Timothy Lyne, founding partner and current chief operating officer of Antares Capital, will succeed David Brackett as CEO of the firm. Brackett will retire from his role as CEO on Dec. 31 and will remain with Antares in an advisory capacity.
Antares closed 139 transactions totaling almost $11 billion in financing commitments to middle-market, private equity-backed companies in the first half of 2021.
Jeffrey Stammen joined Antares Capital, a private debt credit manager with more than $30 billion of capital under management and administration, as managing director and head of investor coverage in asset management.
The middle market is ripe with opportunity in 2021 with heightened expectations for deal-making as well as widespread global economic optimism, according to a survey from Antares Capital.
Antares closed more than 220 transactions in 2020, issuing nearly $14 billion in financing commitments to middle market, private equity-backed companies.
Antares Capital released the results of its third annual market outlook survey of middle market private equity borrowers, sponsors and investors, Antares Compass. Despite the rocky end for markets in 2018, confidence among middle market participants appears to be holding up well in 2019.
Antares Capital co-CEO and founding partner John Martin will retire at the end of April. Co-CEO David Brackett will become sole CEO. Brackett and Martin have served as co-CEOs since 2015, and both were founding partners of the firm in 1996.
Antares Capital closed more than 300 transactions in 2018 and issued nearly $25 billion in financing commitments, including $1.5 billion in new unitranche program commitments and $15 billion in syndicated credit facilities.
Antares Capital appointed Timothy Lyne as senior managing director and co-head of Sponsor Coverage and Vivek Mathew as head of Asset Management and Funding.
Antares Capital closed more than 250 transactions in 2017, issuing more than $21 billion in financing commitments and acting as lead left arranger for approximately $17 billion of first lien and second lien credit facilities.