Predict your next investment

Debt & Specialty Finance
arescapitalcorp.com

See what CB Insights has to offer

Investments

28

Portfolio Exits

10

Funds

5

Partners & Customers

1

About Ares Capital Corporation

Ares Capital Corporation (NASDAQ:ARCC) is a specialty finance company that provides one-stop debt and equity financing solutions to U.S. middle-market companies, venture capital backed businesses, and power generation projects. Ares Capital originates and invests in senior secured loans, mezzanine debt and, to a lesser extent, equity investments through its national direct origination platform. Ares Capital's investment objective is to generate both current income and capital appreciation through debt and equity investments primarily in private companies.

Ares Capital Corporation Headquarter Location

245 Park Avenue 44th Floor

New York, New York, 10167,

United States

212-750-7300

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Ares Capital Corporation News

Global Equities Offer Yields up to 8%

Aug 8, 2022

August 8, 2022 (Investorideas.com Newswire) Expert Adrian Day reviews results and developments from some of his favorite non-resource companies. He believes all three are solid dividend payers, and for investors seeking income attractive buys. Nestle SA (NESN:VX; NSRGY:OTC) reported a strong first half with broad-based organic growth of over 8% across most regions and categories. Although costs increased-food, fuel, and transportation being their largest cost components-they were able to pass on most costs with sticky price increases. Overall, the operating margin at just under 17% declined by 50- basis points, but the company is looking for that new level to be maintained for the rest of the year. Once again, pet care led with the strongest growth, while coffee, a major category worldwide for Nestle, grew in a high single-digit rate. Most regions grew nicely, with the greater China region a laggard due to the renewed lockdowns. Consistency Reigns at Nestle Nestle is a very strong company that executes well across over 100 countries; it has a good balance sheet (although debt has increased, it retains almost Sfr40 billion of shares in L'Oreal). The company repurchased Sfr 6.9 billion of shares in the first half, a strong start to a three-year, Sfr 20 billion program. The stock has rallied from Sfr106 in mid-June, with a current yield of 2.4%. Although we regard Nestle as a core holding, one that has seen consistent annual cash flow growth, and a dividend that has increased every year for the past quarter of a century, it is trading at the upper end of its valuation history, and though we are satisfied holders, we would wait to buy. Hutchison Is Subject to China Jitters Hutchison Port Holdings Trust (HPHT:Singapore) saw earnings-per-unit fall by nearly 7% in the first half, despite increased revenues. In the first half, Hong Kong saw lower volumes, and though some ports in China also had lower volumes-particularly Shanghai-others compensated; total China throughput fell by less than 1%. Towards the end of the quarter and more so since Chinese ports throughput has picked up significantly. Although this trend will likely continue, absent a deepening of U.S.-China trade tensions, costs are also likely to continue to increase, largely because of fuel costs but also renewed covid measures which reduce productivity at ports. It should be noted that global port congestion is not necessarily a negative for Hutchison which benefits from higher storage fees for containers stuck in port. The most significant risk for Hutchison would be a significant deterioration in trade between China and the U.S., as well as a general slowdown in the global economy. The contretemps over House Speaker Pelosi's visit to Taiwan has hurt the stock, but presents us with an opportunity. It is trading at a single-digit price-to-earnings multiple, and yields over 8%. The 1H distribution was held at last year's rate, while the 2H distribution is normally the larger of the two. Buy HPHT for income. Ares Is in a Strong Position Ares Capital Corp. (ARCC:NASDAQ) reported a strong quarter, with earnings-per-share above analyst expectations, while the company provided a positive outlook on widening spreads amid market volatility. Most of Ares' loans are floating rate, while most of its debt is a fixed rate. Book value declined modestly, as expected. Following the quarter-as often happens if the quarter was positive-the company did a public offering, of eight million shares, with the proceeds to be used to repay some debt. Trading a tad above book at 10 times earnings, it is yielding 8.7% (excluding occasional small special distributions). The stock has rallied from $17 in mid-June. It is a strong hold, but we would wait to buy more. TOP BUYS NOW in addition to the above, include Osisko Gold Royalties Ltd. (OR:TSX; OR:NYSE); Midland Exploration Inc. (MD:TSX.V); Franco-Nevada Corp. (FNV:TSX; FNV:NYSE); Royal Gold Inc. (RGLD:NASDAQ; RGL:TSX); Barrick Gold Corp. (ABX:TSX; GOLD:NYSE); and Agnico Eagle Mines Ltd. (AEM:TSX; AEM:NYSE). Adrian Day's Disclosures Adrian Day's Global Analyst is distributed for $990 per year by Investment Consultants International, Ltd., P.O. Box 6644, Annapolis, MD 21401. (410) 224-8885. www.AdrianDayGlobalAnalyst.com. Publisher: Adrian Day. Owner: Investment Consultants International, Ltd. Staff may have positions in securities discussed herein. Adrian Day is also President of Global Strategic Management (GSM), a registered investment advisor, and a separate company from this service. In his capacity as GSM president, Adrian Day may be buying or selling for clients securities recommended herein concurrently, before or after recommendations herein, and may be acting for clients in a manner contrary to recommendations herein. This is not a solicitation for GSM. Views herein are the editor's opinion and not fact. All information is believed to be correct, but its accuracy cannot be guaranteed. The owner and editor are not responsible for errors and omissions. © 2022. Adrian Day's Global Analyst. Information and advice herein are intended purely for the subscriber's own account. Under no circumstances may any part of a Global Analyst e-mail be copied or distributed without prior written permission of the editor. Given the nature of this service, we will pursue any violations aggressively. Disclosures 1) Adrian Day: I, or members of my immediate household or family, own securities of the following companies mentioned in this article: All. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company has a financial relationship with the following companies mentioned in this article: None. Funds controlled by Adrian Day Asset Management, which is unaffiliated with Adrian Day's newsletter, hold shares of the following companies mentioned in this article: All. I determined which companies would be included in this article based on my research and understanding of the sector. 2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. 3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. 4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services, or securities of any company mentioned on Streetwise Reports. 5) From time to time, Streetwise Reports LLC and its directors, officers, employees, or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in the securities mentioned. Directors, officers, employees, or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company release. More Info: This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Ares Capital Corporation Investments

