Ares Capital Corporation (ARCC)

About Ares Capital Corporation

Ares Capital Corporation is a business development company specializing in growth capital, acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in sports, media & entertainment, industrials & business services, infrastructure & power, financial institution groups, software & technology, specialty healthcare, consumer, retail & services, energy and the basic and growth manufacturing, consumer products, health care products, and information technology service sectors. The fund will also consider investments in industries such as restaurants, retail, oil and gas, and technology sectors. It invests in the United States based companies. It focuses on investments in Northeast, Mid-Atlantic, Southeast and Southwest regions from its New York office, the Midwest region, from the Chicago office, and the Western region from the Los Angeles office. The fund typically invests between $30 million and $500 million, in companies with an EBITDA between $10 million and $250 million. It makes debt investments between $10 million and $100 million The fund invests through revolvers, first lien loans, warrants, unitranche structures, second lien loans, mezzanine debt, private high yield, junior capital, subordinated debt, and non-control preferred and common equity. The fund also selectively considers third-party-led senior and subordinated debt financings and opportunistically considers the purchase of stressed and discounted debt positions. The fund prefers to be an agent and/or lead the transactions in which it invests. The fund also seeks board representation in its portfolio companies.

Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.

Super investor ownership

6 of the funds we track reported a position in their latest SEC 13F filing. Largest first:

• Two Sigma, TWO SIGMA INVESTMENTS, LP$109.07M · 0.1% of book
• D. E. Shaw, D. E. Shaw & Co., Inc.$13.57M · 0.0% of book
• Israel Englander, MILLENNIUM MANAGEMENT LLC$2.63M · 0.0% of book
• Cliff Asness, AQR CAPITAL MANAGEMENT LLC$1.80M · 0.0% of book
• Marshall Wace, MARSHALL WACE, LLP$1.77M · 0.0% of book

A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.

Politician trades in ARCC

We hold 7 disclosed trades in ARCC by members of Congress and executive-branch officials. The latest 5:

• Pete Sessions · HouseSell · $1,001 - $15,000 · traded 24 Jul 2026 · disclosed 24 Jul 2026
• Donald J Trump · Executive branchBuy · $15,001 - $50,000 · traded 15 May 2026 · disclosed 1 Jul 2026
• Debbie Dingell · HouseBuy · $15,001 - $50,000 · traded 3 Mar 2023 · disclosed 8 Mar 2023
• Alan S. Lowenthal · HouseBuy · $1,001 - $15,000 · traded 9 Sept 2019 · disclosed 21 Sept 2019
• Alan S. Lowenthal · HouseSell · $1,001 - $15,000 · traded 28 Aug 2019 · disclosed 21 Sept 2019

A disclosure reports a value band, not an amount, and is due up to 45 days after the trade; some arrive later. Every filer we track, each with their own page, is on the Congress trading tracker.

Common questions