Antares Capital is Lead Investor in Sconset Re

Antares announced it was a lead investor in newly established Sconset Re, an independent reinsurance company created to reinsure selected Allianz assets. Voya Financial was also named among institutional equity partners. Antares was appointed a direct lending asset manager for a portion of the new reinsurer's assets, targeting sponsor-backed middle-market senior secured loans. The financing structure also involved Deutsche Bank in advisory and debt arrangement roles. Antares did not state its exact equity subscription, ownership percentage or the vehicle's final committed equity capitalization. Its role as both investor and asset manager is explicitly distinguished.