Antares Capital’s $3 Billion Inaugural Senior Loan Fund

Ropes & Gray represented Antares Capital on the deal.

Antares Capital Advisers LLC, a subsidiary of Antares Capital LP, announced the final closing of its inaugural Senior Loan Fund (“SLF”).

The fund, which launched in December 2019, closed on September 14th with approximately $3 billion of asset purchasing power, exceeding its initial target of $1.5 billion. Capital was raised across a diversified set of institutional investors.

The investment objective of the SLF is to build a diverse portfolio of sponsor-backed senior secured loans to U.S. and Canadian borrowers. Investors in the fund are primarily public and private pensions, insurance companies, asset managers and banks located predominantly in the U.S., Canada, Asia and the Middle East.

With approximately $27 billion of capital under management and administration as of December 31, 2019, Antares is a private debt credit manager and leading provider of financing solutions for middle-market private equity-backed transactions.

The Ropes & Gray team advising Antares Capital was led by asset management partner Peter Laybourn (Picture) and included tax partner Jim Brown, private capital transactions partner Patricia Lynch, asset management counsel Catherine Skulan, private capital transactions counsel Patricia Teixera, asset management associates Lindsay Pierce and Chidi Oteh, private capital transactions associate Arnav Prasad, tax associate Kathryn Seevers, and corporate associates Lauren Stewart and Laura Appelt.

Involved fees earner: Laura Appelt – Ropes & Gray; James Brown – Ropes & Gray; Peter Laybourn – Ropes & Gray; Patricia Lynch – Ropes & Gray; Chidi Oteh – Ropes & Gray; Lindsay Pierce – Ropes & Gray; Arnav Prasad – Ropes & Gray; Kathryn Seevers – Ropes & Gray; Catherine Skulan – Ropes & Gray; Lauren Stewart – Ropes & Gray; Patricia Teixera – Ropes & Gray;

Law Firms: Ropes & Gray;

Clients: Antares Capital;

Author: Ambrogio Visconti