(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, 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% of the total investment portfolio at fair value as of March 31, 2020.
Portfolio of Investments
| Company/Description | Region | Senior Secured Loan* | Senior Subordinated | Equity/Other | Industry |
|---|---|---|---|---|---|
| 1A Smart Start, LLC Provider of ignition interlock devices | Midwest | Consumer Services | |||
| 42 North Dental, LLC (fka Gentle Communications, LLC) Dental services provider | Northeast | Health Care Services | |||
| A.U.L. Corp. Provider of vehicle service contracts and limited warranties for passenger vehicles | West | Consumer Services | |||
| Absolute Dental Management LLC and ADM 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 | |||
| Acessa Health Inc. (fka HALT Medical, Inc.) Medical supply provider | West | Health Care Services | |||
| Achilles Acquisition LLC Benefits broker and outsourced workflow automation platform provider for brokers | Southeast | Insurance | |||
| 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 Service 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 | |||
| AI Aqua Merger Sub, Inc. End to end provider of water solutions to a wide range of customer bases | Midwest | Consumer Durables & Apparel | |||
| Aimbridge Acquisition Co., Inc. Hotel operator | Midwest | Consumer Services | |||
| Air Medical Group Holdings, Inc. and Air Medical Buyer Corp. Emergency air medical services provider | Midwest | Health Care 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 | |||
| 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. 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 | |||
| Anaqua Parent Holdings, Inc. & Astorg VII Co-Invest Anaqua Provider of IP management lifecycle software | Northeast | Software & Services | |||
| Apex Clean Energy Holdings, LLC Developer, builder and owner of utility-scale wind and solar power facilities | Mid Atlantic | Power Generation | |||
| 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 | Southeast | Insurance | |||
| 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 | |||
| Atlas Intermediate III, L.L.C. Specialty chemicals distributor | Mid Atlantic | Retailing & Distribution | |||
| 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 | |||
| 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 | |||
| 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 & 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 | |||
| BW Landco LLC Real estate developer | Mid Atlantic | Real Estate | |||
| Cadence Aerospace, LLC Aerospace precision components manufacturer | West | Capital Goods | |||
| CallMiner, Inc. Provider of cloud-based conversational analytics solutions | Northeast | Software & Services | |||
| Capstone Logistics Acquisition, Inc. Outsourced supply chain solutions provider to operators of distribution centers | Southeast | Commercial & Professional Services | |||
| Carlyle Global Market Strategies CLO 2015-3 Investment vehicle | International | Investment Funds and Vehicles | |||
| CB Trestles OpCo, LLC Apparel retailer | West | Consumer Durables & Apparel | |||
| 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 Inc. (fka Differential Brands Group Inc.) 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 & 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 |
*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.