# Ares Capital

Ares Capital is an Asset Manager based in Los Angeles, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Los Angeles, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2004
- **Assets under management:** Undisclosed
- **Website:** arescapitalcorp.com
- **LinkedIn:** https://www.linkedin.com/company/arescapital

## Regulatory record

- **CRD number:** 131619
- **SEC file number:** 801-63168
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/131619

## About

Ares Capital is an SEC-registered investment adviser in LOS ANGELES, CA, registered since 2004. The firm manages $97.6 billion in assets, with $91.3 billion on a discretionary basis. It has 634 employees and 411 investment advisers.

## Sectors

- Private Credit
- Secondaries & Special Situations

## Offices

- Los Angeles, CA
- Washington, DC

## People

- Kipp deVeer — Chief Executive Officer
- Jana Markowicz — Chief Financial Officer

## Questions

### Who runs investment decisions at Ares Capital?

Kipp deVeer serves as CEO and Director of Ares Capital and is the primary architect of its direct-lending strategy. He is supported by the broader investment committee of Ares Management's credit group, which provides origination and underwriting resources to the BDC under the external management agreement.

### How is Ares Capital related to Ares Management?

Ares Capital is a publicly traded business development company that is externally managed by a subsidiary of Ares Management Corporation, the global alternative asset manager. Ares Management provides investment advisory services, while Ares Capital's independent board of directors must approve all investment transactions and related-party dealings.

### What investment stages and loan types does Ares Capital target?

The firm targets middle-market companies generating EBITDA between $10 million and $100 million, originating senior secured first-lien loans, unitranche structures, second-lien debt, and occasionally minority equity co-investments. It does not target early-stage venture investing or distressed control buyouts.

### Does Ares Capital participate in fund commitments or only direct deals?

Ares Capital primarily issues direct senior secured loans to portfolio companies, often alongside private equity sponsors. It is not a fund-of-funds vehicle, though its portfolio has occasionally included subordinated positions in other credit funds as part of broader co-investment activity (per public filings).

### Which sectors does Ares Capital explicitly avoid?

Public disclosures indicate Ares Capital generally avoids early-stage pre-revenue companies and highly cyclical commodity-exposed businesses such as upstream oil and gas exploration. The portfolio is concentrated in industries with recurring revenue characteristics, including healthcare, software, and business services.

## Related profiles

- [Palm Peak Capital](https://altss.com/profile/palm-peak-capital)
- [Superior Environmental Solutions](https://altss.com/profile/superior-environmental-solutions)

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Last updated: 2026-06-03T20:00:00.000Z

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