CION Investment Corporation is a business development company It specializes in investments in senior secured loans including unitranche loans First Lien second lien loans longterm subordinated loans and mezzanine loans equity interests such as warrants or options and corporate bonds and other debt securities in middlemarket companies The firm invests in growth capital acquisitions leveraged buyouts marketproduct expansion refinancing and recapitalization The fund also invests up to 30 percent of their assets opportunistically in other types of investments including the securities of larger public companies and foreign securities It also makes investments in the secondary loan market The fund does not invest in startup companies turnaround situations or companies with speculative business plans The fund prefers to invest in high tech industries healthcare pharmaceuticals business services media chemicals plastic rubber telecommunication consumer services advertising printing and publishing consumer goods durables diversified financials and other industries It also invests in homebuilding restaurants beverage and tobacco bars broadcasting distributors Nondurable good distribution food beverage and tobacco energy oil gas and consumables fuels insurance aerospace and defense industrial machinery paper and forest product machinery information technology metals and mining and real estate It primarily seeks to invest in the United States The fund seeks to invest between 5 million and 50 million in companies with an EBITDA between 25 million and 75 million with average targeted hold of 25 million It also purchases minority interests in the form of common or preferred equity in the target companies typically in conjunction with its debt investments or through a coinvestment with a financial sponsor The fund seeks to exit its investments through an initial public offering of common stock a merger a sale or other recapitalization