Portfolio

Balanced Portfolio.
Defensive Industries.
Well Diversified.

ARCC Portfolio

As of September 30, 2021, Ares Capital Corporation’s (“Ares Capital” or “ARCC”) portfolio had a fair value of approximately $17.7 billion, and consisted of 371 portfolio companies backed by 188 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 September 30, 2021⁽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 September 30, 2021, the Senior Direct Lending Program, LLC (the "SDLP") had loans to 17 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 5.3% of the total investment portfolio at fair value as of September 30, 2021.

Portfolio of Investments

Investments as of March 31, 2019 Investments as of September 30, 2021
Company/DescriptionRegionSenior Secured Loan*Senior SubordinatedEquity/OtherIndustry
Lido Advisors, LLC

Wealth management and financial planning firm

WestDiversified Financials
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
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
Masergy Holdings, Inc.

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

MidwestSoftware & 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
MCH Holdings, Inc., MC Acquisition Holdings I, LLC and Privia Health Group, Inc.

Healthcare professional provider

MidwestHealth Care Services
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
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
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
MMax Investment Partners, Inc. (d/b/a Professional Fighters League) and PFL MMA, Inc.

Mixed martial arts league

Mid AtlanticMedia & Entertainment
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
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
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
Neighborly Issuer LLC, TDG Group Holding Company and TDG Co-Invest, LP

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

MidwestCommercial & Professional Services
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

InternationalMaterials
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
North American Fire Holdings, LLC and North American Fire Ultimate Holdings, LLC

Provider of fire safety and life safety services

NortheastCommercial & Professional Services
North American Science Associates, LLC, Cardinal Purchaser LLC and Cardinal Topco Holdings, L.P.

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

MidwestPharmaceuticals, Biotechnology & Life Sciences
North Haven Falcon Buyer, LLC and North Haven Falcon Holding Company, LLC

Manufacturer of aftermarket golf cart parts and accessories

SoutheastRetailing and Distribution
North Haven Stack Buyer, LLC

Provider of environmental testing services

SoutheastCommercial & Professional 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 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 Borrower LLC

Benefits broker and outsourced workflow automation platform provider for brokers

SoutheastInsurance Services
Opal Fuels LLC

Owner of natural gas facilities

Mid AtlanticPower Generation
OpenMarket Inc.

Provider of cloud-based mobile engagement platform

InternationalSoftware & Services
Osmose Utilities Services, Inc. and Pine Intermediate Holding LLC

Provider of structural integrity management services to transmission and distribution infrastructure

MidwestCapital Goods
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
Padres L.P.

Sports and entertainment

WestMedia & Entertainment

*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.