Portfolio

Balanced Portfolio.
Defensive Industries.
Well Diversified.

ARCC Portfolio

As of December 31, 2022, Ares Capital Corporation’s (“Ares Capital” or “ARCC”) portfolio had a fair value of approximately $21.8 billion, and consisted of 466 portfolio companies backed by 222 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 December 31, 2022⁽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 December 31, 2022, 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 SDLP, which represented 5.7% of the total investment portfolio at fair value as of December 31, 2022.

(4) Includes ARCC's equity and subordinated loan investments in IHAM, which represented 10.1% of the total investment potfolio at fair value as of December 31, 2022.

Portfolio of Investments

Investments as of March 31, 2019 Investments as of December 31, 2022
Company/DescriptionRegionSenior Secured Loan*Senior SubordinatedEquity/OtherIndustry
Bamboo Purchaser, Inc.

Provider of nursery, garden, and greenhouse products

MidwestRetailing and Distribution
Banyan Software Holdings, LLC and Banyan Software, LP

Vertical software businesses holding company

SoutheastSoftware & Services
BCC Blueprint Holdings I, LLC and BCC Blueprint Investments, LLC

Provider of comprehensive suite of investment management and wealth planning solutions

MidwestDiversified Financials
Beacon Pointe Harmony, LLC

Provider of comprehensive wealth management services

WestDiversified Financials
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
Benefytt Technologies, Inc.

Health insurance sales platform provider

SoutheastInsurance Services
Berner Food & Beverage, LLC

Supplier of dairy-based food and beverage products

MidwestFood & Beverage
BH-Sharp Holdings LP

Provider of commercial knife sharpening and cutlery services in the restaurant industry

MidwestCommercial & Professional Services
Blue Wolf Capital Fund II, L.P.

Investment partnership

NortheastInvestment Funds and Vehicles
BlueHalo Financing Holdings, LLC, BlueHalo Global Holdings, LLC, and BlueHalo, LLC

Provides products and services to the Department of Defense and Intelligence Community

Mid AtlanticCapital Goods
Borrower R365 Holdings LLC

Provider of restaurant enterprise resource planning systems

WestSoftware & Services
Bottomline Technologies, Inc.

Provider of payment automation solutions

NortheastSoftware & 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
Burgess Point Purchaser Corporation

Remanufacturer of mission-critical and non-discretionary aftermarket vehicle, industrial, energy storage, and solar replacement parts

SoutheastCapital Goods
Businessolver.com, Inc.

Provider of SaaS-based benefits solutions for employers and employees

MidwestSoftware & Services
Cadence Aerospace, LLC

Aerospace precision components manufacturer

WestCapital Goods
CallMiner, Inc.

Provider of cloud-based conversational analytics solutions

NortheastSoftware & Services
Calyx Energy III, LLC

Oil and gas exploration company

MidwestEnergy
Capstone Acquisition Holdings, Inc. and Capstone Parent Holdings, LP

Outsourced supply chain solutions provider to operators of distribution centers

SoutheastCommercial & Professional Services
Captive Resources Midco, LLC

Provider of independent consulting services to member-owned group captives

MidwestInsurance 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
CDI Holdings III Corp. and CDI Holdings I Corp.

Provider of personal care appliances

NortheastHousehold & Personal Products
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
Chariot Buyer LLC

Provider of smart access solutions across residential and commercial properties

MidwestTechnology Hardware & Equipment
Cheyenne Petroleum Company Limited Partnership, CPC 2001 LLC and Mill Shoals LLC

Private oil exploration and production company

MidwestEnergy
CHG PPC Parent LLC & PPC CHG Blocker LLC

Diversified food products manufacturer

MidwestFood & 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 AtlanticConsumer Services
CMG HoldCo, LLC and CMG Buyer Holdings, Inc.

Provider of commercial HVAC equipment maintenance and repair services

Mid AtlanticConsumer Services
CMW Parent LLC (fka Black Arrow, Inc.)

Multiplatform media firm

Mid AtlanticMedia & 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 AtlanticPharmaceuticals, Biotechnology & Life Sciences
Color Intermediate, LLC

Provider of pre-payment integrity software solution

Mid AtlanticHealth Care Services
CoLTs 2005-1 Ltd.

Investment vehicle

InternationalInvestment Funds and Vehicles
Commercial Trailer Leasing, Inc.

Trailer leasing company

Mid AtlanticTransportation
Community Brands ParentCo, LLC

Software and payment services provider to non-profit institutions

SoutheastSoftware & Services
Compex Legal Services, Inc.

Provider of outsourced litgated and non-litigated medical records retrieval services

WestCommercial & Professional Services
Comprehensive EyeCare Partners, LLC

Vision care practice management company

WestHealth Care Services
Computer Services, Inc.

Infrastructure software provider to community banks

SoutheastSoftware & Services
Concert Golf Partners Holdco LLC

Golf club owner and operator

WestConsumer Services
Conservice Midco, LLC

Provider of outsourced utility management software and billing solutions

WestSoftware & Services
Consilio Midco Limited, Compusoft US LLC, and Consilio Investment Holdings, L.P.

Provider of sales software for the interior design industry

InternationalSoftware & Services
Continental Acquisition Holdings, Inc.

Distributor of aftermarket batteries to the electric utility vehicle, automotive, commercial, marine and industrial markets

MidwestAutomobiles & Components
Convera International Holdings Limited and Convera International Financial S.A R.L.

Provider of B2B international payment and FX risk management solutions

InternationalDiversified Financials
Convey Health Solutions, Inc.

Healthcare workforce management software provider

SoutheastHealth 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

WestSoftware & Services
Cority Software Inc., Cority Software (USA) Inc., and Cority Parent, Inc.

Provider of environmental, health and safety software to track compliance data

InternationalSoftware & Services
Cornerstone OnDemand, Inc. and Sunshine Software Holdings, Inc.

Provider of a cloud-based, SaaS platform for talent management

WestSoftware & Services
Covaris Intermediate 3, LLC & Covaris Parent, LLC

Provider of advanced pre-analytical sample preparation technologies for life and analytical science

NortheastPharmaceuticals, Biotechnology & Life Sciences
Coyote Buyer, LLC

Provider of specialty chemicals used in solid rocket motors for space launch and military missiles

WestMaterials
CPI International, Inc.

Global manufacturer of electronic components and subsystems focused primarily on communications and defense markets

WestTechnology Hardware & Equipment
CREST Exeter Street Solar 2004-1

Investment vehicle

InternationalInvestment Funds and Vehicles
CrossCountry Mortgage, LLC

Mortgage company originating loans in the retail and consumer direct channels

MidwestDiversified 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

WestHealth Care 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.