Antares Capital has closed its third broadly syndicated loan collateralised loan obligation, Orion CLO 2024-3, securing $400m. Antares launched its first BSL CLO, CLO 2023-1, with $450m in October, and the second, CLO 2023-2, at the end of last year, also at $450m.
Last March, Antares appointed Apex Credit Partners’s Andrew Stern as managing director, portfolio manager and trader for its liquid credit platform, which builds on its private credit CLO platform established in 2017.
Founded in 1996 and based in Chicago, Antares oversees over $68bn in capital. According to Bank of America, Antares is the second-largest private credit CLO manager in the US by AUM with $11.1bn across 13 CLOs, as of 31 March.
Source: Private Equity Wire
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