XML 93 R72.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Financial Highlights (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended |  |
--- | --- | --- | --- | ---
Sep. 30, 2023 | Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | Sep. 30, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Sep. 21, 2021 | Sep. 20, 2021
Investment Company, Financial Highlights [Roll Forward] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net asset value, beginning balance (in dollars per share) | $ 15.31 | $ 15.11 | $ 15.98 | [1] | $ 16.26 |  | $ 15.89 | $ 16.20 | $ 16.34 | [1] | $ 15.98 | [1] | $ 16.34 | [1] | $ 15.50 | [1] | $ 16.80 |  | $ 17.38 |  |
Net investment income (loss) (in dollars per share) |  |  |  |  |  |  |  |  |  |  | 1.92 | [2] | 1.56 | [2] | 1.31 | [2] | 1.39 |  | 1.54 |  |
Net realized (loss) gain and net change in unrealized (depreciation) appreciation on investments and (loss) gain on foreign currency (in dollars per share) |  |  |  |  |  |  |  |  |  |  | (0.18) |  | (0.68) |  | 0.79 |  | (1.57) |  | (0.63) |  |
Total net increase (decrease) (in dollars per share) |  |  |  |  |  |  |  |  |  |  | 1.74 |  | 0.88 |  | 2.10 |  | (0.18) |  | 0.91 |  |
Shareholder distributions: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Distributions declared to stockholders from net investment income (in dollars per share) |  |  |  |  |  |  |  |  |  |  | (1.61) |  | (1.44) |  | (1.26) |  | (1.12) |  | (1.49) |  |
Capital share transactions: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Issuance of common stock above net asset value (in dollars per share) |  |  |  |  |  |  |  |  |  |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  |
Repurchases of common stock below net asset value (in dollars per share) |  |  |  |  |  |  |  |  |  |  | 0.12 |  | 0.20 |  | 0 |  | 0 |  | 0 |  |
Net increase in net assets resulting from capital share transactions (in dollars per share) | 15.80 | 15.31 | 15.11 |  | 15.98 |  | 16.26 | 15.89 | 16.20 |  | 0.12 |  | 0.20 |  | 0 |  | 0 |  | 0 |  |
Net asset value, ending balance (in dollars per share) | $ 15.80 | $ 15.31 | $ 15.11 |  | $ 15.98 | [1] | $ 16.26 | $ 15.89 | $ 16.20 |  | $ 16.23 | [1] | $ 15.98 | [1] | $ 16.34 | [1] | $ 15.50 | [1] | $ 16.80 |  |
Shares outstanding at end of period (in shares) |  |  |  |  | 55,299,484 | [1] |  |  |  |  | 54,184,636 | [1] | 55,299,484 | [1] | 56,958,440 | [1] | 56,646,867 |  | 56,690,578 | 56,958,440 | 113,916,869
Total investment return-net value |  |  |  |  |  |  |  |  |  |  | 17.00% |  | 10.44% |  | 14.43% |  | (0.94%) |  | 5.55% |  |
Total investment return-market asset value |  |  |  |  |  |  |  |  |  |  | 34.33% |  | (14.87%) |  | 3.87% |  | 0.00% |  | 0.00% |  |
Net assets at beginning of period |  |  | $ 883,634 | [3] |  |  |  |  | $ 930,512 |  | $ 883,634 | [3] | $ 930,512 |  | $ 878,256 |  | $ 952,563 |  | $ 979,271 |  |
Net assets at end of period |  |  |  |  | $ 883,634 | [3] |  |  |  |  | 879,563 | [4] | 883,634 | [3] | 930,512 |  | 878,256 |  | 952,563 |  |
Average net assets for the period |  |  |  |  | $ 917,781 |  |  |  |  |  | $ 864,886 |  | $ 917,781 |  | $ 918,824 |  | $ 875,846 |  | $ 967,323 |  |
Ratio/Supplemental data: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ratio of net investment income to average net assets |  |  |  |  |  |  |  |  |  |  | 12.14% |  | 9.61% |  | 8.09% |  | 8.99% |  | 9.03% |  |
Ratio of gross operating expenses to average net assets |  |  |  |  |  |  |  |  |  |  | 16.88% |  | 11.63% |  | 9.04% |  | 9.72% |  | 11.76% |  |
Ratio of net operating expenses to average net assets |  |  |  |  |  |  |  |  |  |  | 16.88% |  | 11.63% |  | 9.04% |  | 9.72% |  | 11.76% |  |
Portfolio turnover |  |  |  |  |  |  |  |  |  |  | 17.43% |  | 26.81% |  | 52.04% |  | 22.99% |  | 31.59% |  |
Total amount of senior securities outstanding |  |  |  |  |  |  |  |  |  |  | $ 1,092,344 |  | $ 957,500 |  | $ 830,000 |  | $ 725,000 |  | $ 841,042 |  |
Asset coverage ratio |  |  |  |  | 192.00% |  |  |  |  |  | 181.00% |  | 192.00% |  | 212.00% |  | 221.00% |  | 213.00% |  |
Issuance of shares, per share (in dollars per share) |  |  |  |  |  |  |  |  |  |  | $ 0.01 |  | $ 0.01 |  | $ 0.01 |  | $ 0.01 |  | $ 0.01 |  |
Repurchase of shares, per share (in dollars per share) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ 0.01 |  | $ 0.01 |  | $ 0.01 |  |
Number of shares (in shares) |  |  |  |  |  |  |  |  |  |  | 1 |  |  |  |  |  |  |  |  |  |
[1] | As discussed in Note 3, the Company completed a two-to-one reverse stock split, effective as of September 21, 2021. The shares outstanding used in the computation of net asset value per share for 2021 reflect the reverse stock split on a retroactive basis.
[2] | As discussed in Note 3, the Company completed a two-to-one reverse stock split, effective as of September 21, 2021. The weighted average shares used in the computation of the net increase (decrease) in net assets per share resulting from operations and net investment income per share for 2021 reflect the reverse stock split on a retroactive basis.
[3] | Fair value determined in good faith by the Company’s board of directors (see Note 9), including via delegation to CIM as the Company’s valuation designee (see Note 2), using significant unobservable inputs unless otherwise noted.
[4] | Fair value determined in good faith by the Company’s board of directors (see Note 9), including via delegation to CIM as the Company’s valuation designee (see Note 2), using significant unobservable inputs unless otherwise noted.

