MidCap Financial Investment Corp

MidCap Financial Investment Corporation is a publicly traded business development company (BDC) that specializes in providing senior debt solutions to middle-market companies across various industries. Its primary investment objective is to generate current income through interest payments, with a secondary focus on capital appreciation. The company primarily invests in directly originated first lien senior secured loans to U.S. middle-market firms, typically those with earnings before interest, taxes, depreciation, and amortization under $75 million. To a lesser extent, it holds second lien loans, unitranche facilities, unsecured debt, mezzanine loans, preferred equity, and common equity or warrants in private and public entities. Externally managed by an affiliate of Apollo Global Management, Inc., a prominent alternative asset manager, MidCap Financial Investment Corporation benefits from Apollo's expertise and co-investment opportunities with MidCap Financial, a leading direct lender. As of mid-2025, its portfolio was predominantly floating-rate first lien secured debt, comprising about 93% of assets at fair value, emphasizing collateralized lending to support stable income generation in the specialty finance sector.