Portfolio

Balanced Portfolio.
Defensive Industries.
Well Diversified.

ARCC Portfolio

As of December 31, 2020, Ares Capital Corporation’s (“Ares Capital” or “ARCC”) portfolio had a fair value of approximately $15.5 billion, and consisted of 350 portfolio companies backed by 172 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, 2020⁽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, 2020, the Senior Direct Lending Program, LLC (the "SDLP") had loans to 23 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 7.2% of the total investment portfolio at fair value as of December 31, 2020.

Portfolio of Investments

Investments as of March 31, 2019 Investments as of December 31, 2020
Company/DescriptionRegionSenior Secured Loan*Senior SubordinatedEquity/OtherIndustry
LivaNova USA Inc.

Medical device company focused on treating cardiovascular and neurological diseases

MidwestHealth Care Services
LS DE LLC and LM LSQ Investors LLC

Asset based lender

SoutheastDiversified Financials
LTG Acquisition, Inc.

Designer and manufacturer of display, lighting and passenger communication systems for mass transportation markets

MidwestCapital Goods
Mac Lean-Fogg Company and MacLean-Fogg Holdings, L.L.C.

Manufacturer and supplier for the power utility and automotive markets worldwide

MidwestAutomobiles & Components
Majesco and Magic Topco, L.P.

Insurance software provider

Mid AtlanticSoftware & Services
Manna Pro Products, LLC

Manufacturer and supplier of specialty nutrition and care products for animals

MidwestFood, Beverage & Tobacco
Masergy Holdings, Inc.

Provider of software-defined solutions for enterprise global networks, cyber security, and cloud communications

MidwestSoftware & Services
Mavis Tire Express Services Corp. and Mavis Tire Express Services TopCo, L.P.

Auto parts retailer

Mid AtlanticAutomobiles & Components
MB Aerospace Holdings II Corp.

Aerospace engine components manufacturer

NortheastCapital Goods
MB2 Dental Solutions, LLC

Dental services provider

MidwestHealth Care Services
MCH Holdings, Inc. and MC Acquisition Holdings I, LLC

Healthcare professional provider

MidwestHealth Care Services
McKenzie Creative Brands, LLC

Designer, manufacturer and distributor of hunting-related supplies

SoutheastRetailing and Distribution
ME Equity LLC

Franchisor in the massage industry

WestConsumer Services
Micromeritics Instrument Corp.

Scientific instrument manufacturer

SoutheastTechnology Hardware & Equipment
Microstar Logistics LLC, Microstar Global Asset Management LLC, and MStar Holding Corporation

Keg management solutions provider

WestCommercial & Professional Services
Minerva Surgical, Inc.

Medical device company focused on women's health

WestHealth Care Services
Ministry Brands, LLC and MB Parent HoldCo, L.P. (dba Community Brands)

Software and payment services provider to faith-based institutions

SoutheastSoftware & Services
Movati Athletic (Group) Inc.

Premier health club operator

InternationalConsumer Services
MRI Software LLC

Provider of real estate and investment management software

MidwestSoftware & Services
Murchison Oil and Gas, LLC and Murchison Holdings, LLC

Exploration and production company

MidwestEnergy
n2y Holding, LLC

Developer of cloud-based special education platform

MidwestSoftware & Services
Napa Management Services Corporation and ASP NAPA Holdings, LLC

Anesthesia management services provider

Mid AtlanticHealth Care Services
NAS, LLC and Nationwide Marketing Group, LLC

Buying and marketing services organization for appliance, furniture and consumer electronics dealers

SoutheastCommercial & Professional Services
National Intergovernmental Purchasing Alliance Company

Leading group purchasing organization (“GPO”) for public agencies and educational institutions in the U.S

SoutheastCommercial & Professional Services
Navisun LLC and Navisun Holdings LLC

Owner and operater of commercial and industrial solar projects

Mid AtlanticPower Generation
NCWS Intermediate, Inc. and NCWS Holdings LP

Manufacturer and supplier of car wash equipment, parts and supplies to the conveyorized car wash market

MidwestCapital Goods
NECCO Holdings, Inc. and New England Confectionery Company, Inc.

