Antares Capital announced that Timothy Lyne, founding partner and current Chief Operating Officer (COO), will succeed David Brackett as Chief Executive Officer (CEO). Brackett announced that he will be retiring from his role as CEO on December 31, 2021, and will remain with Antares in an advisory capacity.

“It has been a privilege working alongside Tim since we started the firm more than 25 years ago, and I look forward to seeing him make his mark as CEO,” said Brackett. “Tim is steeped in both his knowledge of Antares and the industry at large, and his well-rounded experience growing so many important areas of our business uniquely positions him and the team for boundless success.”

Lyne brings to the role more than three decades of leadership experience in the financial services, investment and private credit spaces. As part of a planned transition, he assumed the role of COO in April 2020, overseeing the firm’s sponsor coverage, capital markets activities, operations and technology functions as well as marketing and enterprise risk. He is also a member of Antares’ Investment Committee.

During his tenure, Lyne has played an integral part in accelerating the growth of several key Antares focus areas, including its asset management and unitranche financing businesses. Prior to these roles, he spent 15 years leading West Coast sponsor coverage for Antares.

“I am honored to have been selected to lead Antares in its next stage of growth,” said Lyne. “The private credit market is robust, and we are experiencing strong financial results, solid portfolio performance and high levels of interest in the Antares platform from investors across the globe. I look forward to continuing the great stewardship our firm has enjoyed since its founding.”

“On behalf of the Antares Midco Board of Directors, I want to thank Dave for his tremendous leadership in building a market leading enterprise that has been at the forefront of shaping the middle market lending space,” said Melina Higgins, chair of the Antares Midco Board of Directors. “Dave epitomizes all that Antares stands for – steadfast, relationship-focused and purpose-driven. We are grateful for his extraordinary talent and for helping to develop a broad and deep bench of senior leaders.

“We are excited to work with Tim in his new role as he continues to position the firm in capturing the new and attractive opportunities that abound in the private credit sector,” said Higgins. “A thoughtful and decisive leader, Tim will no doubt take Antares to new heights.”