Antares Capital, an alternative credit manager with approximately $80 billion in capital under management and administration, announced that Antares Private Credit Fund, a public, non-traded business development company (BDC), has launched with “more than $1.4 billion in investable capital.”
New as well as existing global investors in the Fund reportedly “include insurance companies, banks, family offices and pension plans, and Antares’ majority owner, Canada Pension Plan Investment Board (CPP Investments).”
ABDC seeks to offer investors an opportunity “to generate current income and attractive risk-adjusted returns.”
The Fund invests mainly in senior secured floating rate loans “to private-equity owned, U.S. middle-market companies.”
ABDC is managed by Antares Capital Credit Advisers LLC and will be available through financial advisors “across the United States, once all state registrations are complete.”
Vivek Mathew, Chief Executive Officer and President of ABDC, said:
“High-net-worth investors are seeking better diversification and attractive risk-adjusted returns, and we’re thrilled to expand access to our cycle-tested credit platform. By leveraging our expertise from origination to portfolio management, we aim to deliver tailored solutions that create lasting value for the private wealth community.”
Timothy Lyne, Chief Executive Officer of Antares Capital said:
“Expanding access to private credit is a natural evolution of our business strategy. For nearly three decades, our leadership in the market and unwavering focus on credit quality and proactive risk management have set our platform apart, and we are excited to bring these strengths to a broader audience.”
Antares Capital’s wealth solutions business has grown in recent months, illustrating the firm’s commitment to “making its alternative products more accessible to private wealth clients.”
As noted in the update, Antares has been a key player focused on private credit for almost 30 years.
With approximately $80 billion of capital under management and administration as of December 31, 2024, Antares claims that it is “an experienced and cycle-tested alternative credit manager.”
Antares is focused on delivering “risk-adjusted returns for investors and creating long term value for all of its partners.”
The firm says that it currently maintains “offices in Atlanta, Chicago, Los Angeles, New York, Toronto and London.”