Apollo Investment

About The Fund

Apollo Investment, operating as Apollo Investment Corporation, is an affiliate of Apollo Global Management and functions as a specialty finance company. The firm focuses on providing customized financing solutions to private middle-market companies, heavily concentrating on businesses based in the United States. The firm's broad investment portfolio spans a variety of sectors ranging from aviation, business services, cable television, energy, distribution/utilities, financial services, healthcare, manufacturing, media, to oil and gas, publishing, retail, and transportation.As part of their investment strategy, they primarily invest in senior secured middle-market loans sourced by MidCap Financial, a prominent middle-market lender. MidCap Financial, managed by a subsidiary of Apollo, offers debt solutions to companies across a diversity of industries through first lien secured loans and asset-based loans. The affiliation with Apollo Global Management grants Apollo Investment certain advantages, including access to Apollo's global reach and expertise, as well as capabilities to co-invest with other Apollo-managed capital, making them a considerable force in direct lending.Apollo Investment aims to produce current income and, to a lesser extent, capital appreciation for its shareholders. It has positioned itself as a Business Development Company (BDC) under the Investment Company Act of 1940 and has chosen for tax purposes to be treated as a Regulated Investment Company (RIC) under the Internal Revenue Code of 1986, as amended. The firm's stock is publicly traded on The Nasdaq Global Select Market under the symbol "MFIC".The firm leverages Apollo Global Management’s Direct Origination Platform to provide comprehensive debt solutions to U.S. middle-market companies. This includes dealing with various origination verticals and financial sponsors, as well as niche markets with high barriers to entry. Furthermore, they take advantage of Apollo's deep relationships with intermediaries to identify investment opportunities.The investment types that Apollo Investment engages in include revolving lines of credit, first and second lien secured loans, and unsecured loans. They support a wide range of transaction types like leveraged buyouts, acquisitions, recapitalizations, growth capital, and refinancing. Additionally, Apollo Investment offers products in sectors such as aircraft leasing, asset-based lending, corporate lending, restructurings, life sciences and technology lending, lender finance, and franchise finance.