Producer and supplier of candy

NortheastFood, Beverage & Tobacco
NECCO Realty Investments LLC

Real estate holding company

NortheastReal Estate
Nelipak Holding Company, Nelipak European Holdings Cooperatief U.A., KNPAK Holdings, LP and PAKNK Netherlands Treasury B.V.

Manufacturer of thermoformed packaging for medical devices

NortheastMaterials
NM GRC Holdco, LLC

Regulatory compliance services provider to financial institutions

NortheastCommercial & Professional Services
NMC Skincare Intermediate Holdings II, LLC

Developer, manufacturer and marketer of skincare products

Mid AtlanticPharmaceuticals, Biotechnology & Life Sciences
NMN Holdings III Corp. and NMN Holdings LP

Provider of complex rehabilitation technology solutions for patients with mobility loss

SoutheastHealth Care Services
Nordco Inc.

Manufacturer of railroad maintenance-of-way machinery

MidwestTransportation
North American Science Associates, Inc. and Cardinal Topco Holdings, L.P.

Contract research organization providing research and development and testing of medical devices

MidwestPharmaceuticals, Biotechnology & Life Sciences
Novetta Solutions, LLC

Provider of advanced analytics solutions for the government, defense and commercial industries

Mid AtlanticSoftware & Services
Novipax Buyer, L.L.C. and Novipax Parent Holding Company, L.L.C.

Developer and manufacturer of absorbent pads for food products

MidwestMaterials
NSM Insurance Group, LLC

Insurance program administrator

Mid AtlanticInsurance
nThrive, Inc. (fka Precyse Acquisition Corp.)

Provider of healthcare information management technology and services

SoutheastSoftware & Services
NueHealth Performance, LLC

Developer, builder and manager of specialty surgical hospitals and ambulatory surgery centers

MidwestHealth Care Services
Olympia Acquisition, Inc. and Olympia TopCo, L.P.

Behavioral health and special education platform provider

Mid AtlanticHealth Care Services
OMH-HealthEdge Holdings, LLC

Provider of financial, administrative and clinical software platforms to the healthcare industry

SoutheastHealth Care Services
OneDigital Holdings, Achilles Holdco

Benefits broker and outsourced workflow automation platform provider for brokers

SoutheastInsurance
OneSmile Intermediate, LLC

Dental services provider

WestHealth Care Services
OSYS Holdings, LLC

Provider of technology-enabled solutions to pharmacies

MidwestHealth Care Services
OTG Management, LLC

Airport restaurant operator

Mid AtlanticConsumer Services
OUTFRONT Media Inc.

Provider of out-of-home advertising

Mid AtlanticMedia & Entertainment
Panda Temple Power, LLC and T1 Power Holdings LLC

Gas turbine power generation facilities operator

MidwestPower Generation
Partnership Capital Growth Investors III, L.P.

Investment partnership

WestInvestment Funds and Vehicles
Pathway Vet Alliance LLC and Jedi Group Holdings LLC

Veterinary hospital operator

MidwestHealth Care Services
PayNearMe, Inc.

Electronic cash payment system provider

WestSoftware & Services
PaySimple, Inc.

Provider of business management solutions

WestSoftware & Services
PCG-Ares Sidecar Investment II, L.P.

Investment partnership

WestInvestment Funds and Vehicles
PCG-Ares Sidecar Investment, L.P.

Investment partnership

WestInvestment Funds and Vehicles
PDI TA Holdings, Inc., Peachtree Parent, Inc. and Insight PDI Holdings, LLC

Provider of enterprise management software for the convenience retail and petroleum wholesale market

MidwestSoftware & Services
Pegasus Global Enterprise Holdings, LLC, Mekone Blocker Acquisition, Inc. and Mekone Parent, LLC

Provider of plant maintenance and scheduling software

SoutheastSoftware & Services
Pelican Products, Inc.

Flashlights manufacturer

WestConsumer Durables & Apparel

*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.