Key Takeaways ARCC and HTGC both saw higher total investment income in the first nine months of 2025.ARCC benefits from a diversified portfolio, but broad industry exposure may create headwinds tied to tariffs.HTGC's focus on technology and life sciences supports stronger earnings momentum and a better valuation.Ares Capital Corporation (ARCC) and Hercules Capital, Inc. (HTGC) are two leading Business Development Companies (BDCs) focused on income-oriented investing. Both companies primarily provide senior ...