CHICAGO–(BUSINESS WIRE) – Antares Capital Advisers LLC, a subsidiary of Antares Capital LP (along with its parent companies “Antares”) announced the final closure of its first Senior Loan Fund (“SLF”).
The fund, launched in December 2019, closed on September 14 with purchasing power of around $ 3 billion, surpassing its original target of $ 1.5 billion. The capital was raised from a diversified group of institutional investors.
The investment objective of the SLF is to build a diversified portfolio of sponsor-backed senior secured loans to US and Canadian borrowers. Investors in the Fund are primarily public and private pension funds, insurance companies, asset managers and banks, primarily located in the US, Canada, Asia and the Middle East.
“The closure of our founding fund is an important milestone in further diversifying our investor base, and the ability to do so in the current market environment is clear evidence of the strength of the Antares brand,” said Vivek Mathew, senior managing director and head of wealth management. “Investors know that Antares’ market position allows us to be very selective in the investment opportunities in which we invest. In addition, Antares has taken a variety of measures to demonstrate the alignment of interests with our investors, and finally, in a turnaround, we have a track record of strong performance in market cycles. ”
“COVID-19 has been a stress test for our asset class, and while the story is not yet fully written, it appears that private debt in the midmarket will do well,” said David Brackett, CEO of Antares. “We therefore expect our asset management platform to grow further. As a company, we recently celebrated the fifth anniversary of our partnership with CPPIB Credit Investments Inc. During this time, we are proud to have further expanded our industry-leading platform for medium-sized companies owned by private equity. ”
Antares Capital Advisers LLC is the registered investment advisory arm of Antares. Antares has leveraged its credit expertise and investor relationships through Antares Capital Advisers LLC to build a platform that complements its broader origination capabilities.
With approximately US $ 27 billion under management and administration as of December 31, 2019, Antares is a private debt credit manager and leading provider of financing solutions for medium-sized private equity-backed transactions. In 2019, Antares issued approximately $ 17 billion in funding commitments to borrowers through its robust line of products including First Lien Revolver, term and delayed draw term loans, second lien term loans, unitranche facilities and equity investments. Antares’ world-class capital markets experts have relationships with more than 400 banks and institutional investors that enable the company to structure, distribute and trade syndicated loans on behalf of its clients. Since its inception in 1996, Antares has been recognized by industry organizations as a leading provider of medium-sized private debt. The company has offices in Atlanta, Chicago, Los Angeles, New York and Toronto. Visit Antares at www.antares.com or follow the company on LinkedIn at http://www.linkedin.com/company/antares-capital-lp. Antares Capital LP is a subsidiary of Antares Holdings LP.