Pension Fund for State Employees - 24 Jul 2023 Form 4 Insider Report for New Mountain Guardian IV BDC, L.L.C.

Role: 10%+ Owner
Signature: /s/ Skuli Hrafn Hardarson Name and Title: Skuli Hrafn Hardarson Investment Manager
Issuer symbol: N/A
Transactions as of: 24 Jul 2023
Net transactions value: +$2,000,000
Form type: 4
Filing time: 26 Jul 2023, 16:31:27 UTC
Previous filing: 12 Dec 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction		LLC Interests	Purchase	$2,000,000	+200,000	+16%	$10.00^*	1,413,479	24 Jul 2023	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On July 24, 2023, the Issuer delivered a capital drawdown notice and upon delivery of such notice, reporting person became obligated to purchase LLC Interests, which purchase is expected to close on or about August 7, 2023.