Antares Capital Secures $1.2 Billion Continuation Vehicle with Proskauer's Guidance
Deal News | Jun 04, 2025 | Proskauer Rose (UK) LLP
Proskauer Rose LLP has advised Antares Capital on concluding its first continuation vehicle with commitments exceeding $1.2 billion. Ares Credit Secondaries funds, alongside a commitment from Antares, initiated this $1.2 billion structure. The vehicle's purpose is to acquire assets and limited partner interests from two private credit funds with over 100 foundational first lien, floating rate loans, which have been both originated and managed by Antares. This development offers current investors a lucrative liquidity alternative while presenting new investors with an opportunity to invest in prime Antares-originated private credit assets. The advisory team from Proskauer comprised distinguished partners and associates who contributed specialized expertise across private funds, M&A, tax, finance, and private credit disciplines.
Sectors
- Private Credit
- Legal Advisory
- Asset Management
Geography
- United States – While Proskauer operates globally, this transaction prominently features Antares Capital and Proskauer's New York office, centralizing American involvement in the closure of the continuation vehicle.
Industry
- Private Credit – The transaction involved the closing of a $1.2 billion continuation vehicle that deals specifically with private credit assets and funds managed by Antares Capital.
- Legal Advisory – Proskauer Rose LLP provided legal advisory services for the transaction involving Antares Capital, showcasing their role in complex financial and legal structuring.
- Asset Management – Antares Capital's management of private credit funds and the creation of a continuation vehicle align with asset management industry activities.
Financials
- $1.2 billion – The total commitments raised for the continuation vehicle developed by Antares Capital.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Antares Capital | Target | Company | Antares Capital is involved in the establishment of a $1.2 billion continuation vehicle to manage private credit assets. |
| Proskauer Rose LLP | Legal Advisor | Company | A leading international law firm advising on the completion of Antares Capital's continuation vehicle. |
| Ares Credit Secondaries | Investor | Company | An investment fund leading the transaction with Antares Capital. |