In another record Q4, Antares closed 135 transactions with commitments of more than $11 billion, supporting the refinancing, leveraged buyout and add-on acquisition activity of both new and existing borrowers.

“As a private debt pioneer and consistent market leader, we capped off our 25th year leading the largest private credit transaction in history, reaching record deal volume with defaults less than 0.5 percent for the year, and achieving strong asset management growth and performance,” said Timothy Lyne, CEO of Antares Capital. “In 2021, we selectively grew our portfolio, one of the largest and longest tenured in the industry, while tirelessly supporting the growth of hundreds of middle market companies and providing investors with access to attractive private debt investment opportunities. Nearly 80 percent of our financings in 2021 were in support of our portfolio companies, demonstrating the strength of our portfolio and our incumbency position.”

In 2021, Antares syndicated $21 billion on behalf of its clients and maintained its #1 position by deal count in Refinitiv LPC’s bookrunner league tables, a position it has held for more than 10 consecutive years.

Antares’ success in raising capital also continued in 2021. Highlights from the year include partnering with new and existing investors to raise an incremental ~$10 billion, and on the funding side, closing Antares’ ninth CLO and resetting three existing CLOs, bringing the firm’s total CLO assets under management to approximately $9 billion.

“Antares has been successful in navigating the evolving market to prudently and efficiently deploy its funds into a diverse set of attractive middle market credits,” said Vivek Mathew, head of asset management and funding for Antares. “Strong performance and favorable market reception for our asset class has enabled our team to grow our third-party related CUMA to over $25 billion as of the end of 2021. Raising our $3 billion inaugural fund in 2020 and ramping it near capacity in 2021 has been a major milestone on that path.”

Other key accomplishments for Antares in 2021 include becoming a signatory of the UN’s Principles for Responsible Investment (PRI) underscoring Antares’ belief that environmental, social and governance priorities are central to making sound investment decisions and its commitment to ingraining a strong understanding of ESG into Antares’ culture. Antares also continued its focus on creating a diverse, inclusive and purpose driven culture with the hiring of a Diversity, Equity and Inclusion Leader and increasing female representation at the managing director and executive committee levels.

Select 2021 transactions in which Antares served as administrative agent include:

• $3.41 billion Unitranche Credit Facility to Galway Holdings (Harvest Partners, Oak Hill Capital and The Carlyle Group)
• $725 million 1^st Lien Credit Facility to Protective Industrial Products (Odyssey Investment Partners)
• $685 million 1^st and 2^nd Lien Credit Facility to Dessert Holdings (Bain Capital)
• $535 million 1^st Lien Credit Facility to Aurora Plastics (Nautic Partners)
• Recurring Revenue Credit Facility to Invicti (Summit Partners)
• Unitranche Credit Facility to Abrigo (The Carlyle Group and Accel-KKR)
• Recurring Revenue Credit Facility to Intel 471 (Thoma Bravo)
• Recurring Revenue Credit Facility to Alert Media (Vista Equity Partners)
• Unitranche Credit Facility to U.S. Endo Partners (Quad-C Management)
• Unitranche Credit Facility to Eating Recovery Centers (Apax)
• 1^st Lien Credit Facility to Agape Care Group (Ridgemont Equity Partners)
• Unitranche Credit Facility to Foreside Financial Group (Genstar Capital)
• Unitranche Credit Facility to Profile Products (New Mountain Capital)
• 1^st and 2^nd Lien Credit Facility to Evans Network (Court Square Capital Partners)
• Unitranche Credit Facility to Global Claims Service (GTCR LLC)
• Unitranche Credit Facility to Dwyer Instruments (Arcline Investment Management)

About Antares

With more than $50 billion of capital under management and administration as of December 31, 2021, Antares is a private debt credit manager and a leading provider of financing and investment solutions for middle-market private equity-backed borrowers and investors. Since its founding in 1996, Antares has built one of the industry’s largest and longest-tenured portfolios of middle market companies, and has been recognized by industry organizations as a leading provider of middle market private debt. Through its Asset Management & Funding team, Antares offers investors the opportunity to invest in collateralized loan obligations, funds and separately managed accounts. Antares is committed to championing middle market growth throughout market cycles. Doing so allows its people, partners and communities to achieve their full potential. The company maintains offices in Atlanta, Chicago, Los Angeles, New York and Toronto. 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”).

*As of December 31, 2021, all figures are estimates and subject to change upon finalization.