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Antares Closes $1.2 Billion Private Credit Continuation Vehicle Led by Ares Management

1. Ares closed a $1.2 billion continuation vehicle for Antares Capital. 2. The vehicle focuses on assets from private credit funds.

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FAQ

Why Bullish?

The successful closing of a significant continuation vehicle indicates Ares's financial strength and growth strategy. Historically, Ares has benefited from similar capital transactions, positively impacting its stock prices.

How important is it?

The closure of this vehicle reflects Ares’s commitment to growth in private credit sectors, potentially enhancing investor confidence. Increased assets under management often lead to appreciation in share value, making this news important for ARES shareholders.

Why Short Term?

The immediate market reaction may be favorable due to the large commitment, but long-term effects depend on performance. Previous deals in private credit have shown short-term gains for management firms like Ares.

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ANTMAPAMBX
CHICAGO & NEW YORK--(BUSINESS WIRE)--Antares Capital and Ares Management Corporation (“Ares”) (NYSE: ARES) today announced the closing of Antares' first continuation vehicle with over $1.2 billion in commitments. The transaction was led by Ares Credit Secondaries funds, along with a commitment from Antares. The continuation vehicle was established to purchase assets and limited partner interests from two comingled private credit funds comprising over 100 underlying first lien, floating rate loa.

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