v3.26.1
Fair Value of Financial Instruments - Schedule of Unobservable Inputs Used to Measure The Fair Value Of The Level 3 Portfolio Investments (Details)
$ in Thousands
Jun. 30, 2026
USD ($)
yr
Dec. 31, 2025
USD ($)
yr
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 139,972 [1] $ 123,127 [2],[3],[4],[5],[6]
Warrants    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value 4,224 3,214
Equity investments    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value 1,246 520
Level 3    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value 139,902 123,127
Level 3 | Debt investments | Discounted Cash Flows    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 120,454 $ 108,598
Level 3 | Debt investments | Discounted Cash Flows | Minimum | Hypothetical Market Yield    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 0.057 0.098
Level 3 | Debt investments | Discounted Cash Flows | Maximum | Hypothetical Market Yield    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 0.250 0.306
Level 3 | Debt investments | Discounted Cash Flows | Weighted Average | Hypothetical Market Yield    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 0.138 0.134
Level 3 | Debt investments | Cost approximates fair value    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 11,900 $ 10,356
Level 3 | Debt investments | Transaction Precedent    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value 2,148 439
Level 3 | Warrants    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value 4,224 3,214
Level 3 | Warrants | Market Approach    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 4,018 $ 3,030
Level 3 | Warrants | Market Approach | Minimum | Performance Multiple    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 0.6  
Level 3 | Warrants | Market Approach | Minimum | Volatility    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 0.436 0.438
Level 3 | Warrants | Market Approach | Minimum | Risk-Free Interest Rate    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 0.039 0.035
Level 3 | Warrants | Market Approach | Minimum | Revenue Multiple    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input   0.7
Level 3 | Warrants | Market Approach | Minimum | Estimated Time to Exit (in years)    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input | yr 1.8 1.0
Level 3 | Warrants | Market Approach | Maximum | Performance Multiple    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 22.9  
Level 3 | Warrants | Market Approach | Maximum | Volatility    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 1.348 1.139
Level 3 | Warrants | Market Approach | Maximum | Risk-Free Interest Rate    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 0.042 0.039
Level 3 | Warrants | Market Approach | Maximum | Revenue Multiple    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input   47.5
Level 3 | Warrants | Market Approach | Maximum | Estimated Time to Exit (in years)    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input | yr 4.5 4.5
Level 3 | Warrants | Market Approach | Weighted Average | Performance Multiple    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 3.9  
Level 3 | Warrants | Market Approach | Weighted Average | Volatility    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 0.741 0.713
Level 3 | Warrants | Market Approach | Weighted Average | Risk-Free Interest Rate    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 0.041 0.035
Level 3 | Warrants | Market Approach | Weighted Average | Revenue Multiple    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input   15.8
Level 3 | Warrants | Market Approach | Weighted Average | Estimated Time to Exit (in years)    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input | yr 2.9 2.7
Level 3 | Warrants | Black Scholes    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 206 $ 183
Level 3 | Warrants | Black Scholes | Minimum | Volatility    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 0.721 0.618
Level 3 | Warrants | Black Scholes | Minimum | Risk-Free Interest Rate    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 0.042 0.037
Level 3 | Warrants | Black Scholes | Minimum | Estimated Time to Exit (in years)    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input | yr 4.2 4.7
Level 3 | Warrants | Black Scholes | Maximum | Volatility    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 1.247 1.280
Level 3 | Warrants | Black Scholes | Maximum | Risk-Free Interest Rate    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 0.044 0.042
Level 3 | Warrants | Black Scholes | Maximum | Estimated Time to Exit (in years)    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input | yr 9.3 9.8
Level 3 | Warrants | Black Scholes | Weighted Average | Volatility    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 0.934 0.840
Level 3 | Warrants | Black Scholes | Weighted Average | Risk-Free Interest Rate    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 0.043 0.040
Level 3 | Warrants | Black Scholes | Weighted Average | Estimated Time to Exit (in years)    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input | yr 7.8 8.4
Level 3 | Equity investments    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 1,176 $ 520
Level 3 | Equity investments | Cost approximates fair value    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value 30 30
Level 3 | Equity investments | Market Approach    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 1,146 $ 491
Level 3 | Equity investments | Market Approach | Minimum | Volatility    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 0.395 0.402
Level 3 | Equity investments | Market Approach | Minimum | Risk-Free Interest Rate    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 0.039 0.035
Level 3 | Equity investments | Market Approach | Minimum | Revenue Multiple    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 3.1 3.7
Level 3 | Equity investments | Market Approach | Minimum | Estimated Time to Exit (in years)    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input | yr 2.5 2.3
Level 3 | Equity investments | Market Approach | Maximum | Volatility    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 0.980 0.742
Level 3 | Equity investments | Market Approach | Maximum | Risk-Free Interest Rate    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 0.042 0.036
Level 3 | Equity investments | Market Approach | Maximum | Revenue Multiple    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 3.9 19.4
Level 3 | Equity investments | Market Approach | Maximum | Estimated Time to Exit (in years)    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input | yr 4.5 3.8
Level 3 | Equity investments | Market Approach | Weighted Average | Volatility    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 0.713 0.645
Level 3 | Equity investments | Market Approach | Weighted Average | Risk-Free Interest Rate    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 0.041 0.036
Level 3 | Equity investments | Market Approach | Weighted Average | Revenue Multiple    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 3.4 14.3
Level 3 | Equity investments | Market Approach | Weighted Average | Estimated Time to Exit (in years)    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input | yr 3.1 3.3
[1] Except as noted, all investments were valued at fair value using Level 3 inputs. Fair value is determined in good faith by Eagle Point Credit Management LLC, as the Fund's “valuation designee,” in accordance with Rule 2a-5 under the Investment Company Act of 1940.
[2] Investment date represents the date of initial investment date, either purchases or funding, not adjusted for modifications.
[3] All debt investments are income producing unless otherwise noted. All equity and warrant investments are non-income producing unless otherwise noted. Equipment financed under our equipment financing investments relates to operational equipment essential to revenue production for the portfolio company in the industry noted.
[4] All investments were valued at fair value using Level 3 inputs. Fair value is determined in good faith by Eagle Point Credit Management LLC, as the Fund's “valuation designee,” in accordance with Rule 2a-5 under the Investment Company Act of 1940.
[5] All portfolio companies are located in North America or Europe. As of December 31, 2025, the Fund had three foreign domiciled portfolio companies, two of which are based in Europe and one of which is based in Canada. In total, foreign domiciled portfolio investment represented 13.4% of total net assets based on fair value.
[6] Investment is not pledged as collateral supporting amounts outstanding under the Fund's credit facility with KeyBank, National Association (the “KeyBank Credit Facility”). See “Note 5 – Borrowings” for more information.