Antares preps for $2.1bn CLO close

The Canada Pension Plan Investment Board-backed firm hired a head of structured products in February 2016 to oversee its resurrected CLO business.  

Antares Capital is expected to close the largest post-financial crisis collateralised loan obligation later this month, bursting back into a business the Chicago-based firm exited over a decade ago.

Standard & Poor’s pre-sale report expects the $2.1 billion deal backed by mid-market will close 18 May; another such report by Moody’s anticipates that date will be no later than October.