(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 |
|---|---|---|---|---|---|
| Cipriani USA, Inc. Manager and operator of banquet facilities, restaurants, hotels and other leisure properties | Mid Atlantic | Consumer Services | |||
| Clearwater Analytics, LLC Provider of integrated cloud-based investment portfolio management, accounting, reporting and analytics software | West | Software & Services | |||
| CMW Parent LLC (fka Black Arrow, Inc.) Multiplatform media firm | Mid Atlantic | Media & Entertainment | |||
| CoLTs 2005-1 Ltd. Investment vehicle | International | Investment Funds and Vehicles | |||
| CoLTs 2005-2 Ltd. Investment vehicle | International | Investment Funds and Vehicles | |||
| Command Alkon Incorporated Software solutions provider to the ready-mix concrete industry | Southeast | Software & Services | |||
| Commercial Credit Group, Inc. Commercial equipment finance and leasing company | Southeast | Diversified Financials | |||
| Comprehensive EyeCare Partners, LLC Vision care practice management company | Midwest | Health Care Services | |||
| Compuware Software Group LLC Web and mobile cloud performance testing and monitoring services provider | Midwest | Software & Services | |||
| Concert Golf Partners Holdco LLC Golf club owner and operator | West | Consumer Services | |||
| Consumer Health Parent LLC Developer and marketer of over-the-counter cold remedy products | Mid Atlantic | Pharmaceuticals, Biotechnology & Life Sciences | |||
| Convey Health Solutions, Inc. Workforce management solutions provider | Southeast | Health Care Services | |||
| Cority Software Inc., IQS, Inc. and Project Falcon Parent, Inc. Provider of environmental, health and safety software to track compliance data | International | Software & Services | |||
| Cozzini Bros., Inc. and BH-Sharp Holdings LP Provider of commercial knife sharpening and cutlery services in the restaurant industry | Midwest | Commercial & Professional Services | |||
| CPV Maryland Holding Company II, LLC Gas turbine power generation facilities operator | Mid Atlantic | Power Generation | |||
| Creation Holdings Inc. Manufacturer of electrical systems | International | Capital Goods | |||
| CREST Exeter Street Solar 2004-1 Investment vehicle | International | Investment Funds and Vehicles | |||
| Crown Health Care Laundry Services, LLC and Crown Laundry Holdings, LLC Provider of outsourced healthcare linen management solutions | Southeast | Commercial & Professional Services | |||
| CST Buyer Company (d/b/a Intoxalock) Provider of ignition interlock devices | Midwest | Consumer Services | |||
| CVP Holdco, Inc. and OMERS Wildcats Holdings Inc. Veterinary hospital operator | Mid Atlantic | Health Care Services | |||
| D4C Dental Brands HoldCo, Inc. and Bambino Group Holdings, LLC Dental services provider | Southeast | Health Care Services | |||
| Datix Bidco Limited Global healthcare software company that provides software solutions for patient safety and risk management | International | Software & Services | |||
| DCA Investment Holding, LLC Multi-branded dental practice management | Southeast | Health Care Services | |||
| DecoPac, Inc. Supplier of cake decorating solutions and products to in-store bakeries | Midwest | Food & Staples Retailing | |||
| 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 | |||
| DGH Borrower LLC Developer, owner and operator of quick start, small-scale natural gas-fired power generation projects | Mid Atlantic | Power Generation | |||
| Directworks, Inc. and Co-Exprise Holdings, Inc. Provider of cloud-based software solutions for direct materials sourcing and supplier management for manufacturers | Mid Atlantic | Software & Services | |||
| Display Holding Company, Inc., Saldon Holdings, Inc. and Fastsigns Holdings Inc. Provider of visual communications solutions | Midwest | Retailing & Distribution | |||
| Dorner Holding Corp. Manufacturer of precision unit conveyors | Midwest | Capital Goods | |||
| Doxim Inc. Enterprise content management provider | International | Software & Services | |||
| DRB Holdings, LLC Provider of integrated technology solutions to car wash operators | Midwest | Technology Hardware & Equipment | |||
| 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 | |||
| DTI Holdco, Inc. and OPE DTI Holdings, Inc. Provider of legal process outsourcing and managed services | Southeast | Commercial & Professional Services | |||
| Dynatrace, Inc. Web and mobile cloud performance testing and monitoring services provider | Northeast | Software & Services | |||
| Eckler Industries, Inc. and Eckler Purchaser LLC Restoration parts and accessories provider for classic automobiles | Southeast | Automobiles & Components | |||
| Edward Don & Company, LLC and VCP-EDC Co-Invest, LLC Distributor of foodservice equipment and supplies | Midwest | Food & Staples Retailing | |||
| Emergency Communications Network, LLC Provider of mission critical emergency mass notification solutions | Southeast | Telecommunication Services | |||
| Emerus Holdings, Inc. Freestanding 24-hour emergency care micro-hospitals operator | Southeast | Health Care Services | |||
| EP Purchaser, LLC., Entertainment Partners Canada ULC and TPG VIII EP Co-Invest II, L.P. Provider of entertainment workforce and production management solutions | West | Software & Services | |||
| Episerver Inc. and Goldcup 17308 AB Provider of web content management and digital commerce solutions | Northeast | Software & Services | |||
| eResearch Technology, Inc. and Astorg VII Co-Invest ERT Provider of mission-critical, software-enabled clinical research solutions | Mid Atlantic | Software & Services | |||
| ESCP PPG Holdings, LLC Distributor of new equipment and aftermarket parts to the heavy-duty truck industry | Mid Atlantic | Capital Goods | |||
| European Capital UK SME Debt LP Investment partnership | International | Investment Funds and Vehicles | |||
| Everspin Technologies, Inc. Designer and manufacturer of computer memory solutions | West | Technology Hardware & Equipment | |||
| Evolent Health LLC and Evolent Health, Inc. Medical technology company focused on value based care services and payment solutions | Southeast | Health Care Services | |||
| Excelligence Holdings Corp. Developer, manufacturer and retailer of educational products | West | Education | |||
| EZ Elemica Holdings, Inc. & Elemica Parent, Inc SaaS based supply chain management software provider focused on chemical markets | Northeast | Software & Services | |||
| FAMS Holdings, Inc. Debt collection services provider | Mid Atlantic | Diversified Financials | |||
| Feradyne Outdoors, LLC and Bowhunter Holdings, LLC Provider of branded archery and bowhunting accessories | Southeast | Consumer Durables & Apparel | |||
| Ferraro Fine Foods Corp. and Italian Fine Foods Holdings L.P. Specialty Italian food distributor | Mid Atlantic | Food, Beverage & Tobacco | |||
| Financial Asset Management Systems, Inc. and FAMS Holdings, Inc. Debt collection services provider | Mid Atlantic | Diversified Financials | |||
| First Insight, Inc. Software company providing merchandising and pricing solutions to companies worldwide | Mid Atlantic | Software & Services | |||
| Flinn Scientific, Inc. and WCI-Quantum Holdings, Inc. Distributor of instructional products, services and resources | Midwest | Education | |||
| Flow Control Solutions, Inc. Distributor and manufacturer of flow control systems components | Mid Atlantic | Capital Goods |
*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.