Ares Management Corporation (NYSE:ARES) and Antares Capital announced the completion of their second continuation vehicle, securing commitments exceeding $1.7 billion.
The new vehicle is intended to acquire assets from a closed-end private credit fund, consisting of over 300 first lien, floating rate loans that Antares originated and manages, the company press release stated.
This initiative offers existing investors a liquidity avenue while providing new investors access to Antares’ quality private credit assets. Antares will continue to oversee the continuation vehicle and its associated loans.
“This transaction reflects our continued commitment to delivering innovative liquidity solutions to private credit institutional investors,” said Vivek Mathew, president of Antares. “Antares is pleased to once again partner with Ares and utilize the continuation vehicle …
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