MidCap Financial Investment : June 2025 Investor Presentation

Published: 2025-06-16 17:59:01 ET MFIC

Published on 06/16/2025 at 17:59

MidCap Financial Investment Corporation

June 2025

Unless otherwise noted, information as of March 31, 2025.

Confidential and Proprietary - Not for distribution, in whole or in part, without the express written consent of Apollo Global Management, Inc.

It should not be assumed that investments made in the future will be profitable or will equal the performance of the investments shown in this document.

Table of Contents

Introduction

Private Credit Environment MidCap Financial

MidCap Financial Investment Corporation's (MFIC) Investment Strategy and Portfolio

Appendix

3

Introduction

4

INTRODUCTION

MidCap Financial Investment Corporation ("MFIC" or the "Company")

Who is MFIC?

MidCap Financial Investment Corporation (NASDAQ: MFIC) is an externally managed, publicly traded, business development company, focused on providing senior debt solutions to middle market companies. We derive significant benefits from our affiliation with Apollo, a global high-growth alternative asset manager, and its unique partnership with MidCap Financial, a leading middle market lender. Through MFIC, shareholders can access institutional quality private credit at an industry-leading fee structure.

Investment Portfolio

$3.19B 240

Total Portfolio # of Compa

10.7%

Weighted Average Yield 2, 3

49 92%

nies # of Industries Direct Origination and

Other1

99% 100%

First Lien 3 Floating Rate3

Fund Features

$1.39B

Net Assets

1.31x

Net Leverage4

$1.94B

Debt Outstanding

BBB- / Positive Outlook

KBRA5

Industry Leading Fee Structure, among listed BDCs

Management Fee Incentive Fee

1.75% on Net Assets 17.5% with Total Return Hurdle with

3 year lookback

Access MFIC's Latest Financial Results

Earnings Call [Webcast]

Earnings [Release]

Note: As of March 31, 2025. At fair value, unless otherwise noted. There is no guarantee that similar allocations or investments will be available in the future. 1. Direct Origination and other includes leveraged lending, life sciences, franchise finance, asset based and lender finance. Excludes Merx Aviation and other select investments. 2 Weighted average yield on debt investments. On a cost basis. Exclusive of investment on non-accrual status. Based on average of beginning of period and end of period portfolio yield. 3. Based on Direct Origination portfolio. 4. The Company's net leverage ratio is defined as debt outstanding plus payable for investments purchased, less receivable for investments sold, less cash and cash equivalents, less foreign currencies, divided by net assets. 5. Kroll Bond Rating Agency rating affirmed in June 2024 and revised the rating Outlook to Positive from Stable. Credit ratings are statements of opinions and are not statements of fact or recommendations to purchase, hold or sell securities. Apollo provides compensation directly to Kroll

for its evaluation of the Fund. Credit ratings do not address the suitability of securities or the suitability of securities for investment purposes and should not be relied on as investment advice. 5

Disclaimer

Midcap Financial Investment Corporation published this content on June 16, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 16, 2025 at 21:59 UTC.