Andrii Yalanskyi Written by Nick Ackerman. CION Investment Corp. (NYSE:CION) is a debt-focused business development company ("BDC"). They primarily focus on floating rate senior secured debt investments. They are invested across 109 portfolio companies and manage $2 billion in total assets. While they are a debt-focused BDC, it still leaves a sleeve open for some equity investments as well. They are also externally managed, which investors generally view as a negative as there can be some conflicts of inter ...