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Laxman Pai, Opalesque Asia: Private venture capital firm Antares Capital has closed its Senior Loan Fund II (SLF II) after raising about $6bn. The second vintage of the debt fund will leverage Antares' private credit platform to provide sponsor-backed senior secured loans to US and Canadian borrowers.
Investors include public and private pensions, insurance companies, asset managers, and banks across more than 50 global institutions.
Investors in SLF II primarily include public and private pensions, insurance companies, asset managers, and banks across over 50 institutions globally, said a media release from the financial services company with more than $61 billion of capital under management and administration.
Over 75 percent of the SLF II asset purchasing power came from institutions that have previously invested with Antares, signaling that investors continue to turn to Antares for a strong pipeline of attractive investment opportunities.
"We believe that the demand we experienced from investors as part of this fundraise demonstrates the effectiveness of our time-tested approach," said Vivek Mathew, Head of Asset Management. "In today's market environment, investors are increasingly selective in their choice of private debt fund managers, so we greatly appreciate the continued vote of confidence from our global investor base."
Through its Asset Management & Funding team, Antares offers investors the opportunity to invest in collateralized loan obligati...................... To view our full article Click here
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