . similar to us , sbic i 's and sbic ii 's investment objective is to generate current income and capital appreciation under our investment criteria . story_separator_special_tag in applying the income based approach as of december 31 , 2017 , we used the discount ranges set forth in the table below to value investments in our portfolio companies . the unobservable inputs used in the fair value measurement of our level iii investments as of december 31 , 2017 were as follows : replace_table_token_9_th _ ( 1 ) fair value was determined based on transaction pricing or recent acquisition or sale as the best measure of fair value with no material changes in operations of the related portfolio company since the transaction date . nmfc senior loan program i llc nmfc senior loan program i llc ( `` slp i `` ) was formed as a delaware limited liability company on may 27 , 2014 and commenced operations on june 10 , 2014. slp i is a portfolio company held by us . slp i is structured as a private investment fund , in which all of the investors are qualified purchasers , as such term is defined under the 1940 act . transfer of interests in slp i is subject to restrictions , and as a result , such interests are not readily marketable . slp i operates under a limited liability company agreement ( the `` slp i agreement `` ) and will continue in existence until june 10 , 2019 , subject to earlier termination pursuant to certain terms of the slp i agreement . the term may be extended for up to one year pursuant to certain terms of the slp i agreement . slp i had a three year re-investment period . in june 2017 , the re-investment period was extended for one additional 60 year . slp i invests in senior secured loans issued by companies within our core industry verticals . these investments are typically broadly syndicated first lien loans . slp i is capitalized with $ 93.0 million of capital commitments and $ 265.0 million of debt from a revolving credit facility and is managed by us . our capital commitment is $ 23.0 million , representing less than 25.0 % ownership , with third party investors representing the remaining capital commitments . as of december 31 , 2017 , slp i had total investments with an aggregate fair value of approximately $ 348.7 million , debt outstanding of $ 223.7 million and capital that had been called and funded of $ 93.0 million . as of december 31 , 2016 , slp i had total investments with an aggregate fair value of approximately $ 348.7 million , debt outstanding of $ 256.5 million and capital that had been called and funded of $ 93.0 million . our investment in slp i is disclosed on our consolidated schedules of investments as of december 31 , 2017 and december 31 , 2016 . we , as an investment adviser registered under the advisers act , act as the collateral manager to slp i and are entitled to receive a management fee for our investment management services provided to slp i. as a result , slp i is classified as our affiliate . no management fee is charged on our investment in slp i in connection with the administrative services provided to slp i. for the years ended december 31 , 2017 , december 31 , 2016 and december 31 , 2015 , we earned approximately $ 1.2 million , $ 1.2 million and $ 1.2 million , respectively , in management fees related to slp i , which is included in other income . as of december 31 , 2017 and december 31 , 2016 , approximately $ 0.3 million and $ 0.3 million , respectively , of management fees related to slp i was included in receivable from affiliates . for the years ended december 31 , 2017 , december 31 , 2016 and december 31 , 2015 , we earned approximately $ 3.5 million , $ 3.7 million and $ 3.6 million , respectively , of dividend income related to slp i , which is included in dividend income . as of december 31 , 2017 and december 31 , 2016 , approximately $ 0.8 million and $ 0.9 million , respectively , of dividend income related to slp i was included in interest and dividend receivable . nmfc senior loan program ii llc nmfc senior loan program ii llc ( `` slp ii `` ) was formed as a delaware limited liability company on march 9 , 2016 and commenced operations on april 12 , 2016. slp ii is structured as a private joint venture investment fund between us and skyknight income , llc ( “ skyknight ” ) and operates under a limited liability company agreement ( the `` slp ii agreement `` ) . the purpose of the joint venture is to invest primarily in senior secured loans issued by portfolio companies within our core industry verticals . these investments are typically broadly syndicated first lien loans . all investment decisions must be unanimously approved by the board of managers of slp ii , which has equal representation from us and skyknight . slp ii has a three year investment period and will continue in existence until april 12 , 2021. the term may be extended for up to one year pursuant to certain terms of the slp ii agreement . slp ii is capitalized with equity contributions which were called from its members , on a pro-rata basis based on their equity commitments , as transactions were completed . any decision by slp ii to call down on capital commitments required approval by the board of managers of slp ii . we and skyknight have committed and contributed $ 79.4 million and $ 20.6 million of equity to slp ii , respectively . our investment in slp ii is disclosed on our consolidated schedules of investments as of december 31 , 2017 and december 31 , 2016 . on april 12 , 2016 ,

