Antares Private Credit Fund

CIK 0001976336Antares

Antares Private Credit Fund is a non-traded business development company advised by Antares. With $1.7 billion in total assets, it is one of the smaller funds in the coverage universe. The portfolio is concentrated in direct lending, with 98% in first-lien senior secured loans and 98% in floating-rate debt by fair value, at a weighted-average spread of 465 bps over the base rate. Its largest sector exposure is Industrials (13% of holdings).

NAV/Share

$25.18

AUM

$1.7B

Positions

898

Strategy

Private Credit

Wtd. Avg. Coupon

8.3%

Wtd. Avg. Spread

5 bps

Wtd. Avg. Maturity

4.7 yrs

98% coverage

Top 10 Concentration

8.6%

PIK in Terms

2.2%

Instrument type

Share of portfolio fair value

First Lien

98%

of fair value

First Lien97.9%

Unsecured0.5%

Equity1.4%

Industry exposure

Share of holdings fair value

Top 5

90%

of holdings

Industrials12.7%

Health Care8.2%

Financials8.1%

Information Technology4.5%

Other3.0%

Consumer Discretionary2.1%

Materials2.1%

Utilities0.9%

Consumer Staples0.8%

Communication Services0.8%

Energy0.6%

Unknown56.1%

Unknown sector positions lack GICS classification in the source filing or could not be reconciled.

Maturity profile

Share of debt fair value by years to maturity.