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
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

Mid AtlanticCommercial & 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., Olympia TopCo, L.P., and Asclepius Holdings LLC

Behavioral health and special education platform provider

Mid AtlanticHealth Care Services
OMH-HealthEdge Holdings, LLC

Revenue cycle management provider 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
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
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
Patriot Growth Insurance Services, LLC

National retail insurance agency

Mid AtlanticInsurance Services
Paya, Inc and GTCR-Ultra Holdings LLC

Provider of payment processing and merchant acquiring solutions

Mid AtlanticSoftware & Services
PayNearMe, Inc.

Electronic cash payment system provider

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
People Corporation

Provider of group benefits, group retirement and human resources services

InternationalInsurance Services
Perforce Software, Inc.

Developer of software used for application development

MidwestSoftware & Services
Petroleum Service Group LLC

Provider of operational services for US petrochemical and refining companies

SoutheastCommercial & Professional Services
PhyMED Management LLC

Provider of anesthesia services

SoutheastHealth Care Services
Piper Jaffray Merchant Banking Fund I, L.P.

Investment partnership

MidwestInvestment Funds and Vehicles
Plaskolite PPC Intermediate II LLC and Plaskolite PPC Blocker LLC

Manufacturer of specialized acrylic and polycarbonate sheets

MidwestMaterials
Pluralsight, Inc.

Online education learning platform

WestSoftware & Services
Poplicus Incorporated

Business intelligence and market analytics platform for companies that sell to the public sector

WestSoftware & Services
PosiGen, Inc.

Seller and leaser of solar power systems for residential and commercial customers

SoutheastPower Generation
Potomac Intermediate Holdings II LLC

Gas turbine power generation facilities operator

Mid AtlanticPower Generation
PracticeTek Purchaser, LLC and GSV PracticeTek Holdings, LLC

Software provider for medical practitioners

MidwestSoftware & Services
Precinmac (US) Holdings Inc., Trimaster Manufacturing Inc. and Blade Group Holdings, LP.

Manufacturer of high-tolerance precision machined components and assemblies for the aerospace and defense industry

NortheastCapital Goods
Premier Specialties, Inc. and RMCF V CIV XLIV, L.P.

Manufacturer and supplier of natural fragrance materials and cosmeceuticals

Mid AtlanticHousehold & Personal Products
Premise Health Holding Corp. and OMERS Bluejay Investment Holdings LP

Provider of employer-sponsored onsite health and wellness clinics and pharmacies

SoutheastHealth Care Services
Primrose Holding Corporation

Franchisor of education-based early childhood centers

SoutheastEducation
Priority Holdings, LLC and Priority Technology Holdings, Inc.

Provider of merchant acquiring and payment processing solutions

SoutheastDiversified Financials
Pritchard Industries, LLC and LJ Pritchard TopCo Holdings, LLC

Provider of janitorial and facilities management services

Mid AtlanticCommercial & Professional Services
Production Resource Group, L.L.C. and PRG III, LLC

Provider of rental equipment, labor, production management, scenery, and other products to various entertainment end-markets

Mid AtlanticMedia & Entertainment
Professional Fighters League, LLC and PFL MMA, Inc.

Mixed martial arts league

Mid AtlanticMedia & Entertainment
ProfitSolv Purchaser, Inc. and PS Co-Invest, L.P.

Provider of practice management software to law firms

MidwestSoftware & Services
Project Alpha Intermediate Holding, Inc. and Qlik Parent, Inc.

Provider of data visualization software for data analytics

Mid AtlanticSoftware & Services
Project Essential Bidco, Inc. and Project Essential Super Parent, Inc.

Saas provider of automated crew callout and scheduling software for the utility industry

MidwestSoftware & Services
Project Potter Buyer, LLC and Project Potter Parent, L.P.

Software solutions provider to the ready-mix concrete industry

SoutheastSoftware & Services
Project Ruby Ultimate Parent Corp.

Provider of care coordination and transition management software solutions

MidwestHealth Care Services
Proofpoint, Inc.

Cybersecurity solutions provider

WestSoftware & Services
PS Operating Company LLC and PS Op Holdings LLC

Specialty distributor and solutions provider to the swine and poultry markets

MidwestCommercial & Professional Services
Pyramid Management Advisors, LLC and Pyramid Investors, LLC

Hotel operator

NortheastConsumer Services
QF Holdings, Inc.

SaaS based electronic health record software provider

SoutheastSoftware & Services
R2 Acquisition Corp.

Marketing 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.