Ares Capital Corporation is a publicly traded business development company that lends to private middle-market businesses in the United States. Its investments include senior secured loans, subordinated debt and equity.
Founded in 2004, Ares Capital trades on Nasdaq as ARCC. It is externally managed by a subsidiary of Ares Management Corporation, a separate publicly traded company. Its July 29, 2026 earnings release reports results for the quarter ended June 30, 2026.
Private credit gave businesses a flexible alternative to bank loans and drew in pensions, insurers and individual investors. Its expansion now brings sharper questions about cash income, valuations, withdrawal limits and the financial institutions standing behind the lenders.
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