Another co-founder of Antares Capital is set to depart for a position outside the firm – the third such departure in five months, according to sources familiar with the situation.
Dan Glickman, a senior managing director at the mid-market lender, will be leaving at the end of the week, firm spokeswoman Carol Ann Wharton confirmed.
“We wish Dan all the best and thank him for his many years of service to our firm,” she said in an email.
Glickman could not be reached for comment.
Two other co-founders have left in recent months: Eric Hansen, also a senior managing director, exited the firm in November, while co-chief executive John Martin left in early March. Martin’s departure left David Brackett as the sole CEO.
Glickman had previously been in the corporate finance group at Heller Financial. He is also a certified public accountant, according to his biography. Antares was founded in 1996 and Glickman has remained with the firm through its ownership by GE Capital, which lasted from 2005 to 2015, after which Canada Pension Plan Investment Board purchased Antares for $12 billion.
Chet Zara, a senior managing director, also left the firm in February of last year.
Antares provides senior secured loans to private equity-backed companies. Specifically, it lends revolvers, term loans, delayed draw term loans and second-lien debt.