HIGHOutside partyCounterparty
Apollo Investment Management (AIM)
“10-K Item 1: 'Apollo Investment Management, L.P. (the “Investment Adviser” or “AIM”) is our investment adviser'”
MFIC · Concentration risk · 10-K extracted
MidCap Financial Investment Cor (MFIC) concentration risks
Updated
The most significant concentration MidCap Financial Investment Cor discloses is Apollo Investment Management (AIM), classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: MidCap Financial Investment Cor’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 1 disclosed concentration
HIGH1
MEDIUM0
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06MFIC's most significant disclosed concentration is not asset-based but relational: the company depends entirely on Apollo Investment Management, L.P. ("AIM"), which serves as its investment adviser. This is a high disclosed-size dependency exposure — as a business development company, MFIC has no in-house investment function separate from AIM, so essentially all origination, underwriting, and portfolio-management decisions run through this single external relationship. Unlike a customer or geographic concentration, this exposure is idiosyncratic to the counterparty rather than macro-cyclical: it would take a disruption at AIM itself — a change in personnel, strategy, or the advisory agreement — to threaten the arrangement, not a broader economic or sector shock. Because no other concentration claims are disclosed in the reviewed sources, this adviser dependency stands as the single dominant risk factor for the name. It is the one line in the filing where an idiosyncratic event, rather than a market-wide one, could most directly affect operations, and it should be weighted accordingly in any verdict on the stock.
For the engine’s reasoning on MFIC’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Asset Management
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AAMI | Acadian Asset Management Inc. | 1 | 2 | 1 | 4 |
| ALTI | AlTi Global, Inc. | 1 | 0 | 0 | 1 |
| MFIC● | MidCap Financial Investment Cor | 1 | 0 | 0 | 1 |
| AMP | Ameriprise Financial, Inc. | 0 | 1 | 0 | 1 |
| AB | AllianceBernstein Holding L.P. | 0 | 0 | 1 | 1 |
| AMG | Affiliated Managers Group, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.