(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, 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 6.5% of the total investment portfolio at fair value as of September 30, 2020.
Portfolio of Investments
| Company/Description | Region | Senior Secured Loan* | Senior Subordinated | Equity/Other | Industry |
|---|---|---|---|---|---|
| SM Wellness Holdings, Inc. and SM Holdco, Inc. Breast cancer screening provider | Midwest | Health Care Services | |||
| SocialFlow, Inc. Social media optimization platform provider | 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 | |||
| Sparta Systems, Inc., Project Silverback Holdings Corp. and Silverback Holdings, Inc. Quality management software provider | Mid Atlantic | Software & Services | |||
| Spectra Finance, LLC Venue management and food and beverage provider | Mid Atlantic | Consumer Services | |||
| Spin HoldCo Inc. and Airvending Limited Laundry service and equipment provider | International | Consumer 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 | |||
| Storm UK Holdco Limited and Storm US Holdco Inc. Provider of water infrastructure software solutions for municipalities / utilities and engineering consulting firms | International | Software & 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 | |||
| Surf Holdings, LLC Cybersecurity solutions provider | International | Software & Services | |||
| Synergy HomeCare Franchising, LLC and NP/Synergy Holdings, LLC Franchisor of private-pay home care for the elderly | West | Health Care Services | |||
| Systematic Power Manufacturing, LLC Manufacturer and supplier of batteries and ultracapacitors for automotive markets | Southeast | Automobiles & Components | |||
| 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 | |||
| TDG Group Holding Company and TDG Co-Invest, LP Operator of multiple franchise concepts primarily related to home maintenance or repairs | Midwest | Commercial & Professional 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 | |||
| Telestream Holdings Corporation Provider of digital video tools and workflow solutions to the media and entertainment industries | West | Software & Services | |||
| 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 | |||
| TimeClock Plus, LLC Workforce management solutions provider | Midwest | Software & 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 | |||
| 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. Acute Care Solutions, LLC Provider of physician management services | Midwest | Health Care 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 | |||
| Velocity Holdings Corp. Hosted enterprise resource planning application management services provider | 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 | |||
| 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 | |||
| Voya CLO 2014-4 Ltd. Investment vehicle | International | Investment Funds and Vehicles | |||
| VPROP Operating, LLC and Vista Proppants and Logistics, LLC Sand-based proppant producer and distributor to the oil and natural gas industry | Midwest | Energy | |||
| VRC Companies, LLC Provider of records and information management services | Southeast | Commercial & Professional Services | |||
| VS Buyer, LLC Provider of software-based data protection solutions | Mid Atlantic | Software & Services | |||
| VSC Investors LLC Investment company | West | Investment Funds and Vehicles |
*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.