CION Investment Business Summary

CION Investment Corp (CION) operates as an externally managed, non-diversified business development company (BDC) primarily generating revenue through interest income and capital appreciation from its $1.9 billion portfolio. The company specializes in providing flexible capital solutions to U.S. middle-market firms, with a high-density focus on senior secured debt, which comprises approximately 80% of its investment mix. Its primary business segments are categorized by industry exposure, led by Business Services (16.6%), Retail (10.3%), Healthcare & Pharmaceuticals (10.1%), and Energy (8.1%). CION competes directly with other mid-to-large cap BDCs such as Goldman Sachs BDC (GSBD), Golub Capital BDC (GBDC), Sixth Street Specialty Lending (TSLX), and New Mountain Finance Corp (NMFC), positioning itself as a conservative, income-oriented vehicle that prioritizes first-lien positions and capital preservation within the competitive private credit landscape. The leadership team is anchored by Co-Founders and Co-CEOs Mark Gatto and Michael A. Reisner, both of whom possess over 20 years of experience in private credit and leveraged finance. Gatto holds a J.D. and M.B.A. from Seton Hall University, while Reisner earned his J.D. from New York Law School; both previously held senior roles at CION’s predecessor entities. The executive suite is further strengthened by President and Chief Investment Officer Gregg Bresner and CFO Keith Franz, who oversee the firm’s rigorous underwriting and capital allocation strategies. Notable institutional backing includes significant positions from Invesco Ltd., Van Eck Associates, and Bulldog Investors, while the company maintains strategic partnerships with global managers like Ares Management and GCM Grosvenor to expand its alternative investment offerings.