Antares Capital, an alternative credit manager with about $80 billion in capital under management and administration, today announced that Antares Private Credit Fund (ABDC), a public, non-traded business development company (BDC), announced it has launched with over $1.4 billion in investable capital. The fund’s new and existing global investors 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. This fund invests primarily in senior secured floating rate loans to private-equity-owned U.S. middle-market companies. ABDC is managed by Antares Capital Credit Advisers and will be available through financial advisors across the United States once all state registrations are complete.
KEY QUOTES:
“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.”
- Vivek Mathew, Chief Executive Officer and President of ABDC
“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.”
- Timothy Lyne, Chief Executive Officer of Antares Capital
