As individual investors bail from many private-credit funds, Ares Capital remains an investor favorite. The fund trades at just 1% below its book value, while publicly traded credit funds average 20% ...
As a BDC, Ares Capital makes loans to middle-market companies, which generate between $10 million and $250 million in annual earnings before interest, taxes, depreciation, and amortization (EBITDA).
During the past three years, Ares Capital's (NASDAQ: ARCC) stock has risen about 6%. That gain might seem tepid, but it delivered a much bigger total return of 42% after including its reinvested ...