Insurance Companies
Alternative credit solutions for insurance investors, focused on capital efficiency, structural integrity, and regulatory alignment.
How We Invest
Disciplined by Design
Insurance investors face a distinct set of capital, accounting, regulatory, and liability considerations. With decades of experience supporting insurance clients, we structure credit solutions with those needs in mind. Our approach is grounded in fundamental, bottom-up underwriting, a focus on capital preservation, and disciplined downside management across market cycles. Combined with close attention to evolving regulatory landscapes, we aim to deliver alternative credit solutions aligned with insurers’ capital efficiency, income, and risk objectives.
The Antares Advantage
An asset class offering attractive risk-adjusted return potential and differentiated portfolio exposure.
Scale
Our sourcing platform and long-standing sponsor relationships provide access to a high volume of opportunities. We use our incumbency advantage to be selective, lead transactions, and maintain consistency in portfolio construction.
30 years
Experience
Our credit culture spans more than 30 years, with a long history of managing capital for insurance balance sheets, dating back to our MassMutual heritage. That experience informs how we structure investments for capital efficiency and stability of income.
Alignment
Backed by CPPIB, we invest alongside our partners through an originate-to-invest model, aligning capital with long-term outcomes and a focus on capital preservation.
“Insurance investors require disciplined credit selection and structures built for their needs. Our approach is focused on delivering resilient income with a clear understanding of downside risk.”
Our Platform
Alternative Credit Solutions
for Insurance Balance Sheets
Designed to integrate seamlessly into insurance portfolios, our solutions combine senior secured private credit exposure with tailored structures that enhance capital efficiency, support regulatory objectives, and deliver consistent income.
- Insurance-Focused AccessDirect access to Antares’ senior secured, primarily first-lien direct lending strategy through structures designed specifically for insurance investors.
- Structuring with Regulatory AwarenessSolutions designed with active consideration of evolving NAIC and related regulatory considerations, helping insurers evaluate private credit exposure within a thoughtful structural framework.
- Built on a Scaled Credit PlatformInsurance solutions are supported by Antares’ cycle-tested credit platform, broader sourcing, underwriting, and portfolio management capabilities across a large and diversified direct lending platform.
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Access
Solutions Aligned with Insurance Needs
We offer investment structures designed to align with insurers’ capital, yield, and regulatory objectives. These solutions reflect how we partner with insurance companies across customized mandates and structured investment vehicles. Our approach focuses on:
- Capital efficiency aligned with regulatory and rating frameworks
- Defined risk profiles through structured exposure
- Consistent income with downside protection
Portfolio Access
Commingled Funds
Diversified exposure to sponsor-backed middle market loans, designed for income generation.
Separately Managed Accounts
Customized portfolios tailored to specific capital, regulatory, and risk objectives.
Structured Solutions
Rated Feeders
Structured access to private credit through rated note structures designed for insurance investors. These vehicles are intended to support capital efficiency through alignment with regulatory and rating frameworks while providing defined risk profiles.
Collateralized Fund Obligations
Securitized exposure to private credit funds through rated tranches, designed to provide diversification, structural protections, and alignment with insurance capital considerations.
Collateralized Loan Obligations (CLOs)
Structured exposure to diversified loan portfolios through actively managed vehicles, offering scalable, tranche-based access across the capital structure.
Our Team
Insurance Coverage Across the Platform
Antares brings together senior leaders from across the platform to support insurance investors, with deep experience in structuring solutions focused on capital efficiency, income stability, and long-term partnerships.
Brett Hanlon
Vice PresidentNew York
Alina Kontisheva
Managing DirectorNew York
Seth Painter
Head of Capital SolutionsNew York
Jeffrey Stammen
Managing DirectorNew York
Connect with Our Team
We’d be happy to discuss our credit solutions with you.
Footnotes
1 CUMA figure noted here relates to the Private Credit and Liquid Credit Strategies. includes, without duplication, Antares Holdings (an affiliated, non-discretionary portfolio, also referred to as the “Platform Balance Sheet”), third-party managed vehicles, and contract investor programs and is calculated as the sum of: (i) for CLOs and the Platform Balance Sheet, the sum of total outstanding principal balance of loans and loan commitments, equity-related investments, cash, restricted cash and cash equivalents; excludes CLO structured financings in place for accounts included in (iii) below; (ii) for BDCs, third-party net subscriptions and target operating leverage; (iii) for actively investing advised accounts and contract investor programs, the total equity commitments and, with respect to actively investing advised accounts, maximum leverage limits per the applicable limited partnership agreement or other governing document of such accounts; and (iv) for advised accounts or contract investor programs that are no longer investing, total outstanding principal balance of loans and loan commitments held by such vehicles. For purposes of the foregoing clauses (ii) and (iii), the target operating leverage and maximum leverage limits, respectively, included herein may be different from the actual amount of leverage applied in the case of any given account. Contract investor programs are not advised clients and are either self-directed or managed by a third party. For the avoidance of doubt, CUMA is not intended to be the same as (and is calculated differently as compared to) Antares Capital Advisers LLC’s, Antares Capital Credit Advisers LLC’s, Antares Liquid Credit Strategies LLC’s, or Antares Liquidity Solutions LLC’s regulatory assets under management, as reported under Item 5.F on Part 1 of Form ADV. Please contact Antares with any questions.
2 Antares Holdings LP is our CPPIB affiliated, non-discretionary portfolio, also referred to as the Antares investment portfolio herein.
3 As of March 31, 2026. Includes investors across funds, SMAs and CLOs managed by Antares’ four investment advisers: Antares Capital Advisers LLC (“ACA”), Antares Liquid Credit Strategies LLC (“ALCS”), Antares Capital Credit Advisers (“ACCA”), and Antares Liquidity Solutions LLC (“ALS,” together with ACA, ALCS, and ACCA, the “Advisers”) that manage either separately managed accounts, funds, CLO issuers, or Business Development Companies (“BDCs”), and/or any other clients advised by the Advisers.