(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, 2022, 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 equity and subordinated loan investments in IHAM
(4) Includes ARCC's investment in the SDLP, which represented 5.3% of the total investment portfolio at fair value as of September 30, 2022.
Portfolio of Investments
|Company/Description||Region||Senior Secured Loan*||Senior Subordinated||Equity/Other||Industry|
|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
|WSHP FC Acquisition LLC and WSHP FC Holdings LLC|
Provider of biospecimen products for pharma research
|Midwest||Health Care Services|
|XIFIN, Inc. and ACP Charger Co-Invest LLC|
Revenue cycle management provider to labs
|West||Commercial & Professional Services|
|YE Brands Holdings, LLC|
Sports camp operator
|ZB Holdco LLC & ZB Parent LLC|
Distributor of Mediterranean food and beverages
|Midwest||Food & Staples Retailing|
*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.