The Credit Edge by Bloomberg Intelligence
Antares CEO Eyes M&A Route to Private Debt Expansion
Jul 18, 2024
Tim Lyne, CEO of Antares Capital, discusses the firm's expansion plans in Europe and interest in real estate and infrastructure. He touches on funding strategy, market stress, fundraising, and the increasing diversity of private credit investors. The podcast explores the risks and growth of the private credit market, strategies for minimizing risks, expansion into European markets, geographical diversification in fundraising, and worries about financial outlook.
46:53
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Quick takeaways
- Antares Capital is considering M&A for European expansion, targeting real estate, infrastructure, and asset-backed finance.
- Private credit market growth faces challenges with rising defaults, lower returns, and competitive fundraising, highlighting its risks.
Deep dives
Private Credit Market Growth and Concerns
Private credit market has seen significant growth, now a $1.7 trillion market, attracting attention with the tightest pricing and biggest deals. However, concerns loom as interest rates stay high, economy slows, leading to more debt for interest payments, extensions in deals, and potential defaults. Rising defaults, lower returns, and competitive fundraising highlight the challenges and potential risks in the private credit space.
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