v3.26.1
CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Assets    
Investments, at fair value: $ 211,559 [1],[2] $ 191,033 [3],[4],[5],[6],[7]
Cash and cash equivalents 1,115 729
Restricted cash and cash equivalents 3,916 6,524
Interest and dividend receivable 2,223 1,559
Deferred organizational and operating expenses 2,519 2,154
Other assets 0 80
Total assets 221,332 202,079
Liabilities    
Debt 113,500 99,400
Less: Unamortized debt issuance costs (2,179) (2,332)
Total debt, less unamortized debt issuance costs 111,321 97,068
Interest payable 1,652 686
Net unrealized loss on foreign currency forward contracts 460 343
Payable for unsettled trades 126 83
Base management fees payable 485 207
Incentive fees payable 213 161
Due to Adviser 1,510 1,510
Accounts payable and accrued expenses 1,275 704
Distributions payable 804 0
Trustees' fees payable 25 0
Total liabilities 117,871 100,762
Commitments and contingencies (See Note 10)
Net Assets    
Common Shares, $0.01 par value, unlimited Common Shares authorized, 4,019,156 and 3,948,488 Class I shares issued and outstanding, respectively 40 39
Capital in excess of par value 101,679 99,866
Accumulated undistributed (overdistributed) earnings 1,742 1,412
Total net assets 103,461 101,317
Total liabilities and total net assets 221,332 202,079
NET ASSET VALUE PER SHARE    
Net assets $ 103,461 $ 101,317
Common shares outstanding (in shares) 4,019,156 3,948,488
Net asset value per share (in dollars per share) $ 25.74 $ 25.66
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Non-controlled/non-affiliate company investments    
Assets    
Investments, at fair value: $ 211,559 [1],[2] $ 191,033 [3],[4],[5],[6],[7]
[1] All of Monroe Capital Enhanced Corporate Lending Fund’s (together with its consolidated wholly-owned subsidiaries, the “Fund”) investments are issued by eligible portfolio companies, as defined in the Investment Company Act of 1940, as amended, (the “1940 Act”), unless otherwise noted. All of the Fund’s investments are issued by U.S. portfolio companies unless otherwise noted. As of March 31, 2026 all investments are non-controlled, non-affiliated investments. Non-controlled, non-affiliated investments are defined as investments in which the Fund owns less than 5% of the portfolio company’s outstanding voting securities and does not have the power to exercise control over the management or policies of such portfolio company.
[2] Except as otherwise noted, because there is no readily available market value for these investments, the fair value of each of these investments is determined in good faith using significant unobservable inputs by the Valuation Designee (as defined in Note 4 in the accompanying notes to the consolidated financial statements). See Note 4 in the accompanying notes to the consolidated financial statements for more information regarding the fair value of the Fund’s investments.
[3] All of the Fund's investments are issued by eligible portfolio companies, as defined in the 1940 Act unless otherwise noted. All of the Fund’s investments are issued by U.S. portfolio companies unless otherwise noted. As of December 31, 2025 all investments are non-controlled, non-affiliated investments. Non-controlled, non-affiliated investments are defined as investments in which the Fund owns less than 5% of the portfolio company’s outstanding voting securities and does not have the power to exercise control over the management or policies of such portfolio company.
[4] Except as otherwise noted, because there is no readily available market value for these investments, the fair value of each of these investments is determined in good faith using significant unobservable inputs by the Valuation Designee (as defined in Note 4 in the accompanying notes to the consolidated financial statements). See Note 4 in the accompanying notes to the consolidated financial statements for more information regarding the fair value of the Fund’s investments.
[5] Investments without an interest rate are non-income producing.
[6] Ownership of certain equity investments may occur through a holding company or partnership.
[7] Represents less than 5% ownership of the portfolio company’s voting securities.