CION Investment Corporation is an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a business development company (BDC). Headquartered in New York City, CION specializes in providing flexible capital solutions to U.S. middle-market companies. The company's investment portfolio is predominantly composed of senior secured debt, including first lien and second lien loans, which account for the vast majority of its assets. To a lesser extent, CION also invests in unitranche loans, collateralized securities, structured products, unsecured debt, and equity interests such as warrants or options.
CION generates revenue primarily through interest income from its loan portfolio, dividend income from equity investments, and capital gains from the sale of investments. The firm targets established businesses with proven cash flows and strong market positions across a diverse range of industries, including business services, healthcare, industrials, and consumer products. Its portfolio companies typically use the investment proceeds for growth capital, acquisitions, leveraged buyouts, market or product expansion, refinancing, and recapitalizations. CION is externally managed by CION Investment Management, LLC, an affiliate of CION Investments, which oversees the management of its activities and is responsible for making investment decisions.
