Antares Capital Closes $450 Million BSL CLO, Hires Three Executives to Support Continued Growth of Liquid Credit Team
CHICAGO — Antares Capital (“Antares”), a leading alternative asset manager with $64B+ in assets under management, today announced the closing of the firm’s inaugural broadly syndicated loan (“BSL”) collateralized loan obligation (“CLO”), Orion CLO 2023-1, totaling $450 million. The close comes on the heels of three recent new senior hires to the firm’s New York-based Liquid Credit team, underscoring the firm’s continued growth in the space.
“We’re pleased that our first BSL CLO was very well received by the market,” said Vivek Mathew, head of asset management for Antares. “Issuing this CLO is a natural extension of our expertise and growth as an alternative asset manager, and its success is a testament to the firm’s standing with investors and the deep credit expertise that is a hallmark of the Antares brand.”
Orion CLO 2023-1, which is intended to comply with European risk retention regulations, marks a key milestone for the firm, which to date has been a leading manager of private credit CLOs. As of June 30, 2023, the firm has approximately $12 billion of assets under management across 12 private credit CLOs.
Amid the strong momentum of its Liquid Credit platform, the firm also appointed three new senior executives, including:
- Rob Davis – Managing Director, Liquid Credit. Mr. Davis brings more than 20 years of investing experience to Antares. He spent over 10 years with Alcentra, most recently as a Managing Director, where he was responsible for investments in the loans and bonds of corporate borrowers across several sectors. Prior to Alcentra, Mr. Davis held senior investment roles at Nomura Corporate Research and Asset Management, Avenue Capital Group, BNY Asset Management and Citigroup Asset Management. Mr. Davis earned his BA from the University of California, Irvine and an MBA from the Wharton School of the University of Pennsylvania.
- Amy Ecker – Managing Director, Liquid Credit. Prior to Antares, Ms. Ecker spent 12 years with HPS Partners, where she was most recently a Managing Director responsible for investments in the loans and bonds of corporate borrowers across several sectors. Before her tenure at HPS, she held a similar role at Stanfield Capital Partners focusing on investments in various sectors. Ms. Ecker started her career in the High Yield department at JP Morgan and earned her BBA from Hofstra University.
- Jonathan Rogers – Vice President, Liquid Credit. Mr. Rogers has more than 15 years of experience in the industry. Most recently, Mr. Rogers was at LoansIntel, where he focused on developing detailed financial models of broadly syndicated loan issuers. Prior to LoansIntel, he held various investing and restructuring roles at Investcorp, Apex Credit Partners and CIT. He began his career in investment banking at UBS and holds a B.A. from New York University.
“Antares is pleased to welcome these seasoned experts to the Liquid Credit team as we bolster our investment capabilities, offer more ways to express relative value views and provide optionality across asset classes to our investors,” continued Mathew.
About Antares
Founded in 1996, Antares is an experienced and cycle-tested alternative asset manager and a leading provider of financing for PE-backed borrowers. 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 stakeholders. The firm manages $64B+ of capital under management and administration as of June 30, 2023, and maintains offices in Atlanta, Chicago, Los Angeles, New York, Toronto and London. Visit Antares at www.antares.com or follow the company on LinkedIn at http://www.linkedin.com/company/antares-capital-lp. 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.
Contacts
Allison Perkins
+1 (203) 970-9907
allison.perkins@antares.com