ARES CAPITAL CORP has recently released its 10-K report, providing a comprehensive overview of the company's operations and financial performance. Ares Capital Corporation, a business development company, primarily focuses on growth capital, acquisition, and mezzanine debt transactions of middle market companies. As of December 31, 2025, the company was the largest publicly traded BDC by market capitalization with approximately $31.2 billion of total assets.
The company, externally managed by Ares Capital Management LLC, a subsidiary of Ares Management Corporation, aims to generate both current income and capital appreciation through debt and equity investments. Ares Capital Corporation invests primarily in U.S. middle-market companies, with a focus on those with annual EBITDA between $10 million and $250 million. The company's investment portfolio includes first and second lien senior secured loans, subordinated debt, and preferred equity, with investments ranging between $30 million and $500 million each.
Ares Capital Corporation also benefits from its affiliation with Ares, a leading global alternative investment manager, which provides access to extensive market information, company knowledge, and industry insight. The company's competitive advantages include its seasoned investment team, broad origination strategy, scale, and flexible transaction structuring, as well as its experience and focus on middle-market companies. Ares Capital Corporation believes that current market conditions present attractive opportunities to invest in middle-market companies, given the limited supply of primary capital and reduced competition in the credit markets.
The 10-K report also highlights the company's disciplined investment philosophy and its ability to leverage Ares' investment platform, resources, and existing relationships to source and analyze investment opportunities. Ares Capital Corporation's strategic focus on middle-market companies, combined with its competitive advantages, positions it to capitalize on the market opportunities and deliver strong risk-adjusted investment returns through market cycles. Today the company's shares have moved -0.43% to a price of $20.90. For the full picture, make sure to review ARES CAPITAL CORP's 10-K report.
