Antares Capital has appointed Olga Kosters as managing director, head of credit score secondaries, to supervise the enlargement of the agency’s credit score secondaries funding technique.
This technique focuses on each GP-led and LP-led credit score secondaries alternatives leveraging the agency’s personal credit score and structuring experience.
Kosters was previously a managing director at Apollo World Administration, the place she co-managed the agency’s credit score secondaries enterprise. She beforehand labored at Tikehau Capital the place she established its personal debt secondaries technique.
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In her new position at Antares, she shall be based mostly in New York, reporting to Benjamin Chapin, the agency’s managing director and newly appointed head of liquidity options.
“I’m delighted to affix a agency that’s thought-about one of many main personal credit score managers with a demonstrated observe report constructed over a number of many years,” mentioned Kosters.
“By leveraging the agency’s intensive credit score investing and underwriting experience, I’m assured that we are able to construct a market-leading credit score secondaries franchise that can profit the agency’s deep community of traders globally.”
Her appointment coincides with Antares’ plans to extend its exercise within the credit score secondaries market by constructing out a devoted credit score secondaries staff.
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“We see a rising alternative within the credit score secondaries market given the maturation of the personal credit score asset class,” mentioned Vivek Mathew, president of Antares Capital Advisers.
“With practically 30 years of expertise as a number one direct lender and supervisor of one of many largest and most various portfolios available in the market, we view credit score secondaries as a complementary providing to our core direct lending enterprise.
“We’re approaching the market from a credit-expertise perspective and consider Antares is properly positioned given our familiarity with the underlying credit score property and intensive working relationships with the managers themselves.”
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