Ares Capital Corporation operates as a business development company (BDC) with a dedicated focus on providing capital solutions to middle-market enterprises. The firm specializes in funding a diverse range of transactions, including corporate acquisitions, recapitalizations, management-led leveraged buyouts (LBOs), and offering rescue financing and mezzanine debt, in addition to broader restructuring support. Beyond these specific scenarios, it also provides capital for growth initiatives and general refinancing needs.