Antares Capital: $6 Billion Senior Loan Fund II Closed

By Noah Long • Jul 31, 2023

Antares Capital recently announced the closing of its second Senior Loan Fund with approximately $6 billion of asset purchasing power across all Fund-related vehicles, including a dedicated co-investment vehicle.

Known as one of North America’s longest-tenured providers of private debt financing, the Fund will leverage Antares’ existing private credit platform and sponsor relationships to build a diverse portfolio of sponsor-backed senior secured loans to U.S. and Canadian borrowers.

The investors in SLF II primarily include public and private pensions, insurance companies, asset managers, and banks across over 50 institutions globally. And over 75% 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.

KEY QUOTES:

“We believe that the demand we experienced from investors as part of this fundraise demonstrates the effectiveness of our time-tested approach. 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.”

— Vivek Mathew, Head of Asset Management

“We are thrilled with both the total funds raised and the mix of new and existing investors from across the globe. We are pleased to continue offering investors the opportunity to diversify their portfolios through access to our originated loans, which we believe can offer attractive risk-adjusted returns.”

— Timothy Lyne, CEO of Antares Capital