Ares in Antares’ $1.7 Billion Private Credit Continuation Vehicle

Cleary Gottlieb represented Ares Management (Ares) as a lead investor in connection with a $1.7 billion credit continuation vehicle organized by Antares.

This represents the second continuation vehicle that Ares’ credit secondary team has formed with Antares in the past 12 months. Cleary also represented Ares on the previous continuation vehicle.

The transaction, which involved the purchase of assets from a closed-end private credit fund, provides existing investors with the opportunity for liquidity and new investors with exposure to the portfolio of private credit assets.

For more information, please see the press release.

The Cleary sponsor solutions and global funds team included partners Kenneth Blazejewski and Alexander Argyris and associate Sean Milligan. The tax team included partners Jason Factor and Susanna Parker and associate Adrianna Duggan. Partner Liz Dyer advised on ERISA matters.