Ares Drives $1.7 Billion Antares Deal In Secondaries Push

Ares Management Corporation and Antares Capital have completed a second continuation vehicle, securing over $1.7 billion in commitments to acquire assets from a closed-end private credit fund, which includes over 300 first lien, floating rate loans. This initiative aims to provide liquidity for existing investors and access to quality private credit assets for new investors. Antares will continue to manage the loans associated with this vehicle. Ares Management, which has nearly $623 billion in assets under management, recently faced challenges with its Ares Strategic Income Fund, which declined 0.68% last month.