CION Investment Corp

CION Investment Corporation is a business development company that provides debt and equity capital to middle-market enterprises in the United States. The firm specializes in senior secured loans, including unitranche, first lien, and second lien structures, alongside mezzanine debt and subordinated loans. It also makes opportunistic equity investments through warrants, options, and common or preferred stock positions, typically in conjunction with debt commitments. The company sources secondary market loan opportunities and invests in corporate bonds and other debt securities.

The firm targets investments between $5 million and $50 million in companies with EBITDA ranging from $25 million to $75 million, with an average targeted position size of $30 million. It focuses on middle-market companies across diversified sectors, including technology, healthcare, business services, financial services, media, consumer goods, industrial machinery, and energy. The company supports growth capital, acquisitions, leveraged buyouts, and recapitalization transactions, though it avoids startup companies and turnaround situations. Exit strategies include initial public offerings, mergers, sales, and other recapitalization events. The company is authorized to allocate up to 30 percent of assets to opportunistic investments outside its core middle-market focus, including securities of larger public companies and foreign investments.