(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, 2022, the Senior Direct Lending Program, LLC (the "SDLP") had loans to 19 different borrowers. The portfolio companies in the SDLP are in industries similar to companies in ARCC's portfolio.
(3) Includes ARCC's equity and subordinated loan investments in IHAM
(4) Includes ARCC's investment in the SDLP, which represented 5.0% of the total investment portfolio at fair value as of March 31, 2022.
Portfolio of Investments
| Company/Description | Region | Senior Secured Loan* | Senior Subordinated | Equity/Other | Industry |
|---|---|---|---|---|---|
| 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 | |||
| CDI Holdings III Corp. and CDI Holdings I Corp. Provider of personal care appliances | Northeast | Household & Personal Products | |||
| 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 GP LLC Designer, marketer and distributor of licensed and owned apparel | West | Consumer Durables & Apparel | |||
| Chariot Buyer LLC Provider of smart access solutions across residential and commercial properties | Midwest | Technology Hardware & Equipment | |||
| Cheyenne Petroleum Company Limited Partnership, CPC 2001 LLC and Mill Shoals LLC Private oil exploration and production company | Midwest | Energy | |||
| CHG PPC Parent LLC & PPC CHG Blocker LLC Diversified food products manufacturer | Midwest | Food & Beverage | |||
| 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 | |||
| CMW Parent LLC (fka Black Arrow, Inc.) Multiplatform media firm | Mid Atlantic | Media & Entertainment | |||
| Cobalt Buyer Sub, Inc., Cobalt Holdings I, LP, and Cobalt Intermediate I, Inc. Provider of biological products to life science and pharmaceutical companies | Mid Atlantic | Pharmaceuticals, Biotechnology & Life Sciences | |||
| CoLTs 2005-1 Ltd. Investment vehicle | International | Investment Funds and Vehicles | |||
| Commercial Trailer Leasing, Inc. Trailer leasing company | Mid Atlantic | Transportation | |||
| Community Brands ParentCo, LLC Software and payment services provider to non-profit institutions | Southeast | Software & Services | |||
| Comprehensive EyeCare Partners, LLC Vision care practice management company | West | Health Care Services | |||
| Concert Golf Partners Holdco LLC Golf club owner and operator | West | Consumer Services | |||
| Consilio Midco Limited and Consilio Investment Holdings, L.P. Provider of sales software for the interior design industry | International | Software & Services | |||
| Continental Acquisition Holdings, Inc. Distributor of aftermarket batteries to the electric utility vehicle, automotive, commercial, marine and industrial markets | Midwest | Automobiles & Components | |||
| Convera International Holdings Limited and Convera International Financial S.A R.L. Provider of B2B international payment and FX risk management solutions | West | Diversified Financials | |||
| Convey Health Solutions, Inc. Healthcare workforce management software provider | Southeast | Health Care Services | |||
| CoreLogic, Inc. and T-VIII Celestial Co-Invest LP Provider of information, insight, analytics, software and other outsourced services primarily to the mortgage, real estate and insurance sectors | West | Software & Services | |||
| Cority Software Inc., IQS, Inc. and Cority Parent, Inc. Provider of environmental, health and safety software to track compliance data | International | Software & Services | |||
| Cornerstone OnDemand, Inc. and Sunshine Software Holdings, Inc. Provider of a cloud-based, SaaS platform for talent management | West | Software & Services | |||
| Covaris Intermediate 3, LLC & Covaris Parent, LLC Provider of advanced pre-analytical sample preparation technologies for life and analytical science | Northeast | Pharmaceuticals, Biotechnology & Life Sciences | |||
| Cozzini Bros., Inc. and BH-Sharp Holdings LP Provider of commercial knife sharpening and cutlery services in the restaurant industry | Midwest | Commercial & Professional Services | |||
| CREST Exeter Street Solar 2004-1 Investment vehicle | International | Investment Funds and Vehicles | |||
| CrossCountry Mortgage, LLC Mortgage company originating loans in the retail and consumer direct channels | Midwest | Diversified Financials | |||
