PRIVATE CREDIT WRAP: Antares Betting on Another Record Quarter

Sept. 1, 2021, 3:00 PM

Antares Capital LP, one of the biggest players in the $1 trillion private-credit market, expects a booming next few months, fueled by private-equity firms eager to whittle down their cash stockpiles through takeovers.

The former GE Capital division is what’s known as a middle-market lender -- a specialist in funding acquisitions of mid-sized companies. Among its recent prominent deals, the Chicago-based firm joined a Blackstone Inc.-led group that provided $1.8 billion for Thoma Bravo’s leveraged buyout of Medallia Inc., according to people familiar with the matter.

Antares is also leading a $3.4 billion loan package to Galway Insurance that ...

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