Antares Capital Closes Third BSL CLO at $400 Million

Antares closed Orion CLO 2024-3, its third broadly syndicated loan CLO, totaling $400 million. The issuance marked additional growth of the firm's Liquid Credit offering, which manages syndicated corporate loans alongside its longer-standing private credit business. Antares stated that the CLO was intended to comply with European risk-retention regulations and noted demand across the capital structure. The firm also cited a portfolio of approximately $11.1 billion of assets under management across 13 CLOs as of March 31, 2024, which is a CLO segment metric rather than Antares' overall firm AUM. No vehicle-specific net IRR, TVPI or investor fee terms were disclosed.