Portfolio

Balanced Portfolio.
Defensive Industries.
Well Diversified.

ARCC Portfolio

As of September 30, 2022, Ares Capital Corporation’s (“Ares Capital” or “ARCC”) portfolio had a fair value of approximately $21.3 billion, and consisted of 458 portfolio companies backed by 224 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, 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 September 30, 2022, the Senior Direct Lending Program, LLC (the "SDLP") had loans to 21 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 5.3% of the total investment portfolio at fair value as of September 30, 2022.

Portfolio of Investments

Investments as of March 31, 2019 Investments as of September 30, 2022
Company/DescriptionRegionSenior Secured Loan*Senior SubordinatedEquity/OtherIndustry
Opal Fuels LLC and Opal Fuels Inc.

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
Park Place Technologies, LLC

Provider of hardware maintenance and support services for IT data centers

MidwestSoftware & Services
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
PDDS HoldCo, Inc.

Provider of cloud-based dental practice management software

WestSoftware & Services
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
PetVet Care Centers, LLC

Veterinary hospital operator

NortheastHealth Care Services
Petvisor Holdings, LLC

Provider of veterinarian-focused SaaS solutions

WestSoftware & 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
Pluto Acquisition I, Inc.

Provider of post-acute healthcare services including skilled and private-duty nursing, hospice, palliative care and medical homecare

SoutheastHealth Care Services
Polymer Solutions Group, LLC

Manufacturer of chemical formulations that improve the processing and efficacy of rubber, resin, and engineered wood based end-products

MidwestMaterials
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
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
Precisely Software Incorporated (f/k/a Syncsort Incorporated)

Provider of software specializing in improving the integrity and quality of Big Data

Mid AtlanticSoftware & Services
Precision Concepts International LLC and Precision Concepts Canada Corporation

Manufacturer of diversified packaging solutions and plastic injection molded products

SoutheastMaterials
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
Prime Buyer, L.L.C.

Provider of track systems, cabs, hulls, doors, and various armored components for defense/military vehicle applications

MidwestCapital Goods
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
Pueblo Mechanical and Controls, LLC and OMERS PMC Investment Holdings LLC

Provider of commercial HVAC services

WestConsumer 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
Radius Aerospace, Inc. and Radius Aerospace Europe Limited

Metal fabricator in the aerospace industry

SoutheastCapital 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

MidwestSoftware & Services
Rawlings Sporting Goods Company, Inc. and Easton Diamond Sports, LLC

Sports equipment manufacturing company

MidwestConsumer Durables & Apparel
RB Holdings InterCo, LLC

Manufacturer of pet food and treats

WestFood & Beverage

*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.