Business development company (BDC) specializing in direct lending and other alternative investments.
CION Investment Corporation operates as a robust business development company specializing in a diverse array of investment strategies within the middle-market sector. Founded with a focus on senior secured loans, including unitranche, first and second lien loans, and mezzanine financing, CION Investment Corporation also extends its portfolio to encompass equity interests such as warrants and options, along with corporate bonds and other debt securities. This comprehensive approach allows the firm to support various corporate initiatives such as growth capital, acquisitions, leveraged buyouts, market expansion, and refinancing.
With a strategic emphasis on prudent investment practices, CION Investment Corporation allocates up to 30% of its assets to opportunistic investments, including securities of larger public companies and foreign securities. However, it avoids investments in startups, turnaround situations, or companies with speculative business plans, preferring instead to focus on stable sectors like high tech industries, healthcare, pharmaceuticals, business services, and media. Additionally, the firm seeks opportunities in sectors ranging from chemicals, telecommunications, and consumer goods to aerospace, defense, and real estate, ensuring a diversified investment portfolio.
Headquartered in the United States, CION Investment Corporation aims to deploy capital effectively by targeting companies with an EBITDA between $25 million and $75 million. The firm typically invests between $5 million and $50 million per transaction, often taking minority equity stakes alongside debt investments or co-investing with financial sponsors. Ultimately, CION Investment Corporation seeks to maximize returns for its investors through strategic exits, which may include initial public offerings, mergers, sales, or other forms of recapitalization, reflecting its commitment to generating long-term value and sustainable growth in the middle-market investment landscape.