(1) At fair value.
(2) Represents ARCC's portion of its co-investments with Varagon Capital Partners and its clients in first lien senior secured loans to U.S. middle-market companies. As of March 31, 2021, the Senior Direct Lending Program, LLC (the "SDLP") had loans to 21 different borrowers. The portfolio companies in the SDLP are in industries similar to companies in ARCC's portfolio.
(3) Includes ARCC's investment in the SDLP, which represented 6.9% of the total investment portfolio at fair value as of March 31, 2021.
Portfolio of Investments
| Company/Description | Region | Senior Secured Loan* | Senior Subordinated | Equity/Other | Industry |
|---|---|---|---|---|---|
| A.U.L. Corp. Provider of vehicle service contracts and limited warranties for passenger vehicles | West | Consumer Services | |||
| Absolute Dental Group LLC and Absolute Dental Equity, LLC Dental services provider | West | Health Care Services | |||
| ACAS Equity Holdings Corporation Investment company | West | Investment Funds and Vehicles | |||
| Accommodations Plus Technologies LLC and Accommodations Plus Technologies Holdings LLC Provider of outsourced crew accommodations and logistics management solutions to the airline industry | Mid Atlantic | Commercial & Professional Services | |||
| ADCS Billings Intermediate Holdings, LLC Dermatology practice | Southeast | Health Care Services | |||
| ADF Capital, Inc., ADF Restaurant Group, LLC, and ARG Restaurant Holdings, Inc. Restaurant owner and operator | Mid Atlantic | Consumer Services | |||
| ADG, LLC and RC IV GEDC Investor LLC Dental services provider | Midwest | Health Care Services | |||
| AEP Holdings, Inc. and Arrowhead Holdco Company Distributor of non-discretionary, mission-critical aftermarket replacement parts | Midwest | Capital Goods | |||
| Aero Operating LLC Provider of snow removal and melting service for airports and marine terminals | Mid Atlantic | Commercial & Professional Services | |||
| AffiniPay Midco, LLC and AffiniPay Intermediate Holdings, LLC Payment processing solution provider | Midwest | Software & Services | |||
| Aimbridge Acquisition Co., Inc. Hotel operator | Midwest | Consumer Services | |||
| Alcami Corporation and ACM Holdings I, LLC Outsourced drug development services provider | Southeast | Pharmaceuticals, Biotechnology & Life Sciences | |||
| Alera Group Intermediate Holdings, Inc. Insurance service provider | Midwest | Insurance Services | |||
| Alteon Health, LLC Provider of physician management services | Mid Atlantic | Health Care Services | |||
| AMCP Clean Intermediate, LLC Provider of janitorial and facilities management services | Mid Atlantic | Commercial & Professional Services | |||
| American Residential Services L.L.C. and Aragorn Parent Holdings LP Heating, ventilation and air conditioning services provider | Southeast | Consumer Services | |||
| American Seafoods Group LLC and American Seafoods Partners LLC Harvester and processor of seafood | West | Food, Beverage & Tobacco | |||
| Amynta Agency Borrower Inc. and Amynta Warranty Borrower Inc. Insurance service provider | Mid Atlantic | Insurance Services | |||
| Anaqua Parent Holdings, Inc. & Astorg VII Co-Invest Anaqua Provider of intellectual property management lifecycle software | Northeast | Software & Services | |||
| APG Intermediate Holdings Corporation and APG Holdings, LLC Aircraft performance software provider | West | Software & Services | |||
| Apptio, Inc. Provider of cloud-based technology business management solutions | West | Software & Services | |||
| AQ Sunshine, Inc. Specialized insurance broker | West | Insurance Services | |||
| Ardonagh Midco 2 plc and Ardonagh Midco 3 plc Insurance broker and underwriting servicer | International | Insurance Services | |||
| ARES 2007-3R Investment vehicle | International | Investment Funds and Vehicles | |||
| Athenahealth, Inc., VVC Holding Corp., Virence Intermediate Holding Corp., and Virence Holdings LLC Revenue cycle management provider to the physician practices and acute care hospitals | Northeast | Health Care Services | |||
| ATI Restoration, LLC Provider of disaster recovery services | West | Consumer Services | |||
| Atlas Intermediate III, L.L.C. Specialty chemicals distributor | Mid Atlantic | Retailing and Distribution | |||
