(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
| Company/Description | Region | Senior Secured Loan* | Senior Subordinated | Equity/Other | Industry |
|---|---|---|---|---|---|
| Radius Aerospace, Inc. and Radius Aerospace Europe Limited Metal fabricator in the aerospace industry | Southeast | Capital Goods | |||
| Raptor Technologies, LLC, Sycamore Bidco LTD and Rocket Parent, LLC Provider of SaaS-based safety and security software to the K-12 school market | Midwest | Software & Services | |||
| Rawlings Sporting Goods Company, Inc. and Easton Diamond Sports, LLC Sports equipment manufacturing company | Midwest | Consumer Durables & Apparel | |||
| RC V Tecmo Investor LLC Technology based aggregator for facility maintenance services | Southeast | Commercial & Professional Services | |||
| RE Community Holdings GP, LLC and RE Community Holdings, LP Operator of municipal recycling facilities | Southeast | Commercial & Professional Services | |||
| RealPage, Inc. Provider of enterprise software solutions to the residential real estate industry | Midwest | Software & Services | |||
| Reddy Ice LLC Packaged ice manufacturer and distributor | Midwest | Retailing and Distribution | |||
| Redwood Services, LLC and Redwood Services Holdco, LLC Provider of residential HVAC and plumbing services | Southeast | Consumer Services | |||
| Reef Lifestyle, LLC Apparel retailer | West | Consumer Durables & Apparel | |||
| Regent Education, Inc. Provider of software solutions designed to optimize the financial aid and enrollment processes | Mid Atlantic | Software & Services | |||
| Registrar Intermediate, LLC and PSP Registrar Co-Investment Fund, L.P. Provider of FDA registration and consulting services | Mid Atlantic | Commercial & Professional Services | |||
| Relativity ODA LLC Electronic discovery document review software platform for use in litigations and investigations | Midwest | Software & Services | |||
| Repairify, Inc. and Repairify Holdings, LLC Provider of automotive diagnostics scans and solutions | Midwest | Technology Hardware & Equipment | |||
| Research Now Group, LLC and Survey Sampling International, LLC Provider of outsourced data collection to the market research industry | Southeast | Commercial & Professional Services | |||
| Respicardia, Inc. Developer of implantable therapies to improve cardiovascular health | Midwest | Health Care Services | |||
| RF HP SCF Investor, LLC Branded specialty food company | Mid Atlantic | Food & Beverage | |||
| Rialto Management Group, LLC Investment and asset management platform focused on real estate | Southeast | Diversified Financials | |||
| Riverview Power LLC Operator of natural gas and oil fired power generation facilities | Northeast | Power Generation | |||
| RMS HoldCo II, LLC & RMS Group Holdings, Inc. Developer of revenue cycle management solutions, process automation, analytics and integration for the healthcare industry | Midwest | Software & Services | |||
| Rodeo AcquisitionCo LLC Provider of food inspection and recovery services | Midwest | Commercial & Professional Services | |||
| RSC Acquisition, Inc. and RSC Insurance Brokerage, Inc. Insurance broker | Northeast | Insurance Services | |||
| RTI Surgical, Inc. and Pioneer Surgical Technology, Inc. Manufacturer of biologic, metal and synthetic implants/devices | Southeast | Health Care Services | |||
| Rug Doctor, LLC and RD Holdco Inc. Manufacturer and marketer of carpet cleaning machines | Midwest | Household & Personal Products | |||
| Rugby Australia Ltd Owner and manager of Australian rugby teams | International | Media & Entertainment | |||
| S Toys Holdings LLC (fka The Step2 Company, LLC) Toy manufacturer | Midwest | Consumer Durables & Apparel | |||
| Safe Home Security, Inc., Security Systems Inc., Safe Home Monitoring, Inc., National Protective Services, Inc., Bright Integrations LLC and Medguard Alert, Inc. Provider of safety systems for business and residential customers | Northeast | Consumer Services | |||
| SageSure Holdings, LLC & Insight Catastrophe Group, LLC Insurance service provider | Mid Atlantic | Insurance Services | |||
