BDCs
BDC Filing Season: Ares Capital Announces Q2 2022 Financial Results
BDC data provided by the Advantage Data Workstation, a Solve Advisors’ product. For more information about our BDC data or our other products please contact marketpluse@solveadvisors.com.
Business Development Company (BDC) earning season is in full swing. Ares Capital Corporation announced their June 30, 2022 Financial Results and declared third quarter 2022 dividends of $0.43 Per Share.
Below is a quick snapshot of Ares’ AUM, Non-Accruals and Top 10 Investments from the Advantage Data Workstation by Solve Advisors.
AUM
| Name | Number of Investments | % Portfolio | Cost | % Gain/Loss | Fair Value | FV Yield | Filtered Yield | Cost Yield |
| Ares Capital | 973 | 100.00% | 21,111,700 | 0.277 | 21,170,200 | 0.71 | 0.5 | 0.21 |
| >Senior Secured | 640 | 64.61% | 14,079,800 | -2.857 | 13,677,600 | 0.78 | 0.55 | 0.22 |
| >Subordinated Debt | 30 | 11.72% | 2,498,500 | -0.672 | 2,481,700 | 0.22 | 0.21 | 0.11 |
| >Equity/Other | 303 | 23.67% | 4,533,400 | 10.533 | 5,010,900 | — | — | — |
| 973 | 100.00% | 21,111,700 | 0.28% | 21,170,200 | 0.71 | 0.5 | 0.21 |
Non-Accruals
| Name | Number of Investments | % Portfolio | Cost | % Gain/Loss | Fair Value | FV Yield | Filtered Yield | Cost Yield |
| Ares Capital | 15 | 0.85% | 328,000 | -45.152 | 179,900 | — | — | — |
| 15 | 0.85% | 328,000 | -45.15% | 179,900 | 0 | 0 | 0 |
Top 10 Investment
| BDC | Portfolio Company | Industry | Cost | Fair Value | Percent of Portfolio (FV) |
| Ares Capital | Ivy Hill Asset Management | Investment offices | 1,655,500.00 | 1,805,300.00 | 8.53% |
| Ares Capital | Senior Direct Lending Program LLC | Investors, not elsewhere classified | 1,023,000.00 | 1,023,000.00 | 4.83% |
| Ares Capital | AffiniPay | Computers and computer peripheral equipment and software | 399,300.00 | 398,000.00 | 1.88% |
| Ares Capital | Kaseya Traverse Inc. | Computers and computer peripheral equipment and software | 291,300.00 | 286,400.00 | 1.35% |
| Ares Capital | Cornerstone Ondemand Inc. | Prepackaged software | 276,300.00 | 258,000.00 | 1.22% |
| Ares Capital | Symplr Software Intermediate Hldg Inc. | Health and allied services, not elsewhere classified | 243,600.00 | 236,900.00 | 1.12% |
| Ares Capital | Magnesium Borrower Co Inc. | Prepackaged software | 226,900.00 | 222,600.00 | 1.05% |
| Ares Capital | Athenahealth Inc. | Business services, not elsewhere classified | 217,100.00 | 217,100.00 | 1.03% |
| Ares Capital | Sunrun Inc. | Electric services | 216,000.00 | 207,200.00 | 0.98% |
| Ares Capital | Corelogic Inc. | Computer processing and data preparation and processing services | 215,400.00 | 208,800.00 | 0.99% |
| TOTAL | 4,764,400.00 | 4,863,300.00 | 22.97% |
Leveraging Solve’s AIML technology, our state-of-the-art data collection process normalizes and standardizes data from unstructured filings and makes it available to our client in no time. If you are working in the BDC space and require timely and accurate information, please contact us at marketpluse@solveadvisors.com.
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