CION Investment Corporation (CION)
NYQ · Asset Management
Sources: Yahoo Finance (quote, statistics) · SEC EDGAR (filings, insider trades, 13F holders) · company filings & press wires
Company overview
CION Investment Corporation is a business development company. It specializes in investments in senior secured loans, including unitranche loans, First Lien, second lien loans, long-term subordinated loans, and mezzanine loans; equity interests such as warrants or options; and corporate bonds; and other debt securities in middle-market companies. The firm invests in growth capital, acquisitions, leveraged buyouts, market/product expansion, refinancing and recapitalization investments. The fund also invests up to 30 percent of their assets opportunistically in other types of investments, including the securities of larger public companies and foreign securities. It also makes investments in the secondary loan market. The fund does not invest in start-up companies, turnaround situations, or companies with speculative business plans. The fund prefers to invest in high tech industries, healthcare, pharmaceuticals, business services, media, chemicals, plastic, rubber, telecommunication, consumer services, advertising, printing and publishing, consumer goods, durables, diversified financials, and other industries. It also invests in homebuilding, restaurants, beverage and tobacco bars, broadcasting, distributors, Non-durable good distribution, food beverage and tobacco, energy, oil gas and consumables fuels, insurance, aerospace and defense, industrial machinery, paper and forest product machinery, information technology, metals and mining, and real estate. It primarily seeks to invest in the United States. The fund seeks to invest between $5 million and $50 million in companies with an EBITDA between $25 million and $75 million with average targeted hold of $30 million. It also purchases minority interests in the form of common or preferred equity in the target companies, typically in conjunction with its debt investments or through a co-investment with a financial sponsor. The fund seeks to exit its investments through an initial public offering of common stock, a merger, a sale, or other recapitalization.
Peers in Asset Management
All in industry →BlackRock, Inc.
Blackstone Inc.
Brookfield Corporation
KKR & Co. Inc.
Brookfield Asset Management Ltd.
Apollo Global Management, Inc.
Ameriprise Financial, Inc.
State Street Corporation
Ares Management Corporation
Raymond James Financial, Inc.
Recent press releases
CION Investment Corporation has not issued a press release in this window.
SEC filings
All filings →CION Investment Corporation has not filed an SEC document in this window.
Insider trades
All insider trades →CION Investment Corporation has no reported insider trades in the last 90 days.
Institutional holders
All holders →No 13F holdings have been reported for CION Investment Corporation in this window.
People at CION Investment Corporation
All people →Quarterly financials
Full financials →No quarterly financials have been ingested for CION Investment Corporation.