1. Ares Capital (ARCC) released its Q3 2025 results, highlighting implications for both the company and the broader BDC sector; 2. The article addresses recent negative sentiment toward private credit markets and analyzes whether concerns about the BDC sector are justified; 3. The author updates their investment outlook on ARCC stock and discloses existing positions in related BDCs like MSDL, GLAD, and KBDC.