CHICAGO--(BUSINESS WIRE)--Antares Capital Advisers LLC, a subsidiary of Antares Capital LP (together with its parent companies, “Antares” or the “Company”) announced the closing of Antares CLO 2018-1, Ltd., a $700 million collateralized loan obligation (CLO). The CLO represents the third CLO issued by Antares, bringing the company’s total CLO assets under management to approximately $4 billion.
Antares CLO 2018-1, Ltd. will invest in leveraged loans to middle market, private equity-backed companies.
“With the successful close of our third CLO within 12 months, we are very pleased with the reception we continue to receive from the market,” said Vivek Mathew, head of asset management and funding for Antares. “Middle market private debt is an increasingly attractive space for investors. As a market leader, investors value our strong performance through market cycles and our ability to be highly selective in building a portfolio of borrowers.”
Antares chose to purchase 100 percent of the subordinated notes issued by the CLO. Third-party investors in the CLO include pension funds, banks, insurance companies and asset managers.
With more than $20 billion of capital under management and administration, Antares Capital is a private debt credit manager and leading provider of financing solutions for middle-market private equity-backed transactions. In 2017, Antares issued over $21 billion in financing commitments to borrowers through its robust suite of products including first lien revolvers, term loans and delayed draw term loans, 2nd lien term loans, unitranche facilities and equity investments. Antares world-class capital markets experts hold relationships with over 400 banks and institutional investors allowing the firm to structure, distribute and trade syndicated loans on behalf of its customers. Since its founding in 1996, Antares has been recognized by industry organizations as a leading provider of middle market private debt, most recently being named the 2017 Lender of the Year by ACG New York. The company maintains offices in Atlanta, Chicago, Los Angeles, New York, Norwalk, CT and Toronto. Visit Antares at www.antares.com or follow the company on Twitter at www.twitter.com/antarescapital. Antares Capital is a subsidiary of Antares Holdings LP.