Ares Capital Corporation (NASDAQ: ARCC) is a specialty finance company that provides one-stop solutions to meet the distinct and under served financing needs of private middle-market companies across diverse industries. The firm invests 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, the firm also make equity investments.The firm seeks current income and capital appreciation through debt and equity investments. It also seeks to originate investments in market-leading companies with a history of stable cash flows, proven competitive advantages and experienced management teams. ARCC 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. Its strategy is to maximize risk-adjusted returns throughout economic cycles.As of September 30, 2017, the firm's portfolio had a fair value of approximately $12 billion and consisted of 325 portfolio companies backed by 172 different private equity sponsors. ARCC is a closed-end, non-diversified management investment company that has elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940 and the rules and regulations promulgated there under.ARCC is externally managed by Ares Capital Management LLC, a subsidiary of Ares Management, L.P. (NYSE:ARES) (""Ares""), a publicly traded, leading global alternative asset manager. It leverages off of the Ares platform, benefiting from its relationships, infrastructure, industry research, reputation and significant multi-asset class management expertise.As of January 2017, ARCC closed its acquisition of American Capital, Ltd. (NASDAQ: ACAS), enhancing the firm's position as a direct lender to U.S. middle market companies.
Mezzanine
New York, NY
US
1 funds found in our dataset.
Built for investment teams that need to move faster.
Intelligently process data room financials, generate auditable analyses, and export IC-ready deliverables.
You might also be interested in