Apollo Investment Corp was incorporated on February 2, 2004 in the state of Maryland. The Company is a closed-end, externally managed, non-diversified management investment company. Its investment objective is to generate current income and capital appreciation. It invests in various forms of debt investments includes secured and unsecured loans, mezzanine investments, and/or equity in private middle-market companies. The Company's portfolio is comprised of investments in debt, including secured, unsecured and mezzanine debt of private-middle market companies. The Company is subject to federal, state and local laws and regulations and is subject to judicial and administrative decisions that affect its operations, including its loan originations, maximum interest rates, fees and other charges, disclosures to portfolio companies, the terms of secured transactions, collection and foreclosure procedures and other trade practices. The Company's main competitors in providing financing to middle-market companies include public and private funds, commercial and investment banks, commercial financing companies, other BDCs or hedge funds.