MidCap Financial Investment reports quarterly loss on portfolio weakness

6 articles · Updated · Bloomberg · May 6

The Apollo-managed direct lender posted a net loss of 30 cents a share, versus a 32-cent profit a year earlier, while net asset value per share fell to $13.82.
Its NAV dropped from $14.18 at the end of December and missed analyst expectations, according to the company's statement.
The business development company said declining valuations, market volatility and weakness in some specific deals hurt its portfolio.

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