Portfolio

Balanced Portfolio.
Defensive Industries.
Well Diversified.

ARCC Portfolio

As of March 31, 2020, Ares Capital Corporation’s (“Ares Capital” or “ARCC”) portfolio had a fair value of approximately $15.8 billion, and consisted of 355 portfolio companies backed by 167 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, 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 March 31, 2020, 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 in the SDLP, which represented 6% of the total investment portfolio at fair value as of March 31, 2020.

Portfolio of Investments

Investments as of March 31, 2019 Investments as of March 31, 2020
Company/DescriptionRegionSenior Secured Loan*Senior SubordinatedEquity/OtherIndustry
Pathway Vet Alliance LLC and Pathway Vet Alliance Holding LLC

Veterinary hospital operator

MidwestHealth Care Services
Patterson Medical Supply, Inc.

Distributor of rehabilitation supplies and equipment

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
Penn Virginia Holding Corp.

Exploration and production company

MidwestEnergy
PERC Holdings 1 LLC

Operator of recycled energy, combined heat and power, and energy efficiency facilities

MidwestPower Generation
Perforce Software, Inc.

Developer of software used for application development

MidwestSoftware & Services
PetIQ, LLC

Distributor and manufacturer of pet prescription medications and health products

WestHealth Care Services
Petroleum Service Group LLC

Provider of operational services for US petrochemical and refining companies

SoutheastCommercial & Professional Services
PetVet Care Centers, LLC

Veterinary hospital operator

NortheastHealth Care Services
PHL Investors, Inc., and PHL Holding Co.

Mortgage services

Mid AtlanticCommercial & Professional Services
PHNTM Holdings, Inc. and Planview Parent, Inc.

Provider of project and portfolio management software

MidwestSoftware & Services
PhyMED Management LLC

Provider of anesthesia services

SoutheastHealth Care Services
PIH Corporation and Primrose Holding Corporation

Franchisor of education-based early childhood centers

SoutheastEducation
Pillar Processing LLC and PHL Investors, Inc.

Mortgage services

Mid AtlanticCommercial & Professional Services
Pine Holdings, Inc.

Retailer of fine and artisanal paper products

MidwestRetailing & Distribution
Piper Jaffray Merchant Banking Fund I, L.P.

Investment partnership

MidwestInvestment Funds and Vehicles
Plantation Products, LLC, Seed Holdings, Inc. and Flora Parent, Inc.

Provider of branded lawn and garden products

NortheastHousehold & Personal Products
Plaskolite PPC Intermediate II LLC and Plaskolite PPC Blocker LLC

Manufacturer of specialized acrylic and polycarbonate sheets

MidwestMaterials
Poplicus Incorporated

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

WestSoftware & Services
Portillo's Holdings, LLC

Fast casual restaurant brand

MidwestConsumer Services
PosiGen Backleverage, LLC and PosiGen, Inc.

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

SoutheastPower Generation
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
Production Resource Group, L.L.C.

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

Mid AtlanticMedia & Entertainment
Project Alpha Intermediate Holding, Inc. and Qlik Parent, Inc.

Provider of data visualization software for data analytics

Mid AtlanticSoftware & Services
ProVation Medical, Inc.

Provider of documentation and coding software for GI physicians

MidwestHealth Care Services
Puerto Rico Waste Investment LLC

Waste management service provider

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

Hotel operator

NortheastConsumer Services
QC Supply, LLC

Specialty distributor and solutions provider to the swine and poultry markets

MidwestCommercial & Professional Services
QF Holdings, Inc.

SaaS based electronic health record software provider

SoutheastSoftware & Services
R2 Acquisition Corp.

Marketing services

WestCommercial & Professional Services
Radius Aerospace, Inc. and Radius Aerospace Europe Limited

Metal fabricator in the aerospace industry

InternationalCapital Goods
Raptor Technologies, LLC and Rocket Parent, LLC

Provider of SaaS-based safety and security software to the K-12 school market

MidwestSoftware & Services
RE Community Holdings GP, LLC and RE Community Holdings, LP

Operator of municipal recycling facilities

SoutheastCommercial & Professional Services
Reddy Ice LLC

Packaged ice manufacturer and distributor

MidwestRetailing & Distribution
Regent Education, Inc.

Provider of software solutions designed to optimize the financial aid and enrollment processes

Mid AtlanticSoftware & Services
Research Now Group, LLC and Survey Sampling International, LLC

Provider of outsourced data collection to the market research industry

SoutheastCommercial & Professional Services
Respicardia, Inc.

Developer of implantable therapies to improve cardiovascular health

MidwestHealth Care Services
Retriever Medical/Dental Payments LLC, FSDC Holdings, LLC, Rectangle Ware-Ever Pay LLC and Retriever Enterprises, LLC

Provider of payment processing services and software to healthcare providers

Mid AtlanticSoftware & Services
Revint Intermediate II, LLC

Revenue cycle consulting firm to the healthcare industry

NortheastCommercial & Professional Services
RF HP SCF Investor, LLC

Branded specialty food company

Mid AtlanticFood, Beverage & Tobacco
Rialto Management Group, LLC

Investment and asset management platform focused on real estate

SoutheastDiversified Financials
Riverview Power LLC

Operator of natural gas and oil fired power generation facilities

NortheastPower Generation
RMCF III CIV XXIX, L.P

Software provider for clinical trial management

Mid AtlanticSoftware & Services
RSC Acquisition, Inc. and RSC Insurance Brokerage, Inc.

Insurance broker

NortheastInsurance
RTI Surgical, Inc.

Manufacturer of biologic, metal and synthetic implants/devices

SoutheastHealth Care Services
Rug Doctor, LLC and RD Holdco Inc.

Manufacturer and marketer of carpet cleaning machines

MidwestHousehold & Personal Products
S Toys Holdings LLC (fka The Step2 Company, LLC)

Toy manufacturer

MidwestConsumer Durables & Apparel
Saw Mill PCG Partners LLC

Manufacturer of metal precision engineered components

MidwestCapital Goods
SCI PH Parent, Inc.

Industrial container manufacturer, reconditioner and servicer

MidwestMaterials

*Represents investments in first lien senior secured loans (including "unitranche" loans, which are loans that combine both senior and mezzanine debt, generally in a first lien position) and second lien senior secured loans.