Reported 8 months ago
Antares Capital is seeking to raise around $6 billion for its third senior loan fund, despite a decline in private credit fundraising. The direct lender's target for the new fund is $5 billion to $6 billion, with the possibility of adjustments based on market conditions. Antares, known for providing financing to middle-market, private equity-backed companies, closed its second fund with approximately $6 billion in capital in July 2023, with investments from various institutions. Private credit fundraising globally has slowed down, raising $30.4 billion in the first quarter of 2024, the slowest since 2016 according to PitchBook.
Source: YAHOO