<SEC-DOCUMENT>0001104659-24-061189.txt : 20241016
<SEC-HEADER>0001104659-24-061189.hdr.sgml : 20241016
<ACCEPTANCE-DATETIME>20240514163039
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001104659-24-061189
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20240514

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES CAPITAL CORP
		CENTRAL INDEX KEY:			0001287750
		ORGANIZATION NAME:           	
		IRS NUMBER:				331089684
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167
		BUSINESS PHONE:		2127507300

	MAIL ADDRESS:	
		STREET 1:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
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<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><IMG SRC="tm2412698d4_correspimg001.jpg" ALT="">&nbsp;</P>

<P STYLE="margin: 0pt">&nbsp;</P>

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  <TD STYLE="text-align: center; width: 33%; vertical-align: bottom"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Monica J. Shilling, P.C.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">To Call Writer Directly:<BR>
+1 310 552 4355</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">monica.shilling@kirkland.com</P>
</TD>
  <TD STYLE="width: 34%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">2049 Century Park East, 37th Floor</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Los Angeles, CA 90067</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">United States</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">+1 310 552 4200</P>

<P STYLE="text-align: center; margin-top: 0pt; font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt">www.kirkland.com</P></TD>
  <TD STYLE="vertical-align: bottom; text-align: center; width: 33%">Facsimile:<BR>
+1 310 552 5900</TD></TR>
</TABLE>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="margin: 0pt">May 14, 2024</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">VIA EDGAR</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">Ms. Kimberly A. Browning</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">U.S. Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">Division of Investment Management</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">100 F Street, NE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; background-color: white; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%; font-size: 10pt"><FONT STYLE="font-size: 10pt">Re:</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt"><U>Ares Capital Corporation Preliminary Proxy Statement Filed April 30, 2024 (File No. 814-00663)</U></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">Dear Ms.&nbsp;Browning:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt; background-color: white">In a telephone conversation
on May 8, 2024, you provided us with verbal comments on the preliminary proxy statement on Form PRE 14A (the &ldquo;Proxy Statement&rdquo;),
filed by Ares Capital Corporation (&ldquo;ARCC&rdquo; or the &ldquo;Registrant&rdquo;). We are concurrently filing this letter via EDGAR
as a correspondence filing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt; background-color: white">Set forth below are the
comments of the staff of the Division of Investment Management (the &ldquo;Staff&rdquo;) of the Securities and Exchange Commission provided
by you, and immediately below each such comment is ARCC&rsquo;s response with respect thereto and, where applicable, the location in the
relevant filing of the requested disclosure. Capitalized terms used but not defined herein shall have the meanings set forth in the Proxy
Statement. We acknowledge that the Registrant and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding
any review, comments, action, or absence of action by the Staff. Please note that revisions with respect to one portion of the Proxy Statement
are applicable to all similar portions of the Proxy Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><B><U>General</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; background-color: white; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 7%; padding-bottom: 12pt; padding-left: 0.5in; text-align: justify; text-indent: -0.25in; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>1.<FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></B></FONT></TD>
    <TD STYLE="width: 93%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Comment: </I></B><I>Please confirm that
    the virtual meeting will be held in compliance with the Staff&rsquo;s written statement &ldquo;Staff Guidance for Conducting Shareholder
    Meetings in Light of COVID-19 Concerns&rdquo; (the &ldquo;Virtual Meeting Guidance&rdquo;). </I></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B>Response:</B> The Registrant confirms
    that it has reviewed the Virtual Meeting Guidance and the Registrant&rsquo;s Special Meeting of Stockholders (the &ldquo;Special Meeting&rdquo;)
    to be held virtually on August&nbsp;8, 2024 will be held in accordance with the Virtual Meeting Guidance. Specifically, as described on
    Page 1 of the Proxy Statement, stockholders will be afforded the same rights and opportunities to vote, ask questions and participate
    at the Special Meeting as they would at an in-person special meeting. Additionally, the Registrant will revise the Proxy Statement to
