Company Description
MidCap Financial Investment Corporation (Former name Apollo Investment Corporation) is a business development company and a closed-end, externally managed, non-diversified management investment company.
It is elected to be treated as a business development company (“BDC”) under the Investment Company Act of 1940 (the “1940 Act”) specializing in private equity investments in leveraged buyouts, acquisitions, recapitalizations, growth capital, refinancing and private middle market companies.
It provides direct equity capital, mezzanine, first lien secured loans, stretch senior loans, unitranche loans, second lien secured loans and senior secured loans, unsecured debt, and subordinated debt and loans.
It also seeks to invest in PIPES transactions. The fund may also invest in securities of public companies that are thinly traded and may acquire investments in the secondary market and structured products.
It prefers to invest in preferred equity, common equity / interests and warrants and makes equity co-investments.
It may invest in cash equivalents, U.S. government securities, high-quality debt investments that mature in one year or less, high-yield bonds, distressed debt, non-U.S. investments, or securities of public companies that are not thinly traded.
It also focuses on other investments such as collateralized loan obligations (“CLOs”) and credit-linked notes (“CLNs”).
The fund typically invests in construction and building materials, business services, plastics & rubber, advertising, capital equipment, education, cable television, chemicals, consumer products/goods durable and non-durable and customer services, direct marketing, energy – oil & gas, electricity and utilities.
The fund also invest in aerospace & defense, wholesale, telecommunications, financial services, hotel, gaming, leisure, restaurants; environmental industries, healthcare and pharmaceuticals, high tech industries, beverages, food and tobacco, manufacturing, media – diversified & production, printing and publishing, retail, automation, aviation and consumer transport, transportation, cargo and distribution.
It primarily invests in United States. It primarily invests between $20 million and $250 million in its portfolio companies and EBITDA with less than $75 million.
The fund seeks to make investments with stated maturities of five to 10 years.
| Country | United States |
| Founded | 2004 |
| IPO Date | Apr 6, 2004 |
| Industry | Asset Management |
| Sector | Financials |
| CEO | Tanner Powell |
Contact Details
Address: Nine West 57th Street, 43rd Floor New York, New York 10019 United States | |
| Phone | 212 515 3200 |
| Website | midcapfinancialic.com |
Stock Details
| Ticker Symbol | MFIC |
| Exchange | NASDAQ |
| Fiscal Year | January - December |
| Reporting Currency | USD |
| CIK Code | 0001278752 |
| ISIN Number | US03761U5020 |
| Employer ID | 52-2439556 |
Key Executives
| Name | Position |
|---|---|
| Tanner Powell | Chief Executive Officer |
| Howard T. Widra | Executive Chairman of the Board |
| Ted McNulty | President and Chief Investment Officer for Apollo Investment Management |
| Ryan Louis Michael Del Giudice | Vice President and Chief Compliance Officer |
| Elizabeth Besen | Investor Relations Manager |
| Justin Sendak | Managing Director |
| Daniel L. Vogel | Managing Director |
| Patrick Ryan | Chief Credit Officer of AIM |
| Gerald J. Girardi | Managing Director of Credit |
| Stacy Lee | Executive Officer and Analyst |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Nov 7, 2024 | 8-K | Current Report |
| Nov 7, 2024 | 10-Q | Quarterly Report |
| Oct 21, 2024 | 8-K | Current Report |
| Oct 11, 2024 | 40-APP/A | Filing |
| Aug 13, 2024 | 8-K | Current Report |
| Aug 13, 2024 | 424B2 | Prospectus |
| Aug 7, 2024 | 8-K | Current Report |
| Aug 7, 2024 | 10-Q | Quarterly Report |
| Jul 22, 2024 | 8-K | Current Report |
| Jul 12, 2024 | 8-K | Current Report |