A fund managed by Ares Management acquires the investment company MidCap Financial Investment Corp. (MFIC) from Apollo Global Management for $2.5 billion, the Wall Street Journal writes. The deal will be paid in cash and Ares Capital shares. The merger is expected to close in the first half of 2027, after which MFIC shareholders will own approximately 5% of the combined entity and its total investable assets will exceed $31 billion.

A fund managed by Ares Management acquires the investment company MidCap Financial Investment Corp. (MFIC) from Apollo Global Management for $2.5 billion, the Wall Street Journal writes. The deal will be paid in cash and Ares Capital shares. The merger is expected to close in the first half of 2027, after which MFIC shareholders will own approximately 5% of the combined entity and its total investable assets will exceed $31 billion.