Private debt credit manager Antares Capital appointed Andrew Stern managing director, where he will serve as a portfolio manager and trader for the firm’s $60 billion liquid credit strategy.

Based in New York, Stern reports to Seth Katzenstein, managing director and head of liquid credit.

Stern brings more than 20 years of experience to Antares overseeing trading activities and managing senior secured loan, high-yield bond and distressed debt strategies.

Previously, Stern was managing director, portfolio manager and trader at Apex Credit Partners, part of the asset management platform of Jefferies Finance, where he was responsible for managing over $5 billion across 18 collateralized obligation vehicles and various warehouse facilities.

Before Apex, he held various portfolio management and credit trading roles at firms including Rocwood Capital Management, where he invested in special situation and event-driven opportunities across the corporate capital structure.

“Supporting Antares’ expansion into liquid credit will allow me to build upon my expertise to deepen the firm’s investor base and broaden its offerings across the senior secured loan and high yield bond markets,” said Stern.