Creating Alpha in Private Credit The term “alpha” in investing typically refers to the excess incremental return a manager achieves above an appropriate benchmark return (i.e. beta) specific to the asset class. However, in the context of this “creating alpha” series, we (“we” or “our” referring to Antares Capital) will also be considering the term […]
Get Key Takeaways from Antares’ 2024 Credit Market Outlook Survey
Antares conducted this survey over a three-week period between May 29, 2024 and June 21, 2024, primarily via email outreach. The key takeaways are based on survey responses from a total of 138 private equity sponsors and 60 Antares borrowers from a diverse set of industries and business models (32% manufacturing, 27% distribution, 42% services). […]
Base rate cuts ahead, but likely to be gradual with rates remaining “higher for longer” Some market observers have recently suggested that the “Golden Age” for Private Credit may be coming to an end. From our perspective, double-digit first lien yields were never likely to be sustained long-term. Nevertheless, we believe the current environment with […]
Five in Five Doug Cannaliato, co-head of Originations and responsible for Capital Markets at Antares, shares his views on the outlook for M&A activity and how Antares sources what it believes to be high-quality deals to construct resilient portfolios. 1. Why has the M&A environment remained weak throughout 2023 and the first quarter of 2024? […]
Antares Capital Continues Liquid Credit Momentum with Closing of Third BSL CLO at $400 million
CHICAGO — Antares Capital (“Antares”), a leading alternative asset manager with $68+ billion in assets under management and administration, today announced the closing of the firm’s third broadly syndicated loan (“BSL”) collateralized loan obligation (“CLO”), Orion CLO 2024-3, totaling $400 million. “We are thrilled by the continued momentum and positive market reception our Liquid Credit […]
Insights into Deal Activity, Growth in the Private Credit Market, and More
Antares Bolsters Private Wealth Team with Three New Senior Appointments
CHICAGO — Antares Capital (“Antares”), a leading alternative asset manager with more than $69B in capital under management and administration, today announced three new senior hires to support the expansion of the firm’s private wealth strategy. The private wealth community is increasingly seeking alternative investments to diversify their portfolios, reduce volatility and improve performance, so […]
Q A has led to a surge in loans trading above par and a repricing wave, with institutional refinancing volume of & Timothy Lyne, Antares Capital CEO Private Credit Mid-Year Check-In: Is it still a good time to invest? The reopening of the broadly syndicated loan market and related spread compression has grabbed headlines […]