XML 84 R65.htm IDEA: XBRL DOCUMENT v3.22.4

Fair Value of Financial Instruments - Schedule of Fair Value Measurement Inputs and Valuation Techniques (Details) $ in Thousands	Dec. 31, 2022 USD ($) $ / shares	Dec. 31, 2021 USD ($) $ / shares
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	$ 1,760,030	$ 1,754,039	[1]
Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	1,716,054	1,632,922
Level 3 | Senior secured first lien debt | Discounted Cash Flow | Discount Rates
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	$ 1,471,816	$ 1,292,635
Level 3 | Senior secured first lien debt | Discounted Cash Flow | Minimum | Discount Rates
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.065	0.055
Level 3 | Senior secured first lien debt | Discounted Cash Flow | Maximum | Discount Rates
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.340	0.247
Level 3 | Senior secured first lien debt | Discounted Cash Flow | Weighted Average | Discount Rates
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.147	0.099
Level 3 | Senior secured first lien debt | Broker Quotes | Broker Quotes
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	$ 79,035	$ 183,768
Level 3 | Senior secured first lien debt | Market Comparable Approach | EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	3,552	27,557
Level 3 | Senior secured first lien debt | Market Comparable Approach | Revenue Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	20,050	$ 6,327
Measurement input		2.25
Level 3 | Senior secured first lien debt | Market Comparable Approach | $ per kW
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	$ 4,527
Measurement input | $ / shares	131.85
Level 3 | Senior secured first lien debt | Market Comparable Approach | Minimum | EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	2.75	3.50
Level 3 | Senior secured first lien debt | Market Comparable Approach | Minimum | Revenue Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.25
Level 3 | Senior secured first lien debt | Market Comparable Approach | Maximum | EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	4.25	6.00
Level 3 | Senior secured first lien debt | Market Comparable Approach | Maximum | Revenue Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	1.70
Level 3 | Senior secured first lien debt | Market Comparable Approach | Weighted Average | EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	4.09	4.98
Level 3 | Senior secured first lien debt | Market Comparable Approach | Weighted Average | Revenue Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	1.19
Level 3 | Senior secured first lien debt | Other Valuation Technique
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	$ 532	$ 16,702
Level 3 | Senior secured second lien debt | Discounted Cash Flow | Discount Rates
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	$ 38,769	$ 24,408
Level 3 | Senior secured second lien debt | Discounted Cash Flow | Minimum | Discount Rates
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.143	0.085
Level 3 | Senior secured second lien debt | Discounted Cash Flow | Maximum | Discount Rates
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.215	0.186
Level 3 | Senior secured second lien debt | Discounted Cash Flow | Weighted Average | Discount Rates
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.172	0.127
Level 3 | Senior secured second lien debt | Broker Quotes | Broker Quotes
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value		$ 14,175
Level 3 | Collateralized securities and structured products - equity | Discounted Cash Flow | Discount Rates
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	$ 1,179	$ 2,998
Measurement input	0.210	0.160
Level 3 | Unsecured debt | Discounted Cash Flow | Discount Rates
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	$ 7,327	$ 26,616
Level 3 | Unsecured debt | Discounted Cash Flow | Minimum | Discount Rates
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.177	0.127
Level 3 | Unsecured debt | Discounted Cash Flow | Maximum | Discount Rates
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input		0.162
Level 3 | Unsecured debt | Discounted Cash Flow | Weighted Average | Discount Rates
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input		0.136
Level 3 | Unsecured debt | Market Comparable Approach | EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	$ 15,316
Level 3 | Unsecured debt | Market Comparable Approach | Minimum | EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	9.25
Level 3 | Equity | Discounted Cash Flow | Discount Rates
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	$ 2,238
Level 3 | Equity | Discounted Cash Flow | Minimum | Discount Rates
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	16.8
Level 3 | Equity | Broker Quotes | Broker Quotes
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	$ 1,234
Level 3 | Equity | Market Comparable Approach | EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	33,441	$ 17,596
Level 3 | Equity | Market Comparable Approach | Revenue Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	13,038	4,032
Level 3 | Equity | Market Comparable Approach | $ per kW
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	$ 23,995	$ 15,127
Measurement input | $ / shares	412.5	325
Level 3 | Equity | Market Comparable Approach | Minimum | EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	2.75	3.25
Level 3 | Equity | Market Comparable Approach | Minimum | Revenue Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.13	0.68
Level 3 | Equity | Market Comparable Approach | Maximum | EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	14.55	21.50
Level 3 | Equity | Market Comparable Approach | Maximum | Revenue Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	5.75	2.00
Level 3 | Equity | Market Comparable Approach | Weighted Average | EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	7.02	9.88
Level 3 | Equity | Market Comparable Approach | Weighted Average | Revenue Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	2.93	1.87
Level 3 | Equity | Options Pricing Model | Expected Volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	$ 5	$ 981
Level 3 | Equity | Options Pricing Model | Minimum | Expected Volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.800	0.730
Level 3 | Equity | Options Pricing Model | Maximum | Expected Volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.900	0.842
Level 3 | Equity | Options Pricing Model | Weighted Average | Expected Volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.873	0.730
[1] Fair value determined in good faith by the Company’s board of directors (see Note 9) using significant unobservable inputs unless otherwise noted.