    add additional disclosure regarding the availability of technical assistance; see the Registrant&rsquo;s response to Comment 3 below.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">Austin&nbsp;&nbsp;&nbsp;Bay&nbsp;Area&nbsp;&nbsp;&nbsp;&nbsp;Beijing&nbsp;&nbsp;&nbsp;&nbsp;Boston&nbsp;&nbsp;&nbsp;&nbsp;Brussels&nbsp;&nbsp;&nbsp;&nbsp;Chicago&nbsp;&nbsp;&nbsp;&nbsp;Dallas&nbsp;&nbsp;&nbsp;Hong&nbsp;Kong&nbsp;&nbsp;&nbsp;&nbsp;Houston&nbsp;&nbsp;&nbsp;&nbsp;London&nbsp;&nbsp;&nbsp;Los&nbsp;Angeles&nbsp;&nbsp;&nbsp;&nbsp;Munich&nbsp;&nbsp;&nbsp;New&nbsp;York&nbsp;&nbsp;&nbsp;&nbsp;Paris&nbsp;&nbsp;&nbsp;&nbsp;Salt&nbsp;Lake&nbsp;City&nbsp;&nbsp;&nbsp;Shanghai&nbsp;&nbsp;&nbsp;&nbsp;Washington,&nbsp;D.C.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><IMG SRC="tm2412698d4_correspimg003.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">U.S. Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">May 14, 2024</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Page 2</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; background-color: white; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 7%; padding-bottom: 12pt; padding-left: 0.5in; text-align: justify; text-indent: -0.25in; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>2.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></B></FONT></TD>
    <TD STYLE="width: 93%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Comment: </I></B><I>Please confirm that
    a virtual meeting is permissible under the Registrant&rsquo;s governing documents and applicable law.</I></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B>Response:</B> The Registrant confirms
    that a virtual meeting is permissible under the Registrant&rsquo;s governing documents and applicable law, which is Maryland law, and
    the Special Meeting will be held in accordance with such governing documents and applicable law. Section 3 of Article II of the Registrant&rsquo;s
    Bylaws provides that the date and time and place of a special meeting may be set by any Chairman of the Registrant&rsquo;s board of directors,
    the Registrant&rsquo;s President or the Board of Directors, whichever has called the meeting. The Registrant&rsquo;s bylaws do not prohibit
    holding a stockholder meeting by remote communication. Further, Section 2-503 of the Maryland General Corporation Law provides that if
    a board of directors is authorized to determine the place of stockholder meetings, the board of directors may determine that the meeting
    be held partially or solely by means of remote communication.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 12pt; padding-left: 0.5in; text-align: justify; text-indent: -0.25in; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>3.<FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></B></FONT></TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Comment: </I></B><I>Please revise the Proxy
    Statement to include additional disclosure related to accessing the virtual meeting and the availability of technical assistance. </I></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B>Response</B>: The Registrant undertakes
    to revise the Stockholder Letter, Notice of Special Meeting of Stockholders, and page 1 of the Proxy Statement to include the disclosure
    below regarding accessing the virtual meeting and the availability of technical assistance:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">Stockholders are encouraged to enter the
    virtual Special Meeting site prior to the start time in order to leave ample time to confirm the internet connection is sufficient to
    access the site and to allow sufficient time to log in and familiarize themselves with the virtual meeting platform. The virtual meeting
    platform is supported across different internet browsers and various devices (desktops, laptops, tablets, and cell phones) that have the
    most updated version of applicable software installed. Technical support will be available beginning 15 minutes prior to, and through
    the conclusion of, the Special Meeting. For stockholders encountering any difficulties while accessing the virtual meeting during the check-in or meeting time, a technical assistance
phone number will be made available on the virtual meeting registration page 15 minutes prior to the start time of the meeting.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Registrant further undertakes
    to revise the second paragraph under &ldquo;Other Matters&rdquo; in the Proxy Statement to add the <B><U>bolded</U></B> disclosure
    below:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">You are cordially invited to attend
the Special Meeting electronically at www.virtualshareholdermeeting.com/ARCC2024SM. Whether or not you plan to attend the Special Meeting,
you are requested to promptly fill out, sign, date and mail the enclosed proxy card or authorize your proxy by telephone or through the
Internet as soon as possible. <B><U>The Special Meeting will be held in a virtual format only. You will not be able to attend the Special
Meeting physically. To be admitted to the Special Meeting at www.virtualshareholdermeeting.com/ARCC2024SM, you must enter the control
number found on your proxy card, voting instruction form or notice you will receive. Please allow time for online check-in procedures.
