Antares Strategic Credit Fund II LLC 8-K
Research Summary
AI-generated summary
Antares Strategic Credit Fund II LLC Extends Adviser Fee Waiver
What Happened
- On March 1, 2026, Antares Strategic Credit Fund II LLC announced a Waiver Letter Agreement with its adviser, Antares Capital Credit Advisers LLC. Under the agreement the Adviser irrevocably agreed to waive any base management fee (Section 5(a)) and any incentive fee (Section 5(b)) payable by the Fund under the Investment Advisory Agreement dated June 26, 2025, through August 31, 2026. The waiver may be effected by a rebate or by other means.
Key Details
- Waiver Letter Agreement dated March 1, 2026 (filed as Exhibit 10.1 to the 8‑K).
- Adviser: Antares Capital Credit Advisers LLC; Fund: Antares Strategic Credit Fund II LLC.
- Fees waived: base management fee (Section 5(a)) and incentive fee (Section 5(b)) under the June 26, 2025 Investment Advisory Agreement.
- Effective period: through August 31, 2026; waiver is described as irrevocable and may be effected by rebate or otherwise.
Why It Matters
- For investors, the adviser’s waiver reduces fees the Fund would otherwise pay to its manager through August 31, 2026, which can help preserve net returns or NAV for fund holders during that period.
- The filing is a material definitive agreement disclosure (Item 1.01) and the full agreement is available as an exhibit to the 8‑K for anyone seeking the complete terms.