Portfolio

Balanced Portfolio.
Defensive Industries.
Well Diversified.

ARCC Portfolio

As of September 30, 2020, Ares Capital Corporation’s (“Ares Capital” or “ARCC”) portfolio had a fair value of approximately $14.4 billion, and consisted of 347 portfolio companies backed by 166 different private equity sponsors. Ares Capital has a diversified portfolio in terms of issuer concentration, asset class, industry sector and geographic representation.

Portfolio Composition

*Snapshot as of September 30, 2020⁽¹⁾

Issuer Concentration Composition

 

Asset Class Composition

 

Industry Composition

 

Geographic Composition

 

(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 September 30, 2020, the Senior Direct Lending Program, LLC (the "SDLP") had loans to 22 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 6.5% of the total investment portfolio at fair value as of September 30, 2020.

Portfolio of Investments

Investments as of March 31, 2019 Investments as of September 30, 2020
Company/DescriptionRegionSenior Secured Loan*Senior SubordinatedEquity/OtherIndustry
42 North Dental, LLC (fka Gentle Communications, LLC)

Dental services provider

NortheastHealth Care Services
A.U.L. Corp.

Provider of vehicle service contracts and limited warranties for passenger vehicles

WestConsumer Services
Absolute Dental Group LLC and Absolute Dental Equity, LLC

Dental services provider

WestHealth Care Services
ACAS Equity Holdings Corporation

Investment company

WestInvestment 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 AtlanticCommercial & Professional Services
Acessa Health Inc. (fka HALT Medical, Inc.)

Medical supply provider

WestHealth Care Services
Achilles Acquisition LLC

Benefits broker and outsourced workflow automation platform provider for brokers

SoutheastInsurance
ADCS Billings Intermediate Holdings, LLC

Dermatology practice

SoutheastHealth Care Services
ADF Capital, Inc., ADF Restaurant Group, LLC, and ARG Restaurant Holdings, Inc.

Restaurant owner and operator

Mid AtlanticConsumer Services
ADG, LLC and RC IV GEDC Investor LLC

Dental services provider

MidwestHealth Care Services
AEP Holdings, Inc. and Arrowhead Holdco Company

Distributor of non-discretionary, mission-critical aftermarket replacement parts

MidwestCapital Goods
Aero Operating LLC

Provider of snow removal and melting service for airports and marine terminals

Mid AtlanticCommercial & Professional Services
AffiniPay Midco, LLC and AffiniPay Intermediate Holdings, LLC

Payment processing solution provider

MidwestSoftware & Services
Aimbridge Acquisition Co., Inc.

Hotel operator

MidwestConsumer Services
Air Medical Group Holdings, Inc. and Air Medical Buyer Corp.

Emergency air medical services provider

MidwestHealth Care Services
Alcami Corporation and ACM Holdings I, LLC

Outsourced drug development services provider

SoutheastPharmaceuticals, Biotechnology & Life Sciences
Alera Group Intermediate Holdings, Inc.

Insurance service provider

MidwestInsurance
Alteon Health, LLC

Provider of physician management services

Mid AtlanticHealth Care Services
AMCP Clean Intermediate, LLC

Provider of janitorial and facilities management services

Mid AtlanticCommercial & Professional Services
American Residential Services L.L.C.

Heating, ventilation and air conditioning services provider

SoutheastConsumer Services
American Seafoods Group LLC and American Seafoods Partners LLC

Harvester and processor of seafood

WestFood, Beverage & Tobacco
Amynta Agency Borrower Inc. and Amynta Warranty Borrower Inc.

Insurance service provider

Mid AtlanticInsurance
Anaqua Parent Holdings, Inc. & Astorg VII Co-Invest Anaqua

Provider of intellectual property management lifecycle software

NortheastSoftware & Services
Apex Clean Energy Holdings, LLC

Developer, builder and owner of utility-scale wind and solar power facilities

Mid AtlanticPower Generation
APG Intermediate Holdings Corporation and APG Holdings, LLC

Aircraft performance software provider

WestSoftware & Services
Apptio, Inc.

Provider of cloud-based technology business management solutions

WestSoftware & Services
AQ Sunshine, Inc.

Specialized insurance broker

SoutheastInsurance
Ardonagh Midco 2 plc and Ardonagh Midco 3 plc

Insurance broker and underwriting servicer

InternationalInsurance
ARES 2007-3R

Investment vehicle

InternationalInvestment 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

NortheastHealth Care Services
ATI Restoration, LLC

Provider of disaster recovery services

WestConsumer Services
Atlas Intermediate III, L.L.C.

Specialty chemicals distributor

Mid AtlanticRetailing and Distribution
Avetta, LLC

Supply chain risk management SaaS platform for global enterprise clients

WestSoftware & Services
Badger Sportswear Acquisition, Inc.

Provider of team uniforms and athletic wear

SoutheastConsumer Durables & Apparel
Beacon RNG LLC

Owner of natural gas facilities

Mid AtlanticPower Generation
Bearcat Buyer, Inc. and Bearcat Parent, Inc.

Provider of central institutional review boards over clinical trials

Mid AtlanticHealth Care Services
Belfor Holdings, Inc.

Disaster recovery services provider

MidwestConsumer Services
Birch Permian, LLC

Operator of private exploration oil and production company

MidwestEnergy
Blue Angel Buyer 1, LLC and Blue Angel Holdco, LLC

Distributor of OEM appliance aftermarket parts

MidwestRetailing 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 AtlanticSoftware & Services
Blue Wolf Capital Fund II, L.P.

Investment partnership

NortheastInvestment Funds and Vehicles
Bowhunter Holdings, LLC

Provider of branded archery and bowhunting accessories

SoutheastConsumer Durables & Apparel
Bragg Live Food Products, LLC and SPC Investment Co., L.P.

Health food company

WestFood, Beverage & Tobacco
BW Landco LLC

Real estate developer

Mid AtlanticReal Estate
Cadence Aerospace, LLC

Aerospace precision components manufacturer

WestCapital Goods
CallMiner, Inc.

Provider of cloud-based conversational analytics solutions

NortheastSoftware & Services
Capstone Logistics Acquisition, Inc.

Outsourced supply chain solutions provider to operators of distribution centers

SoutheastCommercial & Professional Services
Carlyle Global Market Strategies CLO 2015-3

Investment vehicle

InternationalInvestment Funds and Vehicles
CCS-CMGC Holdings, Inc.

Correctional facility healthcare operator

SoutheastHealth Care Services
Center for Autism and Related Disorders, LLC

Autism treatment and services provider specializing in applied behavior analysis therapy

WestHealth Care Services
Centric Brands Inc. (fka Differential Brands Group Inc.)

Designer, marketer and distributor of licensed and owned apparel

WestConsumer Durables & Apparel
ChargePoint, Inc.

Developer and operator of electric vehicle charging stations

WestConsumer Services
Chariot Acquisition, LLC

Manufacturer of aftermarket golf cart parts and accessories

SoutheastRetailing and Distribution
Cheyenne Petroleum Company Limited Partnership, CPC 2001 LLC and Mill Shoals LLC

Private oil exploration and production company

MidwestEnergy
CHG PPC Parent LLC

Diversified food products manufacturer

MidwestFood, Beverage & Tobacco
Cipriani USA, Inc.

Manager and operator of banquet facilities, restaurants, hotels and other leisure properties

Mid AtlanticConsumer Services

*Represents investments in first lien senior secured loans (including "unitranche" loans, which are loans that combine both senior and mezzanine debt, generally in a first lien position) and second lien senior secured loans.