
Ares Capital Corporation
ARCC · NASDAQ · Financial Services / Asset Management
Price History
Full chartMarket Stats
About
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 Details
- SectorFinancial Services
- IndustryAsset Management
- CEOMr. Kort Schnabel
- Employees0
- Headquarters1800 Avenue of the Stars, Los Angeles, CA, United States, 90067-4733, USA
- Websitehttps://arcc.ares.com
Leadership
- Mr. Mitchell Scott Goldstein CPACo-Chairman, Partner & Co-Head of Ares Credit Group · b. 1967
- Mr. Michael Lewis SmithCo-Chairman of Board of Directors & Co-Head of Ares Credit Group · b. 1971
- Mr. Michael J. AroughetiExecutive VP & Director · b. 1972
- Mr. Kort SchnabelCEO & Co-Head of U.S. Direct Lending · b. 1977
- Mr. James MillerPresident & Co-Head of U.S. Direct Lending · b. 1977
- Mr. Bennett RosenthalCo-Founder, Director, Partner & Chairman of Private Equity Group · b. 1963
- Mr. Scott C. LemCFO & Treasurer · b. 1978
- Ms. Jana MarkowiczChief Operating Officer · b. 1981
- Mr. Won Jae ChoChief Accounting Officer · b. 1983
- Mr. John W. StilmarPartner & Co-Head of Public Markets Investor Relations
Financials
Income Statement
Balance Sheet
Cash Flow
Earnings
Key Statistics & Ratios
Analyst Ratings
- Strong Buy7
- Buy4
- Hold2
Ownership Breakdown
- Institutions
- 36.09%
- Insiders
- 0.56%
- Retail / Other
- 63.35%
Top Institutional Holders
- Morgan Stanley - Brokerage Accounts16.35M2.28%
- UBS Group AG14.32M1.99%
- Van Eck Associates Corporation10.89M1.52%
- STRS OHIO10.50M1.46%
- Bank of America Corp9.14M1.27%
- JPMorgan Chase & Co7.69M1.07%
- Generali Asset Management SPA SGR7.55M1.05%
- Legal & General Group PLC5.98M0.83%
- Two Sigma Investments LLC5.89M0.82%
- Wells Fargo & Co4.49M0.62%
- LPL Financial Corp4.04M0.56%
- Ameriprise Financial Inc3.78M0.53%
- HighTower Advisors, LLC3.53M0.49%
- Advisors Capital Management, LLC3.41M0.47%
- Confluence Investment Management LLC3.37M0.47%
- Evercore Wealth Management, LLC3.12M0.43%
- Omers Administration Corp2.83M0.39%
- Ares Management LLC2.78M0.39%
- Sound Income Strategies2.77M0.39%
Top Fund Holders
- VanEck BDC Income ETF12.23M1.70%