Latest news with #AntaresCapital
Business Wire
02-06-2025
- Business
- Business Wire
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 or follow the company on LinkedIn at 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
Associated Press
22-04-2025
- Business
- Associated Press
Cyera Launches Omni DLP: The AI Brain That Finally Makes DLP Work
NEW YORK--(BUSINESS WIRE)--Apr 22, 2025-- Cyera, the world's fastest-growing data security company, today announced the launch of Omni DLP, a breakthrough AI-native solution that finally delivers on the promise of enterprise data loss prevention. For years, data loss prevention (DLP) has been synonymous with pain: ineffective, noisy, reactive, and nearly impossible to operationalize. Omni DLP changes the game by layering intelligence across the data security stack, empowering security teams to focus on the real threats, not countless false positives. 'Omni DLP is the brain DLP has been missing,' said Yotam Segev, CEO and co-founder of Cyera. 'Everyone loves to hate DLP, and for good reason. Cyera reimagined DLP as an integrated AI-native system: one that understands your data, adapts in real-time, and infuses that intelligence across the data security stack, to finally make good on what DLP was supposed to be. This is not just an incremental lift—it's a reset for the entire category. Organizations will go from thousands of noisy false positives to just a handful of credible ones, allowing our customers to find the needle in the haystack.' Omni DLP combines the power of Cyera's AI-native Data Security Posture Management (DSPM) with a real-time DLP analysis engine from its Trail Security acquisition, creating a unified architecture that protects data at rest, in motion, and in use. Built for the Age of AI AI is the future of data. From LLMs, AI agents, and the copilots of the world, enterprise innovation depends on data flowing faster and farther than ever before. Legacy DLP tools weren't built for this. Omni DLP is! With Omni DLP, organizations gain: 'With the rapid pace of AI, enterprises are hyper-focused on their data and how to protect it,' said Segev. 'Enterprises have made considerable progress protecting themselves from external threats and exploitation, but legacy tools rely on static rules and incomplete information about the data landscape to fight dynamic risks. That's why we built Omni DLP: to think as fast as your data flows. Omni DLP enables us to protect sensitive data in motion - the crown jewels - automatically classified by our AI-native classification engine. This is data security the way it was meant to be: intelligent, adaptive, and built for the AI era.' 'This is the kind of product I've been hoping to see for years,' said Kyle Weckman, CISO, Antares Capital. 'Every CISO has faced the limitations of traditional DLP, and Omni DLP fills a major gap in the market. It takes a modern AI-driven approach that finally addresses long-standing challenges. If we'd had this a few years ago, it would've saved a lot of time, budget, and frustration.' Cyera's Omni DLP is now available. To learn more, take Omni DLP for a spin, and check out Cyera's on-demand webinar. About Cyera Cyera is the fastest-growing data security company in the $24 billion data security market. Its AI-powered platform gives organizations a complete view of where their data lives, how it's used, and how to keep it safe, so they can reduce risk and unlock the full value of their data, wherever it is. Backed by top-tier investors including Sequoia, Accel, and Coatue, Cyera's unified data security platform helps businesses discover, secure, and leverage their most valuable asset- data, and eliminate blind spots, cut alert noise, and protect sensitive information across the cloud, SaaS, databases, AI ecosystems, and on-premise environments. Recent innovations like Cyera's Omni DLP extend this platform with adaptive, AI-native data loss protection, bringing real-time intelligence and contextual understanding to how data moves and is used across the enterprise. View source version on CONTACT: Longjump [email protected] KEYWORD: IRELAND UNITED STATES UNITED KINGDOM CANADA NORTH AMERICA EUROPE NEW YORK INDUSTRY KEYWORD: DATA MANAGEMENT SECURITY TECHNOLOGY SOFTWARE NETWORKS ARTIFICIAL INTELLIGENCE SOURCE: Cyera Copyright Business Wire 2025. PUB: 04/22/2025 08:15 AM/DISC: 04/22/2025 08:16 AM
Bloomberg
19-02-2025
- Business
- Bloomberg
What Happens When Private Credit Loans Get in Trouble
Alacrity Solutions found itself in a tough spot. The Indiana-based company helps property and auto insurers manage customer claims by taking calls, sending adjusters into the field and reviewing files. But a few clients made up much of its business, and last year it lost market share as some of them began to bring service in-house. It also saw a lull in claims filings because of changing weather patterns. And Alacrity owed a lot of money to private credit lenders—around $1.5 billion. In January the company announced that it had to restructure. Lenders—including fund managers Antares Capital, Blue Owl Capital and KKR—took over ownership to salvage their investment. They're hopeful for a turnaround, according to people familiar with the matter.
