Antares Closes $1.2 Billion Private Credit Continuation Vehicle Led by Ares Management
CHICAGO & NEW YORK--(BUSINESS WIRE)--Antares Capital and Ares Management Corporation ('Ares') (NYSE: ARES) today announced the closing of Antares' first continuation vehicle with over $1.2 billion in commitments. The transaction was led by Ares Credit Secondaries funds, along with a commitment from Antares.
The continuation vehicle was established to purchase assets and limited partner interests from two comingled private credit funds comprising over 100 underlying first lien, floating rate loans originated and managed by Antares. The vehicle provided existing investors with an attractive liquidity option while offering new investors exposure to quality Antares-originated private credit assets.
'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. 'It also marks an important step in expanding the Antares platform and delivering new liquidity solutions to our investors.'
"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. 'We are committed to structuring differentiated liquidity options tailored to both LPs and GPs, leveraging our extensive private credit experience, deep relationships and focus on credit discipline.'
'Building upon our multidecade relationship with Antares, we are proud to lead this transaction, which represents Ares' largest credit secondary investment to date,' said Dave Schwartz, Head of Credit Secondaries, Ares. 'This investment underscores our team's differentiated experience in private credit and secondaries and our ability to deploy scaled capital. We look forward to leveraging our global relationships with leading private credit managers to deliver creative liquidity solutions that meet the needs of investors.'
Evercore served as exclusive financial advisor on the transaction.
About Antares Capital
Founded in 1996, Antares has been a leader in private credit for nearly three decades. Today with approximately $80 billion* of capital under management and administration as of December 31, 2024, Antares is an experienced and cycle-tested alternative credit manager. With one of the most seasoned teams in the industry, Antares is focused on delivering attractive risk-adjusted returns for investors and creating long term value for all of its partners. The firm maintains offices in Atlanta, Chicago, Los Angeles, New York, Toronto and London. Visit Antares at www.antares.com or follow the company on LinkedIn at https://www.linkedin.com/company/antares-capital-lp.
Antares Capital is a subsidiary of Antares Holdings LP, (collectively, 'Antares'). Antares Capital London Limited is an appointed representative of Langham Hall Fund Management LLP, an entity which is authorized and regulated by the Financial Conduct Authority of the UK.
*As of December 31, 2024, all figures are estimates and subject to change upon finalization.
About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of March 31, 2025, Ares Management Corporation's global platform had approximately $546 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com.
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