Antares Closes Orion CLO 2023-1 at $450 Million and Expands Liquid Credit Team

Antares closed its inaugural broadly syndicated loan CLO, Orion CLO 2023-1, totaling $450 million. The firm also announced senior appointments of Rob Davis and Amy Ecker as managing directors and Jonathan Rogers as vice president to expand its New York-based Liquid Credit investment capabilities. The CLO was intended to comply with European risk-retention rules. The release cited approximately $12 billion AUM across twelve private credit CLOs as of June 30, 2023, a CLO-specific business metric. The $450 million amount is the securitization vehicle issue size rather than consolidated Antares assets under management.