Apollo Investment Corporation

Apollo Investment Corporation is a publicly traded closed-end investment company, later renamed MidCap Financial Investment Corporation. It provides financing to private middle-market companies as an alternative to traditional lenders.

Products and services

• Senior debt: the current focus is on senior debt solutions for middle-market businesses.
• Subordinated and secured lending: the earlier portfolio was mainly subordinated and senior secured debt.
• Access for shareholders: lets investors take part in private credit through a listed vehicle.
• Investor reporting: publishes results, earnings materials and filings for each quarter.

Customers and markets

Privately held middle-market companies that need finance, and shareholders who want exposure to private credit.

Key facts

• Listing: Nasdaq, under the symbol MFIC (previously AINV)
• Structure: externally managed business development company
• Affiliation: connected to Apollo and to MidCap Financial
• Objective: current income and, to a lesser extent, capital growth