MidCap Financial Investment Corporation

The 2022 name change from Apollo Investment Corporation signaled how closely MidCap Financial Investment Corporation now works with MidCap Financial, a middle-market lender in the Apollo orbit. It is a business development company run by an Apollo Global Management affiliate, and its portfolio leans heavily on directly originated first-lien senior secured loans to private U.S. companies. The aim is steady current income, with capital gains a secondary hope. In 2024 it absorbed two Apollo closed-end credit funds, expanding its balance sheet. Like other BDCs, it must hand most of its taxable income to shareholders, so the dividend is the main attraction, and its fortunes track the health of the mid-sized borrowers it finances and the direction of floating interest rates.

On MyRWA, MFIC trades tokenized across 1 on-chain venue - see the listings below.