Antares Strategic Credit Fund II: Adviser Waives Management & Incentive Fees

What Happened
Antares Strategic Credit Fund II LLC filed a Form 8‑K (filed Sep 2, 2026) announcing that on August 31, 2026 the Fund and its investment adviser, Antares Capital Credit Advisers LLC, entered into a waiver letter agreement. Under the agreement, the Adviser irrevocably agreed to waive any base management fee (Section 5(a)) and any incentive fee (Section 5(b)) otherwise payable under the Investment Advisory Agreement (dated June 26, 2025) for the period September 1, 2026 through August 31, 2027. The waiver may be effected by rebate or by other means.

Key Details

• Agreement dated: August 31, 2026; Form 8‑K filed: September 2, 2026.
• Waiver period: September 1, 2026 through August 31, 2027 (one year).
• Fees waived: all base management fees (Section 5(a)) and incentive fees (Section 5(b)) payable to Antares Capital Credit Advisers LLC under the June 26, 2025 Investment Advisory Agreement.
• Waiver is described as irrevocable and may be implemented by rebate or otherwise.

Why It Matters
The adviser’s waiver reduces the Fund’s management and performance fee expenses for the specified one‑year period, which could increase the amount of assets available for investors (e.g., net asset value or distributable cash) relative to if fees were collected. This is a material change to the Fund’s fee arrangement for that year and is disclosed as a material definitive agreement in the 8‑K.