NMFC vs VCF

New Mountain Finance Corporation

New Mountain Finance Corporation is a Business Development Company. It specializes in investments in middle market companies and debt securities at various levels of the capital structure, including first and second lien debt, first-lien/unitranche loans, select second-lien loans, bonds, unsecured notes, bonds, and mezzanine securities. It invests in various industries that include software, education, business services, distribution and logistics, federal services, healthcare services and products, healthcare facilities, energy, media, consumer and industrial services, healthcare Information Technology, Information Technology and services, specialty chemicals and materials, telecommunication, retail, and power generation. It seeks to invest in United States. It typically invests between $10 million and $50 million. Within middle market it seeks to invest in companies having EBITDA between $10 million and $200 million. It prefers to invest in equity interests, such as preferred stock, common stock, warrants, or options received in connection with its debt investments and directly in the equity of private companies. The fund makes investments through both primary originations and open-market secondary purchases. It invests primarily in debt securities that are rated below investment grade and have contractual unlevered returns of 10% to 15%. The firm may also invest in distressed debt and related opportunities and prefers to invest in targets having private equity sponsorship. It seeks to hold its investments between five years and ten years. The fund prefer to have majority stake in companies.

Delaware Investments Colorado Municipal Income Fund Inc

Delaware Investments Colorado Municipal Income Fund, Inc. is a closed-ended fixed income mutual fund launched by Delaware Management Holdings, Inc. It is managed by Delaware Management Business Trust. The fund invests in the fixed income markets of the United States. It primarily invests in un-insured, investment grade, tax-exempt Colorado municipal obligations, including airport revenue bonds, city general obligation bonds, continuing care/retirement revenue bonds, convention center/auditorium/hotel revenue bonds, dedicated tax and fees revenue bonds, higher education revenue bonds, hospital revenue bonds, municipal lease revenue bonds, parking revenue bonds, political subdivision general obligation bonds, pre-refunded bonds, school district general obligation bonds, school district revenue bonds, turnpike/toll road revenue bonds, and water and sewer revenue bonds. The fund seeks to maintain an average portfolio maturity of 20 to 30 years. It benchmarks the performance of its portfolio against the Barclays Municipal Bond Index and Lipper CE Other States Municipal Debt Funds Average. Delaware Investments Colorado Insured Municipal Income Fund, Inc. was formed on July 29, 1993 and is domiciled in the United States.