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Blackstone Inc.’s main private credit fund, BCRED, successfully raised $1.5 billion in a single day by tapping into the investment-grade bond market. This included a $1 billion sale of senior unsecured bonds and a $500.5 million collateralized loan obligation, marking BCRED’s first 10-year bond issuance. This event is notable as it represents only the second 10-year bond sale by a business development company, following Ares Capital Corp.'s deal in 2021.
Ares Capital Corporation is a specialized finance company that primarily invests in direct loans to private middle-market companies in the U.S. Its portfolio mainly consists of senior secured first-lien and second-lien loans, along with subordinated debt and preferred stock, focusing on sectors like software, health services, and energy. The firm may allocate up to 30% of its investments in nonqualified assets, with Ares Capital Management LLC serving as its investment adviser.
Ares Capital Corporation is a specialty finance firm that provides direct loans and investments to private middle-market companies in the U.S. Its portfolio primarily includes senior secured loans, second lien secured loans, and subordinated debt, with a focus on various industries such as software, healthcare, and energy. The company is advised by Ares Capital Management LLC.
Ares Capital Corporation
Companies
| Symbol | ARCC |
| Name | Ares Capital Corporation |
| Currency | USD |
| Sector | Financials |
| IndustryGroup | Diversified Financials |
| Industry | Capital Markets |
| Market | NASDAQ Global Select |
| Country | United States |
| State | NY |
| City | New York |
| Zipcode | 10167 |
| Website | http://www.arescapitalcorp.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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