X
- Definition Average Net Assets + References No definition available. + Details
Name: | cion_AverageNetAssets
Namespace Prefix: | cion_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Investment Company, Gross Operating Expenses Ratio + References No definition available. + Details
Name: | cion_InvestmentCompanyGrossOperatingExpensesRatio
Namespace Prefix: | cion_
Data Type: | dtr-types1:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Investment Company, Investment Income (Loss) from Operations, Per Share, Rounding + References No definition available. + Details
Name: | cion_InvestmentCompanyInvestmentIncomeLossFromOperationsPerShareRounding
Namespace Prefix: | cion_
Data Type: | dtr-types1:perShareItemType
Balance Type: | na
Period Type: | duration

X
- Definition Investment Company, Net Asset Value Per Share, Issuance Of Common Stock + References No definition available. + Details
Name: | cion_InvestmentCompanyNetAssetValuePerShareIssuanceOfCommonStock
Namespace Prefix: | cion_
Data Type: | dtr-types1:perShareItemType
Balance Type: | na
Period Type: | duration

X
- Definition Investment Company, Net Asset Value Per Share, Repurchase Of Common Stock Below Net Asset Value + References No definition available. + Details
Name: | cion_InvestmentCompanyNetAssetValuePerShareRepurchaseOfCommonStock
Namespace Prefix: | cion_
Data Type: | dtr-types1:perShareItemType
Balance Type: | na
Period Type: | duration

X
- Definition Investment Company, Net Operating Expenses Ratio + References No definition available. + Details
Name: | cion_InvestmentCompanyNetOperatingExpensesRatio
Namespace Prefix: | cion_
Data Type: | dtr-types1:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Investment Company, Number Of Shares + References No definition available. + Details
Name: | cion_InvestmentCompanyNumberOfShares
Namespace Prefix: | cion_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- Definition Investment Company, Ratio Supplemental Data + References No definition available. + Details
Name: | cion_InvestmentCompanyRatioSupplementalDataAbstract
Namespace Prefix: | cion_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of net assets (liabilities). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 30 -Topic 205 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479910/205-30-50-1 + Details
Name: | us-gaap_AssetsNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.6-05(4)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-2 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(4)(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(16)(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(7)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_CommonStockSharesOutstanding
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- References No definition available. + Details
Name: | us-gaap_InvestmentCompanyCapitalShareTransactionsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentCompanyDistributionToShareholdersAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Per share or unit amount of distribution to shareholders. Includes, but is not limited to, dividend and capital gain. Excludes distribution for tax return of capital. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 205 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480737/946-205-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480990/946-20-50-8 + Details
Name: | us-gaap_InvestmentCompanyDistributionToShareholdersPerShare
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:perShareItemType
Balance Type: | na
Period Type: | duration

