Antares Capital has closed its first broadly syndicated loan CLO, the Orion CLO 2023-1, on $450 million.
Orion CLO 2023-1 is designed to comply with European risk retention regulations. As the inaugural BSL CLO, it marks a milestone for the firm, which has so far focused on private credit CLOs.
Antares Capital has approximately $64 billion in assets under management, with $12 billion of this spread across 12 private credit CLOs.
Antares has also made three recent senior hires for its New York-based liquid credit team.
Rob Davis and Amy Ecker have joined as managing directors, liquid credit and Jonathan Rogers has been named vice-president, liquid credit.
Davis comes from Alcentra, where he was most recently a managing director and was responsible for investments in the loans and bonds of corporate borrowers across several sectors. Before that, he held roles at Nomura Corporate Research and Asset Management and Avenue Capital Group.
Ecker has spent 12 years with HPS Investment Partners, most recently as a managing director responsible for investments in the loans and bonds of corporate borrowers across several sectors.
Rogers was most recently at LoansIntel, where he focused on developing detailed financial models of broadly syndicated loan issuers. He has also worked in various investing and restructuring roles at Investcorp, Apex Credit Partners and CIT.
The firm described both the hires and the close as signs of its momentum and the range of options it is offering investors across asset classes.