v3.26.1
Fair Value Measurements - Schedule of Fair Value Measurements of Investments and Foreign Currency Forward Contracts, by Major Class According to the Fair Value Hierarchy (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Fair Value Measurements    
Fair Value $ 211,559 [1],[2] $ 191,033 [3],[4],[5],[6],[7]
Foreign currency forward contracts asset (liability) (460) (343)
Senior secured loans    
Fair Value Measurements    
Fair Value 199,088 180,094
Equity investments    
Fair Value Measurements    
Fair Value 12,471 10,939
Level 1    
Fair Value Measurements    
Fair Value 0 0
Foreign currency forward contracts asset (liability) 0 0
Level 1 | Senior secured loans    
Fair Value Measurements    
Fair Value 0 0
Level 1 | Equity investments    
Fair Value Measurements    
Fair Value 0
Level 2    
Fair Value Measurements    
Fair Value 0 0
Foreign currency forward contracts asset (liability) (460) (343)
Level 2 | Senior secured loans    
Fair Value Measurements    
Fair Value 0 0
Level 2 | Equity investments    
Fair Value Measurements    
Fair Value 0 0
Level 3    
Fair Value Measurements    
Fair Value 211,559 191,033
Foreign currency forward contracts asset (liability) 0 0
Level 3 | Senior secured loans    
Fair Value Measurements    
Fair Value 199,088 180,094
Level 3 | Equity investments    
Fair Value Measurements    
Fair Value $ 12,471 $ 10,939
[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.