Ares Capital Corporation (ARCC)
ARCC · NASDAQ
New York, NY | NASDAQ:ARCC
Overview
Ares Capital Corporation is one of the largest and most diversified publicly traded business development companies. The company provides senior secured loans, mezzanine debt, and equity investments to middle-market companies across a range of industries. With a portfolio of over $20 billion and a track record dating back to 2004, ARCC is widely considered the bellwether BDC.
Key Metrics
| Metric | Value |
|---|---|
| 1-Year Total Return | 15.4% |
| 3-Year Total Return | 41.2% |
| 5-Year Total Return | 58.7% |
| Expense Ratio | 8.5% |
| Leverage Ratio | 1.28x |
| Portfolio Companies | 200 |
| Total Assets | $23.5B |
Investment Strategy
Ares Capital Corporation focuses on senior secured loans, mezzanine debt in the technology, healthcare, business services sectors. The company targets middle-market companies and maintains a portfolio of 200 investments totaling $23.5B in assets.
Management
CEO: Kipp deVeer | Employees: 325
Suitability
ARCC is suitable for income-focused investors seeking quarterly dividend income with a 9.2% yield. The BDC's focus on senior secured loans provides portfolio characteristics. Investors should consider their risk tolerance and investment objectives before investing.