(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 June 30, 2022, the Senior Direct Lending Program, LLC (the "SDLP") had loans to 20 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 4.8% of the total investment portfolio at fair value as of June 30, 2022.
Portfolio of Investments
| Company/Description | Region | Senior Secured Loan* | Senior Subordinated | Equity/Other | Industry |
|---|---|---|---|---|---|
| Sunrun Luna Holdco 2021, 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 | |||
| SV-Burton Holdings, LLC and LBC Breeze Holdings LLC Provider of HVAC and plumbing services to residential and commercial customers | Midwest | Consumer Services | |||
| SVP-Singer Holdings Inc. and SVP-Singer Holdings LP Manufacturer of consumer sewing machines | Southeast | Consumer Durables & Apparel | |||
| 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 | |||
| Tamarack Intermediate, L.L.C. and Tamarack Parent, L.L.C. Provider of environment, health, safety, and sustainability software | West | Software & Services | |||
| 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 | |||
| 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 Arcticom Group, LLC and AMCP Mechanical Holdings, LP Refrigeration, heating, ventilation and air conditioning services provider | West | Consumer Services | |||
| The Mather Group, LLC, TVG-TMG Topco, Inc., and TVG-TMG Holdings, LLC Provider of comprehensive wealth management services | Midwest | Diversified Financials | |||
| 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 | |||
| Therapy Brands Holdings LLC Provider of software solutions for the mental and behavioral health market segments | Southeast | Health Care Services | |||
| Thermostat Purchaser III, Inc. Provider of commercial HVAC equipment maintenance and repair services | Midwest | Commercial & Professional 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 | |||
| Two Six Labs, LLC Provider of information operations, cyber, and data analytics products and services for government and defense contracts | Mid Atlantic | Capital Goods | |||
| 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. & U.S. Anesthesia Partners Holdings, Inc. Anesthesiology service provider | Southeast | Health Care Services | |||
| United Digestive MSO Parent, LLC Gastroenterology physician group | Southeast | Health Care Services | |||
| US Salt Investors, LLC and Emerald Lake Pearl Acquisition-A, L.P. Producer and packager of compressed, household, and packaged salt | Mid Atlantic | Retailing and Distribution | |||
| 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 | |||
| Verista, Inc. Provides systems consulting for compliance, automation, validation, and packaging solutions to the healthcare sector | Midwest | Pharmaceuticals, Biotechnology & Life Sciences | |||
| 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 | |||
| Viant Medical Holdings, Inc. Manufacturer of plastic and rubber components for health care equipment | West | 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 Environmental Solutions, LLC Provider of commercial and industrial waste processing and disposal services | Midwest | Commercial & Professional Services | |||
| VPP Intermediate Holdings, LLC and VPP Group Holdings, L.P. Veterinary hospital operator | Mid Atlantic | Health Care Services | |||
| VPROP Operating, LLC and V SandCo, 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 | |||
| WA Asset Management, LLC Wealth management and financial planning firm | Southeast | Diversified Financials | |||
| Walnut Parent, Inc. Manufacturer of natural solution pest and animal control products | Mid Atlantic | Household & Personal Products | |||
| Wand Newco 3, Inc. Collision repair company | Midwest | Automobiles & Components | |||
| Wash Encore Holdings, LLC Provider of outsourced healthcare linen management solutions | West | Commercial & Professional Services | |||
| Watchfire Enterprises, Inc. Manufacturer of LED electronic message centers and digital billboards | Midwest | Technology Hardware & Equipment | |||
| Watermill Express, LLC and Watermill Express Holdings, LLC Owner and operator of self-service water and ice stations | West | Food & Beverage | |||
| WebPT, Inc. Electronic medical record software provider | West | Software & Services | |||
| Wellness AcquisitionCo, Inc. Provider of retail consumer insights and analytics for manufacturers and retailers in the natural, organic and specialty products industry | Midwest | Software & Services | |||
| Wildcat BuyerCo, Inc. and Wildcat Parent, LP Provider and supplier of electrical components for commercial and industrial applications | Southeast | Technology Hardware & Equipment | |||
| Winebow Holdings, Inc. and The Vintner Group, Inc. Importer and distributor of wine | Mid Atlantic | Food & Beverage | |||
| WorkWave Intermediate II, LLC Provider of cloud-based field services and fleet management solutions | Mid Atlantic | Software & Services | |||
| WP CPP Holdings, LLC Manufacturer of highly engineered castings and machined components primarily for the commercial aerospace, defense, and power generation market | Midwest | Capital Goods | |||
| WSHP FC Acquisition LLC Provider of biospecimen products for pharma research | Midwest | Health Care Services |
*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.