Ares Capital Corporation (ARCC) – Leading Business Development Company with Daily Liquidity
Ares Capital Corporation (ARCC) operates as a leading Business Development Company which provides daily liquidity to its investors.
Ares Capital Corporation (ARCC) enables institutional private credit access to investors through its Business Development Company structure which operates on a daily basis.
Ares Capital Corporation (ARCC) operates as the biggest publicly traded Business Development Company in the United States which enables investors to access Ares Management's direct lending platform through a publicly traded exchange-listed vehicle. The company operates under Ares Management Corporation management which operates as a leading global alternative asset manager to provide private credit access to all investors through ARCC's public structure.
The company established in October 2004 enables investors to access daily liquidity and transparent pricing through NASDAQ trading. The company functions as a closed-end management investment company while maintaining its operational bases in New York and Los Angeles. The company generates income and growth of capital through its investments in private middle-market businesses operating in the United States and specific international markets.
The company invests in first lien senior secured loans and second lien loans and mezzanine debt and subordinated debt and equity investments. The company maintains a $27.9 billion portfolio which includes 566 portfolio companies operating in healthcare and software and financial services and business services and manufacturing sectors and its existing assets.
Investors can purchase and sell shares of the company on NASDAQ during market hours without facing any redemption limitations or penalties. Investors can make immediate market-based transactions to enter or exit their positions. The stock experiences high daily trading volume of 9.52 million shares which ensures excellent market liquidity.
The company distributes its quarterly dividend payments to investors at a rate of $0.48 per share. The company has maintained stable or rising dividend payments for more than 64 consecutive quarters. The annual dividend payment of $1.92 generates a market yield of 9.84% for investors.
The entry point for ARCC investment requires only one share purchase at its current market price of $19.51 which makes it available to all investors. The investment process does not need any special qualifications because standard brokerage accounts allow all investors to buy shares.
The company imposes a 1.5% annual management fee and a 20% incentive fee on income exceeding 5% and a 20% capital gains fee. The fee structure of the company follows institutional BDC standards to establish investment alignment between Ares and its shareholders.
The company achieved $13.76 billion in market capitalization during October 2025 while maintaining its position as the largest publicly traded BDC. The U.S. public market allows investors to access ARCC as the leading business development company through daily trading.
The publicly traded structure of ARCC enables modern investors to access private credit markets. The company enables institutional-grade private market access through its diversified portfolio and liquid trading system while Ares Management's extensive platform generates income and long-term capital appreciation for investors.
Additional Fund Details
Ticker Symbol
ARCC
Exchange
NASDAQ
IPO Date
October 8, 2004
Fund Size
$13.76 billion
(October 2025)
Share Classes
Common Stock
Liquidity
Daily NASDAQ trading
Dividend Frequency
Quarterly
Current Dividend
$0.48 per quarter
Dividend Yield
9.84%
Management Fee
1.5% annually
20-Year CAGR
12.20%
(2004-2025)







