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Diversified Investments

Ares Capital Corporation (ARCC) is a leading business development company (BDC) based in the United States. The company's investment objective is to generate both current income and capital appreciation through debt and equity investments. Ares Capital focuses on providing flexible financing solutions to middle market companies, which are typically defined as companies with annual revenues between $50 million and $1 billion.

In terms of earnings, Ares Capital has a strong track record of generating consistent earnings over the past several years. For the full year 2021, the company reported net investment income (NII) of $2.0 billion, or $2.53 per share, representing an increase of 1.8% compared to the prior year. The company's NII has grown at a compound annual growth rate (CAGR) of 5.4% over the past five years.

Ares Capital's growth has been fueled by a combination of a strong economy and the company's disciplined investment approach. The company has a diversified portfolio of investments across a range of industries, which has helped to mitigate risk and provide a stable source of income. Additionally, Ares Capital has a strong track record of originating and executing new investments, with the company investing $5.7 billion in new portfolio companies in 2021.

Ares Capital's earnings and growth have also been supported by the company's strong balance sheet and financial position. As of December 31, 2021, Ares Capital had total assets of $16.5 billion, including $11.5 billion in investments, and total liquidity of $2.2 billion. The company's financial position has enabled it to make new investments, pursue strategic acquisitions, and continue to grow its earnings.

Overall, Ares Capital Corporation is a well-established and successful BDC with a strong track record of earnings and growth. The company's disciplined investment approach, diversified portfolio, and strong financial position provide a solid foundation for continued growth and success.