The Warner-Gushulak Family Trust directly owns 80 shares of ARCC.

Ares Capital Corporation (ARCC) Company Profile

Ares Capital Corporation (ARCC) is a business development company. The company specializes in the acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. ARCC prefers to make investments in companies engaged in the basic and growth manufacturing, business services, consumer products, health care products and services, and information technology service sectors.

The company will also consider investments in industries such as restaurants, retail, oil and gas, and technology sectors. It focuses on investments in Northeast, Mid-Atlantic, Southeast and Southwest regions from its New York office, the Midwest region, from the Chicago office, and the Western region from the Los Angeles office. ARCC typically invests between $20 million and $200 million and a maximum of $400 million in companies with an EBITDA between $10 million and $250 million. It makes debt investments between $10 million and $100 million.

How the company invests

ARCC invests through revolvers, first lien loans, warrants, uni-tranche structures, and second lien loans. It also provides mezzanine debt, private high yield, junior capital, and subordinated debt, and invests in non-control preferred and common equity. The company selectively considers third-party-led senior and subordinated debt financings and opportunistically considers the purchase of stressed and discounted debt positions. ARCC prefers to be an agent and/or lead the transactions in which it invests. It also seeks board representation in its portfolio companies.

This description was edited from the ARCC company profile at  Fidelity Investments.

ARCC company profile at  Seeking Alpha.

ARCC company profile at  Sure Dividend.