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Ares, Antares launch $1.7bn private credit continuation fund

privateequitywire

3 months ago

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Ares Management and Antares Capital have teamed up to create a $1.7bn continuation vehicle to recapitalise a portfolio of private-credit assets, marking their second such vehicle together in the past year, according to a report by teh Wall Street Journal.
The fund will acquire loans from a closed-end private-credit fund comprising over 300 first-lien, floating-rate loans, with Antares continuing to manage the portfolio.
Continuation funds are increasingly used to extend holding periods and provi...

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