CION Investment Corporation: Business Overview, Financials & Competitive Analysis
CION Investment Corporation (NYSE: CION) is a publicly-listed business development company that primarily provides senior secured loans to U.S. middle-market companies. CION has been focused on private credit since 20...
Cyborg Score thesis
BDC lending model faces structural headwinds from rate pressures, but selective underwriting and strong deal selectivity provide...
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Get Current Report FreeCION Investment Corporation Overview
Pro stress-test →CION Investment Corporation (NYSE: CION) is a publicly-listed business development company that primarily provides senior secured loans to U.S. middle-market companies. CION has been focused on private credit since 2012. The firm generates income through lending to middle-market businesses, targeting companies with annual EBITDA between $25-$75 million.
Strategic Profile
Pro stress-test →CIM's rigorous investment process and target deal size allows CION to be highly selective and close deals with favorable terms. The fund does not invest in start-up companies, turnaround situations, or companies with speculative business plans. CION maintains a diversified portfolio across high-tech, healthcare, pharmaceuticals, and industrial sectors.
Competitive Landscape
Pro stress-test →CION operates in the private credit/BDC space alongside competitors like Blackstone BDC, Golub Capital, and others. The sector faces headwinds from declining interest rates affecting lending yields. CION differentiates through its focus on selective middle-market investments with rigorous underwriting standards.
Industry Context
CION Investment Corporation operates in Financial Services - Business Development Companies / Alternative Credit.
Key facts
Founded: 2011 · Headquarters: New York, US · Revenue: $252.43M (2024) · Market cap: $460M