| Crown CT Parent Inc., Crown CT HoldCo Inc. and Crown CT Management LLC Provider of medical devices and services for the treatment of positional plagiocephaly | West | Health Care Services | |||
| CST Buyer Company (d/b/a Intoxalock) Provider of ignition interlock devices | Midwest | Consumer Services | |||
| CVP Holdco, Inc. and OMERS Wildcats Investment Holdings LLC Veterinary hospital operator | Mid Atlantic | Health Care Services | |||
| Datix Bidco Limited Global healthcare software company that provides software solutions for patient safety and risk management | International | Software & Services | |||
| DCert Preferred Holdings, Inc. and Destiny Digital Holdings, L.P. Provider of internet security tools and solutions | West | Software & Services | |||
| DecoPac, Inc. and KCAKE Holdings Inc. Supplier of cake decorating solutions and products to in-store bakeries | Midwest | Food & Staples Retailing | |||
| Denali Holdco LLC and Denali Apexco LP Provider of cybersecurity audit and assessment services | Southeast | Software & Services | |||
| DFC Global Facility Borrower III LLC Non-bank provider of alternative financial services | Mid Atlantic | Diversified Financials | |||
| DFS Holding Company, Inc. Distributor of maintenance, repair, and operations parts, supplies, and equipment to the foodservice industry | Midwest | Capital Goods | |||
| Diligent Corporation and Diligent Preferred Issuer, Inc. Provider of secure SaaS solutions for board and leadership team documents | Mid Atlantic | Software & Services | |||
| Display Holding Company, Inc., Saldon Holdings, Inc. and Fastsigns Holdings Inc. Provider of visual communications solutions | Midwest | Retailing and Distribution | |||
| Drilling Info Holdings, Inc. and Titan DI Preferred Holdings, Inc. SaaS based business analytics company focused on oil and gas industry | Midwest | Software & Services | |||
| DRS Holdings III, Inc. and DRS Holdings I, Inc. Footwear and orthopedic foot-care brand | Southeast | Consumer Durables & Apparel | |||
| DS Admiral Bidco, LLC Tax return software provider for government institutions | Southeast | Software & Services | |||
| DTI Holdco, Inc. and OPE DTI Holdings, Inc. Provider of legal process outsourcing and managed services | Southeast | Commercial & Professional Services | |||
| Dye & Durham Corporation Provider of cloud-based software and technology solutions for the legal industry | International | Software & Services | |||
| Dynamic NC Aerospace Holdings, LLC and Dynamic NC Investment Holdings, LP Provider of aerospace technology and equipment | Midwest | Capital Goods | |||
| eCapital Finance Corp. Consolidator of commercial finance businesses | Southeast | Diversified Financials | |||
| Eckler Industries, Inc. and Eckler Purchaser LLC Restoration parts and accessories provider for classic automobiles | Southeast | Automobiles & Components | |||
| Elemica Parent, Inc. & EZ Elemica Holdings, Inc. SaaS based supply chain management software provider focused on chemical markets | Mid Atlantic | Software & Services | |||
| Elevation Services Parent Holdings, LLC Elevator service platform | Mid Atlantic | Commercial & Professional Services | |||
| Emergency Communications Network, LLC Provider of mission critical emergency mass notification solutions | Southeast | Telecommunication Services | |||
| EP Purchaser, LLC and TPG VIII EP Co-Invest II, L.P. Provider of entertainment workforce and production management solutions | West | Software & Services | |||
| EP Wealth Advisors, LLC Wealth management and financial planning firm | West | Diversified Financials | |||
| EpiServer Inc. and Episerver Sweden Holdings AB Provider of web content management and digital commerce solutions | Northeast | Software & Services | |||
| EPS NASS Parent, Inc. Provider of maintenance and engineering services for electrical infrastructure | Midwest | Capital Goods | |||
| eResearch Technology, Inc. and Astorg VII Co-Invest ERT Provider of mission-critical, software-enabled clinical research solutions | International | Software & Services | |||
| ESCP PPG Holdings, LLC Distributor of new equipment and aftermarket parts to the heavy-duty truck industry | Mid Atlantic | Capital Goods |
*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.