Antares closes first private credit continuation vehicle with $1.2bn commitments

Antares Capital has closed its first private credit continuation vehicle with over $1.2bn (£890m) in commitments.

The transaction was led by Ares Credit Secondaries funds, along with a commitment from Antares.

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The continuation vehicle was established to purchase assets and limited partner interests from two commingled private credit funds comprising over 100 underlying first lien, floating rate loans originated and managed by Antares.

It provided existing investors with a liquidity option while offering new investors exposure to Antares-originated private credit assets.

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“This transaction underscores our strong, long-standing partnership with Ares and our shared commitment to providing quality private credit opportunities,” said Vivek Mathew, president of Antares Capital Advisers.

“We are pleased to welcome Ares as a lead investor and believe the successful close of our first continuation vehicle in today’s dynamic market highlights the quality of the Antares portfolio and the power of our origination and underwriting capabilities,” said Ben Chapin, head of liquidity solutions at Antares Capital.

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