Ares Capital Corp (NAS:ARCC)
$ 21.01 0.13 (0.62%) Market Cap: 13.57 Bil Enterprise Value: 26.64 Bil PE Ratio: 8.08 PB Ratio: 1.06 GF Score: 79/100

Ares Capital Corp at UBS Financial Services Conference Transcript

Feb 27, 2024 / 05:10PM GMT
Release Date Price: $20.22 (+0.75%)
Vilas T. Abraham
UBS Investment Bank, Research Division - Analyst

Hi, everybody. Thanks for joining us today. I'm Vilas Abraham, the BDC analyst here at UBS. And for this session, I'm pleased to be joined by Kipp DeVeer, the CEO of Ares Capital Corporation and Head of Ares Credit Group as well as Scott Lem, the newly appointed CFO at ARCC. As many of you know, ARCC is the largest publicly-traded BDC with $23 billion in assets as well as one of the longest-running public BDCs with a nearly 20-year track record in direct lending. So with that brief introduction, why don't we jump in? Thank you for joining us, Kipp and Scott.

Robert Kipp DeVeer
Ares Capital Corporation - CEO & Director

Thanks for having us.

Questions & Answers

Vilas T. Abraham
UBS Investment Bank, Research Division - Analyst

Maybe we can start, Kipp, with your perspective on the U.S. economy. Through the lens of your middle market direct lending business how would you characterize the health or lack thereof of the economy as we move

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