Antares launches $1.4bn private credit fund for HNWIs
Antares Capital has raised $1.4bn (£1.12bn) at the close of its first private credit fund for the high-net worth investor (HNWI) market.
The Antares Private Credit Fund has been structured as a public, non-traded business development company (BDC), aimed at private wealth investors, and distributed via broker networks.
It has been backed by new and existing global investors, including insurance companies, banks, family offices and pension plans, and Antares’ majority owner, Canada Pension Plan Investment Board.
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The fund invests primarily in senior secured floating rate loans to private-equity owned, US middle-market companies. It is managed by Antares Capital Credit Advisers and will be available through financial advisors across the US, once all state registrations are complete.
“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,” said Vivek Mathew, chief executive and president of the Antares Private Credit Fund.
“By leveraging our expertise from origination to portfolio management, we aim to deliver tailored solutions that create lasting value for the private wealth community.”
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“Expanding access to private credit is a natural evolution of our business strategy,” added Timothy Lyne, chief executive of Antares Capital.
“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.”
Read more: Private credit demand growing faster than inflows
