On December 21, 2021, CION Investment Corporation formed a joint venture partnership with a leading middle-market private equity firm that will invest primarily in debt opportunities, special situation, crossover, subordinated and other junior capital investments. The initial holdings of the joint venture consist of a diversified portfolio of approximately $97 million of second lien debt and equity investments held by CION immediately prior to closing. CION expects to announce additional details of the joint venture via press release in the coming days.