28 Investments

Ares Capital Corporation has made 28 investments. Their latest investment was in Faraday Future as part of their Debt - II on March 3, 2021.

CBI Logo

Ares Capital Corporation Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/26/2021

Debt - II

Faraday Future

$100M

Yes

13

2/21/2021

Series D

Professional Fighters League

$65M

Yes

5

2/5/2020

Line of Credit

Southern Management Corporation

$350M

Yes

3

10/31/2019

Loan

Subscribe to see more

$99M

Subscribe to see more

10

12/17/2018

Debt - II

Subscribe to see more

Subscribe to see more

10

Date

3/26/2021

2/21/2021

2/5/2020

10/31/2019

12/17/2018

Round

Debt - II

Series D

Line of Credit

Loan

Debt - II

Company

Faraday Future

Professional Fighters League

Southern Management Corporation

Subscribe to see more

Subscribe to see more

Amount

$100M

$65M

$350M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

13

5

3

10

10

Ares Capital Corporation Portfolio Exits

10 Portfolio Exits

Ares Capital Corporation has 10 portfolio exits. Their latest portfolio exit was Faraday Future on July 22, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/22/2021

Reverse Merger

$99M

14

5/17/2021

Acq - Fin

$99M

5

4/12/2021

Acquired

$99M

7

9/24/2019

IPO

Subscribe to see more

$99M

Subscribe to see more

10

8/8/2019

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

Date

7/22/2021

5/17/2021

4/12/2021

9/24/2019

8/8/2019

Exit

Reverse Merger

Acq - Fin

Acquired

IPO

Acquired

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Sources

14

5

7

10

10

Ares Capital Corporation Acquisitions

2 Acquisitions

Ares Capital Corporation acquired 2 companies. Their latest acquisition was American Capital on January 03, 2017.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

1/3/2017

$99M

Acq - P2P

4

10/26/2009

Subscribe to see more

$99M

Subscribe to see more

10

Date

1/3/2017

10/26/2009

Investment Stage

Companies

Subscribe to see more

Valuation

$99M

$99M

Total Funding

Note

Acq - P2P

Subscribe to see more

Sources

4

10

Ares Capital Corporation Fund History

5 Fund Histories

Ares Capital Corporation has 5 funds, including Ares ICOF III Fund (Cayman).

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/29/2016

Ares ICOF III Fund (Cayman)

$52.96M

1

11/29/2016

Ares ICOF III Fund (Delaware)

$99M

10

11/21/2016

Ares Energy Investors Feeder Fund V

$99M

10

11/21/2016

Ares Energy Investors Fund V

$99M

10

6/10/2016

Ares Capital Europe III

$99M

10

Closing Date

11/29/2016

11/29/2016

11/21/2016

11/21/2016

6/10/2016

Fund

Ares ICOF III Fund (Cayman)

Ares ICOF III Fund (Delaware)

Ares Energy Investors Feeder Fund V

Ares Energy Investors Fund V

Ares Capital Europe III

Fund Type

Status

Amount

$52.96M

$99M

$99M

$99M

$99M

Sources

1

10

10

10

10

Ares Capital Corporation Partners & Customers

1 Partners and customers

Ares Capital Corporation has 1 strategic partners and customers. Ares Capital Corporation recently partnered with Varagon Capital Partners on June 6, 2015.

Date

Type

Business Partner

Country

News Snippet

Sources

6/17/2015

Partner

United States

Ares Capital Corporation and Varagon Capital Partners Forming New Strategic Partnership for Senior Loans with AIG as Anchor Investor

Varagon 's new relationship with Ares Capital Corporation and our partnership with Varagon will provide AIG with direct access to the best middle-market lending opportunities , '' said Brian T. Schreiber , Executive Vice President and Chief Strategy Officer , AIG , and a member of Varagon .

4

Date

6/17/2015

Type

Partner

Business Partner

Country

United States

News Snippet

Ares Capital Corporation and Varagon Capital Partners Forming New Strategic Partnership for Senior Loans with AIG as Anchor Investor

Varagon 's new relationship with Ares Capital Corporation and our partnership with Varagon will provide AIG with direct access to the best middle-market lending opportunities , '' said Brian T. Schreiber , Executive Vice President and Chief Strategy Officer , AIG , and a member of Varagon .

Sources

4

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.