Midcap Financial Investment Corporation ( (MFIC) ) has released its Q4 earnings. Here is a breakdown of the information Midcap Financial Investment Corporation presented to its investors.
MidCap Financial Investment Corporation is a closed-end, externally managed investment company that primarily invests in first lien senior secured loans to U.S. middle-market companies. The company operates as a business development company and is managed by an affiliate of Apollo Global Management.
In its latest earnings report, MidCap Financial Investment Corporation reported a net investment income of $0.40 per share for the quarter ended December 31, 2024. The company’s net asset value per share slightly decreased to $14.98 from $15.10 in the previous quarter.
Key financial highlights include new investment commitments totaling $255 million and gross fundings of $248 million for the quarter. The company also declared a dividend of $0.38 per share and completed a $529.6 million Collateralized Loan Obligation (CLO) transaction, adding significant secured debt capital.
Looking ahead, the management remains optimistic about the company’s strategic position, citing a plan to gradually increase leverage and benefit from its recent mergers and access to MidCap Financial’s loan origination capabilities.