Antares Raises Over $3 Billion for Latest Private Credit Fund
- The middle-market lender doubles $1.5 billion goal for vehicle
- Fund to provide senior loans to mid-sized, sponsored borrowers
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Middle-market lender Antares Capital has raised just over $3 billion for its latest credit fund, which will focus on providing financing to mainly mid-sized private equity-backed companies.
The vehicle, which held its final close this week, raised cash from sovereign wealth funds, public and private pensions, asset managers, banks and insurance companies, according to head of asset management Vivek Mathew. The fund, which attracted institutional investors from the U.S., Canada, Asia and the Middle East, exceeded its $1.5 billion target, Mathew said.