NEW YORK, June 4, 2025 – Leading international law firm Proskauer announced today that it advised Antares Capital (“Antares”) on the closing of its first continuation vehicle with over $1.2 billion in commitments. The transaction was led by Ares Credit Secondaries funds, along with a commitment from Antares.
The continuation vehicle was established to purchase assets and limited partner interests from two comingled private credit funds comprising over 100 underlying first lien, floating rate loans originated and managed by Antares. The vehicle provided existing investors with an attractive liquidity option while offering new investors exposure to quality Antares-originated private credit assets.
The Proskauer secondaries team was led by partners Christopher Robinson and Corey Dietrich (Private Funds) and partner Kunal Dogra (M&A). It also included partners Chip Parsons, Amanda Butler-Jones and Ryan Carpenter and associates Daniel Langley, Diana Ayoub, Ginny Lee, Andrew MacKinlay, Brendan Conroy and Alexandra Wolff (Private Funds); partner Janicelynn Asamoto Park and associates Sean Webb and Julia Varoutsos (Tax); partners John Goldfinch and Matt Kerfoot and associates Peter West and Allison Saltstein (Finance); associates Jack Morant and J. Ryan Murphy (M&A); and associates Daniel Pollick, Chi-Yu Huang and Alondra Urbina (Private Credit); and partner Nathan Schuur (Regulatory).
About Proskauer
The world’s leading organizations and global players choose Proskauer to represent them when they need it the most. With 800+ lawyers in key financial centers around the world, we are known for our pragmatic and commercial approach. Proskauer is the place to turn when a matter is complex, innovative and game-changing. We work seamlessly across practices, industries and jurisdictions with asset managers, private equity and venture capital firms, Fortune 500 and FTSE companies, major sports leagues, entertainment industry legends and other industry-redefining companies.
Proskauer’s market-leading global secondaries team has provided in-depth advice on all aspects of the secondaries market since the inception of the industry. Long recognized as the top destination practice for secondaries buyers and secondaries fund formations, Proskauer’s expertise touches all aspects of the secondaries market. The firm acts on the most high-profile LP portfolio transactions and cutting-edge GP-led deals and represents a multitude of market participants including a range of buyers, sellers, GPs, lenders and lead and syndicate investors in continuation vehicles.