Capital Allocators – Inside the Institutional Investment Industry
Tim Lyne – Three Decades of Private Credit at Antares (EP.346)
Oct 26, 2023
Tim Lyne, CEO of Antares Capital, shares insights from his three decades in private credit, a field he helped transform. He reflects on the evolution from traditional lending to modern asset management, emphasizing the critical role of relationships with private equity sponsors. The discussion highlights strategies for building resilient investment portfolios and navigating market complexities. Tim also explores growth opportunities in direct lending and stresses the importance of teamwork and a positive mindset in overcoming industry challenges.
47:43
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Quick takeaways
- The private credit industry has evolved from traditional bank lending to private credit asset management, with Antares Capital successfully adapting to these changes.
- Antares Capital emphasizes the importance of underwriting strong businesses with appropriate leverage multiples to mitigate financial risks in the current economic landscape.
Deep dives
Three decades of lending and the evolution of the private credit industry
The podcast episode features an interview with Tim Lin, the CEO of Antares Capital, a private credit manager with $65 billion in assets. The conversation explores the growth and changes in the private credit industry over the years. It discusses the transition from traditional bank lending to private credit asset management and the opportunities and risks in the business. They also touch upon topics such as cash flow lending, asset-based lending, and the emergence of direct lending. Tim emphasizes the importance of strong relationships with private equity sponsors and the role of diversity and collaboration within their organization.
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