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PC · PRIVATE CREDIT

Antares Private Credit Fund

Antares Capital · Non-traded perpetual-life BDC (senior secured direct lending)

Program Overview

Non-traded perpetual-life BDC (senior secured direct lending)
Antares Private Credit Fund
Peer Group Filters
Objectives
Income
Asset Class
Private Credit
Vehicle
BDC
Single / Multi Asset
Multi-Asset
Sponsor/Manager
Asset Class
Private Credit
Issuer
Antares Private Credit Fund
Issuer Legal Structure
Delaware Statutory Trust
Program Life Structure
Perpetual
Target Leverage
Minimum 150% asset coverage BDC 150% asset coverage (max ~2.0x debt/equity); target ~1.0x-1.25x. 6/30/26: $933.4M debt, 1.15x, 186.70% coverage (peak 1.30x on 2/28/26). SMBC senior secured facility plus Morgan Stanley SPV facility; first-priority lien on substantially all assets.
Strategy Risk/Return Profile
-
Managing Broker-Dealer
Scale
33,005,629 Class I shares outstanding
Maximum Offering
$2,000,000,000
Minimum Investment
$2,500
Class S common shares of beneficial interest · waivable
Strategy Overview

The prospectus states the objective is to provide risk-adjusted returns and current income by investing primarily in loans to U.S. borrowers. Under normal circumstances at least 80% of total assets are invested in private credit, principally sponsor-backed senior secured loans (first lien, second lien or unitranche) sourced and underwritten through the Antares Lending Platform. The Fund may make opportunistic investments (mezzanine, PIK, convertible and unsecured debt, preferred and common equity), may hold covenant-lite loans, and may borrow up to the BDC 150% asset coverage limit. The 80% policy is not fundamental.

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