Ares Capital Corporation
FundsDebt Fund

Ares Capital Corporation

Managed by Ares Management

Ares Capital Corporation

Ares Management logo

Managed by

Ares Management
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Ares Capital Corporation banner
Ares Capital Corporation is a publicly traded BDC focused on middle-market debt and credit investments.

Key Statistics

Fund Size

$27,900M

Target Return

N/A

Annualized Return

13.0%

Launch Year

2004

Min. Investment

N/A

Availability

N/A

Structure

BDC

Product Category

Publicly listed

Domicile

United States

GP Type

Single

Liquidity Level

High (<1 year)

Management Fee

1.5%

Carry

20%

Hurdle Rate

7%

High Water Mark

No

Catch-Up Mechanism

100% catch-up

Ticker

ARCC

CUSIP

04010L103

Currencies

USD

Investor Eligibility

Retail

Liquidity Options

Public market trading

Highlights

Largest publicly traded BDC
~13% annualized return since IPO
Over $27.9B in total investments13

US Fund Metrics

NAV per Share

$19.90

Market Price

$19.51

Discount/Premium

-1.96%

At discount

Market Yield

9.84%

Expense Ratio

1.50%

Distribution Frequency

Quarterly

Redemption Notice

N/A - publicly traded

Tax Form

1099-DIV

Liquidity Terms

Publicly traded on NASDAQ - standard stock market liquidity, no redemption restrictions

Allocations

Investment Strategy

First Lien Senior Secured Loans (including unitranche structures)
Second Lien Senior Secured Loans
Mezzanine Debt
Subordinated Debt
Private High Yield
Junior Capital
Preferred and Common Equity
Leveraged Buyout Transactions
Acquisition
Recapitalization
Restructurings
Rescue Financing
Growth Capital

Industry Focus

Health Care Equipment and Services
Software & Services
Commercial & Professional Services
Business Services
Consumer Products and Services
Insurance
Financial Services
Information Technology Services
Manufacturing
Consumer Distribution and Retail
Capital Goods
Sports Media and Entertainment
Pharmaceuticals Biotechnology & Life Sciences
Food & Beverage

Performance Summary

Performance: 2024-01-01 to 2025-06-30

Common Stock (ARCC) — Performance from 2024-01-01 to 2025-06-30

Performance Comparison

Year to Date

2.21%

1-Year Return

10.54%

3-Year Return

12.46%

5-Year Return

18.86%

Annual Total Returns

YearTotal Return
20252.21%
202419.78%
202320.03%
2022-3.84%
202136.13%
20200.85%

Quarterly NAV Per Share

YearQ1 (Mar)Q2 (Jun)Q3 (Sep)Q4 (Dec)
2025$19.82$19.90
2024$19.53$19.61$19.77$19.89
Past performance does not predict future returns. ARCC is a publicly traded Business Development Company (BDC) on NASDAQ. Its performance includes both stock price appreciation and dividend distributions. Monthly granular performance data similar to private funds is not typically disclosed for public BDCs. The data represents total returns including reinvested dividends and quarterly NAV per share figures from SEC filings.

Information about fund

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.

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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.

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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)

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