QuickLinks -- Click here to rapidly navigate through this document

Exhibit 99.1

Ares Capital Corporation
Computation of Earnings to Fixed Charges

		Year Ended 12/31/2006		Year Ended 12/31/2005		Period from 6/23/04 (inception) through 12/31/2004
Earnings:
Net increase in stockholders' equity resulting from operations		$	69,695,322	$	41,851,076	$	3,190,488
Income tax expense, including excise tax			4,931,288		158,000		—
	Total earnings before taxes	$	74,626,610	$	42,009,076	$	3,190,488
Fixed Charges:
Interest and credit facility fees		$	18,583,815	$	1,528,060	$	137,396
	Total fixed charges	$	18,583,815	$	1,528,060	$	137,396
Earnings available to cover fixed charges		$	93,210,425	$	43,537,136	$	3,327,884
Ratio of earnings to fixed charges			5.0		28.5		24.2

QuickLinks

Exhibit 99.1

Ares Capital Corporation Computation of Earnings to Fixed Charges