Investments
$2,036.5M
Senior Secured Debt
~97.7%
Annualized Distribution Rate
~9.00%
Median LTM EBITDA
$90.0M
Weighted Average Loan-to-Value
~36.8%
Weighted Average Net Senior Leverage
5.4x
Defensive Portfolio Positioning
Industry Diversification
Exposure to 40 industries
As of November 5, 2024
Borrower Diversification
Portfolio comprised of over 325 borrowers
Top 10 Borrowers
| Company Name | S&P Industry | Commitments (% of total) |
|---|---|---|
| Cerity Partners | Financial Services | 1.4% |
| OEConnection | Software | 1.4% |
| Mitratech | Software | 1.2% |
| RevSpring | Health Care Technology | 1.1% |
| Integrated Power Services | Energy Equipment and Services | 1.1% |
| CDL Nuclear Technologies | Healthcare Equipment and Supplies | 1.0% |
| Vessco | Distributors | 1.0% |
| Aprio | Financial Services | 1.0% |
| Worldwide Clinical Trials | Life Sciences Tools & Services | 0.9% |
| Amerilife | Insurance | 0.9% |
Footnotes
- Represents total loan commitments as of July 31, 2026.
- Represents First Lien loans as a percentage of the Private Credit portfolio at fair value as of June 30, 2026.
- Distribution yield is calculated by annualizing the next month’s declared distribution by share by the most recent month-end NAV.
- Includes all private loan investments for which fair value is determined by Antares Capital Credit Adviser LLC (“the Adviser”) at least quarterly (with assistance, as applicable, from a third-party valuation firm, and subject to oversight by the Board). Portfolio metrics are based on latest unaudited financial statements received by the Adviser and its affiliates as of June 30, 2026. LTM EBITDA refers to adjusted earnings before interest, taxes, depreciation and amortization (“EBITDA”) in accordance with the underlying governing documents, over the last twelve months as reported by respective borrowers. Excludes investments with no reported EBITDA or where EBITDA, in the Adviser’s judgment, was not a material component of the investment thesis, such as annual recurring revenue loans, or investments with negative EBITDA.
- Includes all private loan investments for which fair value is determined by Antares Capital Credit Adviser LLC (“the Adviser”) at least quarterly (with assistance, as applicable, from a third-party valuation firm, and subject to oversight by the Board). Portfolio metrics are based on latest unaudited financial statements received by the Adviser and its affiliates as of June 30, 2026. Net senior leverage is the ratio of total debt minus unrestricted cash divided by LTM EBITDA and taking into account leverage through the tranche in which the Company holds an investment, excluding recurring revenue loans. Weighted average net senior leverage is weighted based on the funded commitment of total applicable private loans.
- Includes all private loan investments for which fair value is determined by Antares Capital Credit Adviser LLC (“the Adviser”) at least quarterly (with assistance, as applicable, from a third-party valuation firm, and subject to oversight by the Board). Portfolio metrics are based on latest unaudited financial statements received by the Adviser and its affiliates as of June 30, 2026. Loan-to-Value (“LTV”) is calculated as net debt through each respective investment tranche in which the Company holds an investment divided by estimated enterprise value or value of the underlying collateral of the portfolio company. Weighted average LTV is weighted based on the funded commitment of the total applicable private loans.
- Represents loan commitments in the Private Credit portfolio as of June 30, 2026. Pie charts may not sum to 100% due to rounding.
- Industry groups are based on S&P Industry Classification. ‘Other’ category in the Loan Portfolios includes 31 industries with top concentration <3.0% of the Private Credit Loan Portfolio. ‘Other’ Industries in the Loan Portfolio are comprised of S&P industry classifications: (1) Containers and Packaging, (2) IT Services, (3) Distributors, (4) Healthcare Equipment and Supplies, (5) Capital Markets, (6) Energy Equipment and Services, (7) Automobile Components, (8) Technology Hardware, Storage and Peripherals, (9) Life Sciences Tools & Services, (10) Construction & Engineering, (11) Air Freight and Logistics, (12) Industrial Conglomerates, (13) Electronic Equipment, Instruments and Components, (14) Gas Utilities, (15) Construction Materials, (16) Household Products, (17) Machinery, (18) Food Products, (19) Real Estate Management and Development, (20) Wireless Telecommunication Services, (21) Hotels, Restaurants and Leisure, (22) Specialty Retail, (23) Oil, Gas and Consumable Fuels, (24) Trading Companies and Distributors, (25) Building Products, (26) Transportation Infrastructure, (27) Electrical Equipment, (28) Personal Care Products, (29) Household Durables, (30) Aerospace and Defense, and (31) Textiles, Apparel and Luxury Goods.
- Borrower ranking represented by companies with the ten largest total loan commitments in the Private Credit portfolio as of June 30, 2026.
- Based on S&P Industry Classification.