Antares Private Credit Fund Launches with More Than $1.4 Billion in Investable Capital

Antares Launches Flagship Public, Non-Traded Private Credit BDC, Bringing Nearly Three Decades of Institutional Solutions to Private Wealth Investors

Antares Capital ("Antares Capital"), an alternative credit manager with approximately $80 billion* in capital under management and administration, today announced that Antares Private Credit Fund ("ABDC" or the "Fund"), a public, non-traded business development company (BDC), has launched with more than $1.4 billion in investable capital. New and existing global investors in the Fund include insurance companies, banks, family offices and pension plans, and Antares’ majority owner, Canada Pension Plan Investment Board (CPP Investments).

ABDC seeks to offer investors an opportunity to generate current income and attractive risk-adjusted returns. The Fund invests primarily in senior secured floating rate loans to private-equity owned, U.S. middle-market companies. ABDC is managed by Antares Capital Credit Advisers LLC and will be available through financial advisors across the United States, once all state registrations are complete.

Vivek Mathew, Chief Executive Officer and President of ABDC, said, “High-net-worth investors are seeking better diversification and attractive risk-adjusted returns, and we’re thrilled to expand access to our cycle-tested credit platform. By leveraging our expertise from origination to portfolio management, we aim to deliver tailored solutions that create lasting value for the private wealth community.”

“Expanding access to private credit is a natural evolution of our business strategy,” said Timothy Lyne, Chief Executive Officer of Antares Capital. “For nearly three decades, our leadership in the market and unwavering focus on credit quality and proactive risk management have set our platform apart, and we are excited to bring these strengths to a broader audience.”

Antares Capital’s wealth solutions business has grown significantly in recent months, illustrating the firm’s commitment to making its alternative products more accessible to private wealth clients. To learn more about the Fund, and read important disclosures, please visit: www.AntaresBDC.com

About Antares Capital

Founded in 1996, Antares has been a leader in private credit for nearly three decades. Today with approximately $80 billion* of capital under management and administration as of December 31, 2024, Antares is an experienced and cycle-tested alternative credit manager. With one of the most seasoned teams in the industry, Antares is focused on delivering attractive risk-adjusted returns for investors and creating long term value for all of its partners. The firm maintains offices in Atlanta, Chicago, Los Angeles, New York, Toronto and London.

Visit Antares at www.antares.com or follow the company on LinkedIn at https://www.linkedin.com/company/antares-capital-lp.

Antares Capital is a subsidiary of Antares Holdings LP, (collectively, “Antares”). Antares Capital London Limited is an appointed representative of Langham Hall Fund Management LLP, an entity which is authorized and regulated by the Financial Conduct Authority of the UK.

*As of December 31, 2024, all figures are estimates and subject to change upon finalization.

Forward-Looking Statements

This press release may contain "forward-looking statements" within the meaning of the federal securities laws and the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the U.S. Securities and Exchange Commission. The Fund undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this letter.

Important Disclosure Information

An investment in Antares Private Credit Fund involves a high degree of risk. You should purchase these securities only if you can afford the complete loss of your investment. Prior to making an investment, you should read the prospectus carefully for a description of the risks associated with an investment in Antares Private Credit Fund. These risks include, but are not limited to, the following:

• We have no prior operating history and there is no assurance that we will achieve our investment objective.
• You should not expect to be able to sell your shares regardless of how we perform.
• You should consider that you may not have access to the money you invest for an extended period of time.
• We do not intend to list our shares on any securities exchange, and we do not expect a secondary market in our shares to develop prior to any listing. Thus, an investment in Antares Private Credit Fund may not be suitable for investors who may need the money they invest in a specified timeframe.
• Because you may be unable to sell your shares, you will be unable to reduce your exposure in any market downturn.
• We intend to implement a share repurchase program, but only a limited number of shares will be eligible for repurchase and repurchases will be subject to available liquidity and other significant restrictions.
• You will bear substantial fees and expenses in connection with your investment. See “Fees and Expenses” in the prospectus.
• An investment in our shares is not suitable for you if you need access to the money you invest. See “Suitability Standards” and “Share Repurchase Program” in the prospectus.
• We cannot guarantee that we will make distributions, and if we do we may fund such distributions from sources other than cash flow from operations, including, without limitation, the sale of assets, borrowings, or return of capital, and we have no limits on the amounts we may pay from such sources.
• Distributions may also be funded in significant part, directly or indirectly, from temporary waivers or expense reimbursements borne by Antares Private Credit Fund’s investment adviser or its affiliates, that may be subject to reimbursement to the investment adviser or its affiliates. The repayment of any amounts owed to the investment adviser or its affiliates will reduce future distributions to which you would otherwise be entitled.
• We expect to use leverage, which will magnify the potential for loss on amounts invested in us and may increase the risk of investing in us. The risks of investment in a highly leveraged fund include volatility and possible distribution restrictions.
• We qualify as an “emerging growth company” as defined in the Jumpstart Our Business Startups Act and we cannot be certain if the reduced disclosure requirements applicable to emerging growth companies will make our shares less attractive to investors.
• We intend to invest primarily in securities that are rated below investment grade by rating agencies or that would be rated below investment grade if they were rated. Below investment grade securities, which are often referred to as “junk,” have predominantly speculative characteristics with respect to the issuer’s capacity to pay interest and repay principal. They may also be illiquid and difficult to value.
• We intend to invest primarily in the securities of privately-held companies for which very little public information exists. Such companies are also generally more vulnerable to economic downturns and may experience substantial variations in operating results.
• The investment adviser and its affiliates will be subject to certain conflicts of interest with respect to the services provided to Antares Private Credit Fund. These conflicts will arise primarily from the involvement of the investment adviser and its affiliates in other activities that may conflict with Antares Private Credit Fund’s activities. You should be aware that individual conflicts will not necessarily be resolved in favor of Antares Private Credit Fund’s interest.

An investor should consider the investment objectives, risks, and charges and expenses of the fund carefully before investing. A prospectus which contains this and other information about the Fund may be obtained by visiting www.AntaresBDC.com or emailing investorrelations@antares.com. The prospectus should be read carefully before investing.

Quasar Distributors, LLC, is a registered broker-dealer and acts as a managing dealer for the Antares Private Credit Fund.

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