Ares Capital Corporation (NASDAQ: ARCC) is a specialty
finance company that provides one-stop solutions to meet the distinct
and underserved financing needs of private middle-market companies
across diverse industries. We invest primarily in first and second
lien loans (including unitranche loans) and mezzanine debt, which
in some cases includes an equity component like warrants. To a lesser
extent, we also make equity investments. We seek current income
and capital appreciation through our debt and equity investments.
We seek to originate investments in market-leading companies with
a history of stable cash flows, proven competitive advantages and
experienced management teams. Ares Capital seeks to serve as a lead
agent or investor in order to optimize due diligence and capital
structure as well as enable active monitoring of the investment.
Our strategy is to maximize risk-adjusted returns throughout economic
cycles. As of June 30, 2014, our portfolio had a fair value of approximately
$8.1 billion and consisted of 202 portfolio companies backed by
137 different private equity sponsors.
Ares Capital is a closed-end, non-diversified management investment
company that has elected to be regulated as a business development
company under the Investment Company Act of 1940 and the rules and
regulations promulgated thereunder. Ares Capital is externally managed
by Ares Capital Management LLC, a subsidiary of
Ares Management, L.P.,
a publicly traded, leading global alternative asset manager with
approximately $79 billion of assets under management as of June
30, 2014.(1) We leverage off of the Ares Management platform,
benefiting from its relationships, infrastructure, industry research,
reputation and significant multi-asset class management expertise.