The continuously offered private credit vehicle reported $802.8 million in net assets and leverage near its target range as its public raise pushes past $817 million.

June 1, 2026

Antares Private Credit Fund has declared a regular monthly distribution of $0.1887 per common share, the Chicago-based fund disclosed in a current report dated May 28, 2026. The payment is directed to shareholders of record as of that same date and is scheduled for delivery on or about June 29. Investors enrolled in the fund’s distribution reinvestment plan will receive additional shares rather than cash.

NAV and Portfolio Snapshot

Alongside the payout, the fund gave an updated read on its net asset value and portfolio. As of April 30, NAV stood at $24.69 per share for its Class I common shares, currently the only class outstanding. Aggregate net asset value reached roughly $802.8 million, supported by loan commitments of about $2.06 billion.

On the financing side, the fund reported approximately $946.3 million in principal debt outstanding. Key leverage measures included:

• A debt-to-equity ratio of about 1.18 times, measured against NAV.
• A net leverage ratio of roughly 1.12 times, after netting out cash, foreign currency holdings, and short-term investments.

Those figures place the fund within the leverage range typical for business development company-style private credit vehicles, where borrowing is used to amplify returns on a portfolio of corporate loans.

Status of the Offering

The fund also refreshed the status of its capital raise. It continues to offer up to $2.0 billion in shares on a continuous basis, selling monthly at a price generally tied to NAV per share. Through the May 1 subscription date, it had issued about 32.6 million Class I shares for total consideration of roughly $817 million — a tally that excludes shares sold under the reinvestment plan.

Yield and Context

At the declared monthly rate, the distribution annualizes to approximately $2.26 per share, implying a yield of about 9.2 percent against the latest NAV. That level is consistent with the income-focused positioning of private credit funds that lend directly to middle-market companies. The report does not address whether the distribution is fully covered by net investment income, a detail advisors typically verify against a fund’s periodic financial statements.

The disclosures land amid broader scrutiny of private credit valuations and liquidity across the sector. The current report was signed by Chief Financial Officer Thomas Sweeney.