SecProbe.io

CORRESP
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filename1.htm

April 10, 2013

Monica J. Shilling

Member of the Firm

d 310.284.4544

f 310.557.2193

mshilling@proskauer.com

www.proskauer.com

 United
States Securities and Exchange Commission

Division of Investment Management

100 F Street, N.E.

Washington, D.C. 20549

Attention: Amy Miller

Re:Ares
Capital Corporation Preliminary Proxy Statement Filed March 19, 2013

(File No. 814-00663)

Dear
Ms. Miller:

        In
a telephone conversation on March 28, 2013, you provided us with verbal comments on the preliminary proxy statement (the "preliminary proxy") filed by Ares Capital Corporation
(the "Fund") on March 19, 2013. We are concurrently filing this letter via EDGAR as a correspondence filing.

        Set
forth below are the comments of the staff of the Securities and Exchange Commission (the "Staff") verbally provided by you and immediately below each comment is the response with
respect thereto and, where applicable, the relevant revised disclosure. To aid your review, we have attached to this letter changed pages reflecting the proposed changes to the preliminary proxy.
Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to them in the preliminary proxy.

Information about the Director Nominees, the Directors and the Executive Officers and Certain Other Officers, page 4

1.You asked the Fund to revise the fifth column of the table on page 4 of the
preliminary proxy to include the Fund as one of the portfolios in the fund complex that are overseen by the director or nominee for director.

The
Fund has revised the fifth column of the table on page 4 of the proxy statement by changing "None" to "One" and updated the corresponding footnote to clarify that "One" represents the Fund.

Trading History, page 32

2.You asked the Fund to revise the fourth and fifth columns in the table on
p. 32 of the preliminary proxy to disclose the premium/discount (expressed as a percentage) of the high and low closing sales prices to the net asset value of the Fund's common stock, rather
than providing the high and low sales prices as a percentage of the net asset value of the Fund's common stock.

The
Fund has revised the above referenced table in the proxy statement in response to the Staff's comment.

Additional Changes

        In
addition, the Fund will make certain non-substantive changes such as filling in blanks, updating information and making stylistic changes to the preliminary proxy prior to
filing the definitive proxy statement.

        The
Fund understands that:

        (a)   the
Fund is responsible for the adequacy and accuracy of the disclosure in the filings;

        (b)   Staff
comments or changes to disclosure in response to Staff comments in the filings reviewed by the Staff do not foreclose the Commission from taking any action with
respect to the filings; and

        (c)   the
Fund may not assert Staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.

        We
look forward to discussing with you any additional questions you may have regarding the proxy statement. As always, thank you for your assistance and please do not hesitate to call me
at (310) 284-4544 with any additional questions or comments. The Fund would like to finalize and file its definitive proxy statement no later than Tuesday, April 22, 2013;
please let us know if you see any issues with this timing.

Very truly yours,

/s/ Monica J. Shilling

Monica J. Shilling

 Enclosures

cc:Joshua
M. Bloomstein, General Counsel of Ares Capital Corporation.
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