MidCap Financial Investment Corporation (MFIC)

15.43 +0.17 (+1.11%) At close: 04:00PM EDT

MidCap Financial Investment Corporation

Nine West 57th Street
43rd Floor
New York, NY 10019
United States
212 515 3200
https://www.midcapfinancialic.com

Sector(s): Financial Services
Industry: Asset Management
Full-time employees: 

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Howard T. Widra	Executive Chairman of the Board	N/A	N/A	1972
Mr. Tanner Powell	Chief Executive Officer	N/A	N/A	1981
Mr. Ted McNulty	President & Chief Investment Officer for Apollo Investment Management	N/A	N/A	1975
Mr. Gregory William Hunt	CFO & Treasurer	N/A	N/A	1957
Ms. Kristin Marie Hester	Chief Legal Officer, Secretary & VP	N/A	N/A	1980
Mr. Justin Sendak	Managing Director	N/A	N/A	1969
Mr. Daniel Vogel	Managing Director	N/A	N/A	N/A
Mr. Patrick Ryan	Chief Credit Officer of AIM	N/A	N/A	N/A
Mr. Gerald J. Girardi	Managing Director of Credit	N/A	N/A	N/A
Ms. Stacy Lee	Executive Officer and Analyst	N/A	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

MidCap Financial Investment Corporation (Former name Apollo Investment Corporation) is 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.

Corporate governance

MidCap Financial Investment Corporation’s ISS governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.