MidCap Financial Investment Corporation

MidCap Financial Investment Corporation (NASDAQ: MFIC) is an externally managed, publicly traded, Business Development Company, focused on providing senior debt solutions to middle market companies. We derive significant benefits from our affiliation with Apollo, a global high-growth alternative asset manager, and its unique partnership with MidCap Financial, a leading middle market lender. Through MFIC, shareholders can access institutional quality private credit at an industry-leading fee structure.

$3.01B

Investment Portfolio

98%

First Lien Debt(1)

233

Portfolio Companies

100%

Floating Rate(1)

Overview

About

MidCap Financial Investment Corporation (“MFIC”) (NASDAQ: MFIC) is a specialty finance company focused on providing senior debt solutions to middle market companies. Our investment objective is to generate current income and, to a lesser extent, capital appreciation. MFIC has elected to be treated as a Business Development Company (“BDC”) under the Investment Company Act of 1940 (the “1940 Act”). Our common stock is publicly traded on The Nasdaq Global Select Market under the symbol “MFIC.” For tax purposes we have elected to be treated as a regulated investment company, or RIC, under the Internal Revenue Code of 1986, as amended (the “Code”).

We are externally managed by an affiliate of Apollo Global Management, Inc. (“Apollo”), (NYSE: APO) a global, high-growth alternative asset manager. We primarily invest in senior secured first lien loans originated by MidCap Financial, one of the world’s leading middle market direct lenders with a long and successful track record, which is discretionally managed by Apollo. We derive significant benefits from our affiliation with Apollo and its unique partnership with MidCap Financial. Our ability to co-invest with other Apollo managed capital, and MidCap Financial, makes us part of the one of the largest direct lenders uniquely positioned to provide large commitments.

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Portfolio
as of December 31, 2024
$3.01B

Investment Portfolio (1)

233

Portfolio Companies

100%

% Floating Rate (1)(2)

11.0%

Portfolio Weighted Average Yield  (2)

$48M

Median EBITDA (at close) (4)

$13.1M

Average Company Exposure (4)(5)

5.50x

Net Leverage through MFIC position (current)  (5)(6)

2.1x

Interest Coverage (current) (5)(6)

0.0x

Attachment point (current)  (2)(6)

Portfolio Composition

as of December 31, 2024

Asset Class(1)

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98%
First Lien Secured Debt
First Lien Secured Debt: 98%
Unsecured Debt, Preferred Equity, Common Equity/Interests and Warrants: 2%
Second Lien Secured Debt: 0%

Industry(2)

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20.5%
High Tech Industries
High Tech Industries: 20.5%
Other: 19.3%
Healthcare & Pharmaceuticals: 15.8%
Business Services: 10.4%
Aviation and Consumer Transport: 7.7%
Diversified Investment Vehicles, Banking, Finance, Real Estate: 6.3%
Consumer goods - Non-Durables: 5.1%
Consumer Services: 4.6%
Transportation - Cargo, Distribution: 3.5%
Construction & Building: 3.4%
Wholesale: 3.4%
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Interest Rate Type(1)(3)

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100%
Floating Rate
Floating Rate: 100%
Fixed Rate: 0%

Portfolio Companies

Filters
Filters
  • 1
  • 2
  • 3
  • 4
  • 5
  • 24

Shareholders

Stock Information
as of March 26, 2025
Historical Market Share Price
NASDAQ: MFIC
Market Closed
4:00 PM EDT March 26, 2025
$13.13
0.06 (0.46%)
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High
13.22
Low
13.06

Chart

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The chart has 1 X axis displaying Time. Data ranges from 2025-03-26 09:30:00 to 2025-03-26 16:00:00.
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Analyst Coverage
Derek Hewett
Bank of America
Casey Alexander
Compass Point, LLC
Matt Hurwit
Jefferies LLC
John Hecht
Jefferies LLC
Melissa Wedel
JP Morgan
Paul Johnson
Keefe, Bruyette & Woods
Robert J. Dodd
Raymond James & Associates
Kenneth Lee
RBC Capital Markets
Mark Hughes
Truist Securities Inc.
Finian O'Shea
Wells Fargo Securities

Contact

Contact Our Team

IR Contact
Elizabeth Besen
9 West 57th Street
New York, NY 10019

212-822-0625
ebesen@apollo.com
investorrelations@midcapfinancialic.com

Transfer Agent
Equiniti Trust Company, LLC (“EQ”)
55 Challenger Road, Floor 2
Ridgefield Park, NJ 07660
888-777-0324
www.astfinancial.com

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