CĪON Investment (CION)
Provides senior-secured loans to U.S. middle-market companies.
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Provides senior-secured loans to U.S. middle-market companies through an externally managed business development company. First-lien lending is central, alongside unitranche, second-lien and selected other private-credit investments.
Senior-secured loans sit at the core of the investment portfolio. Unitranche and second-lien loans, collateralized securities, structured-product equity and unsecured debt supplement that exposure.
Investment activity focuses on U.S. middle-market companies, supporting growth capital, expansion, recapitalizations, acquisitions, leveraged buyouts and refinancings. CION Investment Management externally manages the vehicle and is affiliated with the broader CION Investments platform.
First-lien lending is the strategy's core posture, supplemented by selective higher-return and special-situations positions. Private-credit investment selection relies on the manager's sourcing process. The advisory relationship, underwriting and capital deployment shape the business.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $162.6M · Total debt $1.16B · Total assets $1.85B · Shareholders' equity $667.8M
- Revenue
- $42.1M
- Operating income
- $65.1M
- Net income
- $41.2M
HistoryDividendAnnual yieldUpcoming
| Institutions | 32.70% | 16.09M shares | |
|---|---|---|---|
| 140 holders · as of Jun 30, 2026 | |||
| Insiders | 0.45% | 219.5K shares | |
| 8 holders · as of Aug 13, 2025 | |||
| Other | 66.85% | 32.89M shares | |
| remainder | |||
49.20M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Bulldog Investors, LLPInstitution | 3.13% | 1.54M | as of Jun 30, 2026 |
Invesco Ltd.Institution | 2.78% | 1.37M | as of Jun 30, 2026 |
Morgan StanleyInstitution | 2.57% | 1.27M | as of Jun 30, 2026 |
Van Eck Associates CorpInstitution | 2.51% | 1.24M | as of Jun 30, 2026 |
LPL Financial LLCInstitution | 2.07% | 1.02M | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Golub Capital BDC
First-lien lending to sponsor-backed middle-market companies
- Sixth Street Specialty Lending
Senior-secured lending within the listed BDC peer market
- Bain Capital Specialty Finance
Direct secured-debt origination for middle-market borrowers
- Carlyle Secured Lending
Directly originated senior-secured U.S. middle-market finance
- Oaktree Specialty Lending
One-stop credit solutions spanning first- and second-lien loans
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| CĪON Investment | $7.20 | −0.14% | $356.5M | 26.5 | 6.2 | 2.6 | +150.6% |
| Golub Capital BDC | $12.60 | +0.56% | $3.27B | 22.8 | 9.7 | 4.6 | −14.2% |
| Sixth Street Specialty Lending | $18.35 | −0.05% | $1.71B | 19.0 | 10.3 | 5.0 | −13.0% |
| Bain Capital Specialty Finance | $11.22 | 0.00% | $727.2M | 11.3 | 7.7 | 3.8 | −15.4% |
| Carlyle Secured Lending | $11.47 | 0.00% | $800.6M | 22.6 | 8.0 | 3.4 | −3.7% |
| Oaktree Specialty Lending | $12.50 | +1.05% | $1.10B | 25.8 | 9.1 | 3.9 | +12.3% |
| Median | 22.6 | 9.1 | 3.9 | −13.0% |