Ares Capital Corporation vs BlackRock TCP Capital Corp — how do they compare? Ares Capital Corporation trades at $19.96 (market cap $14.34B), while BlackRock TCP Capital Corp trades at $3.93 (market cap $327.64M). The key difference: Ares Capital Corporation is far larger — about 43.8× BlackRock TCP Capital Corp's market cap, and BlackRock TCP Capital Corp pays the higher dividend (19.46%). Which is the better fit depends on your goals.
| ARCC | TCPC | |
|---|---|---|
Market Cap | $14.34B | $327.64M |
Sector | Financials | Financials |
52-Week High | $22.68 | $7.26 |
52-Week Low | $17.45 | $3.13 |
Dividend Yield | 9.61% | 19.46% |
Trailing returns across standard periods
Latest headlines on both assets
Ares Capital Corp is a United States-based closed-ended specialty finance company. Its investment objective is to generate both current income and capital appreciation through debt and equity investments. The company focuses on investing primarily in U.S. middle-market companies with investment opportunities as well as in larger companies. Its portfolio comprises of first lien senior secured loans, second lien senior secured loans, and mezzanine debt (subordinated unsecured loan), which may include equity components that are diversified by industry and sector. The company may invest in preferred and common equity investments to a lesser proportion. Its revenue mainly consists of interest and dividend income received from the investment made.
Read more on ARCC →BlackRock TCP Capital Corp is a finance company specializing in middle-market lending. It aims for high returns through income and capital appreciation while prioritizing principal protection. The company invests in debt securities and earns revenue from interest payments, fees, and some equity appreciation.
Read more on TCPC →