Key Takeaways CION Investment Corp. (CION) is moving through 2026 in a private-credit market that is active, but not easy. Competition is keeping spreads tight at the same time leverage is rising and lender protections are loosening. That mix can lift activity while still limiting incremental returns. Against that backdrop, investors will likely focus on how CION converts better deal flow into durable income and net asset value, without letting credit costs or funding constraints erode the math. CION Sees P ...