Ares Capital
$ARCC is the first private credit fund to report Q1 results.
Net unrealized losses were $357 million. The top 3 writedowns were loans to Cornerstone OnDemand, Symplr and DigiCert, which are all software companies owned by Clearlake Capital. None of these loans are on non-accrual, and the reduced marks were presumably market related and not credit related.