Money Management

Antares founding partner and senior managing director departs

Dan Glickman, a senior managing director and a founding partner of credit manager Antares Capital is leaving the firm Friday, Antares spokeswoman Carol Ann Wharton said in an email.

Mr. Glickman is not being replaced. Instead, staff who had provided dual coverage of private equity firms with him will take over his accounts. They will now report to Tim Lyne, co-head of sponsor coverage.

This is the latest departure of senior executives at Antares. In November, Eric Hansen, a senior managing director left the firm. He was replaced by Dan Barry, Antares' co-head of sponsor coverage. Co-CEO and co-founder John Martin is retiring at the end of April. He will be replaced by David Brackett, Antares Capital co-CEO, who will become sole CEO.

Antares had about $24 billion of capital under management and administration as of Dec. 31. In 2015, the C$368.5 billion ($270.1 billion) Canada Pension Plan Investment Board, Toronto, bought Antares Capital along with Antares management from GE Capital for $12 billion.