Apollo agrees to 50% equity share in CION BDC manager Under the previous arrangement, Apollo split the fees CION earned August 21, 2017 | by Justin Slaughter | Private Debt Investor CION Investment Group and an Apollo Global Management subsidiary have restructured the CION Investment Corporation business development company manager into a joint venture, according…

CION and Apollo Restructure Relationship for BDC July 14, 2017 | by Jared Schneider | Blue Vault On July 11, 2017, CION Investment Corp. terminated its sub-adviser agreement with Apollo Investment Management in order to structure a 50%-50% joint venture between CION Investments and Apollo. The adviser, CIM, is now owned 50% by CION Investments and…

CION Announces New Share Structure May 2, 2017 | by Beth Glavosek | Blue Vault CION has announced a new “T share”-type structure for its offering, effective Monday, May 1, for its CION Investment Corporation (CIC) product. CIC is a credit-focused business development company that primarily invests in the debt of private and thinly-traded U.S.…

CION Investment Corporation Maintains Distribution Rate for April 2017 March 30, 2017 | by James Sprow | Blue Vault On March 23, 2017, the board of directors of CION Investment Corporation (“CION”), a CION Investments company, declared four regular weekly cash distributions of $0.014067 per share each, which will be paid in April 2017. Each of the regular…

CION Investment Corporation Announces Operating Results March 16, 2017 | by James Sprow | Blue Vault CION Investment Corporation ("CION"), a middle market loan fund that is structured as a non-traded business development company, provided an overview of its operating results for the year ended December 31, 2016, in a filing with the SEC on March…

CION Investment Corporation Reduces Sales Load January 6, 2017 | by James Sprow | Blue Vault CION Investment Corporation (CIC) announced on January 3, 2017, a reduction in the sales load for their continuous public offering of common stock from 10% to 5% and a reduction in the dealer manager fee from 3% to 2%.…

  CION Ares Diversified Credit Fund Declared Effective January 5, 2017 | by Jared Schneider | Blue Vault CION Investments latest offering became effective in December 2016. CION has partnered with Ares Management to launch a new credit-focused interval fund. The fund will focus on a diversified debt strategy that can take an opportunistic and…