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
U.S. Acute Care Solutions, LLC

Provider of physician management services

MidwestHealth Care Services
U.S. Anesthesia Partners, Inc.

Anesthesiology service provider

MidwestHealth Care Services
UL Holding Co., LLC

Provider of collection and landfill avoidance solutions for food waste and unsold food products

MidwestCommercial & Professional Services
United Digestive MSO Parent, LLC

Gastroenterology physician group

SoutheastHealth Care Services
Urgent Cares of America Holdings I, LLC and FastMed Holdings I, LLC

Operator of urgent care clinics

SoutheastHealth Care Services
Urology Management Associates, LLC and JWC/UMA Holdings, L.P.

Urology private practice

NortheastHealth Care Services
Varsity Brands Holding Co., Inc. and BCPE Hercules Holdings, LP

Leading manufacturer and distributor of textiles, apparel & luxury goods

SoutheastConsumer Durables & Apparel
VCP-EDC Co-Invest, LLC

Distributor of foodservice equipment and supplies

MidwestFood & Staples Retailing
Vela Trading Technologies, LLC

Provider of market data software and content to global financial services clients

Mid AtlanticSoftware & Services
Velocity Holdings Corp.

Hosted enterprise resource planning application management services provider

Mid AtlanticSoftware & Services
Verscend Holding Corp.

Healthcare analytics solutions provider

NortheastSoftware & Services
Vertice Pharma UK Parent Limited

Manufacturer and distributor of generic pharmaceutical products

InternationalPharmaceuticals, 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

MidwestCommercial & Professional Services
VLS Recovery Services, LLC

Provider of commercial and industrial waste processing and disposal services

MidwestCommercial & Professional Services
Voya CLO 2014-4 Ltd.

Investment vehicle

InternationalInvestment 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

MidwestEnergy
VRC Companies, LLC

Provider of records and information management services

SoutheastCommercial & Professional Services
VS Buyer, LLC

Provider of software-based data protection solutions

Mid AtlanticSoftware & Services
VSC Investors LLC

Investment company

WestInvestment Funds and Vehicles
Wand Newco 3, Inc. (dba Caliber Collision)

Collision repair company

MidwestAutomobiles & Components
WASH Multifamily Acquisition Inc. and Coinamatic Canada Inc.

Laundry service and equipment provider

WestConsumer Services
Watchfire Enterprises, Inc.

Manufacturer of LED electronic message centers and digital billboards

MidwestTechnology Hardware & Equipment
WCI-HFG Holdings, LLC

Distributor of repair and replacement parts for commercial kitchen equipment

MidwestCommercial & Professional Services
WebPT, Inc.

Electronic medical record software provider

WestSoftware & Services
Wildcat BuyerCo, Inc. and Wildcat Parent, LP

Provider and supplier of electrical components for commercial and industrial applications

SoutheastTechnology Hardware & Equipment
Woodstream Group, Inc. and Woodstream Corporation

Manufacturer of natural solution pest and animal control products

Mid AtlanticHousehold & Personal Products
WorldPay Group PLC

Payment processing company

InternationalSoftware & Services
WSHP FC Acquisition LLC

Provider of biospecimen products for pharma research

MidwestHealth Care Services
XIFIN, Inc.

Revenue cycle management provider to labs

WestCommercial & Professional Services
XIFIN, Inc. and ACP Charger Co-Invest LLC

Revenue cycle management provider to labs

WestCommercial & Professional Services
Zemax Software Holdings, LLC

Provider of optical illumination design software to design engineers

WestSoftware & Services
Zywave, Inc.

Provider of software and technology-enabled content and analytical solutions to insurance brokers

MidwestSoftware & 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.