(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, 2021, 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 investment in the SDLP, which represented 6.9% of the total investment portfolio at fair value as of March 31, 2021.
Portfolio of Investments
| Company/Description | Region | Senior Secured Loan* | Senior Subordinated | Equity/Other | Industry |
|---|---|---|---|---|---|
| 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 | |||
| Singer Sewing Company, SVP-Singer Holdings, LLC and SVP-Singer Holdings LP Manufacturer of consumer sewing machines | Southeast | Consumer Durables & Apparel | |||
| 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., MobileGuard, LLC, Actiance, 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 | |||
| Sovos Brands Intermediate, Inc. Food and beverage platform | West | Food, Beverage & Tobacco | |||
| SpareFoot, LLC PMS solutions and web services for the self-storage industry | Midwest | Software & Services | |||
| Spectra Finance, LLC Venue management and food and beverage provider | Mid Atlantic | Consumer 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 | |||
| 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 | International | Commercial & Professional Services | |||
| Sundance Energy, Inc. Oil and gas producer | West | Energy | |||
| Sunk Rock Foundry Partners LP, Hatteras Electrical Manufacturing Holding Company and Sigma Electric Manufacturing Corporation Manufacturer of metal castings, precision machined components and sub-assemblies in the electrical products, power transmission and distribution and general industrial markets | Southeast | Capital Goods | |||
| Sunrun Atlas Depositor 2019-2, LLC and Sunrun Atlas Holdings 2019-2, LLC Residential solar energy provider | West | Power Generation | |||
| Sunrun Xanadu Issuer 2019-1, LLC and Sunrun Xanadu Holdings 2019-1, LLC Residential solar energy provider | West | Power Generation | |||
| Sunshine Sub, LLC Premier health club operator | Southeast | Consumer Services | |||
| Symplr Software Inc. and Symplr Software Intermediate Holdings, Inc. SaaS based healthcare compliance platform provider | Midwest | Health Care Services | |||
| Synergy HomeCare Franchising, LLC and NP/Synergy Holdings, LLC Franchisor of private-pay home care for the elderly | West | Health Care Services | |||
| TA/WEG Holdings, LLC Wealth management and financial planning firm | Midwest | Diversified Financials | |||
| Taymax Group, L.P., Taymax Group G.P., LLC, PF Salem Canada ULC and TCP Fit Parent, L.P. Planet Fitness franchisee | Northeast | Consumer Services | |||
| TCP Hawker Intermediate LLC Workforce management solutions provider | Midwest | Software & Services | |||
| Teasdale Foods, Inc. and Familia Group Holdings Inc. Provider of beans, sauces and hominy to the retail, foodservice and wholesale channels | West | Food, Beverage & Tobacco | |||
| Teligent, Inc. Pharmaceutical company that develops, manufactures and markets injectable pharmaceutical products | Mid Atlantic | Health Care Services | |||
| TerSera Therapeutics LLC Acquirer and developer of specialty therapeutic pharmaceutical products | Midwest | Pharmaceuticals, Biotechnology & Life Sciences | |||
| The Alaska Club Partners, LLC, Athletic Club Partners LLC and The Alaska Club, Inc. Premier health club operator | West | Consumer Services | |||
| The Teaching Company Holdings, Inc. Education publications provider | Mid Atlantic | Media & Entertainment | |||
| The Ultimate Software Group, Inc. and H&F Unite Partners, L.P. Provider of cloud based HCM solutions for businesses | Southeast | Software & Services | |||
| The Ultimus Group Midco, LLC, The Ultimus Group, LLC, and The Ultimus Group Aggregator, LP Provider of asset-servicing capabilities for fund managers | Mid Atlantic | Diversified Financials | |||
| Theranest, LLC Provider of software solutions for the mental and behavioral health market segments | Southeast | Health Care Services | |||
| THG Acquisition, LLC Multi-line insurance broker | Mid Atlantic | Insurance Services | |||
| Totes Isotoner Corporation and Totes Ultimate Holdco, Inc. Designer, marketer, and distributor of rain and cold weather products | Midwest | Consumer Durables & Apparel | |||
| Touchstone Acquisition, Inc. and Touchstone Holding, L.P. Manufacturer of consumable products in the dental, medical, cosmetic and consumer/industrial end-markets | Southeast | Health Care Services | |||
| Triton Water Holdings, Inc. Producer and provider of bottled water brands | Northeast | Food, Beverage & Tobacco | |||
| TWH Infrastructure Industries, Inc. Provider of engineered products used in the trenchless rehabilitation of wastewater infrastructure | Midwest | Materials | |||
| Tyden Group Holding Corp. Producer and marketer of global cargo security, product identification and traceability products and utility meter products | International | Commercial & Professional Services | |||
| U.S. Anesthesia Partners, Inc. Anesthesiology service provider | Midwest | Health Care Services | |||
| United Digestive MSO Parent, LLC Gastroenterology physician group | Southeast | Health Care Services | |||
| Urgent Cares of America Holdings I, LLC and FastMed Holdings I, LLC Operator of urgent care clinics | Southeast | Health Care Services | |||
| Urology Management Associates, LLC and JWC/UMA Holdings, L.P. Urology private practice | Northeast | Health Care Services | |||
| Varsity Brands Holding Co., Inc. and BCPE Hercules Holdings, LP Leading manufacturer and distributor of textiles, apparel & luxury goods | Southeast | Consumer Durables & Apparel | |||
| VCP-EDC Co-Invest, LLC Distributor of foodservice equipment and supplies | Midwest | Food & Staples Retailing | |||
| Vela Trading Technologies, LLC Provider of market data software and content to global financial services clients | Mid Atlantic | Software & Services | |||
| Verscend Holding Corp. Healthcare analytics solutions provider | Northeast | Software & Services | |||
| Vertice Pharma UK Parent Limited Manufacturer and distributor of generic pharmaceutical products | International | Pharmaceuticals, Biotechnology & Life Sciences | |||
| Veterinary Practice Partners, LLC Veterinary hospital operator | Mid Atlantic | Health Care Services | |||
| Visual Edge Technology, Inc. Provider of outsourced office solutions with a focus on printer and copier equipment and other parts and supplies | Midwest | Commercial & Professional Services | |||
| VLS Recovery Services, LLC Provider of commercial and industrial waste processing and disposal services | Midwest | Commercial & Professional Services | |||
| VPROP Operating, LLC and V SandCo, LLC Sand-based proppant producer and distributor to the oil and natural gas industry | Midwest | Energy |
*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.