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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