Jack Snyder
My name is Jack Snyder. I'm the Head of U.S. Wealth Distribution at Antares Capital. We're here in Huntington Beach, California at the Future Proof Conference and over the last two days, we've had numerous conversations with financial advisors discussing the alternative credit markets. It's a space that's becoming more and more competitive, where track records and history in the space is becoming more and more important. Steve, can you talk to our audience about why having three decades of experience has become a true advantage for Antares given the current market dynamics?
Steve Rubinstein
Hi Jack. Sure, happy to. Relationships, history, and trust take time to build. Antares has nearly 30 years in direct lending, which we believe gives us a competitive edge. Private equity sponsors know us. They know our process, our credit box, and our ability to deliver. That consistency and mutual trust is especially valuable when new M&A volume slows. So, let's put some numbers to that. Over the past two years, around 80% of Antares volume is from our existing or incumbent portfolio. This incumbency position benefits our clients because it allows us to lend more to the companies, we already know that have already performed well. Across our platform, we have seen record highs for incremental debt add-on opportunities. This enables our funds to continue to deploy even in a softer M&A market. Also, Antares has historically been agent or lead arranger on 95% of our transactions. This is an important signal of our role and our reputation in the market. We believe our sponsor partners trust our ability to execute their transactions diligently and with speed, transparency, and certainty. Occasionally, a borrower's performance does not go according to plan. We believe the differentiator is our 28-person credit advisory group. This team gives sponsors confidence that the amendment or restructure will be executed smoothly and with the same transparency and mutual trust as when the loan was originated. The expertise of this team is especially valuable in complex situations with nuance structuring terms and careful coordination across multiple stakeholders. Another thing that sets us apart is something we call style purity. We've maintained our focus on direct lending. We invest in first lien senior secured loans to sponsor owned companies. This intentional strategy comes from decades of building relationships and sticking to what we do best. Antares is a trusted advisor and partner. We're not just a lender. When we combine our scale, our experience, and consistency. It often leads to predictable results for our investors. Antares offers a pure play on first lien direct lending to a highly diversified group of differentiated and performing private equity owned businesses. Back to you, Jack.
Jack Snyder
Steve, thank you for those insights. We look forward to keeping you updated on future videos as the credit markets continue to evolve. Thank you for joining us.