Antares Capital, an alternative asset manager with $68+ billion in assets under management and administration, closed its third broadly syndicated loan (BSL) collateralized loan obligation (CLO), Orion CLO 2024-3, totaling $400 million.
“We are thrilled by the continued momentum and positive market reception our Liquid Credit strategy has received since its inception last year,” Vivek Mathew, head of asset management at Antares, said. “Today’s close underscores our credit expertise, investor alignment across our strategies and nearly three decades of experience in credit markets.”
Orion CLO 2024-3, which is intended to comply with European risk retention regulations, closes on the heels of significant momentum of the firm’s liquid credit platform. The transaction received strong investor interest across the debt stack, building further on the platform’s strategy and growing relationships in the liquid credit CLO space. Late last year, the firm closed its second BSL CLO totaling $450 million, which came shortly after the close of its inaugural BSL CLO at $450 million and an expansion of the senior liquid credit team.
“The rapid growth of our liquid credit platform in such a short time is a testament to managing one of the industry’s largest and longest-tenured private debt portfolios,” Seth Katzenstein, head of liquid credit at Antares, said. “We are looking forward to building on our investor relationships with a long-term view of credit markets.”
