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Financial Highlights (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2025 | Mar. 31, 2024 | Dec. 31, 2024
Investment Company, Financial Highlights [Roll Forward] |  |  |  |  |
Net asset value, beginning balance (in dollars per share) | $ 15.43 |  | $ 16.23 | $ 16.23 |
Net investment income (in dollars per share) | 0.36 |  | 0.60 | 1.79 |
Net realized loss and net change in unrealized depreciation on investments and loss on foreign currency (in dollars per share) | (1.16) |  | (0.48) | (1.16) |
Net (decrease) increase in net assets resulting from operations (in dollars per share) | (0.80) |  | 0.12 | 0.63 |
Shareholder distributions: |  |  |  |  |
Distributions declared to stockholders from net investment income (in dollars per share) | (0.36) |  | (0.34) | (1.52) |
Capital share transactions: |  |  |  |  |
Repurchases of common stock below net asset value (in dollars per share) | 0.01 |  | 0.04 | 0.09 |
Net increase in net assets resulting from capital share transactions (in dollars per share) | 0.01 |  | 0.04 | 0.09 |
Net asset value, ending balance (in dollars per share) | $ 14.28 |  | $ 16.05 | $ 15.43 |
Shares of common stock outstanding at end of period (in shares) | 53,003,407 |  | 53,760,605 | 53,189,269 |
Total investment return-net asset value | (5.12%) |  | 1.92% | 7.71% |
Total investment return-market value | (6.05%) |  | 0.24% | 14.37% |
Net assets at beginning of period | $ 820,810 | [1] | $ 879,563 | $ 879,563 |
Net assets at end of period | 756,784 | [2] | 863,059 | 820,810 | [1]
Average net assets | $ 806,723 |  | $ 878,758 | $ 861,376 |
Ratio/Supplemental data: |  |  |  |  |
Ratio of net investment income to average net assets | 2.39% |  | 3.71% | 11.13% |
Ratio of net operating expenses to average net assets | 4.56% |  | 4.66% | 18.18% |
Portfolio turnover rate | 2.71% |  | 6.21% | 25.85% |
Total amount of senior securities outstanding | $ 1,117,344 |  | $ 1,069,844 | $ 1,117,344 |
Asset coverage ratio | 168.00% |  | 181.00% | 173.00% |
Number of shares (in shares) | 1 |  |  |  |
[1] | Fair value determined in good faith by the Company’s board of directors (see Note 9), including via delegation to CION Investment Management, LLC as the Company’s valuation designee (see Note 2), using significant unobservable inputs unless otherwise noted.
[2] | Fair value determined in good faith by the Company’s board of directors (see Note 9), including via delegation to CION Investment Management, LLC as the Company’s valuation designee (see Note 2), using significant unobservable inputs unless otherwise noted.

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