Antares Capital has appointed former global head of private debt at the largest public pension fund in the US, Jean Hsu, to the boards of trustees of its growing range of business development companies (BDCs) designed for institutional and individual investors.
Hsu has been hired for her expertise in structure and credit in private markets, as Antares continues to grow its platform and broaden access to its products among the private wealth community.
Read more: Antares closes first private credit continuation vehicle with $1.2bn commitments
In 2024, she retired from her position as global head of private debt at the California Public Employees’ Retirement System (Calpers).
During her 25-year tenure at Calpers, Hsu held multiple senior leadership roles, including managing investment director for opportunistic strategies, and served on committees responsible for strategic asset allocation and investment decisions across the total fund.
At Calpers, Hsu led the launch of the market’s first term asset-backed securities loan facility (TALF) deal, as well as the fund’s participation in more than $5bn (£3.7bn) of TALF transactions beginning in 2009.
In addition, she had a role in establishing the fund’s collateralized loan obligations portfolio in the aftermath of the global financial crisis.
Read more: Antares launches $1.4bn private credit fund for HNWIs
Prior to working at Calpers, Hsu practiced law with a focus on banking, securities, and corporate finance.
“Her insights and experience will be invaluable as we continue to scale our platform and make our products more accessible to the private wealth community,” said Vivek Mathew, president of Antares Capital Advisers.
Antares is an alternative asset manager with approximately $83bn in capital under management and administration.
“As someone who spent decades managing institutional capital, I believe strongly in the role private credit can play in individual portfolios – and I’m pleased to help shape strategies that bring that potential to more investors,” added Hsu.
She said that, as the market continues to mature, expanding access to private wealth investors “responsibly and thoughtfully” is a natural next step.
Read more: Calpers looks to boost “under resourced” private debt team
