Portfolio

Balanced Portfolio.
Defensive Industries.
Well Diversified.

ARCC Portfolio

As of June 30, 2021, Ares Capital Corporation’s (“Ares Capital” or “ARCC”) portfolio had a fair value of approximately $17.1 billion, and consisted of 365 portfolio companies backed by 180 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 June 30, 2021⁽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 June 30, 2021, the Senior Direct Lending Program, LLC (the "SDLP") had loans to 17 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 5.6% of the total investment portfolio at fair value as of June 30, 2021.

Portfolio of Investments

Investments as of March 31, 2019 Investments as of June 30, 2021
Company/DescriptionRegionSenior Secured Loan*Senior SubordinatedEquity/OtherIndustry
2U, Inc.

Provider of course design and learning management system to educational institutions

Mid AtlanticSoftware & Services
A.U.L. Corp.

Provider of vehicle service contracts and limited warranties for passenger vehicles

WestConsumer Services
AB Issuer LLC

Provider of professional at home services, residential cleaning and elderly residential care services

Mid AtlanticConsumer Services
Absolute Dental Group LLC and Absolute Dental Equity, LLC

Dental services provider

WestHealth Care Services
Abzena Holdings, Inc. and Astro Group Holdings Ltd.

Organization providing discovery, development and manufacturing services to the pharmaceutical and biotechnology industries

WestPharmaceuticals, Biotechnology & Life Sciences
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
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
AI Aqua Merger Sub, Inc.

End to end provider of water solutions to a wide range of customer bases

MidwestConsumer Durables & Apparel
Aimbridge Acquisition Co., Inc.

Hotel operator

MidwestConsumer 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 Services
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. and Aragorn Parent Holdings LP

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

Provider of intellectual property management lifecycle software

NortheastSoftware & Services
APG Intermediate Holdings Corporation and APG Holdings, LLC

Aircraft performance software provider

WestSoftware & Services
Appriss Health, LLC and Appriss Health Intermediate Holdings, Inc.

Software platform for identification, prevention and management of substance use disorder

SoutheastSoftware & Services
Apptio, Inc.

Provider of cloud-based technology business management solutions

WestSoftware & Services
AQ Sunshine, Inc.

Specialized insurance broker

WestInsurance Services
Ardonagh Midco 2 plc and Ardonagh Midco 3 plc

Insurance broker and underwriting servicer

InternationalInsurance Services
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
Automotive Keys Group, LLC and Automotive Keys Investor, LLC

Provider of replacement wireless keys for automotive market

MidwestAutomobiles & Components
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
Banyan Software Holdings, LLC

Vertical software businesses holding company

SoutheastSoftware & Services
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
Benecon Midco II LLC and Locutus Holdco LLC

Employee benefits provider for small and mid-size employers

Mid AtlanticInsurance Services
Birch Permian, LLC

Operator of private exploration oil and production company

MidwestEnergy
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
Borrower R365 Holdings LLC

Provider of restaurant ERP systems

WestSoftware & Services
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
Cadence Aerospace, LLC

Aerospace precision components manufacturer

WestCapital Goods
CallMiner, Inc.

Provider of cloud-based conversational analytics solutions

NortheastSoftware & Services
Capstone Acquisition Holdings, Inc. and Capstone Parent Holdings, LP

Outsourced supply chain solutions provider to operators of distribution centers

SoutheastCommercial & Professional Services
Cardinal Parent, Inc. and Packers Software Intermediate Holdings, Inc.

Provider of software and technology-enabled content and analytical solutions to insurance brokers

MidwestSoftware & Services
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 LLC and Centric Brands GP LLC

Designer, marketer and distributor of licensed and owned apparel

WestConsumer Durables & Apparel
ChargePoint Holdings, Inc.

Developer and operator of electric vehicle charging stations

WestConsumer Services
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. and Cipriani Group Holding S.A.R.L.

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

Mid AtlanticConsumer Services
Clearwater Analytics, LLC

Provider of integrated cloud-based investment portfolio management, accounting, reporting and analytics software

WestSoftware & Services

*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.