Why Antares?

There is a limited secondary market for MFI’s shares.  This illiquidity constrains the supply of private capital stalling the organization’s growth or significantly their profit margins since the MFI is obligated to turn to expensive debt sources. 

Antares aims at generating secondary market demand for MFI’s shares.  The Fund intends to contribute in developing a market for these shares, either on an individual basis or by offering participation in a diversified portfolio.  Antares expects to unlock and capture value in existing illiquid MFI holdings, as well as benefiting from appreciation during the holding period.

The Fund does not expect to work actively over medium or long term horizons to create value in MIFs.  While investing in mature and consolidated MFIs, Antares expects to rely on the MFIs existing governance structure.  Therefore, the Fund aims at taking a more passive role and does not seek to obtain a control position in the MFI.
Antares’ structure and investment strategy were developed taking into account the specific characteristics of the evolving microfinance industry, as well as the experience of ProFund, a similar fund in Latin America that was also managed by Omtrix.