CION 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