Antares Private Credit Fund (“ABDC” or the “Fund”)

Seeking to offer investors an opportunity to generate current income and attractive risk adjusted returns¹.

ABDC is a non-traded business development company (“BDC”) that invests in a diversified portfolio of loans to middle market, private equity-owned companies with a focus on credit quality and proactive risk management.

Metrics²

$25.11

NAV Per Share

As of January 1, 2024

Why ABDC?

Income

Interest payments aim to provide current income generation through monthly distributions³ which are supplemented by risk adjusted returns.

Access

Investors gain access to Antares’ cycle-tested credit platform with expertise from origination to portfolio management.

Risk Management

Direct access to borrowers through a lead lender position enables proactive oversight. Emphasis is placed on constructing a portfolio of senior secured loans, which offer higher priority in the capital structure and generally may return better recovery rates⁴ in default scenarios.

Based on principal recovered and realized gains from debt-to-equity conversions.

Structure

Monthly subscriptions, quarterly redemptions⁵ and 1099 tax reporting provide investors access to an asset class that was traditionally reserved for institutional investors⁶.

Fund Documents

View Fact Sheet

View Prospectus

Market Insights

Informed perspectives from decades of experience.

See our Informed Perspectives

The Antares Advantage

Scale

Nearly three decades of experience, deep-rooted relationships with 400+ private equity firms and the expertise gained from managing one of the industry’s largest and most diverse portfolios, translates to a strength in scale and sourcing selectivity that is hard to match.

Experience

Demonstrated across market cycles, Antares’ tenured credit culture has remained consistent since our founding nearly 30 years ago⁷. Experience to understand that capital preservation is typically achieved through disciplined credit selection, diversified portfolios, and active portfolio management

Alignment

Antares takes meaningful principal risk alongside our investors. We actively seek opportunities within our asset class, with an emphasis on capturing relative value. We are not asset gatherers; rather, we are true co-investors⁸ focused on delivering attractive risk-adjusted returns for our investors (or clients).

^1. Please note, there can be no assurance that the Fund will generate income or risk adjusted returns. Please refer to the Prospectus for information on the investment objectives of the Fund.

^2. As of January 31, 2025.

^3. Distributions are not based solely on performance. There is no assurance that we will pay distributions in any particular amount, if at all. We may fund any distributions from sources other than cash flow from operations, including, without limitation, reimbursable expense waivers, borrowings or return of capital and we have no limits on the amounts we may pay from such sources. Using non-income sources to pay distributions may not be sustainable and could reduce investors' overall return. Distributions may be modified, suspended or terminated at any time.

^4. Based on principal recovered and realized gains from debt-to-equity conversions. Although loans are senior in the capital stack and secured by collateral, there is no assurance the value of the collateral will be sufficient in the event of default. Senior secured loans can experience losses.

^5. The Share Redemption Program, which we intend to implement, is very limited subject to suspension, modification and termination. Investors should not expect to redeem shares in the amount or at the time they desire. When an investor applies for redemptions, only a limited number of shares will be eligible for repurchase and repurchases will be subject to available liquidity and other significant restrictions.

^6. Endowments and institutional investors invest on substantially different terms and conditions than individual investors, which may include lower fees, expenses, leverage or extra sway with management. Institutional investors have different investment objectives and constraints than individuals, including with respect to risk tolerance, investment time horizon, tax treatment, concentration limitations and liquidity needs. Institutional investors can withstand a total loss of principal which many retail investors may not be able to withstand.

^7. ABDC is a new fund with no operating history for which an investor could ascertain a probability of future performance.

^8. Please note, Antares does not hold shares in the Fund as of November 5, 2024, however the Antares Balance Sheet invests in the vast majority of the same investments as those held within the Fund’s Private Credit portfolio.