Antares Capital, an alternative credit manager with approximately $80bn in capital, has launched the Antares Private Credit Fund (ABDC), a public, non-traded business development company (BDC), with more than $1.4bn in investable capital.
New and existing global investors in the Fund include insurance companies, banks, family offices, and pension plans, and Antares’ majority owner, Canada Pension Plan Investment Board (CPP Investments).
According to a press statement, ABDC seeks to offer investors an opportunity to generate current income and attractive risk-adjusted returns. The fund invests primarily in senior secured floating rate loans to private-equity owned, US middle-market companies. ABDC is managed by Antares Capital Credit Advisers LLC and will be available through financial advisors across the United States, once all state registrations are complete.
