Seth Katzenstein joined Antares Capital as managing director and head of broadly syndicated loans to build the firm’s broadly syndicated loan (BSL) business. Katzenstein will be based in New York and report to Vivek Mathew, head of asset management.

Katzenstein brings more than 25 years of experience managing senior secured loan, high yield bond and distressed debt strategies across multiple market cycles. He joins from Intermediate Capital Group (ICG), where he established the firm’s U.S. liquid credit platform and was Head of U.S. loans and high yield, managing more than $6 billion across 20 funds.

“We are thrilled to welcome Seth, a seasoned professional, to the Antares team,” Timothy Lyne, CEO of Antares Capital, said. “Seth has extensive experience in managing tradable credit strategies and building credit platforms. He will undoubtedly be an integral addition to our team as we grow our broadly syndicated loan business to meet the evolving demand of our investors and better serve our clients.”

Prior to ICG, Katzenstein worked at Black Diamond Capital Management as a managing director focused on portfolio management, credit trading and CLO origination. Prior to that, he joined GSC Group at the inception of its CLO platform, serving 13 years in various credit and portfolio management roles.

“I am excited to join Antares, an established firm with one of the largest and longest tenured portfolios in the middle market, and I look forward to working alongside industry experts to scale the firm’s broadly syndicated loan business,” Katzenstein said. “Leading the firm’s expansion into tradable credit is a great opportunity to bring my expertise to bear as we continue to deepen investor relationships and strive to deliver value to all stakeholders.”

In his new role, Katzenstein will also serve as a member of the Antares’ broadly syndicated loan investment committee.