Ares Capital S.A.

Ares Capital Corporation is a market-leading Business Development Company and one of the largest direct lenders in the United States. They are externally managed by a subsidiary of Ares Management Corporation, a leading global alternative investment manager. Their mission is to create long-term value for shareholders through attractive dividends and favorable investment performance across economic cycles. Their strategy involves providing comprehensive financing solutions to private middle-market companies across a wide range of industries, leveraging their global platform, origination capabilities, and extensive knowledge.

As of June 30, 2024, Ares Capital Corporation's portfolio had a fair value of approximately $25.0 billion and consisted of 525 portfolio companies backed by 239 different private equity sponsors. Their investment strategy focuses on generating current income and capital appreciation through debt and equity investments in market-leading companies with a history of stable cash flows and experienced management teams. They aim to maximize risk-adjusted returns throughout economic cycles, making them a strong player in the direct lending space.

Ares Capital Corporation is a market-leading Business Development Company and one of the largest direct lenders in the U.S., committed to creating long-term value for its shareholders through attractive dividends and favorable investment performance across economic cycles. Its mission is to provide comprehensive financing solutions to the distinct and underserved financing needs of private middle-market companies across a wide range of industries.

Ares Capital Corporation promotes a culture of experienced leadership, a collaborative team environment, and a focus on creating long-term value for shareholders. The company emphasizes a diversified investment approach, emphasizing intensive due diligence, structuring experience, and active portfolio management, all supported by a global platform with strong origination capabilities and deep industry relationships.

Ares Capital Corporation, externally managed by a subsidiary of Ares Management, emphasizes the importance of integrating environmental, social and corporate governance (ESG) factors into its investment and portfolio management processes. Ares Management has a vision of ESG becoming a core part of its business operations, which extends to Ares Capital Corporation. This includes promoting sustainable practices that generate positive environmental and social impact, aligning their interests with business partners, and ensuring diversity, equity and inclusion within the organization and its investments.