The Fund is a new fund, externally managed by Antares Capital Credit Advisers LLC (“Antares Capital Credit” or the “Adviser”), that has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940. The Fund seeks to invest in a diverse portfolio of sponsor-backed senior secured loans¹ to primarily U.S. borrowers. Sponsor-backed loans are loans to portfolio companies in which financial sponsors have an ownership interest and "non-sponsor-backed" loans refer to loans to portfolio companies in which financial sponsors do not have an ownership interest. Antares Capital Credit Advisers LLC is an affiliate of Antares Capital LP.

Our investment objective is to provide risk-adjusted returns and current income to shareholders by investing primarily in loans to U.S. borrowers.

Founded in 1996, Antares has been a leader in private credit for nearly three decades. With approximately $73 billion of Capital Under Management and Administration² as of September 30, 2024, Antares is an experienced and cycle-tested alternative asset manager.

As a portfolio company of CPP Credit Investments (Canada) Inc., one of the largest pension funds globally, we are proud of our team of 470+ professionals³ who are committed to leveraging our decades of experience, trusted relationships and scale to provide reliable credit solutions that create lasting value for all our partners.

A Business Development Company ("BDC") is a type of closed-end investment company created by Congress through the Small Business Investment Incentive Act of 1980 to facilitate capital investment in small and middle market companies. BDCs typically invest in private or certain public companies in the form of debt or equity capital, with the goal of generating current income, capital appreciation, or both. BDCs must invest at least 70% of their assets in "qualifying assets," which are generally privately offered loans, equity and debt securities issued by U.S. private companies or U.S. publicly traded companies with market capitalizations less than $250 million.

Our investment objective is to provide risk-adjusted returns and current income to shareholders by investing primarily in loans to U.S. borrowers.

Our investment strategy focuses primarily on private credit investments structured as Portfolio Loans to U.S. borrowers. A “Portfolio Loan” is a senior secured loan, which may be first lien, second lien or a unitranche loan, consisting of term loans and/or related delayed draw term loans and/or revolving loans, and each tranche of a senior secured loan acquired by the Fund is referred to as a Portfolio Loan. The Fund is expected to acquire Portfolio Loans that have been sourced and underwritten (i.e., evaluated for associated potential risks) by Antares, its affiliates, or by other loan originators.

While our investment strategy primarily focuses on companies in the United States, we also intend to leverage Antares’ global presence to invest in companies in Canada, Europe and other locations outside the U.S., subject to compliance with BDC requirements to invest at least 70% of assets in “eligible portfolio companies” (“BDC Portfolio Requirements”). The Fund’s subsidiaries’ principal investment strategies and associated principal risks will be consistent with the Fund’s principal investment strategies and associated principal risks.

Our investment strategy also includes a smaller allocation to more liquid credit investments such as broadly syndicated loans and corporate bonds. We intend to use these investments to maintain liquidity for our share repurchase program (as further described within the “Redemption” FAQ) and manage cash before investing subscription proceeds into originated loans, while also seeking attractive investment returns. We may also invest in publicly traded securities of larger corporate issuers on an opportunistic basis when market conditions create compelling potential return opportunities, subject to compliance with BDC Portfolio Requirements.

Please consult our Prospectus for additional details on the investment strategy of the Fund.

Antares Private Credit Fund is structured as a continuously offered, non-traded BDC, which accepts subscriptions monthly. Suitable investors (as described under “Suitability Standards” in the Fund’s Prospectus) may only purchase our common shares pursuant to accepted subscription orders as of the first business day of each month. The purchase price of common shares will be at the NAV as of the last day of the prior month. Please note, there are three share classes of common shares offered to the public – Class S shares, Class D shares and Class I shares, as further described within the Prospectus.

Please consult the How to Subscribe section in our Prospectus for additional details and contact your financial advisor to determine your eligibility.

We expect to pay regular monthly distributions⁴. Any distributions we make will be at the discretion of our Board of Trustees, taking into account factors such as our earnings, cash flow, capital needs, and general financial condition. As a regulated investment company (“RIC”), we are generally required to distribute at least 90% of our net taxable investment income to shareholders annually. As a result, our distribution rates and payment frequency may vary from time to time and there is no assurance we will pay distributions in any particular amount, if at all.

Please consult our Prospectus for additional details and contact your financial advisor to determine your eligibility.

We expect to pay regular monthly distributions. However, there is no assurance that we will pay distributions in any particular amount, if at all.

Yes, distributions paid by the Fund are generally taxable to U.S. shareholders as ordinary income to the extent such distributions are paid out of our current or accumulated earnings and profits. Additionally, distributions, if any, of net capital gains properly reported as “capital gain dividends” will be taxable as long-term capital gains, regardless of the length of time the shareholder has owned our common shares. We provide our U.S. shareholders with a Form 1099-DIV, or 1099-B, if required, and our foreign shareholders with a Form 1042-S following year-end, detailing the tax categorization of distributions paid in the preceding year. We recommend consulting with your tax advisor regarding the specific tax implications for your situation.

We intend to offer a limited share repurchase program⁵, we intend to offer repurchases quarterly, up to a maximum of 5% of our outstanding shares of common stock (by number of shares) as of the previous calendar quarter. Additionally, under our share repurchase program, common shares that have not been outstanding for at least one year will be repurchased at 98% of the relevant NAV. The one-year holding period is measured as of the subscription closing date immediately following the prospective repurchase date. Please consult our Prospectus for additional details regarding the share repurchase program.

Yes, account statements are provided on a quarterly basis.

Yes, to purchase Class S or Class D shares in this offering, you must make a minimum initial investment in our common shares of $2,500. To purchase Class I shares in this offering, you must make a minimum initial investment of $1,000,000, unless waived or reduced by the Distributor, as defined in the Prospectus.

After an initial investment, all subsequent purchases of Class S, Class D or Class I shares, except for those made under our distribution reinvestment plan, are subject to a minimum investment size of $500 per transaction.

Please refer to Key Terms included within the Resources tab for a summary of the key terms for the Fund.