X

- Definition

Investment Owned, Fair Value, Measurement Input

+ References

No definition available.

+ Details

Name:	cion_InvestmentOwnedFairValueMeasurementInput
Namespace Prefix:	cion_
Data Type:	xbrli:decimalItemType
Balance Type:	na
Period Type:	instant

X

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:	us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Value of the investment at close of period. For schedules of investments that are categorized, the value would be aggregated by category. For investment in and advances to affiliates, if operations of any controlled companies are different in character from those of the company, group such affiliates within divisions and by type of activities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 210
-Section 50
-Paragraph 6
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=99383244&loc=d3e12121-115841

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 320
-Section S99
-Paragraph 5D
-Subparagraph (SX 210.12-13D(Column C))
-URI https://asc.fasb.org/extlink&oid=122147990&loc=SL120429264-123010

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 320
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column C))
-URI https://asc.fasb.org/extlink&oid=122147990&loc=d3e611197-123010

+ Details

Name:	us-gaap_InvestmentOwnedAtFairValue
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- Details

Name:	us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=cion_SeniorSecuredFirstLienDebtMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_ValuationTechniqueAxis=us-gaap_ValuationTechniqueDiscountedCashFlowMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_MeasurementInputTypeAxis=us-gaap_MeasurementInputDiscountRateMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_RangeAxis=srt_MinimumMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_RangeAxis=srt_MaximumMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_RangeAxis=srt_WeightedAverageMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_ValuationTechniqueAxis=cion_ValuationTechniqueBrokerQuotesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_MeasurementInputTypeAxis=cion_MeasurementInputBrokerQuotesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_ValuationTechniqueAxis=us-gaap_MarketApproachValuationTechniqueMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_MeasurementInputTypeAxis=us-gaap_MeasurementInputEbitdaMultipleMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_MeasurementInputTypeAxis=us-gaap_MeasurementInputRevenueMultipleMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_MeasurementInputTypeAxis=cion_MeasurementInputDollerPerKWMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_ValuationTechniqueAxis=cion_OtherValuationTechniqueMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=cion_SeniorSecuredSecondLienDebtMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=cion_CollateralizedSecuritiesAndStructuredProductsEquityMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=cion_DebtSecuritiesUnsecuredDebtMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=us-gaap_EquitySecuritiesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_ValuationTechniqueAxis=us-gaap_ValuationTechniqueOptionPricingModelMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_MeasurementInputTypeAxis=cion_MeasurementInputExpectedVolatilityMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: