10-Q – 2026-07-29 – arcc-20260630.htm

secured loan 2025-12-31 0001287750 Mari Miami II LLC and South Florida Tennis, LLC, Common units 2025-12-31 0001287750 arcc:MariMiamiIILLCAndSouthFloridaTennisLLCMember 2025-12-31 0001287750 Miami Beckham United LLC, Class A preferred units 2025-12-31 0001287750 Miami Beckham United LLC, Class B preferred units 2025-12-31 0001287750 arcc:MiamiBeckhamUnitedLLCMember 2025-12-31 0001287750 Production Resource Group, L.L.C. and PRG III, LLC, First lien senior secured loan 1 2025-12-31 0001287750 Production Resource Group, L.L.C. and PRG III, LLC, First lien senior secured loan 2 2025-12-31 0001287750 Production Resource Group, L.L.C. and PRG III, LLC, Membership interest 2025-12-31 0001287750 arcc:ProductionResourceGroupL.L.C.AndPRGIIILLCMember 2025-12-31 0001287750 Professional Fighters League, LLC and PFL MMA, Inc., First lien senior secured loan 2025-12-31 0001287750 Professional Fighters League, LLC and PFL MMA, Inc., Second lien senior secured loan 2025-12-31 0001287750 Professional Fighters League, LLC and PFL MMA, Inc., Series E preferred stock 2025-12-31 0001287750 Professional Fighters League, LLC and PFL MMA, Inc., Warrant to purchase shares of common stock 2025-12-31 0001287750 Professional Fighters League, LLC and PFL MMA, Inc., Warrant to purchase shares of common stock 1 2025-12-31 0001287750 arcc:ProfessionalFightersLeagueLLCAndPFLMMAInc.Member 2025-12-31 0001287750 Propagate Content LLC, Preferred equity 2025-12-31 0001287750 Sandlot Action Sports, LLC., Common units 2025-12-31 0001287750 Shout! Factory, LLC First lien senior secured revolving loan 2025-12-31 0001287750 Shout! Factory, LLC First lien senior secured loan 2025-12-31 0001287750 arcc:ShoutFactoryLLCMember 2025-12-31 0001287750 South Florida Motorsports, LLC, Class A common interest 2025-12-31 0001287750 Storm Investment S.a.r.l., First lien senior secured loan 2025-12-31 0001287750 Storm Investment S.a.r.l., Class A redeemable shares 2025-12-31 0001287750 Storm Investment S.a.r.l., Class B redeemable shares 2025-12-31 0001287750 Storm Investment S.a.r.l., Class C redeemable shares 2025-12-31 0001287750 Storm Investment S.a.r.l., Class D redeemable shares 2025-12-31 0001287750 Storm Investment S.a.r.l., Class E redeemable shares 2025-12-31 0001287750 Storm Investment S.a.r.l., Class F redeemable shares 2025-12-31 0001287750 Storm Investment S.a.r.l., Class G redeemable shares 2025-12-31 0001287750 Storm Investment S.a.r.l., Class H redeemable shares 2025-12-31 0001287750 Storm Investment S.a.r.l., Class I redeemable shares 2025-12-31 0001287750 Storm Investment S.a.r.l., Ordinary shares 2025-12-31 0001287750 arcc:StormInvestmentS.a.r.l.AndAtleticoHoldcoS.L.Member 2025-12-31 0001287750 The Teaching Company Holdings, Inc., Preferred stock 2025-12-31 0001287750 The Teaching Company Holdings, Inc., Common stock 2025-12-31 0001287750 arcc:TheTeachingCompanyHoldingsIncMember 2025-12-31 0001287750 WRE Sports Investments LLC., First lien senior secured loan 2025-12-31 0001287750 arcc:SportsMediaAndEntertainmentMember 2025-12-31 0001287750 ACAS Equity Holdings Corporation, Common stock 2025-12-31 0001287750 Constellation Wealth Capital Fund, L.P.,Limited partner interests 2025-12-31 0001287750 CREST Exeter Street Solar 2004-1, Preferred shares 2025-12-31 0001287750 CWC Fund I Co-Invest (ALTI) LP, Limited partnership interest 2025-12-31 0001287750 European Capital UK SME Debt LP, Limited partnership interest 2025-12-31 0001287750 HCI Equity, LLC, Member interest 2025-12-31 0001287750 Linden Structured Capital Fund II-A LP., Limited partnership interest 2025-12-31 0001287750 Partnership Capital Growth Investors III, L.P., Limited partnership interest 2025-12-31 0001287750 PCG-Ares Sidecar Investment II, L.P., Limited partnership interest 2025-12-31 0001287750 PCG-Ares Sidecar Investment, L.P., Limited partnership interest 2025-12-31 0001287750 Piper Jaffray Merchant Banking Fund I, L.P., Limited partnership interest 2025-12-31 0001287750 Senior Direct Lending Program, LLC, Subordinated certificates 2025-12-31 0001287750 Senior Direct Lending Program, LLC ,Membership interest 2025-12-31 0001287750 arcc:SeniorDirectLendingProgramLLCMember 2025-12-31 0001287750 arcc:InvestmentFundsAndVehiclesMember 2025-12-31 0001287750 Abzena Holdings, Inc. and Astro Group Holdings Ltd., Class A ordinary shares 2025-12-31 0001287750 Alcami Corporation and ACM Note Holdings, LLC, First lien senior secured revolving loan 2025-12-31 0001287750 Alcami Corporation and ACM Note Holdings, LLC, First lien senior secured loan 2025-12-31 0001287750 Alcami Corporation and ACM Note Holdings, LLC, Senior subordinated loan 2025-12-31 0001287750 arcc:AlcamiCorporationAndACMHoldingsILLCMember 2025-12-31 0001287750 Artemis BidCo 2 LLC, First lien senior secured loan 2025-12-31 0001287750 Bamboo US BidCo LLC, First lien senior secured revolving loan 2025-12-31 0001287750 Bamboo US BidCo LLC, First lien senior secured loan 1 2025-12-31 0001287750 Bamboo US BidCo LLC, First lien senior secured loan 2 2025-12-31 0001287750 Bamboo US BidCo LLC, First lien senior secured loan 3 2025-12-31 0001287750 arcc:BambooUSBidCoLLCMember 2025-12-31 0001287750 Cobalt Buyer Sub, Inc., Cobalt Holdings I, LP, and Cobalt Intermediate I, Inc., First lien senior secured revolving loan 2025-12-31 0001287750 Cobalt Buyer Sub, Inc., Cobalt Holdings I, LP, and Cobalt Intermediate I, Inc., First lien senior secured loan 2025-12-31 0001287750 Cobalt Buyer Sub, Inc., Cobalt Holdings I, LP, and Cobalt Intermediate I, Inc., First lien senior secured loan 1 2025-12-31 0001287750 Cobalt Buyer Sub, Inc., Cobalt Holdings I, LP, and Cobalt Intermediate I, Inc., First lien senior secured loan 2 2025-12-31 0001287750 Cobalt Buyer Sub, Inc., Cobalt Holdings I, LP, and Cobalt Intermediate I, Inc., Preferred units 2025-12-31 0001287750 Cobalt Buyer Sub, Inc., Cobalt Holdings I, LP, and Cobalt Intermediate I, Inc., Series A preferred shares 2025-12-31 0001287750 Cobalt Buyer Sub, Inc., Cobalt Holdings I, LP, and Cobalt Intermediate I, Inc., Class A common units 2025-12-31 0001287750 arcc:CobaltBuyerSubIncCobaltHoldingsILPAndCobaltIntermediateIIncMember 2025-12-31 0001287750 CoreRx, Inc., First lien senior secured loan 2025-12-31 0001287750 CCreek Parent, Inc. and Creek Feeder, L.P., First lien senior secured revolving loan 2025-12-31 0001287750 CCreek Parent, Inc. and Creek Feeder, L.P., First lien senior secured loan 2025-12-31 0001287750 Creek Parent, Inc. and Creek Feeder, L.P., Limited partnership interest 2025-12-31 0001287750 arcc:CreekParentInc.AndCreekFeederL.P.Member 2025-12-31 0001287750 Gula Buyer Inc. and Gula Co-Invest II, L.P., First lien senior secured loan 2025-12-31 0001287750 Gula Buyer Inc. and Gula Co-Invest II, L.P., Common units 2025-12-31 0001287750 arcc:GulaBuyerInc.AndGulaCoInvestIIL.P.Member 2025-12-31 0001287750 Moderna, Inc., First lien senior secured loan 2025-12-31 0001287750 NMC Skincare Intermediate Holdings II, LLC, First lien senior secured revolving loan 2025-12-31 0001287750 NMC Skincare Intermediate Holdings II, LLC, First lien senior secured revolving loan 1 2025-12-31 0001287750 NMC Skincare Intermediate Holdings II, LLC, First lien senior secured loan 2025-12-31 0001287750 NMC Skincare Intermediate Holdings II, LLC, First lien senior secured loan 1 2025-12-31 0001287750 arcc:NMCSkincareIntermediateHoldingsIILLCMember 2025-12-31 0001287750 North American Science Associates, LLC, Cardinal Purchaser LLC and Cardinal Topco Holdings, L.P., First lien senior secured revolving loan 2025-12-31 0001287750 North American Science Associates, LLC, Cardinal Purchaser LLC and Cardinal Topco Holdings, L.P., First lien senior secured loan 2025-12-31 0001287750 North American Science Associates, LLC, Cardinal Purchaser LLC and Cardinal Topco Holdings, L.P., First lien senior secured loan 1 2025-12-31 0001287750 North American Science Associates, LLC, Cardinal Purchaser LLC and Cardinal Topco Holdings, L.P., First lien senior secured loan 2 2025-12-31 0001287750 North American Science Associates, LLC, Cardinal Purchaser LLC and Cardinal Topco Holdings, L.P., First lien senior secured loan 3 2025-12-31 0001287750 North American Science Associates, LLC, Cardinal Purchaser LLC and Cardinal Topco Holdings, L.P., Senior subordinated loan 2025-12-31 0001287750 North American Science Associates, LLC, Cardinal Purchaser LLC and Cardinal Topco Holdings, L.P., Class A preferred units 2025-12-31 0001287750 arcc:NorthAmericanScienceAssociatesLLCCardinalPurchaserLLCAndCardinalTopcoHoldingsLPMember 2025-12-31 0001287750 Verista, Inc., First lien senior secured revolving loan 2025-12-31 0001287750 WCI-BXC Purchaser, LLC and WCI-BXC Investment Holdings, L.P., Limited partnership interest 2025-12-31 0001287750 arcc:PharmaceuticalsBiotechnologyAndLifeSciencesMember 2025-12-31 0001287750 Adonis Acquisition Holdings LLC and Adonis Acquisition Holdings Parent LLC, First lien senior secured loan 2025-12-31 0001287750 Adonis Acquisition Holdings LLC and Adonis Acquisition Holdings Parent LLC, First lien senior secured loan 1 2025-12-31 0001287750 Adonis Acquisition Holdings LLC and Adonis Acquisition Holdings Parent LLC, Common units 2025-12-31 0001287750 arcc:AdonisAcquisitionHoldingsLLCAndAdonisAcquisitionHoldingsParentLLCMember 2025-12-31 0001287750 AP Adhesives Holdings, LLC, First lien senior secured loan 2025-12-31 0001287750 ASP-r-pac Acquisition CO LLC and ASP-r-pac Holdings LP, First lien senior secured revolving loan 2025-12-31 0001287750 ASP-r-pac Acquisition CO LLC and ASP-r-pac Holdings LP, First lien senior secured loan 2025-12-31 0001287750 ASP-r-pac Acquisition CO LLC and ASP-r-pac Holdings LP, First lien senior secured loan 1 2025-12-31 0001287750 ASP-r-pac Acquisition CO LLC and ASP-r-pac Holdings LP, Class A units 2025-12-31 0001287750 arcc:ASPRPacAcquisitionCOLLCAndASPRPacHoldingsLPMember 2025-12-31 0001287750 Bulab Holdings, Inc. and Buckman PPC Co-Invest LP, First lien senior secured revolving loan 2025-12-31 0001287750 Bulab Holdings, Inc. and Buckman PPC Co-Invest LP, First lien senior secured loan 2025-12-31 0001287750 Bulab Holdings, Inc. and Buckman PPC Co-Invest LP, First lien senior secured loan 1 2025-12-31 0001287750 Bulab Holdings, Inc. and Buckman PPC Co-Invest LP, Limited partnership interest 2025-12-31 0001287750 arcc:BulabHoldingsInc.AndBuckmanPPCCoInvestLPMember 2025-12-31 0001287750 Halex Holdings, Inc., Common stock 2025-12-31 0001287750 Meyer Laboratory, LLC and Meyer Parent, LLC, First lien senior secured revolving loan 2025-12-31 0001287750 Meyer Laboratory, LLC and Meyer Parent, LLC, First lien senior secured loan 2025-12-31 0001287750 Meyer Laboratory, LLC and Meyer Parent, LLC, Common units 2025-12-31 0001287750 arcc:MeyerLaboratoryLLCAndMeyerParentLLCMember 2025-12-31 0001287750 MP Midco Holdings, LLC and MP Topco Holdings, LLC (fka H-Food Holdings, LLC), First lien senior secured loan 2025-12-31 0001287750 MP Midco Holdings, LLC and MP Topco Holdings, LLC (fka H-Food Holdings, LLC) Common units 2025-12-31 0001287750 arcc:MPMidcoHoldingsLLCAndMPTopcoHoldingsLLCMember 2025-12-31 0001287750 NCP-MSI Buyer, Inc. and NCP MSI Co-Invest, LP, First lien senior secured revolving loan 2025-12-31 0001287750 NCP-MSI Buyer, Inc. and NCP MSI Co-Invest, LP, First lien senior secured revolving loan 1 2025-12-31 0001287750 NCP-MSI Buyer, Inc. and NCP MSI Co-Invest, LP, First lien senior secured loan 2025-12-31 0001287750 NCP-MSI Buyer, Inc. and NCP MSI Co-Invest, LP, Limited partnership interest 2025-12-31 0001287750 arcc:NCPMSIBuyerInc.AndNCPMSICoInvestLPMember 2025-12-31 0001287750 Nelipak Holding Company, Nelipak European Holdings Cooperatief U.A., KNPAK Holdings, LP and PAKNK Netherlands Treasury B.V., First lien senior secured revolving loan 1 2025-12-31 0001287750 Nelipak Holding Company, Nelipak European Holdings Cooperatief U.A., KNPAK Holdings, LP and PAKNK Netherlands Treasury B.V., First lien senior secured revolving loan 2 2025-12-31 0001287750 Nelipak Holding Company, Nelipak European Holdings Cooperatief U.A., KNPAK Holdings, LP and PAKNK Netherlands Treasury B.V., First lien senior secured loan 1 2025-12-31 0001287750 Nelipak Holding Company, Nelipak European Holdings Cooperatief U.A., KNPAK Holdings, LP and PAKNK Netherlands Treasury B.V., First lien senior secured loan 2 2025-12-31 0001287750 Nelipak Holding Company, Nelipak European Holdings Cooperatief U.A., KNPAK Holdings, LP and PAKNK Netherlands Treasury B.V., First lien senior secured loan 3 2025-12-31 0001287750 Nelipak Holding Company, Nelipak European Holdings Cooperatief U.A., KNPAK Holdings, LP and PAKNK Netherlands Treasury B.V., Class A units 2025-12-31 0001287750 arcc:NelipakHoldingCompanyNelipakEuropeanHoldingsCooperatiefUAKNPAKHoldingsLPAndPAKNKNetherlandsTreasuryBVMember 2025-12-31 0001287750 Novipax Buyer, L.L.C. and Novipax Parent Holding Company, L.L.C., First lien senior secured loan 2025-12-31 0001287750 Novipax Buyer, L.L.C. and Novipax Parent Holding Company, L.L.C., First lien senior secured loan 1 2025-12-31 0001287750 Novipax Buyer, L.L.C. and Novipax Parent Holding Company, L.L.C., Class A preferred units 2025-12-31 0001287750 Novipax Buyer, L.L.C. and Novipax Parent Holding Company, L.L.C., Class C units 2025-12-31 0001287750 arcc:NovipaxBuyerLLCAndNovipaxParentHoldingCompanyLLCMember 2025-12-31 0001287750 Plaskolite PPC Intermediate II LLC and Plaskolite PPC Blocker LLC, First lien senior secured loan 2025-12-31 0001287750 Plaskolite PPC Intermediate II LLC and Plaskolite PPC Blocker LLC, Second lien senior secured loan 2025-12-31 0001287750 Plaskolite PPC Intermediate II LLC and Plaskolite PPC Blocker LLC, Preferred units 2025-12-31 0001287750 Plaskolite PPC Intermediate II LLC and Plaskolite PPC Blocker LLC, Preferred units 1 2025-12-31 0001287750 Plaskolite PPC Intermediate II LLC and Plaskolite PPC Blocker LLC, Co-Invest units 2025-12-31 0001287750 arcc:PlaskolitePPCIntermediateIILLCAndPlaskolitePPCBlockerLLCMember 2025-12-31 0001287750 Precision Concepts Parent Inc., Precision Concepts International LLC, and Precision Concepts Canada Corporation, First lien senior secured revolving loan 2025-12-31 0001287750 Precision Concepts Parent Inc., Precision Concepts International LLC, and Precision Concepts Canada Corporation, First lien senior secured loan 1 2025-12-31 0001287750 Precision Concepts Parent Inc., Precision Concepts International LLC, and Precision Concepts Canada Corporation, First lien senior secured loan 2 2025-12-31 0001287750 arcc:PrecisionConceptsParentInc.PrecisionConceptsInternationalLLCAndPrecisionConceptsCanadaCorporationMember 2025-12-31 0001287750 Reagent Chemical & Research, LLC, First lien senior secured revolving loan 2025-12-31 0001287750 Reagent Chemical & Research, LLC, First lien senior secured loan 2025-12-31 0001287750 Reagent Chemical & Research, LLC, First lien senior secured loan 1 2025-12-31 0001287750 arcc:ReagentChemicalResearchLLCMember 2025-12-31 0001287750 SCI PH Parent, Inc., Series B shares 2025-12-31 0001287750 Sterilex LLC , First lien senior secured loan 2025-12-31 0001287750 arcc:MaterialsSectorMember 2025-12-31 0001287750 Apex Clean Energy TopCo, LLC, Class A common units 2025-12-31 0001287750 Apex Clean Energy TopCo, LLC, Class B common units 2025-12-31 0001287750 arcc:ApexCleanEnergyTopCoLLCMember 2025-12-31 0001287750 BNZ TopCo B.V.,Senior subordinated loan 2025-12-31 0001287750 PosiGen, Inc., Warrant to purchase shares of series D-1 preferred stock 2025-12-31 0001287750 PosiGen, Inc., Warrant to purchase shares of common stock 2025-12-31 0001287750 arcc:PosiGenIncMember 2025-12-31 0001287750 Sunrun Atlas Depositor 2019-2, LLC and Sunrun Atlas Holdings 2019-2, LLC, First lien senior secured loan 2025-12-31 0001287750 Sunrun Atlas Depositor 2019-2, LLC and Sunrun Atlas Holdings 2019-2, LLC, Senior subordinated loan 2025-12-31 0001287750 arcc:SunrunAtlasDepositor20192LLCAndSunrunAtlasHoldings20192LLCMember 2025-12-31 0001287750 Sunrun Luna Holdco 2021, LLC, Senior subordinated revolving loan 2025-12-31 0001287750 Sunrun Xanadu Issuer 2019-1, LLC and Sunrun Xanadu Holdings 2019-1, LLC, First lien senior secured loan 2025-12-31 0001287750 Sunrun Xanadu Issuer 2019-1, LLC and Sunrun Xanadu Holdings 2019-1, LLC, Senior subordinated loan 2025-12-31 0001287750 arcc:SunrunXanaduIssuer20191LLCAndSunrunXanaduHoldings20191LLCMember 2025-12-31 0001287750 arcc:IndependentPowerAndRenewableElectricityProducersMember 2025-12-31 0001287750 Bowhunter Holdings, LLC, Common units 2025-12-31 0001287750 Centric Brands LLC, Centric Brands TopCo, LLC, and Centric Brands L.P., First lien senior secured loan 2025-12-31 0001287750 Centric Brands LLC, Centric Brands TopCo, LLC, and Centric Brands L.P., Senior subordinated loan 2025-12-31 0001287750 Centric Brands LLC, Centric Brands TopCo, LLC, and Centric Brands L.P., Senior subordinated loan 1 2025-12-31 0001287750 Centric Brands LLC, Centric Brands TopCo, LLC, and Centric Brands L.P., Class A limited partnership interests 2025-12-31 0001287750 arcc:CentricBrandsLLCCentricBrandsTopCoLLCAndCentricBrandsL.P.Member 2025-12-31 0001287750 DRS Holdings III, Inc. and DRS Holdings I, Inc., First lien senior secured loan 2025-12-31 0001287750 DRS Holdings III, Inc. and DRS Holdings I, Inc., Common stock 2025-12-31 0001287750 arcc:DRSHoldingsIIIIncAndDRSHoldingsIIncMember 2025-12-31 0001287750 Fossil Group, Inc., Fossil Partners, L.P., and Fossil Canada Inc, First lien senior secured revolving loan 2025-12-31 0001287750 Implus Footcare, LLC, First lien senior secured loan 2025-12-31 0001287750 Implus Footcare, LLC, First lien senior secured loan 1 2025-12-31 0001287750 Implus Footcare, LLC, Common units 2025-12-31 0001287750 arcc:ImplusFootcareLLCImplusHoldingsLLCAndImplusTopcoLLCMember 2025-12-31 0001287750 Johnnie-O Inc. and Johnnie-O Holdings Inc., First lien senior secured loan 2025-12-31 0001287750 Johnnie-O Inc. and Johnnie-O Holdings Inc., Series A convertible preferred stock 2025-12-31 0001287750 Johnnie-O Inc. and Johnnie-O Holdings Inc., Warrant to purchase shares of common stock 2025-12-31 0001287750 arcc:JohnnieOIncAndJohnnieOHoldingsIncMember 2025-12-31 0001287750 Lew's Intermediate Holdings, LLC, First lien senior secured loan 2025-12-31 0001287750 Pelican Products, Inc., First lien senior secured revolving loan 2025-12-31 0001287750 Pelican Products, Inc., Second lien senior secured loan 2025-12-31 0001287750 arcc:PelicanProductsIncMember 2025-12-31 0001287750 Rawlings Sporting Goods Company, Inc. and SEP Diamond Fund, L.P., First lien senior secured revolving loan 2025-12-31 0001287750 Rawlings Sporting Goods Company, Inc. and SEP Diamond Fund, L.P., First lien senior secured loan 2025-12-31 0001287750 Rawlings Sporting Goods Company, Inc. and SEP Diamond Fund, L.P., First lien senior secured loan 1 2025-12-31 0001287750 Rawlings Sporting Goods Company, Inc. and SEP Diamond Fund, L.P., First lien senior secured loan 2 2025-12-31 0001287750 Rawlings Sporting Goods Company, Inc. and SEP Diamond Fund, L.P., First lien senior secured loan 3 2025-12-31 0001287750 Rawlings Sporting Goods Company, Inc. and Easton Diamond Sports, LLC, Limited partnership interest 2025-12-31 0001287750 arcc:RawlingsSportingGoodsCompanyInc.AndSEPDiamondFundL.P.Member 2025-12-31 0001287750 Reef Lifestyle, LLC, First lien senior secured revolving loan 2025-12-31 0001287750 Reef Lifestyle, LLC, First lien senior secured revolving loan 1 2025-12-31 0001287750 Reef Lifestyle, LLC, First lien senior secured loan 2025-12-31 0001287750 Reef Lifestyle, LLC, First lien senior secured loan 1 2025-12-31 0001287750 arcc:ReefLifestyleLLCMember 2025-12-31 0001287750 S Toys Holdings LLC (fka The Step2 Company, LLC), Common units 2025-12-31 0001287750 S Toys Holdings LLC (fka The Step2 Company, LLC), Class B common units 2025-12-31 0001287750 S Toys Holdings LLC (fka The Step2 Company, LLC), Warrant to purchase units 2025-12-31 0001287750 arcc:SToysHoldingsLLCFkaTheStep2CompanyLLCMember 2025-12-31 0001287750 Shoes For Crews Global, LLC and Shoes For Crews Holdings, LLC, First lien senior secured loan 2025-12-31 0001287750 Shoes For Crews Global, LLC and Shoes For Crews Holdings, LLC, First lien senior secured loan 1 2025-12-31 0001287750 Shoes For Crews Global, LLC and Shoes For Crews Holdings, LLC, First lien senior secured loan 2 2025-12-31 0001287750 Shoes For Crews Global, LLC and Shoes For Crews Holdings, LLC, Class A common units 2025-12-31 0001287750 arcc:ShoesForCrewsGlobalLLCAndShoesForCrewsHoldingsLLCMember 2025-12-31 0001287750 Sport Maska Inc. First lien senior secured revolving loan 2025-12-31 0001287750 Sport Maska Inc. First lien senior secured loan 2025-12-31 0001287750 arcc:SportMaskaIncMember 2025-12-31 0001287750 St Athena Global LLC and St Athena Global Holdings Limited, First lien senior secured revolving loan 2025-12-31 0001287750 St Athena Global LLC and St Athena Global Holdings Limited, First lien senior secured loan 2025-12-31 0001287750 St Athena Global LLC and St Athena Global Holdings Limited, First lien senior secured loan 1 2025-12-31 0001287750 arcc:StAthenaGlobalLLCAndStAthenaGlobalHoldingsLimitedMember 2025-12-31 0001287750 Team Acquisition Corporation, First lien senior secured revolving loan 1 2025-12-31 0001287750 Team Acquisition Corporation, First lien senior secured revolving loan 2 2025-12-31 0001287750 Team Acquisition Corporation, First lien senior secured loan 2025-12-31 0001287750 arcc:TeamAcquisitionCorporationMember 2025-12-31 0001287750 arcc:ConsumerDurablesAndApparelSectorMember 2025-12-31 0001287750 Beacon Wellness Brands, Inc. and CDI Holdings I Corp., First lien senior secured loan 2025-12-31 0001287750 Beacon Wellness Brands, Inc. and CDI Holdings I Corp., Common stock 2025-12-31 0001287750 arcc:BeaconWellnessBrandsIncAndCDIHoldingsICorpMember 2025-12-31 0001287750 Foundation Consumer Brands, LLC, First lien senior secured loan 2025-12-31 0001287750 Foundation Consumer Brands, LLC, First lien senior secured loan 1 2025-12-31 0001287750 arcc:FoundationConsumerBrandsLLCMember 2025-12-31 0001287750 LifeStyles Bidco Ltd., Lifestyles US Holdco, Inc. and LifeStyles Parent, L.P., First lien senior secured loan 2025-12-31 0001287750 LifeStyles Bidco Ltd., Lifestyles US Holdco, Inc. and LifeStyles Parent, L.P., First lien senior secured loan 1 2025-12-31 0001287750 LifeStyles Bidco Ltd., Lifestyles US Holdco, Inc. and LifeStyles Parent, L.P., Preferred units 2025-12-31 0001287750 LifeStyles Bidco Ltd., Lifestyles US Holdco, Inc. and LifeStyles Parent, L.P., Class B common units 2025-12-31 0001287750 arcc:LifeStylesBidcoLtd.LifestylesUSHoldcoInc.AndLifeStylesParentL.P.Member 2025-12-31 0001287750 pH Beauty Holdings III, Inc., First lien senior secured loan 2025-12-31 0001287750 Premier Specialties, Inc. and RMCF V CIV XLIV, L.P., First lien senior secured revolving loan 2025-12-31 0001287750 Premier Specialties, Inc. and RMCF V CIV XLIV, L.P., First lien senior secured loan 2025-12-31 0001287750 Premier Specialties, Inc. and RMCF V CIV XLIV, L.P., Limited partner interests 2025-12-31 0001287750 arcc:PremierSpecialtiesInc.AndRMCFVCIVXLIVL.P.Member 2025-12-31 0001287750 RD Holdco Inc., Common stock 2025-12-31 0001287750 RD Holdco Inc., Common units 1 2025-12-31 0001287750 RD Holdco Inc., Common units 2 2025-12-31 0001287750 RD Holdco Inc., Common units 3 2025-12-31 0001287750 arcc:RDHoldcoIncMember 2025-12-31 0001287750 Silk Holdings III LLC and Silk Holdings I Corp., First lien senior secured revolving loan 2025-12-31 0001287750 Silk Holdings III LLC and Silk Holdings I Corp., First lien senior secured loan 1 2025-12-31 0001287750 Silk Holdings III LLC and Silk Holdings I Corp., First lien senior secured loan 2 2025-12-31 0001287750 Silk Holdings III LLC and Silk Holdings I Corp., Common stock 2025-12-31 0001287750 arcc:SilkHoldingsIIILLCAndSilkHoldingsICorp.Member 2025-12-31 0001287750 TCI Buyer LLC and TCI Holdings, LP, First lien senior secured loan 2025-12-31 0001287750 TCI Buyer LLC and TCI Holdings, LP, Common stock 2025-12-31 0001287750 arcc:TCIBuyerLLCAndTCIHoldingsLPMember 2025-12-31 0001287750 Walnut Parent, Inc., First lien senior secured loan 2025-12-31 0001287750 Walnut Parent, Inc., First lien senior secured loan 1 2025-12-31 0001287750 arcc:WalnutParentIncMember 2025-12-31 0001287750 WU Holdco, Inc., First lien senior secured revolving loan 2025-12-31 0001287750 WU Holdco, Inc., First lien senior secured loan 2025-12-31 0001287750 arcc:WUHoldcoInc.Member 2025-12-31 0001287750 arcc:HouseholdAndPersonalProductsMember 2025-12-31 0001287750 Automotive Keys Group, LLC and Automotive Keys Investor, LLC, First lien senior secured loan 2025-12-31 0001287750 Automotive Keys Group, LLC and Automotive Keys Investor, LLC, First lien senior secured loan 1 2025-12-31 0001287750 Automotive Keys Group, LLC and Automotive Keys Investor, LLC, Preferred units 2025-12-31 0001287750 Automotive Keys Group, LLC and Automotive Keys Investor, LLC, Preferred units 1 2025-12-31 0001287750 Automotive Keys Group, LLC and Automotive Keys Investor, LLC, Class A common units 2025-12-31 0001287750 arcc:AutomotiveKeysGroupLLCAndAutomotiveKeysInvestorLLCMember 2025-12-31 0001287750 Churchill OpCo Holdings LLC and Victory Topco, LP, First lien senior secured revolving loan 2025-12-31 0001287750 Churchill OpCo Holdings LLC and Victory Topco, LP, First lien senior secured loan 2025-12-31 0001287750 Churchill OpCo Holdings LLC and Victory Topco, LP, Class A-2 common units 2025-12-31 0001287750 arcc:ChurchillOpCoHoldingsLLCAndVictoryTopcoLPMember 2025-12-31 0001287750 Collision SP Subco, LLC, First lien senior secured revolving loan 2025-12-31 0001287750 Collision SP Subco, LLC, First lien senior secured loan 2025-12-31 0001287750 Collision SP Subco, LLC, First lien senior secured loan 1 2025-12-31 0001287750 arcc:CollisionSPSubcoLLCMember 2025-12-31 0001287750 Continental Acquisition Holdings, Inc., First lien senior secured loan 2025-12-31 0001287750 Continental Acquisition Holdings, Inc., First lien senior secured loan 1 2025-12-31 0001287750 Continental Acquisition Holdings, Inc., Class A units 2025-12-31 0001287750 arcc:ContinentalAcquisitionHoldingsInc.AndContinentalGroupHoldingsL.P.Member 2025-12-31 0001287750 Faraday Buyer, LLC, First lien senior secured loan 2025-12-31 0001287750 Faraday Buyer, LLC, First lien senior secured loan 1 2025-12-31 0001287750 arcc:FaradayBuyerLLCMember 2025-12-31 0001287750 Faraday&Future Inc., FF Inc., Faraday SPE, LLC and Faraday Future Intelligent Electric Inc., Warrant to purchase shares of Class A common stock 2025-12-31 0001287750 Highline Aftermarket Acquisition, LLC, Highline Aftermarket SC Acquisition, Inc. and Highline PPC Blocker LLC, Co-invest units 2025-12-31 0001287750 Sun Acquirer Corp. and Sun TopCo, LP, First lien senior secured revolving loan 2025-12-31 0001287750 Sun Acquirer Corp. and Sun TopCo, LP, First lien senior secured loan 2025-12-31 0001287750 Sun Acquirer Corp. and Sun TopCo, LP, First lien senior secured loan 1 2025-12-31 0001287750 Sun Acquirer Corp. and Sun TopCo, LP, First lien senior secured loan 2 2025-12-31 0001287750 Sun Acquirer Corp. and Sun TopCo, LP, First lien senior secured loan 3 2025-12-31 0001287750 Sun Acquirer Corp. and Sun TopCo, LP, Class A units 2025-12-31 0001287750 arcc:SunAcquirerCorpAndSunTopCoLPMember 2025-12-31 0001287750 Telle Tire & Auto Service, LLC and Next Horizon Capital TireCo SPV, LP, First lien senior secured revolving loan 2025-12-31 0001287750 Telle Tire & Auto Service, LLC and Next Horizon Capital TireCo SPV, LP, First lien senior secured revolving loan 1 2025-12-31 0001287750 Telle Tire & Auto Service, LLC and Next Horizon Capital TireCo SPV, LP, First lien senior secured loan 2025-12-31 0001287750 Telle Tire & Auto Service, LLC and Next Horizon Capital TireCo SPV, LP, First lien senior secured loan 1 2025-12-31 0001287750 Telle Tire & Auto Service, LLC and Next Horizon Capital TireCo SPV, LP, Limited partnership interests 2025-12-31 0001287750 arcc:TelleTireAutoServiceLLCAndNextHorizonCapitalTireCoSPVLPMember 2025-12-31 0001287750 Truck-Lite Co., LLC, Ecco Holdings Corp. and Clarience Technologies, LLC, First lien senior secured revolving loan 2025-12-31 0001287750 Truck-Lite Co., LLC, Ecco Holdings Corp. and Clarience Technologies, LLC, First lien senior secured loan 2025-12-31 0001287750 Truck-Lite Co., LLC, Ecco Holdings Corp. and Clarience Technologies, LLC, Class A common units 2025-12-31 0001287750 arcc:TruckLiteCo.LLCECCOHoldingsCorp.AndClarityTechnologiesHoldingsLPMember 2025-12-31 0001287750 arcc:AutomobilesAndComponentsSectorMember 2025-12-31 0001287750 American Seafoods Group LLC and American Seafoods Partners LLC, Class A units 2025-12-31 0001287750 American Seafoods Group LLC and American Seafoods Partners LLC, Warrant to purchase units of Class A units 2025-12-31 0001287750 arcc:AmericanSeafoodsGroupLLCAndAmericanSeafoodsPartnersLLCMember 2025-12-31 0001287750 Badia Spices, LLC, First lien senior secured loan 2025-12-31 0001287750 Berner Food & Beverage, LLC, First lien senior secured revolving loan 2025-12-31 0001287750 Berner Food & Beverage, LLC, First lien senior secured loan 2025-12-31 0001287750 arcc:BernerFoodBeverageLLCMember 2025-12-31 0001287750 Bragg Live Food Products, LLC and SPC Investment Co., L.P., Common units 2025-12-31 0001287750 CHG PPC Parent LLC & PPC CHG Blocker LLC, Common units 2025-12-31 0001287750 Demakes Enterprises, LLC, First lien senior secured loan 2025-12-31 0001287750 Florida Food Products, LLC, First lien senior secured loan 1 2025-12-31 0001287750 Florida Food Products, LLC, First lien senior secured loan 2 2025-12-31 0001287750 Florida Food Products, LLC, First lien senior secured loan 3 2025-12-31 0001287750 Florida Food Products, LLC, First lien senior secured loan 4 2025-12-31 0001287750 Florida Food Products, LLC, First lien senior secured loan 5 2025-12-31 0001287750 Florida Food Products, LLC, First lien senior secured loan 6 2025-12-31 0001287750 Florida Food Products, LLC, First lien senior secured loan 7 2025-12-31 0001287750 arcc:FloridaFoodProductsLLCMember 2025-12-31 0001287750 Forward Keystone Holdings, LP, Senior subordinated loan 2025-12-31 0001287750 Forward Keystone Holdings, LP, Common units 2025-12-31 0001287750 arcc:ForwardKeystoneHoldingsLPMember 2025-12-31 0001287750 Gotham Greens Holdings, PBC, Second lien senior secured loan 2025-12-31 0001287750 Gotham Greens Holdings, PBC, Series E-1 preferred stock 2025-12-31 0001287750 Gotham Greens Holdings, PBC, Warrant to purchase shares of Series E-1 preferred stock 2025-12-31 0001287750 arcc:GothamGreensHoldingsPBCMember 2025-12-31 0001287750 HBH Buyer, LLC , First lien senior secured loan 2025-12-31 0001287750 KNPC HoldCo, LLC, First lien senior secured loan 2025-12-31 0001287750 KNPC HoldCo, LLC, First lien senior secured loan 1 2025-12-31 0001287750 KNPC HoldCo, LLC, First lien senior secured loan 2 2025-12-31 0001287750 KNPC HoldCo, LLC, First lien senior secured loan 3 2025-12-31 0001287750 arcc:KNPCHoldCoLLCMember 2025-12-31 0001287750 Manna Pro Products, LLC and MP Blocker A LLC, Common units 2025-12-31 0001287750 Max US Bidco Inc., First lien senior secured loan 2025-12-31 0001287750 Primo Water Holdings Inc / Triton Water Holdings Inc, First lien senior secured loan 2025-12-31 0001287750 Primo Water Holdings Inc / Triton Water Holdings Inc, Senior subordinated loan 2025-12-31 0001287750 arcc:PrimoWaterHoldingsIncTritonWaterHoldingsIncMember 2025-12-31 0001287750 RB Holdings InterCo, LLC, First lien senior secured revolving loan 2025-12-31 0001287750 RB Holdings InterCo, LLC, First lien senior secured loan 2025-12-31 0001287750 arcc:RBHoldingsInterCoLLCMember 2025-12-31 0001287750 Spindrift Beverage Co., Inc. and SBC Aggregator LP, First lien senior secured loan 2025-12-31 0001287750 Spindrift Beverage Co., Inc. and SBC Aggregator LP, Limited partnership units 2025-12-31 0001287750 arcc:SpindriftBeverageCo.Inc.AndSBCAggregatorLPMember 2025-12-31 0001287750 Sugar PPC Buyer LLC, First lien senior secured loan 2025-12-31 0001287750 Sugar PPC Buyer LLC, First lien senior secured loan 1 2025-12-31 0001287750 arcc:SugarPPCBuyerLLCMember 2025-12-31 0001287750 Teasdale Foods, Inc. and Familia Group Holdings Inc., First lien senior secured loan 2025-12-31 0001287750 Teasdale Foods, Inc. and Familia Group Holdings Inc., Warrant to purchase shares of common stock 2025-12-31 0001287750 arcc:TeasdaleFoodsIncAndFamiliaGroupHoldingsIncMember 2025-12-31 0001287750 Watermill Express, LLC and Watermill Express Holdings, LLC, First lien senior secured revolving loan 2025-12-31 0001287750 Watermill Express, LLC and Watermill Express Holdings, LLC, First lien senior secured loan 2025-12-31 0001287750 Watermill Express, LLC and Watermill Express Holdings, LLC, First lien senior secured loan 1 2025-12-31 0001287750 Watermill Express, LLC and Watermill Express Holdings, LLC, First lien senior secured loan 2 2025-12-31 0001287750 Watermill Express, LLC and Watermill Express Holdings, LLC, First lien senior secured loan 3 2025-12-31 0001287750 Watermill Express, LLC and Watermill Express Holdings, LLC, Class A units 2025-12-31 0001287750 arcc:WatermillExpressLLCAndWatermillExpressHoldingsLLCMember 2025-12-31 0001287750 us-gaap:FoodAndBeverageSectorMember 2025-12-31 0001287750 GNZ Energy Bidco Limited and Galileo Co-investment Trust I, First lien senior secured loan 2025-12-31 0001287750 GNZ Energy Bidco Limited and Galileo Co-investment Trust I, Common units 2025-12-31 0001287750 arcc:GNZEnergyBidcoLimitedAndGalileoCoInvestmentTrustIMember 2025-12-31 0001287750 HighPeak Energy, Inc., First lien senior secured loan 2025-12-31 0001287750 Murchison Oil and Gas, LLC and Murchison Holdings, LLC, Preferred units 2025-12-31 0001287750 Phoenix Operating LLC, First lien senior secured loan 2025-12-31 0001287750 Phoenix Operating LLC, First lien senior secured loan 1 2025-12-31 0001287750 arcc:PhoenixOperatingLLCMember 2025-12-31 0001287750 VPROP Operating, LLC and V SandCo, LLC, First lien senior secured loan 2025-12-31 0001287750 VPROP Operating, LLC and V SandCo, LLC, First lien senior secured loan 1 2025-12-31 0001287750 VPROP Operating, LLC and V SandCo, LLC, First lien senior secured loan 2 2025-12-31 0001287750 VPROP Operating, LLC and V SandCo, LLC, First lien senior secured loan 3 2025-12-31 0001287750 VPROP Operating, LLC and V SandCo, LLC, Class A units 2025-12-31 0001287750 arcc:VPROPOperatingLLCAndVSandCoLLCMember 2025-12-31 0001287750 us-gaap:EnergySectorMember 2025-12-31 0001287750 Ferrellgas, L.P. and Ferrellgas Partners, L.P., Senior preferred units 2025-12-31 0001287750 Ferrellgas, L.P. and Ferrellgas Partners, L.P., Class B units 2025-12-31 0001287750 arcc:FerrellgasLPAndFerrelgasPartnersLPMember 2025-12-31 0001287750 Opal Fuels Intermediate HoldCo LLC, and Opal Fuels Inc., First lien senior secured loan 2025-12-31 0001287750 Opal Fuels Intermediate HoldCo LLC, and Opal Fuels Inc., Class A common stock 2025-12-31 0001287750 arcc:OpalFuelsIntermediateHoldCoLLCAndOpalFuelsInc.Member 2025-12-31 0001287750 arcc:GasUtilitiesMember 2025-12-31 0001287750 Everspin Technologies, Inc., Warrant to purchase shares of common stock 2025-12-31 0001287750 Excelitas Technologies Corp, First lien senior secured loan 2025-12-31 0001287750 FL Hawk Intermediate Holdings, Inc, First lien senior secured loan 2025-12-31 0001287750 PerkinElmer U.S. LLC and NM Polaris Co-Invest, L.P., First lien senior secured loan 2025-12-31 0001287750 PerkinElmer U.S. LLC and NM Polaris Co-Invest, L.P., Limited partnership interests 2025-12-31 0001287750 PerkinElmer U.S. LLC and NM Polaris Co-Invest, L.P., Class A-2 units 2025-12-31 0001287750 arcc:PerkinElmerUSLLCAndNMPolarisCoInvestLPMember 2025-12-31 0001287750 Repairify, Inc. and Repairify Holdings, LLC, First lien senior secured revolving loan 2025-12-31 0001287750 Repairify, Inc. and Repairify Holdings, LLC, First lien senior secured loan 2025-12-31 0001287750 Repairify, Inc. and Repairify Holdings, LLC, Class A common units 2025-12-31 0001287750 arcc:RepairifyIncAndRepairifyHoldingsLLCMember 2025-12-31 0001287750 arcc:TechnologyHardwareAndEquipmentMember 2025-12-31 0001287750 Expereo USA, Inc. and Ristretto Bidco B.V., First lien senior secured loan 2025-12-31 0001287750 arcc:TelecommunicationServicesMember 2025-12-31 0001287750 Retained Vantage Data Centers Intermediate Holdco, LP and Retained Vantage Data Centers Assets, LP, Senior subordinated loan 2025-12-31 0001287750 arcc:DataCentersMember 2025-12-31 0001287750 Nordic Ferry Infrastructure AS, Senior subordinated loan 2025-12-31 0001287750 Nordic Ferry Infrastructure AS, Senior subordinated loan 1 2025-12-31 0001287750 arcc:NordicFerryInfrastructureASMember 2025-12-31 0001287750 Zeppelin US Buyer Inc. and Providence Equity Partners IX-C L.P. First lien senior secured revolving loan 2025-12-31 0001287750 Zeppelin US Buyer Inc. and Providence Equity Partners IX-C L.P. Limited partnership interest 2025-12-31 0001287750 arcc:ZeppelinUSBuyerInc.AndProvidenceEquityPartnersIXCL.P.Member 2025-12-31 0001287750 arcc:TransportationMember 2025-12-31 0001287750 EURO, Royal Bank of Canada 6/23/2206 2025-12-31 0001287750 CAD, Canadian Imperial Bank of Commerce, 1/23/2026 2025-12-31 0001287750 EGP, Canadian Imperial Bank of Commerce, 6/11/2027 2025-12-31 0001287750 EURO, Canadian Imperial Bank of Commerce, 1/23/2026 2025-12-31 0001287750 EGP, Royal Bank of Canada, 7/28/2028 2025-12-31 0001287750 EGP, Canadian Imperial Bank of Commerce, 7/28/2028 2025-12-31 0001287750 EGP, Royal Bank of Canada, 8/21/2026 2025-12-31 0001287750 EGP, Canadian Imperial Bank of Commerce, 1/23/2026 2025-12-31 0001287750 EGP, Royal Bank of Canada, 1/23/2026 2025-12-31 0001287750 CAD, Canadian Imperial Bank of Commerce, 3/31/2028 2025-12-31 0001287750 EURO, Canadian Imperial Bank of Commerce, 6/11/2027 2025-12-31 0001287750 YEN, Royal Bank of Canada, 1/31/2028 2025-12-31 0001287750 CAD, Canadian Imperial Bank of Commerce, 3/31/2027 2025-12-31 0001287750 CAD, Royal Bank of Canada, 1/31/2028 2025-12-31 0001287750 CAD, Royal Bank of Canada, 1/23/2026 2025-12-31 0001287750 EGP, Royal Bank of Canada, 6/27/2028 2025-12-31 0001287750 NZD, Royal Bank of Canada, 1/23/2026 2025-12-31 0001287750 EURO, Canadian Imperial Bank of Commerce, 8/14/2028 2025-12-31 0001287750 EGP, Canadian Imperial Bank of Commerce, 8/21/2026 2025-12-31 0001287750 AUD, Canadian Imperial Bank of Commerce, 11/17/2026 2025-12-31 0001287750 NOK, Canadian Imperial Bank of Commerce, 1/23/2026 2025-12-31 0001287750 Interest rate swap | January 2027 Notes 2025-12-31 0001287750 Interest rate swap | March 2029 Notes 2025-12-31 0001287750 Interest rate swap | July 2029 Notes 2025-12-31 0001287750 Interest rate swap | September 2030 Notes 2025-12-31 0001287750 Interest rate swap | January 2031 Notes 2025-12-31 0001287750 Interest rate swap | March 2032 Notes 2025-12-31 0001287750 us-gaap:InterestRateSwapMember 2025-12-31 0001287750 Align Precision Group, LLC and Align Precision Topco, L.P. 2025-01-01 2025-12-31 0001287750 Align Precision Group, LLC and Align Precision Topco, L.P. 2025-12-31 0001287750 Apex Clean Energy TopCo, LLC 2025-01-01 2025-12-31 0001287750 Apex Clean Energy TopCo, LLC 2025-12-31 0001287750 APG Intermediate Holdings Corporation and APG Holdings, LLC 2025-01-01 2025-12-31 0001287750 APG Intermediate Holdings Corporation and APG Holdings, LLC 2025-12-31 0001287750 Bragg Live Food Products, LLC and SPC Investment Co., L.P. 2025-01-01 2025-12-31 0001287750 Bragg Live Food Products, LLC and SPC Investment Co., L.P. 2025-12-31 0001287750 Centric Brands LLC, Centric Brands TopCo, LLC, and Centric Brands L.P. 2025-01-01 2025-12-31 0001287750 Centric Brands LLC, Centric Brands TopCo, LLC, and Centric Brands L.P. 2025-12-31 0001287750 Daylight Beta Parent LLC and CFCo, LLC 2025-01-01 2025-12-31 0001287750 Daylight Beta Parent LLC and CFCo, LLC 2025-12-31 0001287750 ESCP PPG Holdings, LLC 2025-01-01 2025-12-31 0001287750 ESCP PPG Holdings, LLC 2025-12-31 0001287750 European Capital UK SME Debt LP 2025-01-01 2025-12-31 0001287750 European Capital UK SME Debt LP 2025-12-31 0001287750 Fitness Ventures Holdings, Inc. and Meaningful Partners Fitness Ventures Co-Investment LP 2025-01-01 2025-12-31 0001287750 Fitness Ventures Holdings, Inc. and Meaningful Partners Fitness Ventures Co-Investment LP 2025-12-31 0001287750 Midco Holding, LLC and Nivel Topco, LLC 2025-01-01 2025-12-31 0001287750 Midco Holding, LLC and Nivel Topco, LLC 2025-12-31 0001287750 OPH NEP Investment, LLC 2025-01-01 2025-12-31 0001287750 OPH NEP Investment, LLC 2025-12-31 0001287750 Partnership Capital Growth Investors III, L.P. 2025-01-01 2025-12-31 0001287750 Partnership Capital Growth Investors III, L.P. 2025-12-31 0001287750 PCG-Ares Sidecar Investment, L.P. 2025-01-01 2025-12-31 0001287750 PCG-Ares Sidecar Investment, L.P. 2025-12-31 0001287750 PCG-TAC-CV, LP (fka PCG-Ares Sidecar Investment II, L.P.) 2025-01-01 2025-12-31 0001287750 PCG-TAC-CV, LP (fka PCG-Ares Sidecar Investment II, L.P.) 2025-12-31 0001287750 Pluralsight, LLC and Pluralsight Holdings, LLC and Paradigmatic Holdco LLC 2025-01-01 2025-12-31 0001287750 Pluralsight, LLC and Pluralsight Holdings, LLC and Paradigmatic Holdco LLC 2025-12-31 0001287750 Production Resource Group, L.L.C. and PRG III, LLC 2025-01-01 2025-12-31 0001287750 Production Resource Group, L.L.C. and PRG III, LLC 2025-12-31 0001287750 Shoes For Crews Global, LLC and Shoes for Crews Holdings, LLC 2025-01-01 2025-12-31 0001287750 Shoes For Crews Global, LLC and Shoes for Crews Holdings, LLC 2025-12-31 0001287750 us-gaap:InvestmentAffiliatedIssuerNoncontrolledMember 2025-01-01 2025-12-31 0001287750 Absolute Dental Group LLC and Absolute Dental Equity, LLC 2025-01-01 2025-12-31 0001287750 Absolute Dental Group LLC and Absolute Dental Equity, LLC 2025-12-31 0001287750 ACAS Equity Holdings Corporation 2025-01-01 2025-12-31 0001287750 ACAS Equity Holdings Corporation 2025-12-31 0001287750 ADF Capital, Inc., ADF Restaurant Group, LLC, and ARG Restaurant Holdings, Inc. 2025-01-01 2025-12-31 0001287750 ADF Capital, Inc., ADF Restaurant Group, LLC, and ARG Restaurant Holdings, Inc. 2025-12-31 0001287750 ADG, LLC, GEDC Equity, LLC and RC IV GEDC Investor LLC 2025-01-01 2025-12-31 0001287750 ADG, LLC, GEDC Equity, LLC and RC IV GEDC Investor LLC 2025-12-31 0001287750 Adonis Acquisition Holdings LLC and Adonis Acquisition Holdings Parent LLC 2025-01-01 2025-12-31 0001287750 Adonis Acquisition Holdings LLC and Adonis Acquisition Holdings Parent LLC 2025-12-31 0001287750 Halex Holdings, Inc. 2025-01-01 2025-12-31 0001287750 Halex Holdings, Inc. 2025-12-31 0001287750 HCI Equity, LLC 2025-01-01 2025-12-31 0001287750 HCI Equity, LLC 2025-12-31 0001287750 Imaging Business Machines, L.L.C. and Scanner Holdings Corporation 2025-01-01 2025-12-31 0001287750 Imaging Business Machines, L.L.C. and Scanner Holdings Corporation 2025-12-31 0001287750 Implus Footcare, LLC, Implus Holdings, LLC, and Implus Topco, LLC 2025-01-01 2025-12-31 0001287750 Implus Footcare, LLC, Implus Holdings, LLC, and Implus Topco, LLC 2025-12-31 0001287750 Ivy Hill Asset Management, L.P. 2025-01-01 2025-12-31 0001287750 Ivy Hill Asset Management, L.P. 2025-12-31 0001287750 Olympia Acquisition, Inc., Olympia TopCo, L.P., and Asclepius Holdings LLC 2025-01-01 2025-12-31 0001287750 Olympia Acquisition, Inc., Olympia TopCo, L.P., and Asclepius Holdings LLC 2025-12-31 0001287750 PCG-TAC-CV, LP (fka PCG-Ares Sidecar Investment II, L.P.) 1 2025-01-01 2025-12-31 0001287750 PCG-TAC-CV, LP (fka PCG-Ares Sidecar Investment II, L.P.) 1 2025-12-31 0001287750 Potomac Intermediate Holdings II LLC 2025-01-01 2025-12-31 0001287750 Potomac Intermediate Holdings II LLC 2025-12-31 0001287750 PS Operating Company LLC and PS Op Holdings LLC 2025-01-01 2025-12-31 0001287750 PS Operating Company LLC and PS Op Holdings LLC 2025-12-31 0001287750 RD Holdco Inc. 2025-01-01 2025-12-31 0001287750 RD Holdco Inc. 2025-12-31 0001287750 S Toys Holdings LLC (fka The Step2 Company, LLC) 2025-01-01 2025-12-31 0001287750 S Toys Holdings LLC (fka The Step2 Company, LLC) 2025-12-31 0001287750 Senior Direct Lending Program, LLC 2025-01-01 2025-12-31 0001287750 Senior Direct Lending Program, LLC 2025-12-31 0001287750 Startec Equity, LLC 2025-01-01 2025-12-31 0001287750 Startec Equity, LLC 2025-12-31 0001287750 Visual Edge Technology, Inc. 2025-01-01 2025-12-31 0001287750 Visual Edge Technology, Inc. 2025-12-31 0001287750 VPROP Operating, LLC and V SandCo, LLC 2025-01-01 2025-12-31 0001287750 VPROP Operating, LLC and V SandCo, LLC 2025-12-31 0001287750 us-gaap:InvestmentAffiliatedIssuerControlledMember 2025-01-01 2025-12-31 0001287750 arcc:SubordinatedCertificatesOfTheSDLPMember srt:MinimumMember arcc:AresCapitalCorporationMember 2025-12-31 0001287750 us-gaap:CustomerConcentrationRiskMember arcc:NonQualifyingAssetsMember arcc:InvestmentsAtFairValueAndOtherNonQualifyingAssetsMember 2025-01-01 2025-12-31 0001287750 15484880 Canada Inc. and 15484910 Canada Inc. 2025-12-31 0001287750 3 Step Sports LLC 2025-12-31 0001287750 Accommodations Plus Technologies LLC 2025-12-31 0001287750 ACP Avenu Midco LLC 2025-12-31 0001287750 Actfy Buyer, Inc. 2025-12-31 0001287750 Activate Holdings (US) Corp. and CrossPoint Capital AS SPV, LP 2025-12-31 0001287750 Adonis Bidco Inc. 2025-12-31 0001287750 Aduro Advisors, LLC 2025-12-31 0001287750 Advarra Holdings, Inc. 2025-12-31 0001287750 Aerin Medical Inc. 2025-12-31 0001287750 AeriTek Global US Acquisition Inc., AeriTek Global Holdings LLC, and Minus Forty QBD Corp. 2025-12-31 0001287750 AI Titan Parent, Inc. 2025-12-31 0001287750 Airx Climate Solutions, Inc. 2025-12-31 0001287750 Alcami Corporation and ACM Note Holdings, LLC 2025-12-31 0001287750 Alcresta Therapeutics, Inc. 2025-12-31 0001287750 Aldinger Company Inc 2025-12-31 0001287750 Aledade, Inc. 2025-12-31 0001287750 Anaplan, Inc. 2025-12-31 0001287750 AP Adhesives Holdings, LLC 2025-12-31 0001287750 Apex Service Partners, LLC and Apex Service Partners Holdings, LLC 2025-12-31 0001287750 Allclear Commercial Inc., Allclear Military Inc., Allclear Space Inc., and Allclear Group LLC 2025-12-31 0001287750 Appriss Health, LLC and Appriss Health Intermediate Holdings, Inc. 2025-12-31 0001287750 Aptean, Inc. and Aptean Acquiror Inc. 2025-12-31 0001287750 AQ Sunshine, Inc. 2025-12-31 0001287750 Archduke Buyer, Inc. 2025-12-31 0001287750 Arrow Borrower 2025, Inc. 2025-12-31 0001287750 Artemis BidCo 2 LLC 2025-12-31 0001287750 Artifact Bidco, Inc. 2025-12-31 0001287750 Artivion, Inc. 2025-12-31 0001287750 ASP-r-pac Acquisition CO LLC and ASP-r-pac Holdings LP 2025-12-31 0001287750 AthenaHealth Group Inc., Minerva Holdco, Inc. and BCPE Co-Invest (A), LP 2025-12-31 0001287750 ATI Restoration, LLC 2025-12-31 0001287750 Avalign Holdings, Inc. and Avalign Technologies, Inc. 2025-12-31 0001287750 Badia Spices, LLC 2025-12-31 0001287750 Bamboo Purchaser, Inc. 2025-12-31 0001287750 Bamboo US BidCo LLC 2025-12-31 0001287750 Banyan Software Holdings, LLC and Banyan Software Intermediate, Inc. 2025-12-31 0001287750 Bayou Intermediate II, LLC 2025-12-31 0001287750 BCPE Pequod Buyer, Inc. 2025-12-31 0001287750 Beacon Pointe Harmony, LLC 2025-12-31 0001287750 Beacon Wellness Brands, Inc. and CDI Holdings I Corp. 2025-12-31 0001287750 Belfor Holdings, Inc. 2025-12-31 0001287750 Bellwether Buyer, L.L.C. and Bellwether Topco V Buyer, Inc. 2025-12-31 0001287750 Benecon Midco II LLC and Benecon Holdings, LLC 2025-12-31 0001287750 Berner Food & Beverage, LLC 2025-12-31 0001287750 BGI Purchaser, Inc. 2025-12-31 0001287750 BGIF IV Fearless Utility Services, Inc. 2025-12-31 0001287750 Birdie Bidco, Inc. 2025-12-31 0001287750 Bluejack Fire Acquisition, Inc. and Bluejack Fire Holdings LLC 2025-12-31 0001287750 BNZ TopCo B.V. 2025-12-31 0001287750 Bobcat Purchaser, LLC and Bobcat Topco, L.P. 2025-12-31 0001287750 Bobtail AcquisitionCo, LLC 2025-12-31 0001287750 Borrower R365 Holdings LLC 2025-12-31 0001287750 Bottomline Technologies, Inc. 2025-12-31 0001287750 BrightStar Group Holdings, Inc. 2025-12-31 0001287750 Bulab Holdings, Inc. and Buckman PPC Co-Invest LP 2025-12-31 0001287750 Businessolver.com, Inc. 2025-12-31 0001287750 BVI Medical, Inc. and BVI Group Limited 2025-12-31 0001287750 Cambrex Corporation 2025-12-31 0001287750 Capstone Acquisition Holdings, Inc., Capstone Logistics Holdings, Inc. and Capstone Parent Holdings, LP 2025-12-31 0001287750 Captive Resources Midco, LLC 2025-12-31 0001287750 Cardinal Parent, Inc. and Packers Software Intermediate Holdings, Inc. 2025-12-31 0001287750 Cards-Live Oak Holdings, Inc. 2025-12-31 0001287750 Cascade Parent Inc., Cascade Intermediate II, Inc., and Haveli Cascade Co-Invest I, L.P. 2025-12-31 0001287750 Centralsquare Technologies, LLC and Supermoose Newco, Inc. 2025-12-31 0001287750 Chariot Buyer LLC 2025-12-31 0001287750 City Line Distributors LLC and City Line Investments LLC 2025-12-31 0001287750 Clarion Home Services Group, LLC and LBC Breeze Holdings LLC 2025-12-31 0001287750 Clearstead Advisors, LLC 2025-12-31 0001287750 Cloud Software Group, Inc., Picard Parent, Inc., Cloud Software Group Holdings, Inc., Picard HoldCo, LLC and Elliott Alto Co-Investor Aggregator L.P. 2025-12-31 0001287750 ClubCorp Holdings, Inc. 2025-12-31 0001287750 CMG HoldCo, LLC and CMG Buyer Holdings, Inc. 2025-12-31 0001287750 Cobalt Buyer Sub, Inc., Cobalt Holdings I, LP, and Cobalt Intermediate I, Inc. 2025-12-31 0001287750 Collision SP Subco, LLC 2025-12-31 0001287750 Computer Services, Inc. 2025-12-31 0001287750 Convera International Holdings Limited and Convera International Financial S.A R.L. 2025-12-31 0001287750 CoreLogic, Inc. and T-VIII Celestial Co-Invest LP 2025-12-31 0001287750 Cority Software Inc., Cority Software (USA) Inc., and Cority Parent, Inc. 2025-12-31 0001287750 Cornerstone OnDemand, Inc. and Sunshine Software Holdings, Inc. 2025-12-31 0001287750 Coupa Holdings, LLC and Coupa Software Incorporated 2025-12-31 0001287750 Cradle Lux Bidco S.A.R.L. and Hamilton Thorne Inc. 2025-12-31 0001287750 Creek Parent, Inc. and Creek Feeder, L.P. 2025-12-31 0001287750 Crown CT Parent Inc., Crown CT HoldCo Inc. and Crown CT Management LLC 2025-12-31 0001287750 CST Holding Company 2025-12-31 0001287750 CVP Holdco, Inc. and OMERS Wildcats Investment Holdings LLC 2025-12-31 0001287750 Databricks, Inc. 2025-12-31 0001287750 Datix Bidco Limited and RL Datix Holdings (USA), Inc. 2025-12-31 0001287750 Davidson Hotel Company LLC 2025-12-31 0001287750 DecoPac, Inc. and KCAKE Holdings Inc. 2025-12-31 0001287750 Denali Intermediate Holdings, Inc. and Denali Parent Holdings, L.P. 2025-12-31 0001287750 Diamond Mezzanine 24 LLC 2025-12-31 0001287750 Digicert, Inc., Dcert Buyer, Inc., DCert Preferred Holdings, Inc. and Destiny Digital Holdings, L.P. 2025-12-31 0001287750 Diligent Corporation and Diligent Preferred Issuer, Inc. 2025-12-31 0001287750 Display Holding Company, Inc., Saldon Holdings, Inc. and Fastsigns Holdings Inc. 2025-12-31 0001287750 Divisions Holding Corporation, Divisions, Inc. and RC V Tecmo Investor LLC 2025-12-31 0001287750 Dorado Bidco, Inc. 2025-12-31 0001287750 DOXA Insurance Holdings LLC and Rocket Co-Invest, SLP 2025-12-31 0001287750 Doxim Inc. 2025-12-31 0001287750 DP Flores Holdings, LLC 2025-12-31 0001287750 DriveCentric Holdings, LLC 2025-12-31 0001287750 Drogon Bidco Inc. & Drogon Aggregator LP 2025-12-31 0001287750 DRS Holdings III, Inc. and DRS Holdings I, Inc. 2025-12-31 0001287750 Duraserv LLC 2025-12-31 0001287750 Dynamic NC Aerospace Holdings, LLC and Dynamic NC Investment Holdings, LP 2025-12-31 0001287750 Eagle Football Holdings BidCo Limited and Eagle Football Holdings Limited 2025-12-31 0001287750 Echo Purchaser, Inc. 2025-12-31 0001287750 Eclipse Topco, Inc., Eclipse Investor Parent, L.P. and Eclipse Buyer, Inc. 2025-12-31 0001287750 Edition Holdings, Inc. and Enverus, Inc. 2025-12-31 0001287750 Edmunds Govtech, Inc. 2025-12-31 0001287750 Einstein Parent, Inc. 2025-12-31 0001287750 EIS Legacy Holdco, LLC 2025-12-31 0001287750 Elemica Parent, Inc. & EZ Elemica Holdings, Inc. 2025-12-31 0001287750 Elevation Services Parent Holdings, LLC 2025-12-31 0001287750 Elliott Davis Advisory, LLC and Elliott Davis Advisory HoldCo, LLC 2025-12-31 0001287750 ELM DebtCo, LLC 2025-12-31 0001287750 EMB Purchaser, Inc. 2025-12-31 0001287750 Empower Payments Investor, LLC 2025-12-31 0001287750 Endurance PT Technology Buyer Corporation and Endurance PT Technology Holdings LLC 2025-12-31 0001287750 eResearchTechnology, Inc. and Astorg VII Co-Invest ERT 2025-12-31 0001287750 ESHA Intermediate, LLC 2025-12-31 0001287750 Essential Services Holding Corporation and OMERS Mahomes Investment Holdings LLC 2025-12-31 0001287750 Eternal Aus Bidco Pty Ltd 2025-12-31 0001287750 Excel Fitness Consolidator LLC, Health Buyer LLC and Excel Fitness Holdings, Inc. 2025-12-31 0001287750 Excelitas Technologies Corp. 2025-12-31 0001287750 Expereo USA, Inc. and Ristretto Bidco B.V. 2025-12-31 0001287750 Extrahop Networks, Inc. 2025-12-31 0001287750 Fever Labs, Inc. 2025-12-31 0001287750 Firebird Acquisition Corp, Inc. 2025-12-31 0001287750 FL Hawk Intermediate Holdings, Inc. 2025-12-31 0001287750 Flexera Software LLC 2025-12-31 0001287750 Flinn Scientific, Inc. and WCI-Quantum Holdings, Inc. 2025-12-31 0001287750 Flint OpCo, LLC 2025-12-31 0001287750 FlyWheel Acquireco, Inc. 2025-12-31 0001287750 Forescout Technologies, Inc. 2025-12-31 0001287750 Forward Keystone Holdings, LP 2025-12-31 0001287750 Fossil Group, Inc., Fossil Partners, L.P., and Fossil Canada Inc. 2025-12-31 0001287750 Foundation Consumer Brands, LLC 2025-12-31 0001287750 Foundation Risk Partners, Corp. 2025-12-31 0001287750 Frontline Road Safety Operations, LLC 2025-12-31 0001287750 FS Squared Holding Corp. and FS Squared, LLC 2025-12-31 0001287750 G702 Buyer, Inc. 2025-12-31 0001287750 Galway Borrower LLC 2025-12-31 0001287750 GAPCO AIV Interholdco (CP), L.P. 2025-12-31 0001287750 Generator US Buyer, Inc. and Total Power Limited 2025-12-31 0001287750 Gestion ABS Bidco Inc. / ABS Bidco Holdings Inc. 2025-12-31 0001287750 GHP-VGS Purchaser LLC 2025-12-31 0001287750 GHX Ultimate Parent Corporation, Commerce Parent, Inc. and Commerce Topco, LLC 2025-12-31 0001287750 GI Ranger Intermediate LLC 2025-12-31 0001287750 Global Music Rights, LLC 2025-12-31 0001287750 GMF Parent, Inc. and GMF Group Holdings, LP 2025-12-31 0001287750 GNZ Energy Bidco Limited and Galileo Co-investment Trust I 2025-12-31 0001287750 Goldeneye Parent, LLC 2025-12-31 0001287750 Grit Buyer, Inc. and Integrum Grit Co-Invest LP 2025-12-31 0001287750 Ground Penetrating Radar Systems, LLC and RC VI Buckeye Holdings LLC 2025-12-31 0001287750 GS SEER Group Borrower LLC and GS SEER Group Holdings LLC 2025-12-31 0001287750 GSV Purchaser, Inc. 2025-12-31 0001287750 GTCR Everest Borrower, LLC 2025-12-31 0001287750 GTCR F Buyer Corp. and GTCR (D) Investors LP 1 2025-12-31 0001287750 Guidepoint Security Holdings, LLC 2025-12-31 0001287750 Harvey Tool Company, LLC 2025-12-31 0001287750 HBH BUYER, LLC 2025-12-31 0001287750 Heavy Construction Systems Specialists, LLC 2025-12-31 0001287750 Helios Service Partners, LLC and Astra Service Partners, LLC 2025-12-31 0001287750 HGC Holdings, LLC 2025-12-31 0001287750 HH-Stella, Inc. and Bedrock Parent Holdings, LP 2025-12-31 0001287750 Higginbotham Insurance Agency, Inc., HIG Operations Holdings, Inc., and HIG Intermediate, Inc. 2025-12-31 0001287750 High Street Buyer, Inc. and High Street Holdco LLC 2025-12-31 0001287750 Highline Aftermarket Acquisition, LLC, Highline Aftermarket SC Acquisition, Inc. and Highline PPC Blocker LLC 2025-12-31 0001287750 Hills Distribution, Inc., Hills Intermediate FT Holdings, LLC and GMP Hills, LP 2025-12-31 0001287750 Himalaya TopCo LLC and BCPE Hyperlink Holdings, LP 2025-12-31 0001287750 Horizon Avionics Buyer, LLC and Horizon CTS Buyer, LLC 2025-12-31 0001287750 HP RSS Buyer, Inc. 2025-12-31 0001287750 HPCC Parent, Inc. and Patriot Container Corp. 2025-12-31 0001287750 HS Purchaser, LLC, and Help/Systems Holdings, Inc. 2025-12-31 0001287750 HuFriedy Group Acquisition LLC 2025-12-31 0001287750 Huskies Parent, Inc., GI Insurity Parent LLC and GI Insurity TopCo LP 2025-12-31 0001287750 Hyland Software, Inc. 2025-12-31 0001287750 Hyphen Solutions, LLC 2025-12-31 0001287750 Icefall Parent, Inc. 2025-12-31 0001287750 ID.me, LLC and ID.me, Inc. 2025-12-31 0001287750 IFH Franchisee Holdings, LLC 2025-12-31 0001287750 Infinity Home Services Holdco, Inc., D'Angelo & Sons Construction Limited and IHS Parent Holdings, L.P. 2025-12-31 0001287750 Innovative Systems L.L.C. 2025-12-31 0001287750 Inszone Mid, LLC and INSZ Holdings, LLC 2025-12-31 0001287750 Internet Truckstop Group LLC 2025-12-31 0001287750 IQN Holding Corp. 2025-12-31 0001287750 IRI Group Holdings, Inc. and Circana, LLC 2025-12-31 0001287750 ISQ Hawkeye Holdco, Inc. and ISQ Hawkeye Holdings, L.P. 2025-12-31 0001287750 JAMS Holdings LP and Jams Buyer LLC 2025-12-31 0001287750 Jeppesen Holdings, LLC 2025-12-31 0001287750 Jones Fish Hatcheries & Distributors, LLC and Pond Management Group Holdings, LLC 2025-12-31 0001287750 JSG II, Inc. and Checkers USA, Inc. 2025-12-31 0001287750 Kairos Bidco Limited 2025-12-31 0001287750 KBHS Acquisition, LLC (d/b/a Alita Care, LLC) 2025-12-31 0001287750 Kene Acquisition, Inc. and Kene Holdings, L.P. 2025-12-31 0001287750 King Risk Partners, LLC 2025-12-31 0001287750 Kings Buyer, LLC 2025-12-31 0001287750 Knight AcquireCo, LLC and Knight Holdings, LP 2025-12-31 0001287750 Koala Investment Holdings, Inc. 2025-12-31 0001287750 KPS Global LLC and Cool Group LLC 2025-12-31 0001287750 Laboratories Bidco LLC and Laboratories Topco LLC 2025-12-31 0001287750 LBC Woodlands Purchaser LLC and LBC Woodlands Holdings LP 2025-12-31 0001287750 LeanTaaS Holdings, Inc. 2025-12-31 0001287750 Legends Hospitality Holding Company, LLC, ASM Buyer, Inc., Legends ASM Holdco I, LLC, and Stadium Coinvest (B)-III, L.P. 2025-12-31 0001287750 Leviathan Intermediate Holdco, LLC and Leviathan Holdings, L.P. 2025-12-31 0001287750 Lew's Intermediate Holdings, LLC 2025-12-31 0001287750 LHS Borrower, LLC, LH Equity Investors, L.P., Leaf Home, LLC and GC Fund IV Blocker LLC 2025-12-31 0001287750 Lido Advisors, LLC and LAL Group Holdings, LLC 2025-12-31 0001287750 Lightbeam Bidco, Inc. 2025-12-31 0001287750 LivTech Purchaser, Inc. 2025-12-31 0001287750 LJP Purchaser, Inc. and LJP Topco, LP 2025-12-31 0001287750 LOBOS PARENT, INC. 2025-12-31 0001287750 Mai Capital Management Intermediate LLC 2025-12-31 0001287750 Majesco and Magic Topco, L.P. 2025-12-31 0001287750 Manna Pro Products, LLC and MP Blocker A LLC 2025-12-31 0001287750 Mari Events Midco LLC and AE EventsCo Holdings LLC 2025-12-31 0001287750 Mavis Tire Express Services Topco Corp., Metis Holdco, Inc. and Metis Topco, LP 2025-12-31 0001287750 Medlar Bidco Limited 2025-12-31 0001287750 Merit Financial Group, LLC and CWC Fund I Co-Invest (MFA) LP 2025-12-31 0001287750 Merit Software Finance Holdings, LLC 2025-12-31 0001287750 Metatiedot Bidco OY and Metatiedot US, LLC 2025-12-31 0001287750 Meyer Laboratory, LLC and Meyer Parent, LLC 2025-12-31 0001287750 Ministry Brands Holdings, LLC and RCP MB Investments B, L.P. 2025-12-31 0001287750 ML Holdco, Inc. 2025-12-31 0001287750 Moderna, Inc. 2025-12-31 0001287750 Modernizing Medicine, Inc. and ModMed Software Midco Holdings, Inc. 2025-12-31 0001287750 Modigent, LLC and OMERS PMC Investment Holdings LLC 2025-12-31 0001287750 Monica Holdco (US) Inc. 2025-12-31 0001287750 Moonraker AcquisitionCo LLC and Moonraker HoldCo LLC 2025-12-31 0001287750 Motor Vehicle Software Corporation 2025-12-31 0001287750 Mountaineer Merger Corporation 2025-12-31 0001287750 Mr. Greens Intermediate, LLC, Florida Veg Investments LLC, MRG Texas, LLC and Restaurant Produce and Services Blocker, LLC 2025-12-31 0001287750 MRI Software LLC 2025-12-31 0001287750 MSIS Holdings, Inc. and MS Precision Parent, LP 2025-12-31 0001287750 Mustang Prospects Holdco, LLC, Mustang Prospects Purchaser, LLC and Senske Acquisition, Inc. 2025-12-31 0001287750 NAS, LLC and Nationwide Marketing Group, LLC 2025-12-31 0001287750 NCP-MSI Buyer, Inc. and NCP MSI Co-Invest, LP 2025-12-31 0001287750 Nelipak Holding Company, Nelipak European Holdings Cooperatief U.A., KNPAK Holdings, LP and PAKNK Netherlands Treasury B.V. 2025-12-31 0001287750 Neptune Bidco US Inc. and Elliott Metron Co-Investor Aggregator L.P. 2025-12-31 0001287750 Netsmart, Inc. and Netsmart Technologies, Inc. 2025-12-31 0001287750 Churchill OpCo Holdings LLC and Victory Topco, LP 2025-12-31 0001287750 Next Holdco, LLC 2025-12-31 0001287750 NMC Skincare Intermediate Holdings II, LLC 2025-12-31 0001287750 NMN Holdings III Corp. and NMN Holdings LP 2025-12-31 0001287750 North American Science Associates, LLC, Cardinal Purchaser LLC and Cardinal Topco Holdings, L.P. 2025-12-31 0001287750 North Haven Fairway Buyer, LLC and Fairway Lawns, LLC 2025-12-31 0001287750 North Star Acquisitionco, LLC and Toucan Bidco Limited 2025-12-31 0001287750 Northwinds Holding, Inc. and Northwinds Services Group LLC 2025-12-31 0001287750 Oak Funding LLC 2025-12-31 0001287750 OakBridge Insurance Agency LLC and Maple Acquisition Holdings, LP 2025-12-31 0001287750 Odevo AB 2025-12-31 0001287750 Omnigo Software, LLC, Omnigo Software - I, Inc., and Omnigo Software - Q, Inc. 2025-12-31 0001287750 Optimizely North America Inc. and Optimizely Sweden Holdings AB 2025-12-31 0001287750 Paris US Holdco, Inc. & 1001028292 Ontario Inc. 2025-12-31 0001287750 Pathstone Family Office LLC and Kelso XI Tailwind Co-Investment, L.P. 2025-12-31 0001287750 Pathway Vet Alliance LLC and Jedi Group Holdings LLC 2025-12-31 0001287750 Patriot Growth Insurance Services, LLC 2025-12-31 0001287750 Pave America Holding, LLC 2025-12-31 0001287750 PCIA SPV-3, LLC and ASE Royal Aggregator, LLC 2025-12-31 0001287750 PCMI Parent, LLC and PCMI Ultimate Holdings, LP 2025-12-31 0001287750 PCS MidCo, Inc. and PCS Parent, L.P. 2025-12-31 0001287750 PDDS HoldCo, Inc. 2025-12-31 0001287750 PDI TA Holdings, Inc., Peachtree Parent, Inc. and Insight PDI Holdings, LLC 2025-12-31 0001287750 Pelican Products, Inc. 2025-12-31 0001287750 People Corporation 2025-12-31 0001287750 Perforce Software, Inc. 2025-12-31 0001287750 Perigon Wealth Management, LLC, Perigon Wealth Advisors Holdings Company, LLC and CWC Fund I Co-Invest (Prism) LP 2025-12-31 0001287750 PestCo Holdings, LLC and PestCo, LLC 2025-12-31 0001287750 Petrus Buyer, Inc. 2025-12-31 0001287750 PetVet Care Centers, LLC 2025-12-31 0001287750 Petvisor Holdings, LLC 2025-12-31 0001287750 pH Beauty Holdings III, Inc. 2025-12-31 0001287750 Pike Corporation 2025-12-31 0001287750 Pinnacle MEP Intermediate Holdco LLC and BPCP Pinnacle Holdings, Inc. 2025-12-31 0001287750 Plaskolite PPC Intermediate II LLC and Plaskolite PPC Blocker LLC 2025-12-31 0001287750 Poseidon IntermediateCo, Inc. 2025-12-31 0001287750 PracticeTek Purchaser, LLC, PracticeTek MidCo, LLC and GSV PracticeTek Holdings, LLC 2025-12-31 0001287750 Precision Concepts International LLC and Precision Concepts Canada Corporation 2025-12-31 0001287750 Premier Specialties, Inc. and RMCF V CIV XLIV, L.P. 2025-12-31 0001287750 Premiere Buyer, LLC 2025-12-31 0001287750 Premise Health Holding Corp. and OMERS Bluejay Investment Holdings LP 2025-12-31 0001287750 Priority Waste Holdings LLC, Priority Waste Holdings Indiana LLC and Priority Waste Super Holdings, LLC 2025-12-31 0001287750 Project Alliance Buyer, LLC 2025-12-31 0001287750 Project Cardinal Acquisition, LLC 2025-12-31 0001287750 Project Potter Buyer, LLC and Project Potter Parent, L.P. 2025-12-31 0001287750 Proofpoint, Inc. 2025-12-31 0001287750 PSC Parent, Inc. 2025-12-31 0001287750 PumpTech, LLC and Impel CV-B, LP 2025-12-31 0001287750 Pyramid-BMC IntermediateCo I, LLC and Pyramid Investors, LLC 2025-12-31 0001287750 QBS Parent, Inc. 2025-12-31 0001287750 QF Holdings, Inc. 2025-12-31 0001287750 Quick Quack Car Wash Holdings, LLC and KKR Game Changer Co-Invest Feeder II L.P. 2025-12-31 0001287750 Quirch Foods Holdings, LLC 2025-12-31 0001287750 Radius Aerospace, Inc. and Radius Aerospace Europe Limited 2025-12-31 0001287750 Radwell Parent, LLC 2025-12-31 0001287750 RailPros Parent, LLC 2025-12-31 0001287750 Raptor Technologies, LLC, Sycamore Bidco LTD and Rocket Parent, LLC 2025-12-31 0001287750 Raven Acquisition Holdings, LLC 2025-12-31 0001287750 Rawlings Sporting Goods Company, Inc. and SEP Diamond Fund, L.P. 2025-12-31 0001287750 RB Holdings InterCo, LLC 2025-12-31 0001287750 Reagent Chemical & Research, LLC 2025-12-31 0001287750 Reddy Ice LLC 2025-12-31 0001287750 Redwood Services LP 2025-12-31 0001287750 Reef Lifestyle, LLC 2025-12-31 0001287750 Registrar Intermediate, LLC and PSP Registrar Co-Investment Fund, L.P. 2025-12-31 0001287750 Relativity ODA LLC 2025-12-31 0001287750 Repairify, Inc. and Repairify Holdings, LLC 2025-12-31 0001287750 Retained Vantage Data Centers Intermediate Holdco, LP and Retained Vantage Data Centers Assets, LP 2025-12-31 0001287750 Revalize, Inc. 2025-12-31 0001287750 Revival Animal Health, LLC 2025-12-31 0001287750 Rialto Management Group, LLC 2025-12-31 0001287750 RMS HoldCo II, LLC & RMS Group Holdings, Inc. 2025-12-31 0001287750 Rodeo AcquisitionCo LLC 2025-12-31 0001287750 Royal Borrower, LLC and Royal Parent, LP 2025-12-31 0001287750 Runway Bidco, LLC 2025-12-31 0001287750 RWA Wealth Partners, LLC 2025-12-31 0001287750 Saber Parent Holdings Corp. and MSHC, Inc. 2025-12-31 0001287750 SageSure Holdings, LLC and SageSure LLC 2025-12-31 0001287750 Sapphire Software Buyer, Inc. 2025-12-31 0001287750 Saturn Purchaser Corp. 2025-12-31 0001287750 SCIH Salt Holdings Inc. 2025-12-31 0001287750 Severin Acquisition, LLC 2025-12-31 0001287750 SG Acquisition, Inc. 2025-12-31 0001287750 SGM Acquisition Sub, LLC and Schill Holdings, LP 2025-12-31 0001287750 Shoes For Crews Global, LLC and Shoes For Crews Holdings, LLC 2025-12-31 0001287750 Shout! Factory, LLC 2025-12-31 0001287750 SIG Parent Holdings, LLC 2025-12-31 0001287750 Signant Finance One Limited and Bracket Intermediate Holding Corp. 2025-12-31 0001287750 Silk Holdings III Corp. and Silk Holdings I Corp. 2025-12-31 0001287750 Slaine Holdings LLC 2025-12-31 0001287750 Smarsh Inc. and Skywalker TopCo, LLC 2025-12-31 0001287750 Spaceship Purchaser, Inc. 2025-12-31 0001287750 Spark Purchaser, Inc. 2025-12-31 0001287750 Spindrift Beverage Co., Inc. and SBC Aggregator LP 2025-12-31 0001287750 Spirit RR Holdings, Inc. and Winterfell Co-Invest SCSp 2025-12-31 0001287750 Sport Maska Inc. 2025-12-31 0001287750 Spruce Bidco II Inc. 2025-12-31 0001287750 St Athena Global LLC and St Athena Global Holdings Limited 2025-12-31 0001287750 Sterilex LLC 2025-12-31 0001287750 Steward Partners Global Advisory, LLC and Steward Partners Investment Advisory, LLC 2025-12-31 0001287750 Sugar PPC Buyer LLC 2025-12-31 0001287750 Sun Acquirer Corp. and Sun TopCo, LP 2025-12-31 0001287750 Sundance Group Holdings, Inc. 2025-12-31 0001287750 Sunk Rock Foundry Partners LP, Hatteras Electrical Manufacturing Holding Company and Sigma Electric Manufacturing Corporation, Diecast Beacon 2025-12-31 0001287750 Sunvair Aerospace Group, Inc. and GB Helios Holdings, L.P. 2025-12-31 0001287750 Superman Holdings, LLC 2025-12-31 0001287750 Supplying Demand, Inc. 2025-12-31 0001287750 Surescripts, LLC 2025-12-31 0001287750 SV Newco 2, Inc. and Site 2020 Incorporated 2025-12-31 0001287750 Symplr Software Inc. and Symplr Software Intermediate Holdings, Inc. 2025-12-31 0001287750 Systems Planning and Analysis, Inc. 2025-12-31 0001287750 Talon Buyer Inc. and Talon Holdings SCSP 2025-12-31 0001287750 Tamarack Intermediate, L.L.C. and Tamarack Parent, L.L.C. 2025-12-31 0001287750 Taymax Group, L.P., Taymax Group G.P., LLC, PF Salem Canada ULC and TCP Fit Parent, L.P. 2025-12-31 0001287750 TCI Buyer LLC and TCI Holdings, LP 2025-12-31 0001287750 TCP Hawker Intermediate LLC 2025-12-31 0001287750 Team Acquisition Corporation 2025-12-31 0001287750 Telle Tire & Auto Service, LLC and Next Horizon Capital TireCo SPV, LP 2025-12-31 0001287750 The Arcticom Group, LLC and AMCP Mechanical Holdings, LP 2025-12-31 0001287750 The Hiller Companies, LLC 2025-12-31 0001287750 The Mather Group, LLC, TVG-TMG Topco, Inc., and TVG-TMG Holdings, LLC 2025-12-31 0001287750 The Ultimus Group Midco, LLC, The Ultimus Group, LLC, and The Ultimus Group Aggregator, LP 2025-12-31 0001287750 Thermostat Purchaser III, Inc. 2025-12-31 0001287750 THG Acquisition, LLC 2025-12-31 0001287750 Three Rivers Buyer, Inc. 2025-12-31 0001287750 Tiger Holdco LLC 2025-12-31 0001287750 Titan BW Borrower L.P. 2025-12-31 0001287750 Trading Technologies International, Inc. 2025-12-31 0001287750 Transit Technologies LLC 2025-12-31 0001287750 Triwizard Holdings, Inc. and Triwizard Parent, LP 2025-12-31 0001287750 Truck-Lite Co., LLC, Ecco Holdings Corp. and Clarience Technologies, LLC 2025-12-31 0001287750 Truist Insurance Holdings, LLC and McGriff Insurance Services, LLC 2025-12-31 0001287750 TSWT Acquisition, Inc. and TSWT Holdings, LLC 2025-12-31 0001287750 Two Six Labs, LLC 2025-12-31 0001287750 U.S. Urology Partners, LLC and General Atlantic (USU) Blocker Collection Holdco, L.P. 2025-12-31 0001287750 UFS, LLC and BV-UFS Aggregator, LLC 2025-12-31 0001287750 United Digestive MSO Parent, LLC and Koln Co-Invest Unblocked, LP 2025-12-31 0001287750 Unity Purchaser, LLC and Unity Ultimate Holdings, LP 2025-12-31 0001287750 UP Intermediate II LLC and UPBW Blocker LLC 2025-12-31 0001287750 US Salt Investors, LLC and Emerald Lake Pearl Acquisition-A, L.P. 2025-12-31 0001287750 Vamos Bidco, Inc. 2025-12-31 0001287750 Verista, Inc. 2025-12-31 0001287750 Vertex Service Partners, LLC and Vertex Service Partners Holdings, LLC 2025-12-31 0001287750 Victors Purchaser, LLC and WP Victors Co-Investment, L.P. 2025-12-31 0001287750 Viper Bidco, Inc. 2025-12-31 0001287750 Visual Edge Technology, Inc., VEIT, LLC, and VEIT Topco, LLC 2025-12-31 0001287750 VPP Intermediate Holdings, LLC and VPP Group Holdings, L.P. 2025-12-31 0001287750 VRC Companies, LLC 2025-12-31 0001287750 VRS Buyer, Inc. 2025-12-31 0001287750 W.S. Connelly & Co., LLC and WSC Ultimate Holdings, LLC 2025-12-31 0001287750 Watermill Express, LLC and Watermill Express Holdings, LLC 2025-12-31 0001287750 Waverly Advisors, LLC and WAAM Topco, LLC 2025-12-31 0001287750 Wealth Enhancement Group, LLC 2025-12-31 0001287750 WebPT, Inc. and WPT Intermediate Holdco, Inc. 2025-12-31 0001287750 Wellington Bidco Inc. and Wellington TopCo LP 2025-12-31 0001287750 Wellington-Altus Financial Inc. 2025-12-31 0001287750 Wellness AcquisitionCo, Inc. 2025-12-31 0001287750 Wharf Street Ratings Acquisition LLC 2025-12-31 0001287750 WorkWave Intermediate II, LLC 2025-12-31 0001287750 World Insurance Associates, LLC and World Associates Holdings, LLC 2025-12-31 0001287750 Worldwide Produce Acquisition, LLC and REP WWP Coinvest IV, L.P. 2025-12-31 0001287750 WRE Sports Investments LLC 2025-12-31 0001287750 WSHP FC Acquisition LLC and WSHP FC Holdings LLC 2025-12-31 0001287750 WU Holdco, Inc. 2025-12-31 0001287750 YE Brands Holdings, LLC 2025-12-31 0001287750 ZenDesk, Inc., Zoro TopCo, Inc. and Zoro TopCo, LP 2025-12-31 0001287750 Zeppelin US Buyer Inc. and Providence Equity Partners IX-C L.P. 2025-12-31 0001287750 Zinc Buyer Corporation and Marmic Fire & Safety Co., Inc. 2025-12-31 0001287750 ZocDoc, Inc. 2025-12-31 0001287750 arcc:RevolvingAndDelayedDrawLoanCommitmentsMember 2025-12-31 0001287750 AthenaHealth Group Inc., Minerva Holdco, Inc. and BCPE Co-Invest (A), LP 1 2025-12-31 0001287750 Banyan Software Holdings, LLC and Banyan Software Intermediate, Inc. 1 2025-12-31 0001287750 Calera XXVIII, LLC 2025-12-31 0001287750 Constellation Wealth Capital Fund, L.P. 2025-12-31 0001287750 DOXA Insurance Holdings LLC and Rocket Co-Invest, SLP 1 2025-12-31 0001287750 Grit Buyer, Inc. and Integrum Grit Co-Invest LP1 2025-12-31 0001287750 GSM Rights Fund II LP 2025-12-31 0001287750 GTCR F Buyer Corp. and GTCR (D) Investors LP 2025-12-31 0001287750 HFCP XI (Parallel - A), L.P. 2025-12-31 0001287750 High Street Buyer, Inc. and High Street Holdco LLC 1 2025-12-31 0001287750 Linden Structured Capital Fund II-A LP 2025-12-31 0001287750 LJ Perimeter Buyer, Inc. and LJ Perimeter Co-Invest, L.P. 1 2025-12-31 0001287750 Marco Polo Fund SCSp-RAIF 2025-12-31 0001287750 NCP-MSI Buyer, Inc. and NCP MSI Co-Invest, LP 1 2025-12-31 0001287750 Pathstone Family Office LLC and Kelso XI Tailwind Co-Investment, L.P 1. 2025-12-31 0001287750 Propagate Content LLC 2025-12-31 0001287750 PumpTech, LLC and Impel CV-B, LP 1 2025-12-31 0001287750 Rawlings Sporting Goods Company, Inc. and SEP Diamond Fund, L.P. 1 2025-12-31 0001287750 Schill Landscaping and Lawn Care Services LLC, Tender Lawn Care ULC and Landscape Parallel Partners, L.P. 1 2025-12-31 0001287750 Spindrift Beverage Co., Inc. and SBC Aggregator LP 1 2025-12-31 0001287750 Wellington-Altus Financial Inc. 1 2025-12-31 0001287750 Worldwide Produce Acquisition, LLC and REP WWP Coinvest IV, L.P. 1 2025-12-31 0001287750 Zeppelin US Buyer Inc. and Providence Equity Partners IX-C L.P. 1 2025-12-31 0001287750 arcc:EquityInvestmentCommitmentsMember 2025-12-31 0001287750 arcc:AresCapitalCorporationMember arcc:SeniorDirectLendingProgramMember 2025-12-31 0001287750 us-gaap:CommonStockMember 2024-12-31 0001287750 us-gaap:AdditionalPaidInCapitalMember 2024-12-31 0001287750 us-gaap:RetainedEarningsMember 2024-12-31 0001287750 2024-12-31 0001287750 us-gaap:CommonStockMember 2025-01-01 2025-03-31 0001287750 us-gaap:AdditionalPaidInCapitalMember 2025-01-01 2025-03-31 0001287750 2025-01-01 2025-03-31 0001287750 us-gaap:RetainedEarningsMember 2025-01-01 2025-03-31 0001287750 us-gaap:CommonStockMember 2025-03-31 0001287750 us-gaap:AdditionalPaidInCapitalMember 2025-03-31 0001287750 us-gaap:RetainedEarningsMember 2025-03-31 0001287750 2025-03-31 0001287750 us-gaap:CommonStockMember 2025-04-01 2025-06-30 0001287750 us-gaap:AdditionalPaidInCapitalMember 2025-04-01 2025-06-30 0001287750 us-gaap:RetainedEarningsMember 2025-04-01 2025-06-30 0001287750 us-gaap:CommonStockMember 2025-06-30 0001287750 us-gaap:AdditionalPaidInCapitalMember 2025-06-30 0001287750 us-gaap:RetainedEarningsMember 2025-06-30 0001287750 2025-06-30 0001287750 us-gaap:CommonStockMember 2025-07-01 2025-09-30 0001287750 us-gaap:AdditionalPaidInCapitalMember 2025-07-01 2025-09-30 0001287750 2025-07-01 2025-09-30 0001287750 us-gaap:RetainedEarningsMember 2025-07-01 2025-09-30 0001287750 us-gaap:CommonStockMember 2025-09-30 0001287750 us-gaap:AdditionalPaidInCapitalMember 2025-09-30 0001287750 us-gaap:RetainedEarningsMember 2025-09-30 0001287750 2025-09-30 0001287750 us-gaap:CommonStockMember 2025-10-01 2025-12-31 0001287750 us-gaap:AdditionalPaidInCapitalMember 2025-10-01 2025-12-31 0001287750 2025-10-01 2025-12-31 0001287750 us-gaap:RetainedEarningsMember 2025-10-01 2025-12-31 0001287750 us-gaap:CommonStockMember 2025-12-31 0001287750 us-gaap:AdditionalPaidInCapitalMember 2025-12-31 0001287750 us-gaap:RetainedEarningsMember 2025-12-31 0001287750 us-gaap:RetainedEarningsMember 2026-01-01 2026-03-31 0001287750 2026-01-01 2026-03-31 0001287750 us-gaap:CommonStockMember 2026-03-31 0001287750 us-gaap:AdditionalPaidInCapitalMember 2026-03-31 0001287750 us-gaap:RetainedEarningsMember 2026-03-31 0001287750 2026-03-31 0001287750 us-gaap:RetainedEarningsMember 2026-04-01 2026-06-30 0001287750 us-gaap:CommonStockMember 2026-06-30 0001287750 us-gaap:AdditionalPaidInCapitalMember 2026-06-30 0001287750 us-gaap:RetainedEarningsMember 2026-06-30 0001287750 arcc:InvestmentAdvisoryAndManagementAgreementMember srt:AffiliatedEntityMember 2026-01-01 2026-06-30 0001287750 arcc:InvestmentAdvisoryAndManagementAgreementMember srt:AffiliatedEntityMember 2019-06-20 0001287750 arcc:InvestmentAdvisoryAndManagementAgreementMember srt:AffiliatedEntityMember 2019-06-21 0001287750 arcc:InvestmentAdvisoryAndManagementAgreementMember srt:MinimumMember srt:AffiliatedEntityMember 2019-06-20 2019-06-20 0001287750 arcc:InvestmentAdvisoryAndManagementAgreementMember srt:MaximumMember srt:AffiliatedEntityMember 2019-06-21 2019-06-21 0001287750 arcc:InvestmentAdvisoryAndManagementAgreementMember srt:MinimumMember srt:AffiliatedEntityMember 2019-06-21 2019-06-21 0001287750 arcc:InvestmentAdvisoryAndManagementAgreementIncentiveRateQuarterlyHurdleRateMember srt:AffiliatedEntityMember 2026-01-01 2026-06-30 0001287750 arcc:InvestmentAdvisoryAndManagementAgreementIncentiveRatePreIncentiveFeeNetInvestmentIncomeBelowCatchUpThresholdMember srt:AffiliatedEntityMember 2026-01-01 2026-06-30 0001287750 arcc:InvestmentAdvisoryAndManagementAgreementIncentiveRateQuarterlyCatchUpThresholdMember srt:AffiliatedEntityMember 2026-01-01 2026-06-30 0001287750 arcc:InvestmentAdvisoryAndManagementAgreementIncentiveRatePreIncentiveFeeNetInvestmentIncomeExceedsCatchUpThresholdMember srt:AffiliatedEntityMember 2026-01-01 2026-06-30 0001287750 arcc:InvestmentAdvisoryAndManagementAgreementIncentiveRateRealizedCapitalGainsMember srt:AffiliatedEntityMember 2026-01-01 2026-06-30 0001287750 2025-01-01 2025-12-31 0001287750 arcc:InvestmentAdvisoryAndManagementAgreementIncentiveRateNetAssetsForDeferralOfCashPaymentsMember srt:AffiliatedEntityMember 2019-06-21 2019-06-21 0001287750 arcc:AdministrationAgreementMember srt:AffiliatedEntityMember 2019-06-21 2019-06-21 0001287750 arcc:AdministrationAgreementMember srt:AffiliatedEntityMember 2026-06-30 0001287750 arcc:AdministrationAgreementMember srt:AffiliatedEntityMember 2025-12-31 0001287750 arcc:DebtSecuritiesFirstLienSeniorSecuredLoansMember 2026-06-30 0001287750 arcc:DebtSecuritiesFirstLienSeniorSecuredLoansMember 2025-12-31 0001287750 arcc:DebtSecuritiesSecondLienSeniorSecuredLoansMember 2026-06-30 0001287750 arcc:DebtSecuritiesSecondLienSeniorSecuredLoansMember 2025-12-31 0001287750 arcc:SubordinatedCertificatesOfTheSDLPMember 2026-06-30 0001287750 arcc:SubordinatedCertificatesOfTheSDLPMember 2025-12-31 0001287750 us-gaap:SeniorSubordinatedLoansMember 2026-06-30 0001287750 us-gaap:SeniorSubordinatedLoansMember 2025-12-31 0001287750 us-gaap:PreferredStockMember 2026-06-30 0001287750 us-gaap:PreferredStockMember 2025-12-31 0001287750 arcc:IvyHillAssetManagementLPMember 2026-06-30 0001287750 arcc:IvyHillAssetManagementLPMember 2025-12-31 0001287750 us-gaap:OtherAggregatedInvestmentsMember 2026-06-30 0001287750 us-gaap:OtherAggregatedInvestmentsMember 2025-12-31 0001287750 arcc:DebtSecuritiesFirstLienSeniorSecuredLoansUnitrancheMember 2026-06-30 0001287750 arcc:DebtSecuritiesFirstLienSeniorSecuredLoansUnitrancheMember 2025-12-31 0001287750 arcc:SeniorDirectLendingProgramMember 2026-06-30 0001287750 arcc:SeniorDirectLendingProgramMember 2025-12-31 0001287750 arcc:SoftwareAndServicesMember arcc:IndustryConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2026-01-01 2026-06-30 0001287750 arcc:SoftwareAndServicesMember arcc:IndustryConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2025-01-01 2025-12-31 0001287750 us-gaap:FinancialServicesSectorMember arcc:IndustryConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2026-01-01 2026-06-30 0001287750 us-gaap:FinancialServicesSectorMember arcc:IndustryConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2025-01-01 2025-12-31 0001287750 us-gaap:HealthcareSectorMember arcc:IndustryConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2026-01-01 2026-06-30 0001287750 us-gaap:HealthcareSectorMember arcc:IndustryConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2025-01-01 2025-12-31 0001287750 arcc:CommercialAndProfessionalServicesMember arcc:IndustryConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2026-01-01 2026-06-30 0001287750 arcc:CommercialAndProfessionalServicesMember arcc:IndustryConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2025-01-01 2025-12-31 0001287750 arcc:ConsumerServicesMember arcc:IndustryConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2026-01-01 2026-06-30 0001287750 arcc:ConsumerServicesMember arcc:IndustryConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2025-01-01 2025-12-31 0001287750 us-gaap:InsuranceSectorMember arcc:IndustryConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2026-01-01 2026-06-30 0001287750 us-gaap:InsuranceSectorMember arcc:IndustryConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2025-01-01 2025-12-31 0001287750 arcc:CapitalGoodsMember arcc:IndustryConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2026-01-01 2026-06-30 0001287750 arcc:CapitalGoodsMember arcc:IndustryConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2025-01-01 2025-12-31 0001287750 arcc:ConsumerDistributionAndRetailMember arcc:IndustryConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2026-01-01 2026-06-30 0001287750 arcc:ConsumerDistributionAndRetailMember arcc:IndustryConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2025-01-01 2025-12-31 0001287750 arcc:InvestmentFundsAndVehiclesMember arcc:IndustryConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2026-01-01 2026-06-30 0001287750 arcc:InvestmentFundsAndVehiclesMember arcc:IndustryConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2025-01-01 2025-12-31 0001287750 arcc:SportsMediaAndEntertainmentMember arcc:IndustryConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2026-01-01 2026-06-30 0001287750 arcc:SportsMediaAndEntertainmentMember arcc:IndustryConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2025-01-01 2025-12-31 0001287750 arcc:PharmaceuticalsBiotechnologyAndLifeSciencesMember arcc:IndustryConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2026-01-01 2026-06-30 0001287750 arcc:PharmaceuticalsBiotechnologyAndLifeSciencesMember arcc:IndustryConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2025-01-01 2025-12-31 0001287750 arcc:MaterialsSectorMember arcc:IndustryConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2026-01-01 2026-06-30 0001287750 arcc:MaterialsSectorMember arcc:IndustryConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2025-01-01 2025-12-31 0001287750 arcc:ConsumerDurablesAndApparelSectorMember arcc:IndustryConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2026-01-01 2026-06-30 0001287750 arcc:ConsumerDurablesAndApparelSectorMember arcc:IndustryConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2025-01-01 2025-12-31 0001287750 arcc:IndependentPowerAndRenewableElectricityProducersMember arcc:IndustryConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2026-01-01 2026-06-30 0001287750 arcc:IndependentPowerAndRenewableElectricityProducersMember arcc:IndustryConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2025-01-01 2025-12-31 0001287750 arcc:AutomobilesAndComponentsSectorMember arcc:IndustryConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2026-01-01 2026-06-30 0001287750 arcc:AutomobilesAndComponentsSectorMember arcc:IndustryConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2025-01-01 2025-12-31 0001287750 arcc:OtherSectorMember arcc:IndustryConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2026-01-01 2026-06-30 0001287750 arcc:OtherSectorMember arcc:IndustryConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2025-01-01 2025-12-31 0001287750 arcc:IndustryConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2026-01-01 2026-06-30 0001287750 arcc:IndustryConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2025-01-01 2025-12-31 0001287750 us-gaap:MidwestRegionMember us-gaap:GeographicConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2026-01-01 2026-06-30 0001287750 us-gaap:MidwestRegionMember us-gaap:GeographicConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2025-01-01 2025-12-31 0001287750 us-gaap:WestRegionMember us-gaap:GeographicConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2026-01-01 2026-06-30 0001287750 us-gaap:WestRegionMember us-gaap:GeographicConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2025-01-01 2025-12-31 0001287750 us-gaap:SoutheastRegionMember us-gaap:GeographicConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2026-01-01 2026-06-30 0001287750 us-gaap:SoutheastRegionMember us-gaap:GeographicConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2025-01-01 2025-12-31 0001287750 us-gaap:NortheastRegionMember us-gaap:GeographicConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2026-01-01 2026-06-30 0001287750 us-gaap:NortheastRegionMember us-gaap:GeographicConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2025-01-01 2025-12-31 0001287750 arcc:USMidAtlanticRegionMember us-gaap:GeographicConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2026-01-01 2026-06-30 0001287750 arcc:USMidAtlanticRegionMember us-gaap:GeographicConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2025-01-01 2025-12-31 0001287750 us-gaap:NonUsMember us-gaap:GeographicConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2026-01-01 2026-06-30 0001287750 us-gaap:NonUsMember us-gaap:GeographicConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2025-01-01 2025-12-31 0001287750 us-gaap:GeographicConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2026-01-01 2026-06-30 0001287750 us-gaap:GeographicConcentrationRiskMember arcc:InvestmentsAtFairValueMember 2025-01-01 2025-12-31 0001287750 us-gaap:WestRegionMember us-gaap:CustomerConcentrationRiskMember arcc:InvestmentsAtFairValueMember arcc:SeniorDirectLendingProgramMember 2026-01-01 2026-06-30 0001287750 us-gaap:WestRegionMember us-gaap:CustomerConcentrationRiskMember arcc:InvestmentsAtFairValueMember arcc:SeniorDirectLendingProgramMember 2025-01-01 2025-12-31 0001287750 us-gaap:WestRegionMember us-gaap:CustomerConcentrationRiskMember arcc:InvestmentsAtFairValueMember arcc:IvyHillAssetManagementLPMember 2026-01-01 2026-06-30 0001287750 us-gaap:WestRegionMember us-gaap:CustomerConcentrationRiskMember arcc:InvestmentsAtFairValueMember arcc:IvyHillAssetManagementLPMember 2025-01-01 2025-12-31 0001287750 arcc:IvyHillAssetManagementLPMember 2026-06-30 0001287750 arcc:IvyHillAssetManagementLPMember 2025-12-31 0001287750 arcc:IvyHillAssetManagementLPMember arcc:IvyHillAssetManagementLPMember us-gaap:OperatingSegmentsMember 2026-04-01 2026-06-30 0001287750 arcc:IvyHillAssetManagementLPMember arcc:IvyHillAssetManagementLPMember us-gaap:OperatingSegmentsMember 2026-01-01 2026-06-30 0001287750 arcc:IvyHillAssetManagementLPMember arcc:IvyHillAssetManagementLPMember us-gaap:OperatingSegmentsMember 2025-04-01 2025-06-30 0001287750 arcc:IvyHillAssetManagementLPMember arcc:IvyHillAssetManagementLPMember us-gaap:OperatingSegmentsMember 2025-01-01 2025-06-30 0001287750 arcc:IvyHillAssetManagementLPDebtInvestmentMember 2026-06-30 0001287750 arcc:IvyHillAssetManagementLPDebtInvestmentMember 2025-12-31 0001287750 arcc:IvyHillAssetManagementLPEquityInvestmentMember 2026-06-30 0001287750 arcc:IvyHillAssetManagementLPEquityInvestmentMember 2025-12-31 0001287750 arcc:IvyHillAssetManagementLPDebtInvestmentMember 2026-01-01 2026-06-30 0001287750 arcc:IvyHillAssetManagementLPDebtInvestmentMember 2025-01-01 2025-12-31 0001287750 arcc:IvyHillAssetManagementLPMember 2026-04-01 2026-06-30 0001287750 arcc:IvyHillAssetManagementLPMember 2025-04-01 2025-06-30 0001287750 arcc:IvyHillAssetManagementLPMember 2026-01-01 2026-06-30 0001287750 arcc:IvyHillAssetManagementLPMember 2025-01-01 2025-06-30 0001287750 arcc:IvyHillAssetManagementLPMember 2026-01-01 2026-06-30 0001287750 arcc:IvyHillAssetManagementLPMember 2025-01-01 2025-06-30 0001287750 arcc:IvyHillAssetManagementLPMember arcc:IvyHillAssetManagementLPMember us-gaap:OperatingSegmentsMember 2026-06-30 0001287750 arcc:IHAMVehiclesMember arcc:IvyHillAssetManagementLPMember us-gaap:OperatingSegmentsMember 2026-06-30 0001287750 us-gaap:IntersegmentEliminationMember arcc:IvyHillAssetManagementLPMember 2026-06-30 0001287750 arcc:IvyHillAssetManagementLPMember arcc:IvyHillAssetManagementLPMember us-gaap:OperatingSegmentsMember 2025-12-31 0001287750 arcc:IHAMVehiclesMember arcc:IvyHillAssetManagementLPMember us-gaap:OperatingSegmentsMember 2025-12-31 0001287750 us-gaap:IntersegmentEliminationMember arcc:IvyHillAssetManagementLPMember 2025-12-31 0001287750 arcc:IHAMVehiclesMember arcc:IvyHillAssetManagementLPMember us-gaap:IntersegmentEliminationMember 2026-06-30 0001287750 arcc:IHAMVehiclesMember arcc:IvyHillAssetManagementLPMember us-gaap:IntersegmentEliminationMember 2025-12-31 0001287750 arcc:IHAMVehiclesMember arcc:IvyHillAssetManagementLPMember us-gaap:OperatingSegmentsMember 2026-04-01 2026-06-30 0001287750 us-gaap:IntersegmentEliminationMember arcc:IvyHillAssetManagementLPMember 2026-04-01 2026-06-30 0001287750 arcc:IHAMVehiclesMember arcc:IvyHillAssetManagementLPMember us-gaap:OperatingSegmentsMember 2026-01-01 2026-06-30 0001287750 us-gaap:IntersegmentEliminationMember arcc:IvyHillAssetManagementLPMember 2026-01-01 2026-06-30 0001287750 arcc:IHAMVehiclesMember arcc:IvyHillAssetManagementLPMember us-gaap:OperatingSegmentsMember 2025-04-01 2025-06-30 0001287750 us-gaap:IntersegmentEliminationMember arcc:IvyHillAssetManagementLPMember 2025-04-01 2025-06-30 0001287750 arcc:IHAMVehiclesMember arcc:IvyHillAssetManagementLPMember us-gaap:OperatingSegmentsMember 2025-01-01 2025-06-30 0001287750 us-gaap:IntersegmentEliminationMember arcc:IvyHillAssetManagementLPMember 2025-01-01 2025-06-30 0001287750 arcc:ClientOfVaragonMember arcc:SeniorDirectLendingProgramMember 2025-12-31 0001287750 arcc:ClientOfVaragonMember arcc:SeniorDirectLendingProgramMember 2026-06-30 0001287750 Senior Direct Lending Program arcc:SeniorDirectLendingProgramMember 2026-06-30 0001287750 arcc:SeniorDirectLendingProgramMember 2026-04-01 2026-06-30 0001287750 arcc:SeniorDirectLendingProgramMember 2025-04-01 2025-06-30 0001287750 arcc:SeniorDirectLendingProgramMember 2026-01-01 2026-06-30 0001287750 arcc:SeniorDirectLendingProgramMember 2025-01-01 2025-06-30 0001287750 arcc:DebtSecuritiesFirstLienSeniorSecuredLoansMember arcc:SeniorDirectLendingProgramMember 2026-06-30 0001287750 arcc:DebtSecuritiesFirstLienSeniorSecuredLoansMember arcc:SeniorDirectLendingProgramMember 2025-12-31 0001287750 Largest Portfolio Company Investment arcc:SeniorDirectLendingProgramMember 2026-06-30 0001287750 Largest Portfolio Company Investment arcc:SeniorDirectLendingProgramMember 2025-12-31 0001287750 Top Five Largest Portfolio Company Investments arcc:SeniorDirectLendingProgramMember 2026-06-30 0001287750 Top Five Largest Portfolio Company Investments arcc:SeniorDirectLendingProgramMember 2025-12-31 0001287750 arcc:DebtSecuritiesFirstLienSeniorSecuredLoansUnitrancheMember arcc:SeniorDirectLendingProgramMember 2026-06-30 0001287750 arcc:DebtSecuritiesFirstLienSeniorSecuredLoansUnitrancheMember arcc:SeniorDirectLendingProgramMember 2025-12-31 0001287750 2019-06-20 0001287750 2019-06-21 0001287750 us-gaap:LineOfCreditMember arcc:SeniorSecuredRevolvingCreditFacilityMember 2026-06-30 0001287750 us-gaap:LineOfCreditMember arcc:SeniorSecuredRevolvingCreditFacilityMember 2025-12-31 0001287750 us-gaap:LineOfCreditMember arcc:RevolvingFundingFacilityMember 2026-06-30 0001287750 us-gaap:LineOfCreditMember arcc:RevolvingFundingFacilityMember 2025-12-31 0001287750 us-gaap:LineOfCreditMember arcc:SMBCFundingFacilityMember 2026-06-30 0001287750 us-gaap:LineOfCreditMember arcc:SMBCFundingFacilityMember 2025-12-31 0001287750 us-gaap:LineOfCreditMember arcc:BNPFundingFacilityMember 2026-06-30 0001287750 us-gaap:LineOfCreditMember arcc:BNPFundingFacilityMember 2025-12-31 0001287750 us-gaap:SecuredDebtMember arcc:April2036CLOSecuredNotesMember 2026-06-30 0001287750 us-gaap:SecuredDebtMember arcc:April2036CLOSecuredNotesMember 2025-12-31 0001287750 us-gaap:SecuredDebtMember arcc:October2036CLOSecuredLoansMember 2026-06-30 0001287750 us-gaap:SecuredDebtMember arcc:October2036CLOSecuredLoansMember 2025-12-31 0001287750 us-gaap:SecuredDebtMember arcc:January2038CLONotesMember 2026-06-30 0001287750 us-gaap:SecuredDebtMember arcc:January2038CLONotesMember 2025-12-31 0001287750 us-gaap:SeniorNotesMember arcc:January2026NotesMember 2026-06-30 0001287750 us-gaap:SeniorNotesMember arcc:January2026NotesMember 2025-12-31 0001287750 us-gaap:SeniorNotesMember arcc:July2026NotesMember 2026-06-30 0001287750 us-gaap:SeniorNotesMember arcc:July2026NotesMember 2025-12-31 0001287750 us-gaap:SeniorNotesMember arcc:January2027NotesMember 2026-06-30 0001287750 us-gaap:SeniorNotesMember arcc:January2027NotesMember 2025-12-31 0001287750 us-gaap:SeniorNotesMember arcc:June2027NotesMember 2026-06-30 0001287750 us-gaap:SeniorNotesMember arcc:June2027NotesMember 2025-12-31 0001287750 us-gaap:SeniorNotesMember arcc:June2028NotesMember 2026-06-30 0001287750 us-gaap:SeniorNotesMember arcc:June2028NotesMember 2025-12-31 0001287750 us-gaap:SeniorNotesMember arcc:March2029NotesMember 2026-06-30 0001287750 us-gaap:SeniorNotesMember arcc:March2029NotesMember 2025-12-31 0001287750 us-gaap:SeniorNotesMember arcc:July2029NotesMember 2026-06-30 0001287750 us-gaap:SeniorNotesMember arcc:July2029NotesMember 2025-12-31 0001287750 us-gaap:SeniorNotesMember arcc:January2030NotesMember 2026-06-30 0001287750 us-gaap:SeniorNotesMember arcc:January2030NotesMember 2025-12-31 0001287750 us-gaap:SeniorNotesMember arcc:September2030NotesMember 2026-06-30 0001287750 us-gaap:SeniorNotesMember arcc:September2030NotesMember 2025-12-31 0001287750 us-gaap:SeniorNotesMember arcc:January2031NotesMember 2026-06-30 0001287750 us-gaap:SeniorNotesMember arcc:January2031NotesMember 2025-12-31 0001287750 us-gaap:SeniorNotesMember arcc:April2031NotesMember 2026-06-30 0001287750 us-gaap:SeniorNotesMember arcc:April2031NotesMember 2025-12-31 0001287750 us-gaap:SeniorNotesMember arcc:November2031NotesMember 2026-06-30 0001287750 us-gaap:SeniorNotesMember arcc:November2031NotesMember 2025-12-31 0001287750 us-gaap:SeniorNotesMember arcc:March2032NotesMember 2026-06-30 0001287750 us-gaap:SeniorNotesMember arcc:March2032NotesMember 2025-12-31 0001287750 arcc:SeniorSecuredRevolvingCreditFacilityMember 2026-06-30 0001287750 arcc:SeniorSecuredRevolvingCreditFacilityMember 2025-12-31 0001287750 arcc:SMBCFundingFacilityMember 2026-06-30 0001287750 arcc:SMBCFundingFacilityMember 2025-12-31 0001287750 srt:WeightedAverageMember 2026-01-01 2026-06-30 0001287750 srt:WeightedAverageMember 2025-01-01 2025-12-31 0001287750 us-gaap:LineOfCreditMember arcc:SeniorSecuredRevolvingCreditFacilityMember us-gaap:RevolvingCreditFacilityMember 2026-06-30 0001287750 us-gaap:LineOfCreditMember arcc:SeniorSecuredRevolvingCreditFacilityMember us-gaap:SecuredDebtMember 2026-06-30 0001287750 us-gaap:LineOfCreditMember arcc:SeniorSecuredRevolvingCreditFacilityMember us-gaap:DebtInstrumentRedemptionPeriodOneMember us-gaap:RevolvingCreditFacilityMember 2026-06-30 0001287750 us-gaap:LineOfCreditMember arcc:SeniorSecuredRevolvingCreditFacilityMember us-gaap:DebtInstrumentRedemptionPeriodTwoMember us-gaap:RevolvingCreditFacilityMember 2026-06-30 0001287750 us-gaap:LineOfCreditMember arcc:SeniorSecuredRevolvingCreditFacilityMember us-gaap:DebtInstrumentRedemptionPeriodThreeMember us-gaap:RevolvingCreditFacilityMember 2026-06-30 0001287750 us-gaap:LineOfCreditMember arcc:SeniorSecuredRevolvingCreditFacilityMember us-gaap:DebtInstrumentRedemptionPeriodOneMember us-gaap:SecuredDebtMember 2026-06-30 0001287750 us-gaap:LineOfCreditMember arcc:SeniorSecuredRevolvingCreditFacilityMember us-gaap:DebtInstrumentRedemptionPeriodTwoMember us-gaap:SecuredDebtMember 2026-06-30 0001287750 us-gaap:LineOfCreditMember arcc:SeniorSecuredRevolvingCreditFacilityMember us-gaap:DebtInstrumentRedemptionPeriodThreeMember us-gaap:SecuredDebtMember 2026-06-30 0001287750 us-gaap:LineOfCreditMember arcc:SeniorSecuredRevolvingCreditFacilityMember us-gaap:DebtInstrumentRedemptionPeriodFourMember us-gaap:SecuredDebtMember 2026-06-30 0001287750 us-gaap:LineOfCreditMember arcc:SeniorSecuredRevolvingCreditFacilityMember us-gaap:LetterOfCreditMember 2026-06-30 0001287750 us-gaap:LineOfCreditMember arcc:SeniorSecuredRevolvingCreditFacilityMember us-gaap:LetterOfCreditMember 2025-12-31 0001287750 us-gaap:LineOfCreditMember arcc:SeniorSecuredRevolvingCreditFacilityMember us-gaap:BaseRateMember 2026-01-01 2026-06-30 0001287750 us-gaap:LineOfCreditMember arcc:SeniorSecuredRevolvingCreditFacilityMember srt:MinimumMember us-gaap:BaseRateMember 2026-01-01 2026-06-30 0001287750 us-gaap:LineOfCreditMember arcc:SeniorSecuredRevolvingCreditFacilityMember srt:MaximumMember us-gaap:BaseRateMember 2026-01-01 2026-06-30 0001287750 us-gaap:LineOfCreditMember arcc:SeniorSecuredRevolvingCreditFacilityMember arcc:AlternateBaseRateMember 2026-01-01 2026-06-30 0001287750 us-gaap:LineOfCreditMember arcc:SeniorSecuredRevolvingCreditFacilityMember srt:MinimumMember arcc:AlternateBaseRateMember 2026-01-01 2026-06-30 0001287750 us-gaap:LineOfCreditMember arcc:SeniorSecuredRevolvingCreditFacilityMember srt:MaximumMember arcc:AlternateBaseRateMember 2026-01-01 2026-06-30 0001287750 arcc:SeniorSecuredRevolvingCreditFacilityMember 2026-01-01 2026-06-30 0001287750 us-gaap:LineOfCreditMember arcc:SeniorSecuredRevolvingCreditFacilityMember 2025-04-15 2026-05-20 0001287750 us-gaap:LineOfCreditMember us-gaap:RevolvingCreditFacilityMember 2022-04-01 2024-09-30 0001287750 us-gaap:LineOfCreditMember srt:MinimumMember us-gaap:RevolvingCreditFacilityMember us-gaap:BaseRateMember 2026-01-01 2026-06-30 0001287750 us-gaap:LineOfCreditMember srt:MaximumMember us-gaap:RevolvingCreditFacilityMember us-gaap:BaseRateMember 2026-01-01 2026-06-30 0001287750 us-gaap:LineOfCreditMember srt:MinimumMember us-gaap:RevolvingCreditFacilityMember arcc:AlternateBaseRateMember 2026-01-01 2026-06-30 0001287750 us-gaap:LineOfCreditMember srt:MaximumMember us-gaap:RevolvingCreditFacilityMember arcc:AlternateBaseRateMember 2026-01-01 2026-06-30 0001287750 us-gaap:RevolvingCreditFacilityMember 2026-01-01 2026-06-30 0001287750 us-gaap:LineOfCreditMember arcc:SeniorSecuredRevolvingCreditFacilityMember 2026-01-01 2026-06-30 0001287750 us-gaap:RevolvingCreditFacilityMember srt:MinimumMember 2026-01-01 2026-06-30 0001287750 arcc:SeniorSecuredRevolvingCreditFacilityMember srt:MinimumMember 2026-01-01 2026-06-30 0001287750 arcc:SeniorSecuredRevolvingCreditFacilityMember srt:MaximumMember 2026-01-01 2026-06-30 0001287750 us-gaap:LineOfCreditMember arcc:SeniorSecuredRevolvingCreditFacilityMember 2026-04-01 2026-06-30 0001287750 us-gaap:LineOfCreditMember arcc:SeniorSecuredRevolvingCreditFacilityMember 2025-04-01 2025-06-30 0001287750 us-gaap:LineOfCreditMember arcc:SeniorSecuredRevolvingCreditFacilityMember 2025-01-01 2025-06-30 0001287750 arcc:SeniorSecuredRevolvingCreditFacilityMember 2026-04-01 2026-06-30 0001287750 arcc:SeniorSecuredRevolvingCreditFacilityMember 2025-04-01 2025-06-30 0001287750 arcc:SeniorSecuredRevolvingCreditFacilityMember 2025-01-01 2025-06-30 0001287750 us-gaap:CommercialPaperMember arcc:CPProgramMember 2026-06-30 0001287750 us-gaap:CommercialPaperMember arcc:CPProgramMember 2026-01-01 2026-06-30 0001287750 us-gaap:LineOfCreditMember arcc:LetterOfCreditFacilityMember us-gaap:LetterOfCreditMember 2026-06-30 0001287750 us-gaap:LineOfCreditMember arcc:LetterOfCreditFacilityMember us-gaap:LetterOfCreditMember 2025-12-31 0001287750 us-gaap:LineOfCreditMember arcc:RevolvingFundingFacilityMember 2025-07-28 2025-07-28 0001287750 us-gaap:LineOfCreditMember arcc:RevolvingFundingFacilityMember 2024-10-08 2025-07-27 0001287750 us-gaap:LineOfCreditMember arcc:RevolvingFundingFacilityMember srt:MinimumMember 2026-01-01 2026-06-30 0001287750 us-gaap:LineOfCreditMember arcc:RevolvingFundingFacilityMember srt:MaximumMember 2026-01-01 2026-06-30 0001287750 us-gaap:LineOfCreditMember arcc:RevolvingFundingFacilityMember 2026-04-01 2026-06-30 0001287750 us-gaap:LineOfCreditMember arcc:RevolvingFundingFacilityMember 2025-04-01 2025-06-30 0001287750 us-gaap:LineOfCreditMember arcc:RevolvingFundingFacilityMember 2026-01-01 2026-06-30 0001287750 us-gaap:LineOfCreditMember arcc:RevolvingFundingFacilityMember 2025-01-01 2025-06-30 0001287750 arcc:RevolvingFundingFacilityMember 2026-04-01 2026-06-30 0001287750 arcc:RevolvingFundingFacilityMember 2025-04-01 2025-06-30 0001287750 arcc:RevolvingFundingFacilityMember 2026-01-01 2026-06-30 0001287750 arcc:RevolvingFundingFacilityMember 2025-01-01 2025-06-30 0001287750 us-gaap:LineOfCreditMember arcc:SMBCFundingFacilityMember 2026-01-01 2026-06-30 0001287750 us-gaap:LineOfCreditMember arcc:SMBCFundingFacilityMember us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember 2026-02-25 2026-03-31 0001287750 us-gaap:LineOfCreditMember arcc:SMBCFundingFacilityMember us-gaap:BaseRateMember 2026-02-25 2026-03-31 0001287750 us-gaap:LineOfCreditMember arcc:SMBCFundingFacilityMember us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember 2025-07-25 2026-02-24 0001287750 us-gaap:LineOfCreditMember arcc:SMBCFundingFacilityMember us-gaap:BaseRateMember 2025-07-25 2026-02-24 0001287750 us-gaap:LineOfCreditMember arcc:SMBCFundingFacilityMember us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember 2024-12-06 2025-07-24 0001287750 us-gaap:LineOfCreditMember arcc:SMBCFundingFacilityMember us-gaap:BaseRateMember 2024-12-06 2025-07-24 0001287750 arcc:SMBCFundingFacilityMember srt:MinimumMember 2026-01-01 2026-06-30 0001287750 arcc:SMBCFundingFacilityMember srt:MaximumMember 2026-01-01 2026-06-30 0001287750 us-gaap:LineOfCreditMember arcc:SMBCFundingFacilityMember 2026-04-01 2026-06-30 0001287750 us-gaap:LineOfCreditMember arcc:SMBCFundingFacilityMember 2025-04-01 2025-06-30 0001287750 us-gaap:LineOfCreditMember arcc:SMBCFundingFacilityMember 2025-01-01 2025-06-30 0001287750 arcc:SMBCFundingFacilityMember 2026-04-01 2026-06-30 0001287750 arcc:SMBCFundingFacilityMember 2025-04-01 2025-06-30 0001287750 arcc:SMBCFundingFacilityMember 2026-01-01 2026-06-30 0001287750 arcc:SMBCFundingFacilityMember 2025-01-01 2025-06-30 0001287750 us-gaap:LineOfCreditMember arcc:BNPFundingFacilityMember arcc:BaseRateDuringReinvestmentPeriodMember 2022-04-20 2022-04-20 0001287750 us-gaap:LineOfCreditMember arcc:BNPFundingFacilityMember arcc:BaseRateAfterReinvestmentPeriodMember 2025-03-20 2026-03-31 0001287750 arcc:BNPFundingFacilityMember srt:MinimumMember 2026-01-01 2026-06-30 0001287750 arcc:BNPFundingFacilityMember srt:MaximumMember 2026-01-01 2026-06-30 0001287750 us-gaap:LineOfCreditMember arcc:BNPFundingFacilityMember srt:MinimumMember 2026-01-01 2026-06-30 0001287750 us-gaap:LineOfCreditMember arcc:BNPFundingFacilityMember srt:MaximumMember 2026-01-01 2026-06-30 0001287750 us-gaap:LineOfCreditMember arcc:BNPFundingFacilityMember 2026-04-01 2026-06-30 0001287750 us-gaap:LineOfCreditMember arcc:BNPFundingFacilityMember 2025-04-01 2025-06-30 0001287750 us-gaap:LineOfCreditMember arcc:BNPFundingFacilityMember 2026-01-01 2026-06-30 0001287750 us-gaap:LineOfCreditMember arcc:BNPFundingFacilityMember 2025-01-01 2025-06-30 0001287750 arcc:BNPFundingFacilityMember 2026-04-01 2026-06-30 0001287750 arcc:BNPFundingFacilityMember 2025-04-01 2025-06-30 0001287750 arcc:BNPFundingFacilityMember 2026-01-01 2026-06-30 0001287750 arcc:BNPFundingFacilityMember 2025-01-01 2025-06-30 0001287750 arcc:ADLCLO1DebtSecuritizationMember 2026-06-30 0001287750 arcc:ADLCLO4DebtSecuritizationMember 2026-06-30 0001287750 arcc:ADLCLO7DebtSecuritizationMember 2026-06-30 0001287750 us-gaap:SecuredDebtMember arcc:April2036ClassACLONotesMember 2026-06-30 0001287750 us-gaap:SecuredDebtMember arcc:April2036ClassACLONotesMember 2026-01-01 2026-06-30 0001287750 us-gaap:SecuredDebtMember arcc:April2036ClassBCLONotesMember 2026-06-30 0001287750 us-gaap:SecuredDebtMember arcc:April2036ClassBCLONotesMember 2026-01-01 2026-06-30 0001287750 us-gaap:SubordinatedDebtMember arcc:April2036CLOSecuredNotesMember 2026-06-30 0001287750 arcc:April2036CLOSecuredNotesMember 2026-06-30 0001287750 us-gaap:SecuredDebtMember arcc:October2036ClassACLOLoansMember 2026-06-30 0001287750 us-gaap:SecuredDebtMember arcc:October2036ClassACLOLoansMember 2026-01-01 2026-06-30 0001287750 us-gaap:SecuredDebtMember arcc:October2036ClassBCLOLoansMember 2026-06-30 0001287750 us-gaap:SecuredDebtMember arcc:October2036ClassBCLOLoansMember 2026-01-01 2026-06-30 0001287750 us-gaap:SecuredDebtMember arcc:October2036CLOSubordinatedNotesMember 2026-06-30 0001287750 us-gaap:SecuredDebtMember arcc:April2036CLOSecuredNotesMember 2025-06-30 0001287750 us-gaap:SubordinatedDebtMember arcc:October2036CLOSubordinatedNotesMember 2026-06-30 0001287750 arcc:October2036CLOSubordinatedNotesMember 2026-06-30 0001287750 us-gaap:SecuredDebtMember arcc:January2038ClassA1CLONotesMember 2026-06-30 0001287750 us-gaap:SecuredDebtMember arcc:January2038ClassA1CLONotesMember 2026-01-01 2026-06-30 0001287750 us-gaap:SecuredDebtMember arcc:January2038ClassA2CLONotesMember 2026-06-30 0001287750 us-gaap:SecuredDebtMember arcc:January2038ClassA2CLONotesMember 2026-01-01 2026-06-30 0001287750 us-gaap:SecuredDebtMember arcc:January2038ClassBCLONotesMember 2026-06-30 0001287750 us-gaap:SecuredDebtMember arcc:January2038ClassBCLONotesMember 2026-01-01 2026-06-30 0001287750 us-gaap:SecuredDebtMember arcc:January2038CLOSubordinatedNotesMember 2026-06-30 0001287750 us-gaap:SecuredDebtMember arcc:April2036CLOSecuredNotesMember 2024-06-30 0001287750 us-gaap:SubordinatedDebtMember arcc:January2038CLOSubordinatedNotesMember 2026-06-30 0001287750 arcc:January2038CLOSubordinatedNotesMember 2026-06-30 0001287750 us-gaap:SecuredDebtMember arcc:April2036CLOSecuredNotesMember 2026-04-01 2026-06-30 0001287750 us-gaap:SecuredDebtMember arcc:April2036CLOSecuredNotesMember 2025-04-01 2025-06-30 0001287750 us-gaap:SecuredDebtMember arcc:April2036CLOSecuredNotesMember 2026-01-01 2026-06-30 0001287750 us-gaap:SecuredDebtMember arcc:April2036CLOSecuredNotesMember 2025-01-01 2025-06-30 0001287750 us-gaap:SeniorNotesMember arcc:January2026NotesMember 2026-01-01 2026-01-31 0001287750 us-gaap:SeniorNotesMember arcc:January2026NotesMember 2026-01-31 0001287750 us-gaap:SeniorNotesMember 2026-04-01 2026-06-30 0001287750 us-gaap:SeniorNotesMember 2025-04-01 2025-06-30 0001287750 us-gaap:SeniorNotesMember 2026-01-01 2026-06-30 0001287750 us-gaap:SeniorNotesMember 2025-01-01 2025-06-30 0001287750 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:SeniorNotesMember us-gaap:InterestRateSwapMember 2026-04-01 2026-06-30 0001287750 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:SeniorNotesMember us-gaap:InterestRateSwapMember 2025-04-01 2025-06-30 0001287750 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:SeniorNotesMember us-gaap:InterestRateSwapMember 2026-01-01 2026-06-30 0001287750 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:SeniorNotesMember us-gaap:InterestRateSwapMember 2025-01-01 2025-06-30 0001287750 arcc:ForeignCurrencyForwardContractJapanMember 2026-06-30 0001287750 arcc:ForeignCurrencyForwardContractCAD1Member 2026-06-30 0001287750 arcc:ForeignCurrencyForwardContractEUR1Member 2026-06-30 0001287750 arcc:ForeignCurrencyForwardContractGBP1Member 2026-06-30 0001287750 arcc:ForeignCurrencyForwardContractCAD2Member 2026-06-30 0001287750 arcc:ForeignCurrencyForwardContractGBP2Member 2026-06-30 0001287750 arcc:ForeignCurrencyForwardContractNZDMember 2026-06-30 0001287750 arcc:ForeignCurrencyForwardContractNOKMember 2026-06-30 0001287750 arcc:ForeignCurrencyForwardContractEUR2Member 2026-06-30 0001287750 arcc:ForeignCurrencyForwardContractAUDMember 2026-06-30 0001287750 arcc:ForeignCurrencyForwardContractJapanMember 2025-12-31 0001287750 arcc:ForeignCurrencyForwardContractCAD1Member 2025-12-31 0001287750 arcc:ForeignCurrencyForwardContractGBP1Member 2025-12-31 0001287750 arcc:ForeignCurrencyForwardContractGBP2Member 2025-12-31 0001287750 arcc:ForeignCurrencyForwardContractEUR1Member 2025-12-31 0001287750 arcc:ForeignCurrencyForwardContractEUR2Member 2025-12-31 0001287750 arcc:ForeignCurrencyForwardContractCAD2Member 2025-12-31 0001287750 arcc:ForeignCurrencyForwardContractNZDMember 2025-12-31 0001287750 arcc:ForeignCurrencyForwardContractNOKMember 2025-12-31 0001287750 arcc:ForeignCurrencyForwardContractAUDMember 2025-12-31 0001287750 us-gaap:ForeignExchangeForwardMember 2026-04-01 2026-06-30 0001287750 us-gaap:ForeignExchangeForwardMember 2025-04-01 2025-06-30 0001287750 us-gaap:ForeignExchangeForwardMember 2026-01-01 2026-06-30 0001287750 us-gaap:ForeignExchangeForwardMember 2025-01-01 2025-06-30 0001287750 us-gaap:DesignatedAsHedgingInstrumentMember arcc:January2027NotesMember us-gaap:InterestRateSwapMember 2026-06-30 0001287750 us-gaap:DesignatedAsHedgingInstrumentMember arcc:March2029NotesMember us-gaap:InterestRateSwapMember 2026-06-30 0001287750 us-gaap:DesignatedAsHedgingInstrumentMember arcc:July2029NotesMember us-gaap:InterestRateSwapMember 2026-06-30 0001287750 us-gaap:DesignatedAsHedgingInstrumentMember arcc:January2030NotesMember us-gaap:InterestRateSwapMember 2026-06-30 0001287750 us-gaap:DesignatedAsHedgingInstrumentMember arcc:March2032NotesMember us-gaap:InterestRateSwapMember 2026-06-30 0001287750 us-gaap:DesignatedAsHedgingInstrumentMember arcc:September2030NotesMember us-gaap:InterestRateSwapMember 2026-06-30 0001287750 us-gaap:DesignatedAsHedgingInstrumentMember arcc:January2031NotesMember us-gaap:InterestRateSwapMember 2026-06-30 0001287750 us-gaap:DesignatedAsHedgingInstrumentMember arcc:April2031NotesMember us-gaap:InterestRateSwapMember 2026-06-30 0001287750 arcc:InterestRateSwap1Member 2026-06-30 0001287750 arcc:InterestRateSwap1Member us-gaap:OtherAssets 2026-06-30 0001287750 arcc:InterestRateSwap2Member 2026-06-30 0001287750 arcc:InterestRateSwap2Member us-gaap:AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent 2026-06-30 0001287750 arcc:InterestRateSwap3Member 2026-06-30 0001287750 arcc:InterestRateSwap3Member us-gaap:OtherAssets 2026-06-30 0001287750 arcc:InterestRateSwap4Member 2026-06-30 0001287750 arcc:InterestRateSwap4Member us-gaap:AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent 2026-06-30 0001287750 arcc:InterestRateSwap5Member 2026-06-30 0001287750 arcc:InterestRateSwap5Member us-gaap:AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent 2026-06-30 0001287750 arcc:InterestRateSwap6Member 2026-06-30 0001287750 arcc:InterestRateSwap6Member us-gaap:AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent 2026-06-30 0001287750 arcc:InterestRateSwap7Member 2026-06-30 0001287750 arcc:InterestRateSwap7Member us-gaap:AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent 2026-06-30 0001287750 arcc:InterestRateSwap8Member 2026-06-30 0001287750 arcc:InterestRateSwap8Member us-gaap:OtherAssets 2026-06-30 0001287750 arcc:January2027NotesMember us-gaap:InterestRateSwapMember 2026-01-01 2026-06-30 0001287750 arcc:March2029NotesMember us-gaap:InterestRateSwapMember 2026-01-01 2026-06-30 0001287750 arcc:July2029NotesMember us-gaap:InterestRateSwapMember 2026-01-01 2026-06-30 0001287750 arcc:January2030NotesMember us-gaap:InterestRateSwapMember 2026-01-01 2026-06-30 0001287750 arcc:September2030NotesMember us-gaap:InterestRateSwapMember 2026-01-01 2026-06-30 0001287750 arcc:January2031NotesMember us-gaap:InterestRateSwapMember 2026-01-01 2026-06-30 0001287750 arcc:April2031NotesMember us-gaap:InterestRateSwapMember 2026-01-01 2026-06-30 0001287750 arcc:March2032NotesMember us-gaap:InterestRateSwapMember 2026-01-01 2026-06-30 0001287750 arcc:InterestRateSwap1Member 2025-12-31 0001287750 arcc:InterestRateSwap1Member us-gaap:OtherAssets 2025-12-31 0001287750 arcc:InterestRateSwap2Member 2025-12-31 0001287750 arcc:InterestRateSwap2Member us-gaap:OtherAssets 2025-12-31 0001287750 arcc:InterestRateSwap3Member 2025-12-31 0001287750 arcc:InterestRateSwap3Member us-gaap:OtherAssets 2025-12-31 0001287750 arcc:InterestRateSwap4Member 2025-12-31 0001287750 arcc:InterestRateSwap4Member us-gaap:OtherAssets 2025-12-31 0001287750 arcc:InterestRateSwap5Member 2025-12-31 0001287750 arcc:InterestRateSwap5Member us-gaap:AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent 2025-12-31 0001287750 arcc:InterestRateSwap6Member 2025-12-31 0001287750 arcc:InterestRateSwap6Member us-gaap:OtherAssets 2025-12-31 0001287750 arcc:January2027NotesMember us-gaap:InterestRateSwapMember 2025-01-01 2025-12-31 0001287750 arcc:March2029NotesMember us-gaap:InterestRateSwapMember 2025-01-01 2025-12-31 0001287750 arcc:July2029NotesMember us-gaap:InterestRateSwapMember 2025-01-01 2025-12-31 0001287750 arcc:September2030NotesMember us-gaap:InterestRateSwapMember 2025-01-01 2025-12-31 0001287750 arcc:January2031NotesMember us-gaap:InterestRateSwapMember 2025-01-01 2025-12-31 0001287750 arcc:March2032NotesMember us-gaap:InterestRateSwapMember 2025-01-01 2025-12-31 0001287750 arcc:RevolvingLoanCommitmentsMember 2026-06-30 0001287750 arcc:RevolvingLoanCommitmentsMember 2025-12-31 0001287750 us-gaap:DelayedDrawTermLoanMember 2026-06-30 0001287750 us-gaap:DelayedDrawTermLoanMember 2025-12-31 0001287750 us-gaap:LetterOfCreditMember 2026-06-30 0001287750 us-gaap:FairValueInputsLevel12And3Member 2026-06-30 0001287750 us-gaap:FairValueInputsLevel1Member 2026-06-30 0001287750 us-gaap:FairValueInputsLevel2Member 2026-06-30 0001287750 us-gaap:FairValueInputsLevel3Member 2026-06-30 0001287750 us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember 2026-06-30 0001287750 us-gaap:ForeignExchangeForwardMember 2026-06-30 0001287750 us-gaap:ForeignExchangeForwardMember us-gaap:FairValueInputsLevel1Member 2026-06-30 0001287750 us-gaap:ForeignExchangeForwardMember us-gaap:FairValueInputsLevel2Member 2026-06-30 0001287750 us-gaap:ForeignExchangeForwardMember us-gaap:FairValueInputsLevel3Member 2026-06-30 0001287750 us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel1Member 2026-06-30 0001287750 us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel2Member 2026-06-30 0001287750 us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel3Member 2026-06-30 0001287750 us-gaap:FairValueInputsLevel12And3Member 2025-12-31 0001287750 us-gaap:FairValueInputsLevel1Member 2025-12-31 0001287750 us-gaap:FairValueInputsLevel2Member 2025-12-31 0001287750 us-gaap:FairValueInputsLevel3Member 2025-12-31 0001287750 us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember 2025-12-31 0001287750 us-gaap:ForeignExchangeForwardMember 2025-12-31 0001287750 us-gaap:ForeignExchangeForwardMember us-gaap:FairValueInputsLevel1Member 2025-12-31 0001287750 us-gaap:ForeignExchangeForwardMember us-gaap:FairValueInputsLevel2Member 2025-12-31 0001287750 us-gaap:ForeignExchangeForwardMember us-gaap:FairValueInputsLevel3Member 2025-12-31 0001287750 us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel1Member 2025-12-31 0001287750 us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel2Member 2025-12-31 0001287750 us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel3Member 2025-12-31 0001287750 arcc:DebtSecuritiesFirstLienSeniorSecuredLoansMember us-gaap:FairValueInputsLevel3Member arcc:ValuationTechniqueYieldAnalysisMember 2026-06-30 0001287750 arcc:DebtSecuritiesFirstLienSeniorSecuredLoansMember us-gaap:MeasurementInputCreditSpreadMember srt:MinimumMember us-gaap:FairValueInputsLevel3Member arcc:ValuationTechniqueYieldAnalysisMember 2026-06-30 0001287750 arcc:DebtSecuritiesFirstLienSeniorSecuredLoansMember us-gaap:MeasurementInputCreditSpreadMember srt:MaximumMember us-gaap:FairValueInputsLevel3Member arcc:ValuationTechniqueYieldAnalysisMember 2026-06-30 0001287750 arcc:DebtSecuritiesFirstLienSeniorSecuredLoansMember us-gaap:MeasurementInputCreditSpreadMember srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member arcc:ValuationTechniqueYieldAnalysisMember 2026-06-30 0001287750 arcc:DebtSecuritiesSecondLienSeniorSecuredLoansMember us-gaap:FairValueInputsLevel3Member arcc:ValuationTechniqueYieldAnalysisMember 2026-06-30 0001287750 arcc:DebtSecuritiesSecondLienSeniorSecuredLoansMember us-gaap:MeasurementInputCreditSpreadMember srt:MinimumMember us-gaap:FairValueInputsLevel3Member arcc:ValuationTechniqueYieldAnalysisMember 2026-06-30 0001287750 arcc:DebtSecuritiesSecondLienSeniorSecuredLoansMember us-gaap:MeasurementInputCreditSpreadMember srt:MaximumMember us-gaap:FairValueInputsLevel3Member arcc:ValuationTechniqueYieldAnalysisMember 2026-06-30 0001287750 arcc:DebtSecuritiesSecondLienSeniorSecuredLoansMember us-gaap:MeasurementInputCreditSpreadMember srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member arcc:ValuationTechniqueYieldAnalysisMember 2026-06-30 0001287750 arcc:SubordinatedCertificatesOfTheSDLPMember us-gaap:FairValueInputsLevel3Member us-gaap:ValuationTechniqueDiscountedCashFlowMember 2026-06-30 0001287750 arcc:SubordinatedCertificatesOfTheSDLPMember us-gaap:MeasurementInputDiscountRateMember srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:ValuationTechniqueDiscountedCashFlowMember 2026-06-30 0001287750 arcc:SubordinatedCertificatesOfTheSDLPMember us-gaap:MeasurementInputDiscountRateMember srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:ValuationTechniqueDiscountedCashFlowMember 2026-06-30 0001287750 arcc:SubordinatedCertificatesOfTheSDLPMember us-gaap:MeasurementInputDiscountRateMember srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member us-gaap:ValuationTechniqueDiscountedCashFlowMember 2026-06-30 0001287750 us-gaap:SeniorSubordinatedLoansMember us-gaap:FairValueInputsLevel3Member arcc:ValuationTechniqueYieldAnalysisMember 2026-06-30 0001287750 us-gaap:SeniorSubordinatedLoansMember us-gaap:MeasurementInputCreditSpreadMember srt:MinimumMember us-gaap:FairValueInputsLevel3Member arcc:ValuationTechniqueYieldAnalysisMember 2026-06-30 0001287750 us-gaap:SeniorSubordinatedLoansMember us-gaap:MeasurementInputCreditSpreadMember srt:MaximumMember us-gaap:FairValueInputsLevel3Member arcc:ValuationTechniqueYieldAnalysisMember 2026-06-30 0001287750 us-gaap:SeniorSubordinatedLoansMember us-gaap:MeasurementInputCreditSpreadMember srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member arcc:ValuationTechniqueYieldAnalysisMember 2026-06-30 0001287750 us-gaap:PreferredStockMember us-gaap:FairValueInputsLevel3Member arcc:ValuationTechniqueYieldAnalysisMember 2026-06-30 0001287750 us-gaap:PreferredStockMember us-gaap:MeasurementInputCreditSpreadMember srt:MinimumMember us-gaap:FairValueInputsLevel3Member arcc:ValuationTechniqueYieldAnalysisMember 2026-06-30 0001287750 us-gaap:PreferredStockMember us-gaap:MeasurementInputCreditSpreadMember srt:MaximumMember us-gaap:FairValueInputsLevel3Member arcc:ValuationTechniqueYieldAnalysisMember 2026-06-30 0001287750 us-gaap:PreferredStockMember us-gaap:MeasurementInputCreditSpreadMember srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member arcc:ValuationTechniqueYieldAnalysisMember 2026-06-30 0001287750 us-gaap:PreferredStockMember us-gaap:MeasurementInputEbitdaMultipleMember srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:MarketApproachValuationTechniqueMember 2026-06-30 0001287750 us-gaap:PreferredStockMember us-gaap:MeasurementInputEbitdaMultipleMember srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:MarketApproachValuationTechniqueMember 2026-06-30 0001287750 us-gaap:PreferredStockMember us-gaap:MeasurementInputEbitdaMultipleMember srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member us-gaap:MarketApproachValuationTechniqueMember 2026-06-30 0001287750 arcc:IvyHillAssetManagementLPMember us-gaap:FairValueInputsLevel3Member us-gaap:ValuationTechniqueDiscountedCashFlowMember 2026-06-30 0001287750 arcc:IvyHillAssetManagementLPMember us-gaap:MeasurementInputDiscountRateMember srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:ValuationTechniqueDiscountedCashFlowMember 2026-06-30 0001287750 arcc:IvyHillAssetManagementLPMember us-gaap:MeasurementInputDiscountRateMember srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:ValuationTechniqueDiscountedCashFlowMember 2026-06-30 0001287750 arcc:IvyHillAssetManagementLPMember us-gaap:MeasurementInputDiscountRateMember srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member us-gaap:ValuationTechniqueDiscountedCashFlowMember 2026-06-30 0001287750 arcc:IvyHillAssetManagementLPMember us-gaap:FairValueInputsLevel3Member arcc:ValuationTechniqueYieldAnalysisMember 2026-06-30 0001287750 arcc:IvyHillAssetManagementLPMember us-gaap:MeasurementInputCreditSpreadMember srt:MinimumMember us-gaap:FairValueInputsLevel3Member arcc:ValuationTechniqueYieldAnalysisMember 2026-06-30 0001287750 arcc:IvyHillAssetManagementLPMember us-gaap:MeasurementInputCreditSpreadMember srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member arcc:ValuationTechniqueYieldAnalysisMember 2026-06-30 0001287750 us-gaap:OtherAggregatedInvestmentsMember us-gaap:FairValueInputsLevel3Member us-gaap:MarketApproachValuationTechniqueMember 2026-06-30 0001287750 us-gaap:OtherAggregatedInvestmentsMember us-gaap:MeasurementInputEbitdaMultipleMember srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:MarketApproachValuationTechniqueMember 2026-06-30 0001287750 us-gaap:OtherAggregatedInvestmentsMember us-gaap:MeasurementInputEbitdaMultipleMember srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:MarketApproachValuationTechniqueMember 2026-06-30 0001287750 us-gaap:OtherAggregatedInvestmentsMember us-gaap:MeasurementInputEbitdaMultipleMember srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member us-gaap:MarketApproachValuationTechniqueMember 2026-06-30 0001287750 arcc:DebtSecuritiesFirstLienSeniorSecuredLoansMember us-gaap:FairValueInputsLevel3Member arcc:ValuationTechniqueYieldAnalysisMember 2025-12-31 0001287750 arcc:DebtSecuritiesFirstLienSeniorSecuredLoansMember us-gaap:MeasurementInputCreditSpreadMember srt:MinimumMember us-gaap:FairValueInputsLevel3Member arcc:ValuationTechniqueYieldAnalysisMember 2025-12-31 0001287750 arcc:DebtSecuritiesFirstLienSeniorSecuredLoansMember us-gaap:MeasurementInputCreditSpreadMember srt:MaximumMember us-gaap:FairValueInputsLevel3Member arcc:ValuationTechniqueYieldAnalysisMember 2025-12-31 0001287750 arcc:DebtSecuritiesFirstLienSeniorSecuredLoansMember us-gaap:MeasurementInputCreditSpreadMember srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member arcc:ValuationTechniqueYieldAnalysisMember 2025-12-31 0001287750 arcc:DebtSecuritiesSecondLienSeniorSecuredLoansMember us-gaap:FairValueInputsLevel3Member arcc:ValuationTechniqueYieldAnalysisMember 2025-12-31 0001287750 arcc:DebtSecuritiesSecondLienSeniorSecuredLoansMember us-gaap:MeasurementInputCreditSpreadMember srt:MinimumMember us-gaap:FairValueInputsLevel3Member arcc:ValuationTechniqueYieldAnalysisMember 2025-12-31 0001287750 arcc:DebtSecuritiesSecondLienSeniorSecuredLoansMember us-gaap:MeasurementInputCreditSpreadMember srt:MaximumMember us-gaap:FairValueInputsLevel3Member arcc:ValuationTechniqueYieldAnalysisMember 2025-12-31 0001287750 arcc:DebtSecuritiesSecondLienSeniorSecuredLoansMember us-gaap:MeasurementInputCreditSpreadMember srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member arcc:ValuationTechniqueYieldAnalysisMember 2025-12-31 0001287750 arcc:SubordinatedCertificatesOfTheSDLPMember us-gaap:FairValueInputsLevel3Member us-gaap:ValuationTechniqueDiscountedCashFlowMember 2025-12-31 0001287750 arcc:SubordinatedCertificatesOfTheSDLPMember us-gaap:MeasurementInputDiscountRateMember srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:ValuationTechniqueDiscountedCashFlowMember 2025-12-31 0001287750 arcc:SubordinatedCertificatesOfTheSDLPMember us-gaap:MeasurementInputDiscountRateMember srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:ValuationTechniqueDiscountedCashFlowMember 2025-12-31 0001287750 arcc:SubordinatedCertificatesOfTheSDLPMember us-gaap:MeasurementInputDiscountRateMember srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member us-gaap:ValuationTechniqueDiscountedCashFlowMember 2025-12-31 0001287750 us-gaap:SeniorSubordinatedLoansMember us-gaap:FairValueInputsLevel3Member arcc:ValuationTechniqueYieldAnalysisMember 2025-12-31 0001287750 us-gaap:SeniorSubordinatedLoansMember us-gaap:MeasurementInputCreditSpreadMember srt:MinimumMember us-gaap:FairValueInputsLevel3Member arcc:ValuationTechniqueYieldAnalysisMember 2025-12-31 0001287750 us-gaap:SeniorSubordinatedLoansMember us-gaap:MeasurementInputCreditSpreadMember srt:MaximumMember us-gaap:FairValueInputsLevel3Member arcc:ValuationTechniqueYieldAnalysisMember 2025-12-31 0001287750 us-gaap:SeniorSubordinatedLoansMember us-gaap:MeasurementInputCreditSpreadMember srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member arcc:ValuationTechniqueYieldAnalysisMember 2025-12-31 0001287750 us-gaap:PreferredStockMember us-gaap:FairValueInputsLevel3Member arcc:ValuationTechniqueYieldAnalysisMember 2025-12-31 0001287750 us-gaap:PreferredStockMember us-gaap:MeasurementInputCreditSpreadMember srt:MinimumMember us-gaap:FairValueInputsLevel3Member arcc:ValuationTechniqueYieldAnalysisMember 2025-12-31 0001287750 us-gaap:PreferredStockMember us-gaap:MeasurementInputCreditSpreadMember srt:MaximumMember us-gaap:FairValueInputsLevel3Member arcc:ValuationTechniqueYieldAnalysisMember 2025-12-31 0001287750 us-gaap:PreferredStockMember us-gaap:MeasurementInputCreditSpreadMember srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member arcc:ValuationTechniqueYieldAnalysisMember 2025-12-31 0001287750 us-gaap:PreferredStockMember us-gaap:MeasurementInputEbitdaMultipleMember srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:MarketApproachValuationTechniqueMember 2025-12-31 0001287750 us-gaap:PreferredStockMember us-gaap:MeasurementInputEbitdaMultipleMember srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:MarketApproachValuationTechniqueMember 2025-12-31 0001287750 us-gaap:PreferredStockMember us-gaap:MeasurementInputEbitdaMultipleMember srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member us-gaap:MarketApproachValuationTechniqueMember 2025-12-31 0001287750 arcc:IvyHillAssetManagementLPMember us-gaap:FairValueInputsLevel3Member us-gaap:ValuationTechniqueDiscountedCashFlowMember 2025-12-31 0001287750 arcc:IvyHillAssetManagementLPMember us-gaap:MeasurementInputDiscountRateMember srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:ValuationTechniqueDiscountedCashFlowMember 2025-12-31 0001287750 arcc:IvyHillAssetManagementLPMember us-gaap:MeasurementInputDiscountRateMember srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:ValuationTechniqueDiscountedCashFlowMember 2025-12-31 0001287750 arcc:IvyHillAssetManagementLPMember us-gaap:MeasurementInputDiscountRateMember srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member us-gaap:ValuationTechniqueDiscountedCashFlowMember 2025-12-31 0001287750 us-gaap:OtherAggregatedInvestmentsMember us-gaap:FairValueInputsLevel3Member us-gaap:MarketApproachValuationTechniqueMember 2025-12-31 0001287750 us-gaap:OtherAggregatedInvestmentsMember us-gaap:MeasurementInputEbitdaMultipleMember srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:MarketApproachValuationTechniqueMember 2025-12-31 0001287750 us-gaap:OtherAggregatedInvestmentsMember us-gaap:MeasurementInputEbitdaMultipleMember srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:MarketApproachValuationTechniqueMember 2025-12-31 0001287750 us-gaap:OtherAggregatedInvestmentsMember us-gaap:MeasurementInputEbitdaMultipleMember srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member us-gaap:MarketApproachValuationTechniqueMember 2025-12-31 0001287750 us-gaap:DebtAndEquitySecuritiesRealizedGainLoss 2026-04-01 2026-06-30 0001287750 us-gaap:DebtAndEquitySecuritiesUnrealizedGainLoss 2026-04-01 2026-06-30 0001287750 us-gaap:DebtAndEquitySecuritiesRealizedGainLoss 2026-01-01 2026-06-30 0001287750 us-gaap:DebtAndEquitySecuritiesUnrealizedGainLoss 2026-01-01 2026-06-30 0001287750 us-gaap:FairValueInputsLevel3Member 2026-04-01 2026-06-30 0001287750 us-gaap:FairValueInputsLevel3Member 2026-01-01 2026-06-30 0001287750 us-gaap:DebtAndEquitySecuritiesRealizedGainLoss 2025-04-01 2025-06-30 0001287750 us-gaap:DebtAndEquitySecuritiesUnrealizedGainLoss 2025-04-01 2025-06-30 0001287750 us-gaap:DebtAndEquitySecuritiesRealizedGainLoss 2025-01-01 2025-06-30 0001287750 us-gaap:DebtAndEquitySecuritiesUnrealizedGainLoss 2025-01-01 2025-06-30 0001287750 us-gaap:FairValueInputsLevel3Member 2025-06-30 0001287750 us-gaap:FairValueInputsLevel3Member 2025-04-01 2025-06-30 0001287750 us-gaap:FairValueInputsLevel3Member 2025-01-01 2025-06-30 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:RevolvingCreditFacilityMember arcc:SeniorSecuredRevolvingCreditFacilityMember 2026-06-30 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember arcc:SeniorSecuredRevolvingCreditFacilityMember us-gaap:RevolvingCreditFacilityMember 2026-06-30 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember arcc:SeniorSecuredRevolvingCreditFacilityMember us-gaap:RevolvingCreditFacilityMember 2025-12-31 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember arcc:SeniorSecuredRevolvingCreditFacilityMember us-gaap:RevolvingCreditFacilityMember 2025-12-31 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:RevolvingCreditFacilityMember arcc:RevolvingFundingFacilityMember 2026-06-30 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember arcc:RevolvingFundingFacilityMember us-gaap:RevolvingCreditFacilityMember 2026-06-30 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember arcc:RevolvingFundingFacilityMember us-gaap:RevolvingCreditFacilityMember 2025-12-31 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember arcc:RevolvingFundingFacilityMember us-gaap:RevolvingCreditFacilityMember 2025-12-31 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:LineOfCreditMember arcc:SMBCFundingFacilityMember 2026-06-30 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember arcc:SMBCFundingFacilityMember us-gaap:LineOfCreditMember 2026-06-30 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember arcc:SMBCFundingFacilityMember us-gaap:LineOfCreditMember 2025-12-31 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember arcc:SMBCFundingFacilityMember us-gaap:LineOfCreditMember 2025-12-31 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:LineOfCreditMember arcc:BNPFundingFacilityMember 2026-06-30 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember arcc:BNPFundingFacilityMember us-gaap:LineOfCreditMember 2026-06-30 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember arcc:BNPFundingFacilityMember us-gaap:LineOfCreditMember 2025-12-31 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember arcc:BNPFundingFacilityMember us-gaap:LineOfCreditMember 2025-12-31 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:ConvertibleDebtMember arcc:April2036CLOSecuredNotesMember 2026-06-30 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:ConvertibleDebtMember arcc:April2036CLOSecuredNotesMember 2026-06-30 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:ConvertibleDebtMember arcc:April2036CLOSecuredNotesMember 2025-12-31 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:ConvertibleDebtMember arcc:April2036CLOSecuredNotesMember 2025-12-31 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:ConvertibleDebtMember arcc:October2036CLOSecuredLoansMember 2026-06-30 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:ConvertibleDebtMember arcc:October2036CLOSecuredLoansMember 2026-06-30 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:ConvertibleDebtMember arcc:October2036CLOSecuredLoansMember 2025-12-31 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:ConvertibleDebtMember arcc:October2036CLOSecuredLoansMember 2025-12-31 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:ConvertibleDebtMember arcc:January2038CLONotesMember 2026-06-30 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:ConvertibleDebtMember arcc:January2038CLONotesMember 2026-06-30 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:ConvertibleDebtMember arcc:January2038CLONotesMember 2025-12-31 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:ConvertibleDebtMember arcc:January2038CLONotesMember 2025-12-31 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:January2026NotesMember 2026-06-30 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:January2026NotesMember 2026-06-30 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:January2026NotesMember 2025-12-31 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:January2026NotesMember 2025-12-31 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:July2026NotesMember 2026-06-30 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:July2026NotesMember 2026-06-30 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:July2026NotesMember 2025-12-31 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:July2026NotesMember 2025-12-31 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:January2027NotesMember 2026-06-30 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:January2027NotesMember 2026-06-30 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:January2027NotesMember 2025-12-31 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:January2027NotesMember 2025-12-31 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:June2027NotesMember 2026-06-30 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:June2027NotesMember 2026-06-30 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:June2027NotesMember 2025-12-31 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:June2027NotesMember 2025-12-31 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:June2028NotesMember 2026-06-30 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:June2028NotesMember 2026-06-30 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:June2028NotesMember 2025-12-31 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:June2028NotesMember 2025-12-31 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:March2029NotesMember 2026-06-30 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:March2029NotesMember 2026-06-30 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:March2029NotesMember 2025-12-31 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:March2029NotesMember 2025-12-31 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:July2029NotesMember 2026-06-30 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:July2029NotesMember 2026-06-30 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:July2029NotesMember 2025-12-31 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:July2029NotesMember 2025-12-31 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:January2030NotesMember 2026-06-30 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:January2030NotesMember 2026-06-30 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:January2030NotesMember 2025-12-31 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:January2030NotesMember 2025-12-31 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:September2030NotesMember 2026-06-30 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:September2030NotesMember 2026-06-30 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:September2030NotesMember 2025-12-31 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:September2030NotesMember 2025-12-31 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:January2031NotesMember 2026-06-30 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:January2031NotesMember 2026-06-30 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:January2031NotesMember 2025-12-31 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:January2031NotesMember 2025-12-31 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:April2031NotesMember 2026-06-30 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:April2031NotesMember 2026-06-30 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:April2031NotesMember 2025-12-31 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:April2031NotesMember 2025-12-31 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:November2031NotesMember 2026-06-30 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:November2031NotesMember 2026-06-30 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:November2031NotesMember 2025-12-31 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:November2031NotesMember 2025-12-31 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:March2032NotesMember 2026-06-30 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:March2032NotesMember 2026-06-30 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:March2032NotesMember 2025-12-31 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SeniorNotesMember arcc:March2032NotesMember 2025-12-31 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2026-06-30 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2026-06-30 0001287750 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2025-12-31 0001287750 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2025-12-31 0001287750 arcc:AtTheMarketOfferingsMember 2025-01-01 2025-06-30 0001287750 arcc:AtTheMarketOfferingsMember 2025-06-30 0001287750 arcc:AtTheMarketOfferingsMember 2026-06-30 0001287750 arcc:O2026M4DividendsMember 2026-06-30 2026-06-30 0001287750 arcc:O2026M2DividendsMember 2026-03-31 2026-03-31 0001287750 arcc:O2025M4DividendsMember 2025-06-30 2025-06-30 0001287750 arcc:O2025M2DividendsMember 2025-03-31 2025-03-31 0001287750 arcc:ExpenseReimbursementMember 2026-04-01 2026-06-30 0001287750 arcc:ExpenseReimbursementMember 2026-01-01 2026-06-30 0001287750 arcc:ExpenseReimbursementMember 2025-04-01 2025-06-30 0001287750 arcc:ExpenseReimbursementMember 2025-01-01 2025-06-30 0001287750 arcc:ProprietaryPortfolioManagementSoftwareAgreementMember 2026-04-01 2026-06-30 0001287750 arcc:ProprietaryPortfolioManagementSoftwareAgreementMember 2026-01-01 2026-06-30 0001287750 arcc:ProprietaryPortfolioManagementSoftwareAgreementMember 2025-04-01 2025-06-30 0001287750 arcc:ProprietaryPortfolioManagementSoftwareAgreementMember 2025-01-01 2025-06-30 0001287750 arcc:AresManagementCapitalMarketsMember arcc:UnderwritingAndAdvisoryFeesReceivedMember 2026-01-01 2026-06-30 0001287750 arcc:AresManagementCapitalMarketsMember arcc:UnderwritingAndAdvisoryFeesReceivedMember 2025-01-01 2025-06-30 0001287750 arcc:BaseManagementFeesMember 2026-01-01 2026-06-30 0001287750 arcc:BaseManagementFeesMember 2025-01-01 2025-06-30 0001287750 arcc:IncomeBasedFeesAndCapitalGainsIncentiveFeesMember 2026-01-01 2026-06-30 0001287750 arcc:IncomeBasedFeesAndCapitalGainsIncentiveFeesMember 2025-01-01 2025-06-30 0001287750 arcc:InterestAndCreditFacilityFeesMember 2026-01-01 2026-06-30 0001287750 arcc:InterestAndCreditFacilityFeesMember 2025-01-01 2025-06-30 0001287750 arcc:OtherOperatingExpensesMember 2026-01-01 2026-06-30 0001287750 arcc:OtherOperatingExpensesMember 2025-01-01 2025-06-30 0001287750 us-gaap:SubsequentEventMember arcc:ADLCLO1DebtSecuritizationMember 2026-07-29 0001287750 us-gaap:SecuredDebtMember us-gaap:SubsequentEventMember arcc:July2038CLONotesClassA1RSeniorFloatingRateNotesMember 2026-07-29 0001287750 us-gaap:SecuredDebtMember us-gaap:SubsequentEventMember arcc:July2038CLONotesClassA1RSeniorFloatingRateNotesMember 2026-07-01 2026-07-29 0001287750 us-gaap:SecuredDebtMember us-gaap:SubsequentEventMember arcc:July2038CLONotesClassA2RSeniorFloatingRateNotesMember 2026-07-29 0001287750 us-gaap:SecuredDebtMember us-gaap:SubsequentEventMember arcc:July2038CLONotesClassA2RSeniorFloatingRateNotesMember 2026-07-01 2026-07-29 0001287750 us-gaap:SecuredDebtMember us-gaap:SubsequentEventMember arcc:July2038CLONotesClassBRSeniorFloatingRateNotesMember 2026-07-29 0001287750 us-gaap:SecuredDebtMember us-gaap:SubsequentEventMember arcc:July2038CLONotesClassBRSeniorFloatingRateNotesMember 2026-07-01 2026-07-29 0001287750 us-gaap:SubordinatedDebtMember us-gaap:SubsequentEventMember arcc:April2036CLOSecuredNotesAdditionalNotesMember 2026-07-29 0001287750 us-gaap:SubordinatedDebtMember us-gaap:SubsequentEventMember arcc:April2036CLOSecuredNotesMember 2026-07-29 0001287750 us-gaap:SecuredDebtMember us-gaap:SubsequentEventMember arcc:July2038CLONotesClassA1LRTermLoansMember 2026-07-29 0001287750 us-gaap:SecuredDebtMember us-gaap:SubsequentEventMember arcc:July2038CLONotesClassA1LRTermLoansMember 2026-07-01 2026-07-29 0001287750 us-gaap:SeniorNotesMember us-gaap:SubsequentEventMember arcc:July2026NotesMember 2026-07-29

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM  10-Q
ý        QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 2026

OR

o          TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from _____ to _____          

Commission File No.  814-00663  
ARES CAPITAL CORPORATION
(Exact name of Registrant as specified in its charter) 

Maryland   33-1089684
(State or other jurisdiction of   (I.R.S. Employer
incorporation or organization)   Identification Number)

245 Park Avenue , 44 th  Floor , New York , NY 10167
(Address of principal executive office)   (Zip Code)
( 212 ) 750-7300
(Registrant’s telephone number, including area code)
____________________________________________________________________

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading symbol Name of each exchange on which registered
Common stock, par value $0.001 per share ARCC NASDAQ Global Select Market

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days:   Yes     ý    No   o

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).   Yes ý No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer x
  Accelerated filer  o

Non-accelerated filer o
  Smaller reporting company  o

  Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o  No ý

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

Class   Outstanding at July 23, 2026
Common stock, $0.001 par value   718,022,845

ARES CAPITAL CORPORATION
 
INDEX
 

Part I. Financial Information
 

Item 1. Financial Statements
 

  Consolidated Balance Sheets as of June 30, 2026 (unaudited) and December 31, 2025
3

  Consolidated Statements of Operations for the three and six months ended June 30, 2026 and 2025 (unaudited)
4

  Consolidated Schedules of Investments as of June 30, 2026 (unaudited) and December 31, 2025
5

  Consolidated Statements of Stockholders’ Equity for the three and six months ended June 30, 2026 (unaudited) and the year ended December 31, 2025
164

  Consolidated Statements of Cash Flows for the three and six months ended June 30, 2026 and 2025 (unaudited)
165

  Notes to Consolidated Financial Statements (unaudited)
166

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
211

Item 3. Quantitative and Qualitative Disclosures About Market Risk
245

Item 4. Controls and Procedures
247

     
Part II. Other Information
 

Item 1. Legal Proceedings
248

Item 1A. Risk Factors
248

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
248

Item 3. Defaults Upon Senior Securities
249

Item 4. Mine Safety Disclosures
249

Item 5. Other Information
249

Item 6. Exhibits
250

Signatures
252

2

PART I - FINANCIAL INFORMATION
Item 1. Financial Statements

ARES CAPITAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in millions, except per share data)

  As of
June 30, 2026 December 31, 2025

(unaudited)
ASSETS
Investments at fair value    
Non-controlled/non-affiliate company investments $ 24,282   $ 24,872  
Non-controlled affiliate company investments 572   600  
Controlled affiliate company investments 4,495   4,013  
Total investments at fair value (amortized cost of $ 29,675 and $ 29,250 , respectively)
29,349   29,485  
Cash and cash equivalents 383   638  
Restricted cash 241   286  
Interest receivable 299   288  

Receivable for open trades 50   317  
Other assets 176   221  
Total assets $ 30,498   $ 31,235  
LIABILITIES  
Debt $ 15,773   $ 15,991  
Base management fee payable 110   111  
Income based fee payable 84   89  
Capital gains incentive fee payable —   82  
Interest and facility fees payable 199   193  
Payable to participants 104   131  
Interest rate swap collateral payable 97   155  
Payable for open trades 2   5  
Accounts payable and other liabilities 167   132  
Deferred tax liabilities 71   28  
Total liabilities 16,607   16,917  
Commitments and contingencies (Note 7)
STOCKHOLDERS’ EQUITY  
Common stock, par value $ 0.001 per share, 1,000 common shares authorized; 718 common shares issued and outstanding
1   1  
Capital in excess of par value 13,359   13,359  
Accumulated undistributed earnings 531   958  
Total stockholders’ equity 13,891   14,318  
Total liabilities and stockholders’ equity $ 30,498   $ 31,235  
NET ASSET VALUE PER SHARE $ 19.35   $ 19.94  

See accompanying notes to consolidated financial statements.

3

ARES CAPITAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions, except per share data)
(unaudited)

  For the Three Months Ended June 30, For the Six Months Ended June 30,
  2026 2025 2026 2025

INVESTMENT INCOME:  
From non-controlled/non-affiliate company investments:  
Interest income (excluding payment-in-kind (“PIK”) interest income) $ 437   $ 433   $ 876   $ 864  
PIK interest income 51   47   96   87  
Capital structuring service fees 39   33   76   76  
Dividend income (excluding PIK dividend income) 13   8   25   11  
PIK dividend income 63   75   127   141  
Other income 17   18   34   34  
Total investment income from non-controlled/non-affiliate company investments 620   614   1,234   1,213  
From non-controlled affiliate company investments:
Interest income (excluding PIK interest income) 3   4   6   9  
PIK interest income 4   4   8   9  

Total investment income from non-controlled affiliate company investments 7   8   14   18  
From controlled affiliate company investments:
Interest income (excluding PIK interest income) 59   40   115   80  
PIK interest income 3   5   6   10  
Capital structuring service fees 1   1   3   4  
Dividend income (excluding PIK dividend income) 76   74   156   147  
PIK dividend income —   1   —   2  
Other income 2   2   3   3  
Total investment income from controlled affiliate company investments 141   123   283   246  
Total investment income 768   745   1,531   1,477  
EXPENSES:
Interest and credit facility fees 214   188   427   374  
Base management fee 110   104   221   206  
Income based fee 84   86   168   171  
Capital gains incentive fee ( 21 ) 4   ( 82 ) ( 21 )
Administrative and other fees 4   4   8   8  
Other general and administrative 10   9   18   17  
Total expenses 401   395   760   755  
NET INVESTMENT INCOME BEFORE INCOME TAXES 367   350   771   722  
Income tax expense, including excise taxes 8   8   14   15  
NET INVESTMENT INCOME 359   342   757   707  
REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS, FOREIGN CURRENCY AND OTHER TRANSACTIONS:
Net realized gains (losses):
Non-controlled/non-affiliate company investments ( 7 ) 228   94   128  
Non-controlled affiliate company investments —   —   —   8  
Controlled affiliate company investments —   ( 111 ) 13   ( 111 )
Foreign currency and other transactions 2   ( 39 ) ( 6 ) ( 8 )
Net income tax expense on net realized gains —   ( 44 ) —   ( 44 )
Net realized gains (losses) ( 5 ) 34   101   ( 27 )
Net unrealized gains (losses):
Non-controlled/non-affiliate company investments ( 145 ) ( 114 ) ( 485 ) ( 81 )
Non-controlled affiliate company investments ( 20 ) ( 22 ) ( 46 ) ( 50 )
Controlled affiliate company investments ( 15 ) 96   ( 65 ) 94  
Foreign currency and other transactions 8   ( 10 ) 38   ( 54 )
Net change in deferred tax liabilities ( 11 ) 35   ( 37 ) 13  
Net unrealized losses ( 183 ) ( 15 ) ( 595 ) ( 78 )
Net realized and unrealized gains (losses) on investments, foreign currency and other transactions ( 188 ) 19   ( 494 ) ( 105 )

NET INCREASE IN STOCKHOLDERS’ EQUITY RESULTING FROM OPERATIONS $ 171   $ 361   $ 263   $ 602  

Basic and diluted net income per common share (see Note 10) $ 0.24   $ 0.52   $ 0.36   $ 0.88  

Basic and diluted weighted average shares of common stock outstanding (see Note 10) 718   695   718   686  

See accompanying notes to consolidated financial statements.
4

ARES CAPITAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED SCHEDULES OF INVESTMENTS
As of June 30, 2026
(dollar amounts in millions)
(unaudited)

Company (1) Business Description Investment (18) Coupon (3) Reference (7) Spread (3) Acquisition Date Maturity Date Shares/Units Principal Amortized Cost Fair Value % of Net Assets
Software and Services
ACP Avenu Midco LLC (13) Provider of technology solutions and hardware to U.S. state and local governments and motor vehicle agencies First lien senior secured revolving loan 8.65 % SOFR (Q) 5.00 % 04/2025 10/2029 $ 0.9   $ 0.9   $ 0.9   (2)(9)
First lien senior secured loan 8.69 % SOFR (Q) 5.00 % 08/2025 10/2029 3.6   3.5   3.6   (2)(9)
First lien senior secured loan 8.69 % SOFR (Q) 5.00 % 04/2025 10/2029 13.1   13.0   13.1   (2)(9)
17.4   17.6  
Actfy Buyer, Inc. (13) Software provider of end to end fraud management workflow solutions First lien senior secured loan 8.39 % SOFR (M) 4.75 % 05/2024 05/2031 2.1   2.1   2.1   (2)(9)
Activate Holdings (US) Corp. and CrossPoint Capital AS SPV, LP (13) Provider of software services that support the management and security of computing devices, applications, data, and networks First lien senior secured loan 8.98 % SOFR (Q) 5.25 % 09/2024 07/2030 6.8   6.8   6.8   (2)(6)(9)
First lien senior secured loan 8.98 % SOFR (Q) 5.25 % 07/2023 07/2030 41.9   41.9   41.9   (2)(6)(9)
Limited partnership interest 10/2023 9,249,000 10.3   13.2   (2)(6)
59.0   61.9  
Adonis Bidco Inc. (13) Provider of intellectual property management lifecycle software First lien senior secured loan 9.23 % SOFR (Q) 5.50 % 02/2025 02/2032 30.0   30.0   28.5   (2)(9)
First lien senior secured loan 9.48 % ( 2.88 % PIK)
SOFR (Q) 5.75 % 02/2025 02/2032 238.6   238.6   226.7   (2)(9)
268.6   255.2  
AI Titan Parent, Inc. (13) Provider of plant maintenance / scheduling software First lien senior secured loan 8.13 % SOFR (M) 4.50 % 08/2024 08/2031 7.3   7.3   7.2   (2)(9)
Anaplan, Inc. (13) Provider of cloud-based connected planning platforms for business analytics First lien senior secured loan 8.17 % SOFR (Q) 4.50 % 06/2022 06/2029 5.8   5.8   5.7   (2)(9)
APG Intermediate Holdings Corporation and APG Holdings, LLC (4) Aircraft performance software provider Class A membership units 01/2020 9,750,000 9.8   3.6   (2)
Apple Bidco Holdings, Inc. (13) Provider of SaaS-based safety and security software to the K-12 school market First lien senior secured revolving loan 8.23 % SOFR (Q) 4.50 % 01/2026 01/2033 2.7   2.7   2.6   (2)(9)
First lien senior secured loan 8.23 % SOFR (Q) 4.50 % 01/2026 01/2033 53.2   53.2   51.6   (2)(9)
55.9   54.2  
Appriss Health, LLC and Appriss Health Intermediate Holdings, Inc. (13) Software platform for identification, prevention and management of substance use disorder First lien senior secured loan 8.49 % SOFR (M) 4.75 % 05/2021 05/2028 2.8   2.8   2.8   (2)(9)
Aptean, Inc. and Aptean Acquiror Inc. (13) Provider of CRM, ERP and supply chain software application First lien senior secured revolving loan 8.42 % SOFR (Q) 4.75 % 01/2024 01/2031 0.1   0.1   0.1   (2)(9)
First lien senior secured loan 8.42 % SOFR (Q) 4.75 % 01/2024 01/2031 19.9   19.8   19.7   (2)(9)
19.9   19.8  

See accompanying notes to consolidated financial statements.
5

ARES CAPITAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED SCHEDULES OF INVESTMENTS    
As of June 30, 2026
(dollar amounts in millions)
(unaudited)

Company (1) Business Description Investment (18) Coupon (3) Reference (7) Spread (3) Acquisition Date Maturity Date Shares/Units Principal Amortized Cost Fair Value % of Net Assets
Archduke Buyer, Inc. (13) Developer and operator of Java runtime solutions for enterprises applications First lien senior secured loan 9.16 % SOFR (Q) 5.50 % 12/2025 12/2032 61.0   61.0   60.4   (2)(9)
Arrow Borrower 2025, Inc. (13) Provider of accounts payable automation software and payment solutions First lien senior secured loan 7.98 % SOFR (Q) 4.25 % 10/2025 10/2032 28.3   28.3   28.0   (2)(9)
Artifact Bidco, Inc. (13) Supply chain risk management SaaS platform for global enterprise clients First lien senior secured loan 7.88 % SOFR (Q) 4.15 % 05/2024 07/2031 6.8   6.8   6.8   (2)(9)
Aston Bidco (Holding) Limited Provider of enterprise software solutions First lien senior secured loan 9.87 % SONIA (Q) 6.00 % 07/2025 07/2032 108.5   108.2   108.5   (2)(6)(9)
Auctane, Inc. Provider of mailing and shipping solutions First lien senior secured loan 9.52 % SOFR (Q) 5.75 % 05/2026 06/2033 245.3   245.3   241.6   (2)(9)
Banyan Software Holdings, LLC and Banyan Software Intermediate, Inc. (13)(14) Vertical software businesses holding company First lien senior secured revolving loan 9.15 % SOFR (M) 5.50 % 01/2025 01/2031 1.5   1.5   1.5   (2)(9)
First lien senior secured loan 9.14 % SOFR (M) 5.50 % 01/2025 01/2031 140.5   140.5   140.5   (2)(9)
First lien senior secured loan 9.14 % SOFR (M) 5.50 % 04/2025 01/2031 21.3   21.3   21.3   (2)(9)
First lien senior secured loan 8.89 % SOFR (M) 5.25 % 10/2025 01/2031 3.5   3.5   3.5   (2)
Series A preferred shares 14.00 % PIK
01/2025 90,019 105.9   105.9   (2)
272.7   272.7  
BCTO Ignition Purchaser, Inc. Enterprise software provider Senior subordinated loan 11.17 % PIK
SOFR (Q) 7.50 % 04/2023 10/2030 4.7   4.7   4.7   (2)(9)
Senior subordinated loan 11.17 % PIK
SOFR (Q) 7.50 % 03/2025 10/2030 2.7   2.7   2.7   (2)(9)
7.4   7.4  
Bobcat Purchaser, LLC and Bobcat Topco, L.P. (13) Healthcare software provider First lien senior secured loan 8.48 % SOFR (Q) 4.75 % 06/2023 06/2030 15.4   15.4   15.4   (2)(9)
Class A-1 units 06/2023 1,729,228 1.7   1.3  
17.1   16.7  
Borrower R365 Holdings LLC (13) Provider of restaurant enterprise resource planning systems First lien senior secured loan 9.88 % SOFR (Q) 6.00 % 01/2022 06/2027 1.9   1.9   1.9   (2)(9)
First lien senior secured loan 9.88 % SOFR (Q) 6.00 % 06/2021 06/2027 15.9   15.9   15.9   (2)(9)
17.8   17.8  
Bottomline Technologies, Inc. (13) Provider of payment automation solutions First lien senior secured loan 8.23 % SOFR (Q) 4.50 % 04/2025 05/2029 16.5   16.5   16.5   (2)(9)
Businessolver.com, Inc. (13) Provider of SaaS-based benefits solutions for employers and employees First lien senior secured loan 8.23 % SOFR (Q) 4.50 % 12/2021 12/2032 28.0   28.0   27.7   (2)(9)
Cardinal Parent, Inc. and Packers Software Intermediate Holdings, Inc. (13) Provider of software and technology-enabled content and analytical solutions to insurance brokers First lien senior secured loan 8.38 % SOFR (Q) 4.50 % 04/2024 11/2027 16.5   16.2   14.5   (2)(9)(16)
Second lien senior secured loan 11.63 % SOFR (Q) 7.75 % 11/2020 11/2028 71.6   71.3   63.8   (2)(9)
Series A preferred shares 11.00 % PIK
11/2020 24,898 45.9   39.0   (2)
Series A-2 preferred shares 11.00 % PIK
12/2020 8,963 16.3   13.9   (2)
Series A-3 preferred shares 11.00 % PIK
11/2021 11,952 19.7   16.7   (2)
169.4   147.9  

