Public, non-traded

ABDC — Antares Private Credit Fund

Antares Private Credit Fund is a business development company managed by Antares Capital. Strategy: senior secured sponsor-backed.

What SpreadVista tracks for ABDC

•Marks-to-par across the portfolio. Fair value as a fraction of par cost — the canonical health signal for a private-credit position — read from ABDC's own iXBRL tags and tracked quarter-over-quarter. A mark needs a par basis to exist, and ABDC reports one on 54.6% of the positions we serve; the rest (equity stakes, warrants, untagged principal) are shown without one rather than estimated.
•Non-accrual positions. The ABDC positions we tied to a non-accrual disclosure in the filer's own footnotes, and the dollar exposure behind them. A position is flagged only where the filing says so — every other position is carried as unknown, never as performing — so read this as a floor on ABDC's non-accruals, not a complete list.
•Top issuers by fair value. ABDC's concentration profile — the largest 10/25/50 exposures with mark and maturity context.
•Spread surface vs comparable BDCs. Where ABDC's positions sit on the credit-spread surface relative to peer-group BDCs holding similar credits, across the 67.8% of its positions that carry a tagged spread over a reference rate.
•Cross-vehicle issuer exposure. Which other BDCs and interval funds hold the same credits as ABDC — a contagion-risk view incumbents charge $20K–200K per seat for.

What we can't show for ABDC

SpreadVista only serves what the filer machine-tagged, and only computes a metric where there is enough of it to stand behind. Each item below is either under that bar for ABDC or something we could not tie to any individual position — the note says which. We leave them blank rather than infer them:

•NAV per share. We have no NAV-per-share observation for ABDC. Non-traded BDCs report NAV outside the tagged Schedule of Investments, so it doesn't reach us through the same pipeline as the positions.

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Free to research. Every ABDC position we serve, every cross-vehicle overlap — sourced directly from primary regulatory disclosures, with the methodology and the coverage gaps shown on every chart.

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About ABDC

Ticker: ABDC
Legal name: Antares Private Credit Fund
Manager / Advisor: Antares Capital
Category: Public, non-traded
Strategy: Senior secured sponsor-backed
Fiscal year end: 12-31
SEC CIK: 1976336 (Primary filings) (opens in new tab)

Related concepts

Plain-English explanations of the concepts behind BDC analysis:

What SpreadVista tracks for ABDC

•Marks-to-par across the portfolio. Fair value as a fraction of par cost — the canonical health signal for a private-credit position — read from ABDC's own iXBRL tags and tracked quarter-over-quarter. A mark needs a par basis to exist, and ABDC reports one on 54.6% of the positions we serve; the rest (equity stakes, warrants, untagged principal) are shown without one rather than estimated.

•Non-accrual positions. The ABDC positions we tied to a non-accrual disclosure in the filer's own footnotes, and the dollar exposure behind them. A position is flagged only where the filing says so — every other position is carried as unknown, never as performing — so read this as a floor on ABDC's non-accruals, not a complete list.

•Top issuers by fair value. ABDC's concentration profile — the largest 10/25/50 exposures with mark and maturity context.

•Spread surface vs comparable BDCs. Where ABDC's positions sit on the credit-spread surface relative to peer-group BDCs holding similar credits, across the 67.8% of its positions that carry a tagged spread over a reference rate.

•Cross-vehicle issuer exposure. Which other BDCs and interval funds hold the same credits as ABDC — a contagion-risk view incumbents charge $20K–200K per seat for.

What we can't show for ABDC

•NAV per share. We have no NAV-per-share observation for ABDC. Non-traded BDCs report NAV outside the tagged Schedule of Investments, so it doesn't reach us through the same pipeline as the positions.