| Schill Landscaping and Lawn Care Services, LLC and Landscape Parallel Partners, LP Provider of landscape design and planning, and snow removal services | Midwest | Commercial & Professional Services | |||
| SCI PH Parent, Inc. Industrial container manufacturer, reconditioner and servicer | Midwest | Materials | |||
| SCIH Salt Holdings Inc. Salt and packaged ice melt manufacturer and distributor | Midwest | Retailing and Distribution | |||
| SCM Insurance Services Inc. Provider of claims management, claims investigation & support and risk management solutions for the Canadian property and casualty insurance industry | International | Insurance Services | |||
| SE1 Generation, LLC Solar power developer | Southeast | Power Generation | |||
| SelectQuote, Inc. Direct to consumer insurance distribution platform | Midwest | Insurance Services | |||
| Senior Direct Lending Program, LLC Co-investment vehicle | West | Investment Funds and Vehicles | |||
| SERV 2020-1 Provider of restoration and cleaning services to commercial and residential customers | Southeast | Consumer Services | |||
| SFE Intermediate Holdco LLC Provider of outsourced foodservice to K-12 school districts | West | Food & Staples Retailing | |||
| SG Acquisition, Inc. Provider of insurance solutions for car sales | Southeast | Insurance Services | |||
| SHO Holding I Corporation Manufacturer and distributor of slip resistant footwear | Southeast | Consumer Durables & Apparel | |||
| Shock Doctor, Inc. and Shock Doctor Holdings, LLC Developer, marketer and distributor of sports protection equipment and accessories | Midwest | Consumer Durables & Apparel | |||
| Shur-Co Acquisition, Inc. and Shur-Co Holdco, Inc. Provider of tarp systems and accessories for trucks, trailers, carts, and specialty equipment used in the agriculture, construction and flatbed markets | Midwest | Transportation | |||
| SiroMed Physician Services, Inc. and SiroMed Equity Holdings, LLC Outsourced anesthesia provider | Southeast | Health Care Services | |||
| SK SPV IV, LLC Collision repair site operator | Midwest | Automobiles & Components | |||
| SM Wellness Holdings, Inc. and SM Holdco, Inc. Breast cancer screening provider | Midwest | Health Care Services | |||
| Smarsh Inc. and Skywalker TopCo, LLC SaaS based communication archival service provider | West | Software & Services | |||
| SocialFlow, Inc. Social media optimization platform provider | Mid Atlantic | Software & Services | |||
| Sophia, L.P. Provider of ERP software and services for higher education institutions | Mid Atlantic | Software & Services | |||
| SoundCloud Limited Platform for receiving, sending, and distributing music | International | Software & Services | |||
| Spring Insurance Solutions, LLC Technology-based direct to consumer sales and marketing platform for insurance products | Midwest | Insurance Services | |||
| SSE Buyer, Inc., Supply Source Enterprises, Inc., Impact Products LLC, The Safety Zone, LLC and SSE Parent, LP Manufacturer and distributor of personal protection equipment, commercial cleaning, maintenance and safety products | Southeast | Commercial & Professional Services | |||
| Stamps.com Inc. Provider of mailing and shipping solutions | West | Software & Services | |||
| Star US Bidco LLC Manufacturer of pumps, compressors and other highly-engineered equipment for mission-critical applications | West | Capital Goods | |||
| Startec Equity, LLC Communication services | West | Commercial & Professional Services | |||
| Stealth Holding LLC and UCIT Online Security Inc. Live video monitoring solutions provider | Midwest | Commercial & Professional Services | |||
| Storable, Inc. and EQT IX Co-Investment (E) SCSP PMS solutions and web services for the self-storage industry | International | Software & Services | |||
| Storm Investment S.a.r.l. Spanish futbol club | International | Media & Entertainment | |||
| Sun Acquirer Corp. and Sun TopCo, LP Automotive parts and repair services retailer | West | Automobiles & Components |
*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.