See accompanying notes to consolidated financial statements.
6

ARES CAPITAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED SCHEDULES OF INVESTMENTS    
As of June 30, 2026
(dollar amounts in millions)
(unaudited)

Company (1) Business Description Investment (18) Coupon (3) Reference (7) Spread (3) Acquisition Date Maturity Date Shares/Units Principal Amortized Cost Fair Value % of Net Assets
Cascade Parent Inc., Cascade Intermediate II, Inc., and Haveli Cascade Co-Invest I, L.P. (13) Provider of database management services First lien senior secured revolving loan 09/2025 09/2030 —   —   —   (2)(11)
First lien senior secured loan 9.39 % SOFR (M) 5.75 % 09/2025 09/2031 29.8   29.8   29.5   (2)(9)
Senior subordinated loan 13.00 % PIK
09/2025 09/2033 26.1   26.1   25.7   (2)
Limited partnership interests 09/2025 5,324,000 5.3   5.8   (2)
61.2   61.0  
Centralsquare Technologies, LLC and Supermoose Newco, Inc. (13) Provider of mission-critical software solutions for the public sector First lien senior secured revolving loan 04/2024 04/2030 —   —   —   (2)(11)
First lien senior secured loan 9.39 % SOFR (M) 5.75 % 04/2024 04/2030 144.0   144.0   144.0   (2)(9)
Series A preferred stock 15.00 % PIK
04/2024 83,332 115.3   115.5   (2)
259.3   259.5  
Clearwater Analytics, LLC and Clearwater Analytics Holdings, Inc. (13) Provider of integrated cloud-based investment portfolio management, accounting, reporting and analytics software First lien senior secured loan 8.23 % SOFR (M) 4.50 % 06/2026 06/2033 130.7   130.7   130.0   (2)(9)
Cloud Software Group, Inc., Picard Parent, Inc., Cloud Software Group Holdings, Inc., Picard HoldCo, LLC and Elliott Alto Co-Investor Aggregator L.P. (13) Provider of server, application and desktop virtualization, networking, software as a service, and cloud computing technologies Limited partnership interests 09/2022 12,250,000 12.3   30.5   (2)
Community Brands ParentCo, LLC Software and payment services provider to non-profit institutions Class A units 12/2016 500,000 5.0   1.1   (2)
Computer Services, Inc. (13) Infrastructure software provider to community banks First lien senior secured loan 8.23 % SOFR (Q) 4.50 % 02/2024 11/2031 50.2   50.2   49.2   (2)(9)
Consilio Midco Limited, Compusoft US LLC, and Consilio Investment Holdings, L.P. Provider of sales software for the interior design industry Common units 05/2021 483,584 4.8   9.4   (2)(6)
Series A common units 09/2022 23,340 0.2   0.5   (2)(6)
5.0   9.9  
CoreLogic, Inc. and T-VIII Celestial Co-Invest LP (13) Provider of information, insight, analytics, software and other outsourced services primarily to the mortgage, real estate and insurance sectors First lien senior secured revolving loan 7.01 % SOFR (M) 3.25 % 06/2021 03/2028 12.6   12.6   12.5   (2)
Second lien senior secured loan 10.26 % SOFR (M) 6.50 % 06/2021 06/2029 155.7   155.7   152.9   (2)(9)(16)
Limited partnership units 04/2021 59,665,989 59.7   53.0   (2)
228.0   218.4  
Cority Software Inc., Cority Software (USA) Inc., and Cority Parent, Inc. (13) Provider of environmental, health and safety software to track compliance data First lien senior secured loan 8.16 % SOFR (Q) 4.50 % 10/2025 11/2032 61.7   61.7   59.8   (2)(6)(9)
Preferred equity 9.00 % PIK
07/2019 198 0.4   0.7   (2)(6)
Common equity 07/2019 190,143 —   —   (2)(6)

See accompanying notes to consolidated financial statements.
7

ARES CAPITAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED SCHEDULES OF INVESTMENTS    
As of June 30, 2026
(dollar amounts in millions)
(unaudited)

Company (1) Business Description Investment (18) Coupon (3) Reference (7) Spread (3) Acquisition Date Maturity Date Shares/Units Principal Amortized Cost Fair Value % of Net Assets
62.1   60.5  
Cornerstone OnDemand, Inc. and Sunshine Software Holdings, Inc. (13) Provider of a cloud-based, SaaS platform for talent management First lien senior secured revolving loan 6.76 % SOFR (M) 3.00 % 10/2021 10/2026 9.8   9.8   6.2   (2)(12)
First lien senior secured loan 7.51 % SOFR (M) 3.75 % 06/2024 10/2028 16.4   15.2   10.3   (2)(9)(16)
Second lien senior secured loan 10.26 % SOFR (M) 6.50 % 10/2021 10/2029 137.5   137.5   88.0   (2)(9)
Series A preferred shares 10.50 % PIK
10/2021 116,413 188.5   113.1   (2)
Class A-1 common stock 10/2021 1,360,100 13.6   14.7   (2)
364.6   232.3  
Coupa Holdings, LLC and Coupa Software Incorporated Provider of Business Spend Management software First lien senior secured loan 8.91 % SOFR (Q) 5.25 % 03/2023 02/2030 9.7   9.7   9.2   (2)(9)
Databricks, Inc. (13) Cloud-based data and AI platform that helps companies scale and manage data First lien senior secured loan 8.11 % SOFR (M) 4.50 % 12/2024 01/2032 0.1   0.1   0.1   (2)(16)
Datix Bidco Limited and RL Datix Holdings (USA), Inc. (13) Global healthcare software company that provides software solutions for patient safety and risk management First lien senior secured loan 8.73 % SOFR (S) 5.00 % 04/2024 04/2031 104.6   104.6   103.5   (2)(6)(9)
First lien senior secured loan 8.74 % SONIA (S) 5.00 % 04/2024 04/2031 56.2   53.1   55.7   (2)(6)(9)
157.7   159.2  
Digicert, Inc., Dcert Buyer, Inc., DCert Preferred Holdings, Inc. and Destiny Digital Holdings, L.P. (13) Provider of internet security tools and solutions First lien senior secured loan 9.39 % SOFR (M) 5.75 % 07/2025 07/2030 124.1   123.0   121.6   (2)(9)
Second lien senior secured loan 10.64 % SOFR (M) 7.00 % 05/2022 02/2029 22.8   20.5   19.1   (2)
Series A preferred shares 10.50 % PIK
05/2021 129,822 218.8   175.0   (2)
Series A units 05/2021 817,194 13.3   12.2   (2)
375.6   327.9  
Diligent Corporation and Diligent Preferred Issuer, Inc. (13) Provider of secure SaaS solutions for board and leadership team documents First lien senior secured revolving loan 8.65 % SOFR (Q) 5.00 % 04/2024 08/2030 0.9   0.9   0.9   (2)(9)(12)
First lien senior secured loan 12.09 % PIK
SOFR (Q) 8.42 % 04/2024 08/2030 3.4   3.4   3.3   (2)(9)
First lien senior secured loan 8.67 % SOFR (Q) 5.00 % 04/2024 08/2030 20.1   20.0   19.4   (2)(9)
Preferred stock 10.50 % PIK
04/2021 13,140 21.6   20.8   (2)
45.9   44.4  
Doxim Inc. (13) Enterprise content management provider First lien senior secured revolving loan 09/2025 11/2027 —   —   —   (2)(6)(11)
First lien senior secured loan 10.14 % SOFR (M) 6.50 % 09/2025 11/2027 84.3   84.3   84.3   (2)(6)(9)
84.3   84.3  
DriveCentric Holdings, LLC (13) Provider of CRM software to the automotive dealership industry First lien senior secured loan 8.23 % SOFR (Q) 4.50 % 07/2025 08/2031 11.6   11.6   11.6   (2)(9)
First lien senior secured loan 8.20 % SOFR (Q) 4.50 % 08/2024 08/2031 12.1   12.1   12.1   (2)(9)
23.7   23.7  

See accompanying notes to consolidated financial statements.
8

ARES CAPITAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED SCHEDULES OF INVESTMENTS    
As of June 30, 2026
(dollar amounts in millions)
(unaudited)

Company (1) Business Description Investment (18) Coupon (3) Reference (7) Spread (3) Acquisition Date Maturity Date Shares/Units Principal Amortized Cost Fair Value % of Net Assets
Echo Purchaser, Inc. (13) Software provider of mission critical security, supply chain, and collaboration solutions for highly regulated end markets First lien senior secured loan 9.17 % SOFR (Q) 5.50 % 11/2023 11/2029 11.3   11.3   11.3   (2)(9)
Eclipse Topco, Inc., Eclipse Investor Parent, L.P. and Eclipse Buyer, Inc. (13) Payment processing solution provider First lien senior secured loan 8.15 % SOFR (Q) 4.50 % 09/2024 09/2031 35.2   35.2   34.9   (2)(9)
Preferred units 12.50 % PIK
09/2024 656 8.2   8.2   (2)
Class A common units 09/2024 563 0.6   0.5   (2)
44.0   43.6  
Edition Holdings, Inc. and Enverus, Inc. (13) SaaS based business analytics company focused on oil and gas industry First lien senior secured revolving loan 8.15 % SOFR (M) 4.50 % 12/2025 12/2032 0.2   0.2   0.2   (2)(9)(12)
First lien senior secured loan 8.14 % SOFR (M) 4.50 % 12/2025 12/2032 80.9   80.9   79.2   (2)(9)
81.1   79.4  
Edmunds Govtech, Inc. (13) Provider of ERP software solutions for local governments First lien senior secured revolving loan 7.48 % SOFR (Q) 3.75 % 02/2024 02/2030 1.7   1.7   1.7   (2)(9)
First lien senior secured loan 8.48 % SOFR (Q) 4.75 % 02/2024 02/2031 5.2   5.2   5.2   (2)(9)
6.9   6.9  
Einstein Parent, Inc. (13) Provider of SaaS based collaborative work management software First lien senior secured loan 8.91 % SOFR (Q) 5.25 % 01/2025 01/2031 45.9   45.9   45.9   (2)(9)
Elemica, Inc. and EZ Elemica Holdings, Inc. (13) SaaS based supply chain management software provider focused on chemical markets First lien senior secured revolving loan 8.40 % SOFR (M) 4.75 % 02/2026 02/2032 0.9   0.9   0.8   (2)(9)
First lien senior secured loan 8.48 % SOFR (Q) 4.75 % 02/2026 02/2032 113.0   113.0   110.8   (2)(9)
Preferred equity 09/2019 4,599 3.7   5.1   (2)
117.6   116.7  
EP Purchaser, LLC and TPG VIII EP Co-Invest II, L.P. Provider of entertainment workforce and production management solutions First lien senior secured loan 8.28 % SOFR (Q) 4.50 % 06/2023 11/2028 49.7   49.5   32.8   (2)(9)
Partnership units 05/2019 5,034,483 3.0   1.6   (2)(6)
52.5   34.4  
eResearchTechnology, Inc. and Astorg VII Co-Invest ERT Provider of mission-critical, software-enabled clinical research solutions Limited partnership interest 01/2020 3,988,000 —   0.5   (2)(6)
ESHA Intermediate, LLC (13) Provider of nutritional information and software as a services (SaaS) compliance solutions First lien senior secured loan 8.18 % SOFR (S) 4.50 % 12/2025 12/2032 22.2   22.2   21.8   (2)(9)
Extrahop Networks, Inc. Provider of real-time wire data analytics solutions for application and infrastructure monitoring First lien senior secured revolving loan 10.34 % SOFR (Q) 6.50 % 03/2024 07/2027 4.3   4.3   4.3   (2)(9)
First lien senior secured loan 10.32 % SOFR (Q) 6.50 % 03/2023 07/2027 3.8   3.8   3.8   (2)(9)
First lien senior secured loan 10.32 % SOFR (Q) 6.50 % 07/2021 07/2027 35.0   35.0   34.6   (2)(9)
43.1   42.7  

See accompanying notes to consolidated financial statements.
9

ARES CAPITAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED SCHEDULES OF INVESTMENTS    
As of June 30, 2026
(dollar amounts in millions)
(unaudited)

Company (1) Business Description Investment (18) Coupon (3) Reference (7) Spread (3) Acquisition Date Maturity Date Shares/Units Principal Amortized Cost Fair Value % of Net Assets
Flexera Software LLC (13) Provider of IT asset management, SaaS management and cloud optimization software products to enterprises First lien senior secured loan 8.40 % SOFR (Q) 4.75 % 08/2025 08/2032 18.6   18.6   18.2   (2)(9)
First lien senior secured loan 6.96 % Euribor (M) 4.75 % 08/2025 08/2032 6.6   6.8   6.5   (2)(9)
First lien senior secured loan 8.40 % SOFR (Q) 4.75 % 12/2025 08/2032 120.4   120.4   118.0   (2)(9)
145.8   142.7  
Forescout Technologies, Inc. (13) Network access control solutions provider First lien senior secured loan 8.23 % SOFR (Q) 4.50 % 05/2024 05/2032 5.1   5.1   5.1   (2)(9)
GHP-VGS Purchaser LLC (13) Provider of assessment software and third party appraisal services First lien senior secured revolving loan 8.23 % SOFR (Q) 4.50 % 04/2025 04/2032 0.3   0.3   0.3   (2)(9)
First lien senior secured loan 8.16 % SOFR (Q) 4.50 % 04/2025 04/2032 10.6   10.6   10.6   (2)(9)
10.9   10.9  
GI Ranger Intermediate LLC (13) Provider of payment processing services and software to healthcare providers First lien senior secured revolving loan 9.89 % SOFR (Q) 6.00 % 10/2021 10/2027 2.1   2.1   1.9   (2)(9)
First lien senior secured loan 9.88 % SOFR (Q) 6.00 % 10/2021 10/2028 9.8   9.8   8.6   (2)(9)
First lien senior secured loan 9.88 % SOFR (Q) 6.00 % 03/2022 10/2028 3.0   3.0   2.7   (2)(9)
14.9   13.2  
Goose Borrower, L.P. (13) Energy equipment manufacturing and services company First lien senior secured loan 8.48 % SOFR (Q) 4.75 % 03/2026 03/2033 83.9   83.9   83.1   (2)(9)
Guidepoint Security Holdings, LLC (13) Cybersecurity solutions provider First lien senior secured revolving loan 8.65 % SOFR (M) 5.00 % 10/2023 10/2029 0.8   0.8   0.8   (2)(9)
First lien senior secured loan 8.64 % SOFR (M) 5.00 % 10/2025 10/2029 7.9   7.9   7.9   (2)(9)
First lien senior secured loan 8.62 % SOFR (M) 5.00 % 10/2023 10/2029 7.0   7.0   7.0   (2)(9)
First lien senior secured loan 8.64 % SOFR (M) 5.00 % 12/2024 10/2029 2.4   2.4   2.4   (2)(9)
18.1   18.1  
Heavy Construction Systems Specialists, LLC (13) Provider of construction software First lien senior secured loan 10.50 % Base Rate (Q) 3.75 % 03/2024 11/2028 13.7   13.7   13.7   (2)(9)
First lien senior secured loan 10.50 % Base Rate (Q) 3.75 % 11/2021 11/2028 0.1   0.1   0.1   (2)(9)
13.8   13.8  
HS Purchaser, LLC, and Help/Systems Holdings, Inc. (13) Provider of IT operations management and cybersecurity software First lien senior secured loan 10.14 % ( 3.25 % PIK)
SOFR (Q) 6.50 % 11/2025 05/2029 63.6   63.6   56.0   (2)(9)
Huskies Parent, Inc., GI Insurity Parent LLC and GI Insurity TopCo LP (13) Insurance software provider First lien senior secured revolving loan 9.25 % SOFR (M) 5.50 % 11/2021 11/2029 1.6   1.6   1.5   (2)(9)
First lien senior secured loan 9.74 % ( 0.50 % PIK)
SOFR (M) 6.00 % 11/2021 11/2029 58.4   58.4   54.3   (2)(9)
First lien senior secured loan 9.74 % SOFR (M) 6.00 % 10/2025 11/2029 5.3   5.3   5.0   (2)(9)
Senior subordinated loan 10.00 % PIK
11/2021 11/2031 140.6   140.6   120.9   (2)
Company units 11/2021 4,246,457 8.8   1.5   (2)
214.7   183.2  
Hyland Software, Inc. (13) Enterprise content management software provider First lien senior secured loan 8.39 % SOFR (M) 4.75 % 09/2023 09/2030 108.6   107.7   108.6   (2)(9)

See accompanying notes to consolidated financial statements.
10

ARES CAPITAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED SCHEDULES OF INVESTMENTS    
As of June 30, 2026
(dollar amounts in millions)
(unaudited)

Company (1) Business Description Investment (18) Coupon (3) Reference (7) Spread (3) Acquisition Date Maturity Date Shares/Units Principal Amortized Cost Fair Value % of Net Assets
Hyphen Solutions, LLC (13) Provider of residential construction supply chain management software First lien senior secured loan 8.14 % SOFR (M) 4.50 % 08/2025 08/2032 11.9   11.9   11.8   (2)(9)
iCapital, Inc. Provider of platform solutions that increase access to alternative investments for institutional investors and wealth managers Common stock 04/2025 71,430 1.0   1.1   (2)
Icefall Parent, Inc. (13) Provider of customer engagement software and integrated payments solutions First lien senior secured loan 8.23 % SOFR (Q) 4.50 % 01/2024 01/2030 1.6   1.6   1.6   (2)(9)
ID.me, LLC and ID.me, Inc. (13) Provider of remote digital identity verification solutions First lien senior secured loan 10.25 % ( 5.25 % PIK)
01/2025 01/2031 132.1   124.8   126.4   (2)
Series E preferred units 08/2025 10,827,926 16.0   17.5   (2)
Warrant to purchase common stock 01/2025 01/2035 6,924,708 9.6   11.2   (2)
150.4   155.1  
Internet Truckstop Group LLC (13) Provider of freight-moving lifecycle software First lien senior secured loan 9.13 % SOFR (Q) 5.25 % 06/2024 04/2027 39.5   39.4   39.5   (2)(9)
IQN Holding Corp. (13) Provider of extended workforce management software First lien senior secured revolving loan 8.99 % SOFR (Q) 5.25 % 05/2022 05/2028 1.4   1.4   1.4   (2)(9)
First lien senior secured loan 8.98 % SOFR (Q) 5.25 % 05/2022 05/2029 1.4   1.4   1.4   (2)(9)
2.8   2.8  
JAMS Holdings LP and Jams Buyer LLC (13) Provider of IT operations management and cybersecurity software First lien senior secured loan 8.73 % SOFR (Q) 5.00 % 06/2025 06/2032 13.9   13.9   13.9   (2)(9)
Preferred units 8.00 % PIK
06/2025 1,001,000 1.1   1.1   (2)
15.0   15.0  
Jeppesen Holdings, LLC (13) Provider of aviation software solutions First lien senior secured loan 8.41 % SOFR (Q) 4.75 % 10/2025 11/2032 14.0   14.0   13.9   (2)(9)
Kairos Bidco Limited (13) Provider of financial data analytics software First lien senior secured revolving loan 8.48 % SOFR (Q) 4.75 % 07/2025 07/2032 0.3   0.3   0.3   (2)(6)(9)
First lien senior secured loan 8.48 % SOFR (Q) 4.75 % 07/2025 07/2032 24.8   24.8   24.8   (2)(6)(9)
25.1   25.1  
Kaseya Inc. and Knockout Intermediate Holdings I Inc. Provider of cloud-based software and technology solutions for small and medium sized businesses Preferred stock 14.59 % PIK
SOFR (S) 10.75 % 06/2022 21,289 36.6   25.2   (2)(9)
LeanTaaS Holdings, Inc. (13) Provider of SaaS tools to optimize healthcare asset utilization First lien senior secured loan 11.48 % SOFR (Q) 7.75 % 07/2022 07/2028 73.2   73.2   71.8   (2)(9)
First lien senior secured loan 11.48 % SOFR (Q) 7.75 % 10/2025 07/2028 5.2   5.2   5.1   (2)(9)
78.4   76.9  
Lobos Parent, Inc. (13) Provider of cloud-based human capital and compliance management SaaS platform focused on public sector agencies First lien senior secured revolving loan 7.99 % SOFR (Q) 4.25 % 09/2025 09/2031 0.9   0.9   0.9   (2)(9)
Majesco and Magic Topco, L.P. Insurance software provider Class A units 9.00 % PIK
09/2020 1,624 1.7   4.3   (2)

See accompanying notes to consolidated financial statements.
11

ARES CAPITAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED SCHEDULES OF INVESTMENTS    
As of June 30, 2026
(dollar amounts in millions)
(unaudited)

Company (1) Business Description Investment (18) Coupon (3) Reference (7) Spread (3) Acquisition Date Maturity Date Shares/Units Principal Amortized Cost Fair Value % of Net Assets
Class B units 09/2020 570,625 —   —   (2)
1.7   4.3  
Merit Software Finance Holdings, LLC (13) Vertical software businesses holding company First lien senior secured loan 8.98 % SOFR (Q) 5.25 % 12/2025 12/2032 8.5   8.5   8.5   (2)(9)
First lien senior secured loan 8.98 % SOFR (Q) 5.25 % 12/2025 12/2032 24.5   24.5   24.5   (2)(9)
33.0   33.0  
Metatiedot Bidco OY and Metatiedot US, LLC (13) Enterprise content management platform First lien senior secured revolving loan 7.21 % Euribor (Q) 5.00 % 11/2024 11/2030 0.2   0.2   0.2   (2)(6)(9)
First lien senior secured loan 7.24 % Euribor (Q) 5.00 % 11/2024 11/2031 8.6   8.1   8.6   (2)(6)(9)
First lien senior secured loan 8.67 % SOFR (Q) 5.00 % 11/2024 11/2031 5.2   5.2   5.2   (2)(6)(9)
13.5   14.0  
Mimecast Borrowerco, Inc. and Magnesium Co- Invest SCSp Cybersecurity solutions provider First lien senior secured loan 8.14 % SOFR (M) 4.50 % 05/2022 05/2029 10.1   10.1   10.1   (2)(6)(9)
First lien senior secured loan 8.23 % SONIA (Q) 4.50 % 05/2022 05/2029 23.6   22.0   23.6   (2)(6)(9)
Limited partnership interest 05/2022 3,975 39.8   50.2   (2)(6)
71.9   83.9  
Ministry Brands Holdings, LLC and RCP MB Investments B, L.P. (13) Software and payment services provider to faith-based institutions First lien senior secured loan 9.24 % SOFR (M) 5.50 % 12/2021 12/2028 31.4   31.4   30.1   (2)(9)
First lien senior secured loan 9.24 % SOFR (M) 5.50 % 12/2021 12/2028 7.0   7.0   6.8   (2)(9)
Limited partner interests 12/2021 9,574,000 9.6   5.0   (2)
48.0   41.9  
ML Holdco, Inc. (13) Cloud-based, SaaS lending solutions provider to financial institutions First lien senior secured loan 7.91 % SOFR (Q) 4.25 % 10/2025 10/2032 89.6   89.6   87.8   (2)(9)
Modernizing Medicine, Inc. and ModMed Software Midco Holdings, Inc. (13) Provider of practice management, EHR, and RCM software to medical specialists Series A preferred stock 13.00 % PIK
04/2025 24,499 28.4   28.4   (2)
Moonraker AcquisitionCo LLC and Moonraker HoldCo LLC (13) Leading technology solution provider for casing and auditioning to the entertainment industry First lien senior secured loan 9.42 % SOFR (Q) 5.75 % 08/2022 08/2028 23.4   23.4   23.4   (2)(9)
Class A units 8.00 % PIK
08/2022 45,320 6.1   3.5  
29.5   26.9  
Motor Vehicle Software Corporation (13) Provider of electronic registration and titling software to auto dealers First lien senior secured loan 8.23 % SOFR (Q) 4.50 % 01/2025 01/2032 10.2   10.2   10.2   (2)(9)
MRI Software LLC (13) Provider of real estate and investment management software First lien senior secured revolving loan 8.48 % SOFR (Q) 4.75 % 02/2020 02/2028 1.1   1.1   1.1   (2)(9)
First lien senior secured loan 8.48 % SOFR (Q) 4.75 % 08/2020 02/2028 4.7   4.7   4.7   (2)(9)
First lien senior secured loan 8.48 % SOFR (Q) 4.75 % 10/2025 02/2028 2.6   2.6   2.6   (2)(9)
First lien senior secured loan 8.48 % SOFR (Q) 4.75 % 02/2020 02/2028 4.0   4.0   3.9   (2)(9)
12.4   12.3  

See accompanying notes to consolidated financial statements.
12

ARES CAPITAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED SCHEDULES OF INVESTMENTS    
As of June 30, 2026
(dollar amounts in millions)
(unaudited)