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 improvement firm (BDC), geared toward personal wealth buyers, and distributed through dealer networks.
It has been backed by new and current international buyers, 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 will probably be accessible by means of monetary advisors throughout the US, as soon as all state registrations are full.
“Excessive-net-worth buyers are looking for higher diversification and engaging risk-adjusted returns, and we’re thrilled to broaden entry to our cycle-tested credit score platform,” stated Vivek Mathew, chief govt and president of the Antares Non-public Credit score Fund.
“By leveraging our experience from origination to portfolio administration, we goal to ship tailor-made options that create lasting worth for the personal wealth group.”
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“Increasing entry to non-public credit score is a pure evolution of our enterprise technique,” added Timothy Lyne, chief govt of Antares Capital.
“For practically three many years, our management available in the market and unwavering concentrate on credit score high quality and proactive threat administration have set our platform aside, and we’re excited to deliver these strengths to a broader viewers.”
Learn extra: Non-public credit score demand rising sooner than inflows