Ares Capital Corp (NAS:ARCC)
$ 22.12 0.04 (0.18%) Market Cap: 14.27 Bil Enterprise Value: 27.33 Bil PE Ratio: 8.49 PB Ratio: 1.12 GF Score: 79/100

Ares Capital Corp at Deutsche Bank Global Financial Services Conference (Virtual) Transcript

May 27, 2020 / 06:30PM GMT
Release Date Price: $15.47 (+0.88%)
Stephen Valentino;Deutsche Bank;Global Co;Head FIG

Great. All right. Well, good afternoon. I'm Steve Valentino, I co-head our global FIG business, and welcome to the Global Financial Services conference. We're pleased today to have Ares Capital, and Michael Smith join us at the conference. As I believe, is the third or fourth year in a row for Ares.

Ares Capital is the largest BDC in the U.S. with over $15 billion in total assets and had a very impressive track record of having invested close to $60 billion in capital over the last 15 years, delivering over $1 billion of cumulative net realized gains. And their equity has been a 30% return over the S&P 500 since its IPO. So great track record.

Michael joining us is the Co-President of Ares Capital as well as the partner and Co-head of the Ares Credit Group. So Michael, great to have you with us, and welcome to the conference.

Michael Lewis Smith
Ares Capital Corporation - Co-President

Great. Thanks, Steve. Appreciate you extending an offer. So

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