ARES CAPITAL CORP

Ares Capital Corporation is a business development company (BDC) that provides debt and equity financing to middle-market companies across the United States. The firm specializes in supporting growth capital, acquisitions, recapitalizations, leveraged buyouts, and restructuring transactions. It structures investments through multiple instruments including first and second lien loans, mezzanine debt, unitranche facilities, warrants, and common or preferred equity, typically maintaining agent or lead roles in transactions and seeking board representation in portfolio companies.

The company targets companies with EBITDA between $10 million and $250 million, deploying individual debt and equity checks ranging from $10 million to $500 million. Preferred investment sectors include basic and growth manufacturing, business services, consumer products, healthcare products and services, and information technology services, though the firm also considers restaurants, retail, oil and gas, and technology companies. The fund selectively purchases stressed and discounted debt positions and third-party-led financing opportunities.

Operationally, Ares Capital maintains four regional offices serving distinct geographic markets: its Los Angeles headquarters covers the Western region, while dedicated offices in New York, Chicago, and additional locations support the Northeast, Mid-Atlantic, Southeast, Southwest, and Midwest regions. The BDC generates revenue primarily through origination fees, yield on debt investments, and equity appreciation on portfolio holdings.