Antares adds fundraising firepower from Crescent

The hire comes after Northleaf Capital acquired a minority stake in Antares in November, which will help the latter access third-party capital from Canadian investors.

Antares Capital has hired Greg Lawton to help its asset management arm raise cash from institutional investors as it looks to expand its capital base, the firm said in a statement on Tuesday.

Lawton joins the Chicago-based mid-market lender from Crescent Capital where he spent five years as a managing director and helped the Los Angeles-based firm raise money principally from financial institutions. Prior to Crescent, Lawton worked helped the insurance asset management arm of Wells Capital Management raise investor dollars. He will report to Timothy Lyne, an Antares senior managing director and asset management division leader.

“As the growth of our asset management business continues to accelerate, we are very pleased to welcome Greg to the team,” said Lyne. “Greg is a seasoned fundraising veteran and we look forward to his contributions.”

An Antares spokeswoman said Lawton will help Antares diversify its funding sources and noted he started with the firm in late April.

Toronto-based Northleaf Capital acquired a minority stake in Antares last November, a move aimed at allowing Antares to gain a foothold among Canadian limited partners, a potential new funding source for the firm. For Northleaf’s part, it gained access to Antares’ deal origination platform.

Antares hoped grow its managed accounts business. At the time, Antares co-chief executive John Martin told Private Debt Investor the firm had met with several potential pension fund investors.

Lawton’s addition also comes amid a busy month for Antares, as it has deployed capital at a rapid clip. The firm deployed $897 million across three of four announced transactions so far this month. The fourth deal did not disclose a loan principal. In all deals, the firm played a role in arranging the facility. Last month the firm closed its first collateralised loan obligation in over a decade when it finalised a $2.1 billion mid-market CLO.