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Antares Capital racks up $3bn for a latest private credit fund

Thursday, September 17, 2020

Laxman Pai, Opalesque Asia:

Antares Capital Advisers, the registered investment adviser arm of Antares Capital, has raised just over $3 billion for its latest credit fund, which will focus on providing financing to mainly mid-sized private equity-backed companies.

The middle-market lender said that the inaugural Senior Loan Fund (SLF), which launched in December 2019, closed on September 14th with approximately $3 billion of asset purchasing power, exceeding its initial target of $1.5 billion. The capital was raised across a diversified set of institutional investors.

According to a press release from Antares with $27 billion of capital under management, the investment objective of the SLF is to build a diverse portfolio of sponsor-backed senior secured loans to U.S. and Canadian borrowers.

Investors in the fund are primarily public and private pensions, insurance companies, asset managers, and banks located predominantly in the U.S., Canada, Asia, and the Middle East.

"The closing of our inaugural fund is a significant milestone in continuing to diversify our investor base, and the ability to do so during the current market environment is a clear testament to the strength of the Antares brand," said Vivek Mathew, senior managing director and head of asset management.

"Investors appreciate that Antares' market position allows us to be highly selective in the opportunities in which we invest. Also, Antares has implemented a variety of measures to demonstrat......................

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