- Zara worked at Antares since 1999
- Unclear why he left
- Firm has no plans to replace him
Chet Zara, a senior managing director at middle-market lender Antares Capital, left the firm recently, a spokeswoman confirmed.
Zara left as of Feb. 16. Why he left is unclear. Sources described his departure as abrupt. Zara did not respond to a LinkedIn connection request.
Antares has no plans to move someone into Zara’s role, spokeswoman Carol Ann Wharton said. He worked out of Chicago.
Zara worked at Antares since 1999, when it was a unit of Massachusetts Mutual Life Insurance Co. GE acquired it in 2005, when it became GE Antares.
In 2015, GE sold the group to Canada Pension Plan Investment Board for $12 billion.
Antares is led by Co-CEOs John Martin and David Brackett. The firm closed more than 250 transactions last year, issuing more than $21 billion in financing commitments, Antares said in a statement.
The firm also worked as lead left arranger for about $17 billion of first- and second-lien credit facilities and closed $3.3 billion in CLOs, the statement said.
Action Item: Read Antares’s Form ADV here: http://bit.ly/2CTWGhh
Photo of Chet Zara sourced from LinkedIn