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
SCIH Salt Holdings Inc.

Salt and packaged ice melt manufacturer and distributor

MidwestRetailing & Distribution
SCM Insurance Services Inc.

Provider of claims management, claims investigation & support and risk management solutions for the Canadian property and casualty insurance industry

InternationalInsurance
SCSG EA Acquisition Company, Inc.

Provider of outsourced clinical services to hospitals and health systems

SoutheastHealth Care Services
SE1 Generation, LLC

Solar power developer

SoutheastPower Generation
SecurAmerica, LLC, ERMC LLC, ERMC Of America, LLC, SecurAmerica Corporation, ERMC Aviation LLC, American Security Programs, Inc., USI LLC and Argenbright Holdings IV, LLC

Provider of outsourced manned security guard services, outsourced facilities management and outsourced aviation services

SoutheastCommercial & Professional Services
SecurAmerica, LLC, ERMC LLC, ERMC Of America, LLC, SecurAmerica Corporation, SecurAmerica Aviation Security LLC, American Security Programs, Inc., USI LLC, Argenbright Holdings IV, LLC and Scrub Holdings, Inc

Provider of outsourced manned security guard services, outsourced facilities management and outsourced aviation services

SoutheastCommercial & Professional Services
Securelink, Inc.

Provider of a SaaS third-party remote access software platform

MidwestSoftware & Services
SelectQuote, Inc.

Direct to consumer insurance distribution platform

MidwestInsurance
Senior Direct Lending Program, LLC

Co-investment vehicle

WestInvestment Funds and Vehicles
Severin Acquisition, LLC, PeopleAdmin, Inc., Promachos Holding, Inc. and Performance Matters LLC

Provider of student information system software solutions to the K-12 education market

WestSoftware & Services
SFE Intermediate Holdco LLC

Provider of outsourced foodservice to K-12 school districts

WestFood & Staples Retailing
SG Acquisition, Inc.

Provider of insurance solutions for car sales

SoutheastInsurance
SHO Holding I Corporation

Manufacturer and distributor of slip resistant footwear

SoutheastConsumer Durables & Apparel
Shock Doctor, Inc. and Shock Doctor Holdings, LLC

Developer, marketer and distributor of sports protection equipment and accessories

MidwestConsumer Durables & Apparel
SIGOS LLC

Web and mobile cloud performance testing and monitoring services provider

WestSoftware & Services
Simpson Performance Products, Inc.

Provider of motorsports safety equipment

MidwestConsumer Durables & Apparel
Singer Sewing Company, SVP-Singer Holdings, LLC and SVP-Singer Holdings LP

Manufacturer of consumer sewing machines

SoutheastConsumer Durables & Apparel
SiroMed Physician Services, Inc. and SiroMed Equity Holdings, LLC

Outsourced anesthesia provider

SoutheastHealth Care Services
SK SPV IV, LLC

Collision repair site operator

MidwestAutomobiles & Components
SM Wellness Holdings, Inc. and SM Holdco, Inc.

Breast cancer screening provider

MidwestHealth Care Services
SocialFlow, Inc.

Social media optimization platform provider

Mid AtlanticSoftware & Services
Sonny's Enterprises, LLC

Manufacturer and supplier of car wash equipment, parts and supplies to the conveyorized car wash market

SoutheastCommercial & Professional Services
SoundCloud Limited

Platform for receiving, sending, and distributing music

InternationalSoftware & Services
Sovos Brands Intermediate, Inc.

Food and beverage platform

WestFood, Beverage & Tobacco
SpareFoot, LLC

PMS solutions and web services for the self-storage industry

MidwestSoftware & Services
Sparta Systems, Inc., Project Silverback Holdings Corp. and Silverback Holdings, Inc.

Quality management software provider

Mid AtlanticSoftware & Services
Spectra Finance, LLC

Venue management and food and beverage provider

Mid AtlanticConsumer Services
Spin HoldCo Inc.

Laundry service and equipment provider

Mid AtlanticConsumer Services
Star US Bidco LLC

Manufacturer of pumps, compressors and other highly-engineered equipment for mission-critical applications

WestCapital Goods
Startec Equity, LLC

Communication services

WestCommercial & Professional Services
Storm UK Holdco Limited and Storm US Holdco Inc.

Provider of water infrastructure software solutions for municipalities / utilities and engineering consulting firms

InternationalSoftware & Services
Sundance Energy, Inc.

Oil and gas producer

WestEnergy
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

SoutheastCapital Goods
Sunrun Atlas Depositor 2019-2, LLC and Sunrun Atlas Holdings 2019-2, LLC

Residential solar energy provider

WestPower Generation
Sunrun Xanadu Issuer 2019-1, LLC and Sunrun Xanadu Holdings 2019-1, LLC

Residential solar energy provider

WestPower Generation
Sunshine Sub, LLC

Premier health club operator

SoutheastConsumer Services
Surf Holdings, LLC

Cybersecurity solutions provider

InternationalSoftware & Services
Synergy HomeCare Franchising, LLC and NP/Synergy Holdings, LLC

Franchisor of private-pay home care for the elderly

WestHealth Care Services
Systematic Power Manufacturing, LLC

Manufacturer and supplier of batteries and ultracapacitors for automotive markets

SoutheastAutomobiles & Components
TA/WEG Holdings, LLC

Wealth management and financial planning firm

MidwestDiversified Financials
Taymax Group, L.P., Taymax Group G.P., LLC, PF Salem Canada ULC and TCP Fit Parent, L.P.

Planet Fitness franchisee

NortheastConsumer Services
TDG Group Holding Company and TDG Co-Invest, LP

Operator of multiple franchise concepts primarily related to home maintenance or repairs

MidwestCommercial & Professional Services
Teasdale Foods, Inc. and Familia Group Holdings Inc.

Provider of beans, sauces and hominy to the retail, foodservice and wholesale channels

WestFood, Beverage & Tobacco
Telestream Holdings Corporation

Provider of digital video tools and workflow solutions to the media and entertainment industries

WestSoftware & Services
Teligent, Inc.

Pharmaceutical company that develops, manufactures and markets injectable pharmaceutical products

Mid AtlanticHealth Care Services
TerSera Therapeutics LLC

Acquirer and developer of specialty therapeutic pharmaceutical products

MidwestPharmaceuticals, Biotechnology & Life Sciences
The Alaska Club Partners, LLC, Athletic Club Partners LLC and The Alaska Club, Inc.

Premier health club operator

WestConsumer Services
The Teaching Company Holdings, Inc.

Education publications provider

Mid AtlanticMedia & Entertainment
The Ultimate Software Group, Inc. and H&F Unite Partners, L.P.

Provider of cloud based HCM solutions for businesses

SoutheastSoftware & 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 AtlanticDiversified Financials
THG Acquisition, LLC

Multi-line insurance broker

Mid AtlanticInsurance
TimeClock Plus, LLC

Workforce management solutions provider

MidwestSoftware & Services
Totes Isotoner Corporation and Totes Ultimate Holdco, Inc.

Designer, marketer, and distributor of rain and cold weather products

MidwestConsumer Durables & Apparel
Touchstone Acquisition, Inc. and Touchstone Holding, L.P.

Manufacturer of consumable products in the dental, medical, cosmetic and CPG/industrial end-markets

SoutheastHealth Care Services
TWH Infrastructure Industries, Inc.

Provider of engineered products used in the trenchless rehabilitation of wastewater infrastructure

MidwestMaterials
Tyden Group Holding Corp.

Producer and marketer of global cargo security, product identification and traceability products and utility meter products

InternationalCommercial & Professional Services

*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.