You may vote during the Special Meeting by following the instructions available on the meeting website during the meeting. If you encounter any difficulties while accessing the virtual meeting during the check-in or meeting time, a technical assistance phone
number will be made available on the virtual meeting registration page 15 minutes prior to the start time of the meeting.</U></B></P></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><IMG SRC="tm2412698d4_correspimg003.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">U.S. Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">May 14, 2024</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Page 3</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; background-color: white; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 7%; padding-bottom: 12pt; padding-left: 0.5in; text-align: justify; text-indent: -0.25in; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>4.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></B></FONT></TD>
    <TD STYLE="width: 93%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Comment</I></B><I>: Please revise the Notice
    of Special Meeting and the Proxy Card to clarify how long the authorization for the Registrant to sell or otherwise issue shares of its
    common stock at a price below its then current net asset value per share would be effective for, if approved at the Registrant&rsquo;s
    special meeting.</I></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B>Response</B>: The Registrant
    acknowledges the Staff&rsquo;s comment and undertakes to revise the Notice of Special Meeting and the Proxy Card to add the <B><U>bolded</U>&nbsp;</B>disclosure
    below.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Notice of Special Meeting:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">To consider and vote upon a proposal
    to authorize the Company, with the approval of its board of directors, to sell or otherwise issue shares of its common stock, par
    value $0.001 per share (the &ldquo;common stock&rdquo;), at a price below its then current net asset value per share subject to certain
    limitations set forth herein (including, without limitation, that the number of shares issued does not exceed 25% of its then outstanding
    common stock). <B><U>If approved, the authorization would be effective for common stock issued during a twelve-month period expiring
    on the anniversary of the date of this Special Meeting.</U></B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Proxy Card:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">To authorize the Company, with the
    approval of its board of directors, to sell or otherwise issue shares of its common stock, par value $0.001 per share (the &ldquo;common
    stock&rdquo;), at a price below its then current net asset value per share subject to the limitations set forth in the proxy statement
    for the special meeting of stockholders (including, without limitation, that the number of shares issued does not exceed 25% of the
    Company&rsquo;s then outstanding common stock). <B><U>If approved, the authorization would be effective for common stock issued during
    a twelve-month period expiring on the anniversary of the date of this Special Meeting.</U></B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 12pt; padding-left: 0.5in; text-align: justify; text-indent: -0.25in; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>5.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></B></FONT></TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Comment</I></B><I>: Please enhance
    the Proxy Statement to clarify that the costs of solicitation of proxies being borne by the Registrant will be indirectly borne by
    the stockholders of the Registrant.</I></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B>Response</B>: The Registrant
acknowledges the Staff&rsquo;s comment and undertakes to revise page 2 of the Proxy Statement to add the <B><U>bolded</U>&nbsp;</B>disclosure
below:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">The Company<B><U>, and, ultimately,
    its stockholders,</U></B> will bear the cost of solicitation of proxies in the form accompanying this statement.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 12pt; padding-left: 0.5in; text-align: justify; text-indent: -0.25in; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>6.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></B></FONT></TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Comment:</I></B> Under &ldquo;Stockholder
    Nominations and Proposals for the 2025 Annual Meeting&rdquo; on page 14 of the Proxy Statement, please clarify the difference between
    a stockholder &ldquo;submitting&rdquo; a proposal or nomination and a proposal or notice being &ldquo;delivered&rdquo; or revise for consistency.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B>Response</B>: The Registrant
