Portfolio

Balanced Portfolio.
Defensive Industries.
Well Diversified.

ARCC Portfolio

As of March 31, 2022, Ares Capital Corporation’s (“Ares Capital” or “ARCC”) portfolio had a fair value of approximately $19.5 billion, and consisted of 395 portfolio companies backed by 201 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 March 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 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

Investments as of March 31, 2019 Investments as of March 31, 2022
Company/DescriptionRegionSenior Secured Loan*Senior SubordinatedEquity/OtherIndustry
Jenny C Acquisition, Inc.

Health club franchisor

WestConsumer Services
Jim N Nicks Management, LLC

Restaurant owner and operator

SoutheastConsumer Services
Johnnie-O Inc. and Johnnie-O Holdings Inc.

Apparel retailer

WestConsumer Durables & Apparel
Joyce Lane Capital LLC and Joyce Lane Financing SPV LLC (fka Ciena Capital LLC)

Specialty finance company

Mid AtlanticDiversified Financials
JWC/KI Holdings, LLC

Foodservice sales and marketing agency

Mid AtlanticFood & Staples Retailing
K2 Insurance Services, LLC and K2 Holdco LP

Specialty insurance and managing general agency

WestInsurance Services
KBHS Acquisition, LLC (d/b/a Alita Care, LLC)

Provider of behavioral health services

Mid AtlanticHealth Care Services
KC Culinarte Intermediate, LLC

Manufacturer of fresh refrigerated and frozen food products

NortheastFood & Beverage
Kellermeyer Bergensons Services, LLC

Provider of janitorial and facilities management services

WestCommercial & Professional Services
Kene Acquisition, Inc. and Kene Holdings, L.P.

National utility services firm providing engineering and consulting services to natural gas, electric power and other energy and industrial end markets

MidwestCapital Goods
KeyStone Sub-debt HoldCo, LLC

Planet Fitness franchisee

Mid AtlanticConsumer Services
KPS Global LLC and Cool Group LLC

Manufacturer of walk-in cooler and freezer systems

MidwestCommercial & Professional Services
Laboratories Bidco LLC and Laboratories Topco LLC

Lab testing services for nicotine containing products

Mid AtlanticCommercial & Professional Services
Lakers Buyer, Inc. and Lakers Parent LLC

Provider of fire safety and life safety services

WestCommercial & Professional Services
Len the Plumber, LLC, LTP Neffsville, LLC, LTP of NJ, LLC, LTP LSI, LLC, LTP RB, LLC and Precision Air of Georgia, LLC

Provider of plumbing services

NortheastConsumer Services
Lew's Intermediate Holdings, LLC

Outdoor brand holding company

MidwestConsumer Durables & Apparel
Lido Advisors, LLC

Wealth management and financial planning firm

WestDiversified Financials
Lower ACS, Inc.

Provider of commercial HVAC equipment and services

NortheastCapital Goods
LS DE LLC and LM LSQ Investors LLC

Asset based lender

SoutheastDiversified Financials
LSP Holdco, LLC and ZBS Mechanical Group Co-Invest Fund 2, LLC

Provider of residential HVAC and plumbing services

Mid AtlanticConsumer Services
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
Marcone Yellowstone Buyer Inc. and Marcone Yellowstone Holdings, LLC

Distributor of OEM appliance aftermarket parts

MidwestRetailing and Distribution
Marmic Purchaser, LLC and Marmic Topco, L.P.

Provider of recurring fire protection services

MidwestCommercial & Professional Services
Maverick Acquisition, Inc.

Manufacturer of precision machined components for defense and high-tech industrial platforms

MidwestCapital Goods
Mavis Tire Express Services Topco Corp., Metis Holdco, Inc. and Metis Topco, LP

Auto parts retailer

Mid AtlanticAutomobiles & Components
MB Aerospace Holdings II Corp.

Aerospace engine components manufacturer

NortheastCapital Goods
McKenzie Creative Brands, LLC

Designer, manufacturer and distributor of hunting-related supplies

SoutheastRetailing and Distribution
McLaren Group Limited

Automobile manufacturer and retailer

InternationalAutomobiles & Components
ME Equity LLC

Franchisor in the massage industry

WestConsumer Services
Medline Borrower, LP

Manufacturer and distributor of medical supplies

MidwestHealth Care Services
Miami Beckham United LLC

American professional soccer club

SoutheastMedia & Entertainment
Micromeritics Instrument Corp.

Scientific instrument manufacturer

SoutheastTechnology Hardware & Equipment
Microstar Logistics LLC, Microstar Global Asset Management LLC, MStar Holding Corporation and Kegstar USA Inc.

Keg management solutions provider

WestCommercial & Professional Services
Ministry Brands Holdings, LLC and RCP MB Investments B, L.P.

Software and payment services provider to faith-based institutions

SoutheastSoftware & Services
Mitchell International, Inc.

Provider of technology, connectivity, and information solutions to the property and casualty insurance industry

WestSoftware & Services
MMIT Holdings, LLC

Provider of market intelligence and analysis for the pharmaceutical industry

NortheastSoftware & Services
Monica Holdco (US) Inc.

Investment technology and advisory firm

WestDiversified Financials
Moon Valley Nursery of Arizona Retail, LLC, Moon Valley Nursery Farm Holdings, LLC, Moon Valley Nursery RE Holdings LLC, and Stonecourt IV Partners, LP

Operator of retail and wholesale tree and plant nurseries

WestRetailing and Distribution
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 College of Business and Technology Company, Inc. & Leeds IV Advisors, Inc.

Private school operator

InternationalEducation
National Intergovernmental Purchasing Alliance Company

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

SoutheastCommercial & Professional Services
NBC Funding LLC

National retailer of baked goods

WestFood & Staples Retailing
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
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
Nest Topco Borrower Inc., KKR Nest Co-Invest L.P., and NBLY 2021-1

Operator of multiple franchise concepts primarily related to home maintenance or repairs

MidwestCommercial & Professional Services
New Era Cap, LLC

Sports apparel manufacturing company

Mid AtlanticConsumer Durables & Apparel
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

*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.