ARES CAPITAL CORP

Ares Capital Corporation is a specialty finance company operating as a closed-end, non-diversified management investment company regulated as a business development company. Externally managed by Ares Capital Management, an affiliate of Ares Management Corporation, the firm focuses on generating current income and capital appreciation. It provides customized financing solutions primarily to middle-market corporate borrowers, typically defined as businesses with annual earnings before interest, taxes, depreciation, and amortization between $10 million and $250 million. The company's principal offerings consist of first lien senior secured loans—including unitranche structures—as well as second lien senior secured loans, subordinated debt instruments, preferred equity, and occasional minority common equity stakes.

Geographically, the firm targets investments primarily within the United States, distributing capital across the Midwest, Western, Southeastern, Mid-Atlantic, and Northeastern regions, alongside a modest allocation to international holdings. The portfolio spans more than 55 industries, led by significant exposure to software and services, financial services, and healthcare equipment and services. Incorporated under Maryland law, the entity is supported by an advisory team of approximately 230 U.S.-based investment professionals. The provided text does not state the city or location of its headquarters.

Summary of the business section of Ares Capital's latest annual report, written by StockData.

“As of December 31, 2025, Ares had over 4,250 employees in over 55 offices in more than 25 countries.”