X
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. + References No definition available. + Details
Name: | us-gaap_InvestmentCompanyFinancialHighlightsRollForward
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Per share or unit amount of realized and unrealized gain (loss) on investment. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 205 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480737/946-205-50-7 + Details
Name: | us-gaap_InvestmentCompanyGainLossOnInvestmentPerShare
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:perShareItemType
Balance Type: | na
Period Type: | duration

X
- Definition Per share or unit amount, after investment expense, of dividend and interest investment income (loss). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 205 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480737/946-205-50-7 + Details
Name: | us-gaap_InvestmentCompanyInvestmentIncomeLossPerShare
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:perShareItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage of investment income (loss) to average net assets. + References No definition available. + Details
Name: | us-gaap_InvestmentCompanyInvestmentIncomeLossRatio
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Per share amount of share issuance by investment company. Includes, but is not limited to, per unit, membership interest, or other ownership interest. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 205 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480737/946-205-50-7 + Details
Name: | us-gaap_InvestmentCompanyIssuanceOfSharesPerShare
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:perShareItemType
Balance Type: | na
Period Type: | duration

X
- Definition Per share or unit amount of increase (decrease) in net asset value. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 205 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480737/946-205-50-7 + Details
Name: | us-gaap_InvestmentCompanyNetAssetValuePerSharePeriodIncreaseDecrease
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:perShareItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage of lesser of purchase or sale of portfolio securities to average value of portfolio securities owned. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 205 -Name Accounting Standards Codification -Section 50 -Paragraph 27 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480737/946-205-50-27 + Details
Name: | us-gaap_InvestmentCompanyPortfolioTurnover
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Per share amount of share repurchase by investment company. Includes, but is not limited to, per unit, membership interest, or other ownership interest. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 205 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480737/946-205-50-7 + Details
Name: | us-gaap_InvestmentCompanyRepurchaseOfSharesPerShare
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:perShareItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage of total assets less all liabilities and indebtedness not represented by senior security, to senior security representing indebtedness. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Investment Company Act of 1940 -Section 61 -Paragraph a -Subparagraph (1) -Publisher SEC + Details
Name: | us-gaap_InvestmentCompanySeniorSecurityIndebtednessAssetCoverageRatio
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Percentage increase (decrease) in fund net asset value, assuming reinvestment of dividends and capital gain distributions. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 205 -Name Accounting Standards Codification -Section 50 -Paragraph 27 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480737/946-205-50-27 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480990/946-20-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 205 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480737/946-205-50-18 + Details
Name: | us-gaap_InvestmentCompanyTotalReturn
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage increase (decrease) in portfolio market value assuming reinvestment of dividend and capital gain distribution. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 205 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480737/946-205-50-18 + Details
Name: | us-gaap_InvestmentCompanyTotalReturnMarketValue
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Average amount outstanding of long-term debt. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(3)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1402 -Paragraph (a) -Publisher SEC Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1402 -Paragraph (b) -Subparagraph (1) -Publisher SEC + Details
Name: | us-gaap_LongTermDebtAverageAmountOutstanding
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Net asset value per share or per unit of investments in certain entities that calculate net asset value per share. Includes, but is not limited to, by unit, membership interest, or other ownership interest. Investment includes, but is not limited to, investment in certain hedge funds, venture capital funds, private equity funds, real estate partnerships or funds. Excludes fair value disclosure. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 35 -Paragraph 54B -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482134/820-10-35-54B Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 35 -Paragraph 59 -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482134/820-10-35-59 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 6A -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-6A Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480167/946-830-55-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section 45 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480555/946-210-45-4 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 205 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480737/946-205-50-7 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 205 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480737/946-205-50-7 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481004/946-505-50-1 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.6-05(4)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-2 + Details
Name: | us-gaap_NetAssetValuePerShare
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:perShareItemType
Balance Type: | na
Period Type: | instant