Company Description
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.
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.
| Country | United States |
| Founded | 2011 |
| Industry | Asset Management |
| Sector | Financials |
| CEO | Michael A. Reisner Esq., J.D. |
Contact Details
Address: 100 Park Avenue, 25th Floor New York, New York 10017 United States | |
| Phone | 212-418-4700 |
| Website | cionbdc.com |
Stock Details
| Ticker Symbol | CION |
| Exchange | NYSE |
| Fiscal Year | January - December |
| Reporting Currency | USD |
| CIK Code | 0001534254 |
| CUSIP Number | 17259U204 |
| ISIN Number | US17259U2042 |
| Employer ID | 45-3058280 |
Key Executives
| Name | Position |
|---|---|
| Mark Gatto J.D. | Co-Founder, Co-Chairman and Co-Chief Executive Officer |
| Michael A. Reisner Esq., J.D. | Co-Founder and Co-Chairman & Co-Chief Executive Officer |
| Gregg A. Bresner CFA | President and Chief Investment Officer |
| Joe Elsabee | Managing Director |
| Keith Scott Franz CPA | MD, Chief Financial Officer and Treasurer |
| Charles Douglas Arestia | MD and Head of Investor Relations |
| Stephen Roman | Chief Compliance Officer and Corporate Secretary |
| Eric Anthony Pinero | Chief Legal Officer |
| Alexander Cavalieri | MD and Head of Marketing and Strategy |
| Geoffrey A. Manna | Senior Managing Director |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Jul 18, 2024 | 8-K | Current Report |
| Jul 8, 2024 | 8-K | Current Report |
| Jun 18, 2024 | EFFECT | Notice of Effectiveness |
| Jun 18, 2024 | 8-K | Current Report |
| Jun 14, 2024 | N-2/A | Filing |
| Jun 14, 2024 | DEFA14A | Additional definitive proxy soliciting materials and Rule 14(a)(12) material |
| Jun 12, 2024 | 8-K | Current Report |
| May 31, 2024 | DEF 14A | Other definitive proxy statements |
| May 20, 2024 | 8-K | Current Report |
| May 9, 2024 | PRE 14A | Other preliminary proxy statements |