Portfolio

Balanced Portfolio.
Defensive Industries.
Well Diversified.

ARCC Portfolio

As of March 31, 2023, Ares Capital Corporation’s (“Ares Capital” or “ARCC”) portfolio had a fair value of approximately $21.1 billion, and consisted of 466 portfolio companies backed by 218 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, 2023⁽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, 2023, 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 5.98% of the total investment portfolio at fair value as of March 31, 2023.

(4) Includes ARCC's equity and subordinated loan investments in IHAM, which represented 11% of the total investment potfolio at fair value as of March 31, 2023.

Portfolio of Investments

Investments as of March 31, 2019 Investments as of December 31, 2022
Company/DescriptionRegionSenior Secured Loan*Senior SubordinatedEquity/OtherIndustry
GF Parent LLC

Producer of low-acid, aseptic food and beverage products

MidwestFood & Beverage
GHX Ultimate Parent Corporation, Commerce Parent, Inc. and Commerce Topco, LLC

On-demand supply chain automation solutions provider to the healthcare industry

WestHealth Care Services
GI Ranger Intermediate LLC

Provider of payment processing services and software to healthcare providers

Mid AtlanticSoftware & Services
Global Medical Response, Inc. and GMR Buyer Corp.

Emergency air medical services provider

MidwestHealth Care Services
Global Music Rights, LLC

Music right management company

WestMedia & Entertainment
GNZ Energy Bidco Limited and Galileo Co-investment Trust I

Independent fuel provider in New Zealand

InternationalEnergy
Gotham Greens Holdings, PBC

Producer of vegetables and culinary herbs for restaurants and retailers

Mid AtlanticFood & Beverage
GPM Investments, LLC and ARKO Corp.

Convenience store operator

Mid AtlanticRetailing and Distribution
GraphPAD Software, LLC, Insightful Science Intermediate I, LLC and Insightful Science Holdings, LLC

Provider of data analysis, statistics, and visualization software solutions for scientific research applications

WestSoftware & Services
Green Street Parent, LLC and Green Street Intermediate Holdings, LLC

Provider of REIT research data and analytics

WestDiversified Financials
GSV PracticeTek Holdings, LLC

Software provider for medical practitioners

MidwestSoftware & Services
H-Food Holdings, LLC and Matterhorn Parent, LLC

Food contract manufacturer

MidwestMaterials
HAI Acquisition Corporation and Aloha Topco, LLC

Professional employer organization offering human resources, compliance and risk management services

WestCommercial & Professional Services
Halcon Holdings, LLC

Operator of development, exploration, and production oil company

MidwestEnergy
Halex Holdings, Inc.

Manufacturer of flooring installation products

WestMaterials
Hanger, Inc.

Provider of orthotic and prosthetic equipment and services

MidwestHealth Care Services
Harvey Tool Company, LLC

Manufacturer of cutting tools used in the metalworking industry

NortheastCapital Goods
HCI Equity, LLC

Investment company

InternationalInvestment Funds and Vehicles
HealthEdge Software, Inc.

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

NortheastHealth Care Services
Heavy Construction Systems Specialists, LLC

Provider of construction software

MidwestSoftware & Services
Heelstone Renewable Energy, LLC and Heelstone Renewable Energy Investors, LLC

Developer of utility scale solar systems

SoutheastPower Generation
Help/Systems Holdings, Inc.

Provider of IT operations management and cybersecurity software

MidwestSoftware & Services
HGC Holdings, LLC

Operator of golf facilities

Mid AtlanticConsumer Services
HH-Stella, Inc. and Bedrock Parent Holdings, LP

Provider of municipal solid waste transfer management services

MidwestCommercial & Professional Services
High Street Buyer, Inc. and High Street Holdco LLC

Insurance brokerage platform

MidwestInsurance Services
Highline Aftermarket Acquisition, LLC, Highline Aftermarket SC Acquisition, Inc. and Highline PPC Blocker LLC

Manufacturer and distributor of automotive fluids

SoutheastAutomobiles & Components
HighTower Holding, LLC

Provider of investment, financial and retirement planning services

MidwestDiversified Financials
Hometown Food Company

Food distributor

MidwestFood & Beverage
Honor Technology, Inc.

Nursing and home care provider

WestHealth Care Services
Huskies Parent, Inc., GI Insurity Parent LLC and GI Insurity TopCo LP

Insurance software provider

NortheastSoftware & Services
Idera, Inc.

Provider of data, & IT infrastructure management solutions

MidwestSoftware & Services
IfByPhone Inc.

Voice-based marketing automation software provider

MidwestSoftware & Services
Imaging Business Machines, L.L.C. and Scanner Holdings Corporation

Provider of high-speed intelligent document scanning hardware and software

SoutheastCapital Goods
Imperva, Inc.

Provider of cyber security solutions protecting databases and applications

WestSoftware & Services
Implus Footcare, LLC

Provider of footwear and other accessories

SoutheastConsumer Durables & Apparel
Imprivata, Inc.

Provider of identity and access management solutions to the healthcare industry

NortheastSoftware & Services
Infinity Home Services HoldCo, Inc. and IHS Parent Holdings, L.P.

Provider of residential roofing and exterior repair and replacement services

MidwestConsumer Services
Inmar, Inc.

Technology-driven solutions provider for retailers, wholesalers and manufacturers

SoutheastSoftware & Services
Inszone Mid, LLC and INSZ Holdings, LLC

Insurance brokerage firm

MidwestInsurance Services
IQN Holding Corp.

Provider of extended workforce management software

SoutheastSoftware & Services
ISQ Hawkeye Holdco, Inc. and ISQ Hawkeye Holdings, L.P.

Provider of commercial and industrial waste processing and disposal services

MidwestCommercial & Professional Services
ISQ Hawkeye Holdco, Inc. and ISQ Hawkeye Holdings, LLC

Provider of commercial and industrial waste processing and disposal services

MidwestCommercial & Professional Services
ITI Holdings, Inc.

Provider of innovative software and equipment for motor vehicle agencies

WestTechnology Hardware & Equipment
IV Rollover Holdings, LLC

Provider of cloud based IT solutions, infrastructure and services

WestSoftware & Services
Ivy Hill Asset Management, L.P.

Asset management services

NortheastIvy Hill Asset Management, L.P. (3)
Javlin Three LLC, Javlin Four LLC, and Javlin Five LLC

Asset-backed financial services company

MidwestDiversified Financials
JDC Healthcare Management, LLC

Dental services provider

MidwestHealth Care Services
Jenny C Acquisition, Inc.

Health club franchisor

WestConsumer 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
Kaseya Inc. and Knockout Intermediate Holdings I Inc.

Provider of cloud-based software and technology solutions for small and medium sized businesses

SoutheastSoftware & 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

*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.