| Automotive Keys Group, LLC and Automotive Keys Investor, LLC Provider of replacement wireless keys for automotive market | Midwest | Automobiles & Components | |||
| Avetta, LLC Supply chain risk management SaaS platform for global enterprise clients | West | Software & Services | |||
| Badger Sportswear Acquisition, Inc. Provider of team uniforms and athletic wear | Southeast | Consumer Durables & Apparel | |||
| Banyan Software Holdings, LLC Vertical software businesses holding company | Southeast | Software & Services | |||
| Beacon RNG LLC Owner of natural gas facilities | Mid Atlantic | Power Generation | |||
| Bearcat Buyer, Inc. and Bearcat Parent, Inc. Provider of central institutional review boards over clinical trials | Mid Atlantic | Health Care Services | |||
| Belfor Holdings, Inc. Disaster recovery services provider | Midwest | Consumer Services | |||
| Benecon Midco II LLC and Locutus Holdco LLC Employee benefits provider for small and mid-size employers | Mid Atlantic | Insurance Services | |||
| Birch Permian, LLC Operator of private exploration oil and production company | Midwest | Energy | |||
| Blue Angel Buyer 1, LLC and Blue Angel Holdco, LLC Distributor of OEM appliance aftermarket parts | Midwest | Retailing and Distribution | |||
| Blue Campaigns Intermediate Holding Corp. and Elevate Parent, Inc. (dba EveryAction) Provider of fundraising and organizing efforts and digital services to non-profits and political campaigns | Mid Atlantic | Software & Services | |||
| Blue Wolf Capital Fund II, L.P. Investment partnership | Northeast | Investment Funds and Vehicles | |||
| Bowhunter Holdings, LLC Provider of branded archery and bowhunting accessories | Southeast | Consumer Durables & Apparel | |||
| Bragg Live Food Products, LLC and SPC Investment Co., L.P. Health food company | West | Food, Beverage & Tobacco | |||
| Cadence Aerospace, LLC Aerospace precision components manufacturer | West | Capital Goods | |||
| CallMiner, Inc. Provider of cloud-based conversational analytics solutions | Northeast | Software & Services | |||
| Capstone Acquisition Holdings, Inc. and Capstone Parent Holdings, LP Outsourced supply chain solutions provider to operators of distribution centers | Southeast | Commercial & Professional Services | |||
| Cardinal Parent, Inc. and Packers Software Intermediate Holdings, Inc. Provider of software and technology-enabled content and analytical solutions to insurance brokers | Midwest | Software & Services | |||
| CCS-CMGC Holdings, Inc. Correctional facility healthcare operator | Southeast | Health Care Services | |||
| Center for Autism and Related Disorders, LLC Autism treatment and services provider specializing in applied behavior analysis therapy | West | Health Care Services | |||
| Centric Brands LLC and Centric Brands L.P. Designer, marketer and distributor of licensed and owned apparel | West | Consumer Durables & Apparel | |||
| ChargePoint, Inc. Developer and operator of electric vehicle charging stations | West | Consumer Services | |||
| Chariot Acquisition, LLC Manufacturer of aftermarket golf cart parts and accessories | Southeast | Retailing and Distribution | |||
| Cheyenne Petroleum Company Limited Partnership, CPC 2001 LLC and Mill Shoals LLC Private oil exploration and production company | Midwest | Energy | |||
| CHG PPC Parent LLC Diversified food products manufacturer | Midwest | Food, Beverage & Tobacco | |||
| Cipriani USA, Inc. and Cipriani Group Holding S.A.R.L. Manager and operator of banquet facilities, restaurants, hotels and other leisure properties | Mid Atlantic | Consumer Services | |||
| Clearwater Analytics, LLC Provider of integrated cloud-based investment portfolio management, accounting, reporting and analytics software | West | Software & Services | |||
| CMW Parent LLC (fka Black Arrow, Inc.) Multiplatform media firm | Mid Atlantic | Media & Entertainment | |||
| CoLTs 2005-1 Ltd. Investment vehicle | International | Investment Funds and Vehicles |
*Represents investments in first lien senior secured loans (including "unitranche" loans, which are loans that combine both senior and subordinated debt, generally in a first lien position) and second lien senior secured loans.