Antares Capital has raised $1.4bn (£1.12bn) on the shut of its first personal credit score fund for the high-net value investor (HNWI) market.
The Antares Non-public Credit score Fund has been structured as a public, non-traded enterprise growth firm (BDC), aimed toward personal wealth traders, and distributed by way of dealer networks.
It has been backed by new and current international traders, together with insurance coverage corporations, banks, household workplaces and pension plans, and Antares’ majority proprietor, Canada Pension Plan Funding Board.
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The fund invests primarily in senior secured floating price loans to private-equity owned, US middle-market corporations. It’s managed by Antares Capital Credit score Advisers and can be obtainable by way of monetary advisors throughout the US, as soon as all state registrations are full.
“Excessive-net-worth traders are looking for higher diversification and enticing risk-adjusted returns, and we’re thrilled to broaden entry to our cycle-tested credit score platform,” mentioned Vivek Mathew, chief govt and president of the Antares Non-public Credit score Fund.
“By leveraging our experience from origination to portfolio administration, we intention to ship tailor-made options that create lasting worth for the personal wealth group.”
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“Increasing entry to personal credit score is a pure evolution of our enterprise technique,” added Timothy Lyne, chief govt of Antares Capital.
“For almost three many years, our management out there and unwavering give attention to credit score high quality and proactive threat administration have set our platform aside, and we’re excited to convey these strengths to a broader viewers.”
Learn extra: Non-public credit score demand rising sooner than inflows