acknowledges the Staff&rsquo;s comment and undertakes to revise the Proxy Statement to remove references to &ldquo;submitting&rdquo;
stockholder proposals or nominations and instead clarify that stockholder nominations or other proposals being proposed for inclusion
in the Registrant&rsquo;s proxy statement pursuant to the Registrant&rsquo;s bylaws must be &ldquo;delivered&rdquo; in accordance with
Section 11 of Article II of the Registrant&rsquo;s bylaws.</P></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><IMG SRC="tm2412698d4_correspimg003.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">U.S. Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">May 14, 2024</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Page 4</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; background-color: white; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 7%; padding-bottom: 12pt; padding-left: 0.5in; text-align: justify; text-indent: -0.25in; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>7.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></B></FONT></TD>
    <TD STYLE="width: 93%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Comment:</I></B><I> Please enhance the disclosure
    set forth in &ldquo;Stockholder Nominations and Proposals for the 2025 Annual Meeting&rdquo; in the Proxy Statement to provide a method
    for delivery of stockholder proposals and nominations and an address where such proposals and nominations may be delivered. </I></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B>Response</B>: The Registrant acknowledges
    the Staff&rsquo;s comment and undertakes to revise the Proxy Statement in response to the Staff&rsquo;s comment to provide a method for
    delivery of stockholder proposals and nominations.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 12pt; padding-left: 0.5in; text-align: justify; text-indent: -0.25in; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>8.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></B></FONT></TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Comment:</I></B><I> Under &ldquo;Stockholder Nominations and Proposals for the 2025 Annual Meeting&rdquo; on page 14 of the Proxy Statement, please revise the references
    to &ldquo;days&rdquo; to clarify in each instance whether &ldquo;days&rdquo; refers to &ldquo;calendar days&rdquo;
    or &ldquo;business days.&rdquo;</I></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B>Response</B>: The Registrant acknowledges
    the Staff&rsquo;s comment and undertakes to revise the language in such section on page 14 of the Proxy Statement in response to the Staff&rsquo;s comment to clarify whether references to &ldquo;days&rdquo; are intended to refer to &ldquo;calendar days&rdquo; or &ldquo;business days.&rdquo;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B><I>&nbsp;</I></B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 12pt; padding-left: 0.5in; text-align: justify; text-indent: -0.25in; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>9.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></B></FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>Comment:&nbsp;</I></B><I>Pursuant to Rule 14a-6(e)(1) (&ldquo;Rule 14a-6(e)(1)&rdquo;) under the Exchange Act, all forms of proxy filed pursuant to section (a) of Rule 14a-6, are required to be clearly marked as &ldquo;Preliminary Copies.&rdquo; Please confirm that you will mark such forms of proxy as &ldquo;Preliminary Copies&rdquo; in future filings made pursuant to section (a) of Rule 14a-6.</I></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify; text-indent: -0.25in; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; background-color: white"><B>Response:&nbsp;</B>In
    the future, Registrant undertakes to clearly identify preliminary proxy forms as preliminary copies in compliance with Rule 14a-6(e)(1).</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">* * * * * * * * * * *
* * * * * * * * * * * * * * * * * * * *</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">We look forward to discussing with you any
additional questions you may have regarding the Proxy Statement. Please do not hesitate to call me at (310) 552-4355&nbsp;or email me
at <U>monica.shilling@kirkland.com</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">Very truly yours,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; width: 50%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">/s/
    Monica J. Shilling</FONT></TD>
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Monica J. Shilling</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; background-color: white; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%; font-size: 10pt"><FONT STYLE="font-size: 10pt">cc:</FONT></TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Joshua M. Bloomstein, General Counsel, Vice President and Secretary</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ares Capital Corporation</P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
