Name | Value |
---|---|
Revenues | 59.6M |
Cost of Revenue | 0.0M |
Gross Profit | 59.6M |
Operating Expense | 38.0M |
Operating I/L | 21.6M |
Other Income/Expense | -22.0M |
Interest Income | 40.6M |
Pretax | -0.4M |
Income Tax Expense | -0.0M |
Net Income/Loss | 21.6M |
CION Investment Corporation is a business development company specializing in investments in senior secured loans, equity interests, corporate bonds, and other debt securities in middle-market companies. It focuses on growth capital, acquisitions, leveraged buyouts, and refinancing. The fund also invests opportunistically in other types of investments, including securities of larger public companies and foreign securities. It primarily invests in high tech industries, healthcare, pharmaceuticals, business services, media, and various other sectors. CION seeks to exit investments through IPOs, mergers, sales, or recapitalization, typically targeting companies with an EBITDA between $25 million and $75 million.