MidCap Financial Investment Corp

Incorporated in Maryland and headquartered in New York, MidCap Financial Investment Corporation is a closed-end, externally managed business development company (BDC) that specializes in providing debt and equity financing to middle market companies in the United States. The company invests directly in leveraged buyouts, acquisitions, recapitalizations, and growth capital transactions, primarily targeting companies with EBITDA below $75 million. Its investment instruments include first and second lien secured loans, mezzanine debt, unitranche loans, stretch senior loans, unsecured debt, and equity investments including preferred equity, common equity, and warrants.

The company's portfolio spans a broad range of industries, including construction and building materials, business services, chemicals, healthcare and pharmaceuticals, financial services, telecommunications, energy, manufacturing, and retail, among others. MidCap typically commits between $20 million and $250 million per investment with target maturities of five to ten years. Beyond direct lending and equity investments, the company also engages in secondary market acquisitions and may invest in collateralized loan obligations (CLOs), credit-linked notes (CLNs), and PIPES transactions. The company is registered on the Nasdaq exchange and operates under the regulatory framework of the Investment Company Act of 1940, with external management providing portfolio management and operational oversight.