Ares is reportedly serving as lead investor on the $2.9 billion continuation fund.
The manager is reportedly looking to shift loans from multiple vintages across its Private Markets Credit Strategies and Multi-Asset Credit funds.
The Jefferies-advised deal extends the firm's ownership over a portfolio of properties from its 2015-vintage White Rock Fund II platform.
Evercore and Morgan Stanley acted as financial advisers to Amulet on the transaction, while Kirkland & Ellis served as legal adviser. Debevoise & Plimpton advised StepStone.
The vehicle involves a portfolio of Bakken oil and gas properties previously held in the manager's 2014-vintage Fund III.
The 2021-formed New York-based GP focuses on growth and repositioning opportunities across healthcare services.
The potential vehicle follows Antin's July agreement to sell ~30% of the asset to GLIL Infrastructure from its €3.6 billion Fund III.
Peterson Fund X rolled its stake and made an additional investment in the mechanical, electrical, and plumbing services provider held within the continuation fund.
Quilvest Capital Partners also participated in the single-asset CV for a UK-based logistics solutions company.
The deal is part of a broader $2 billion recap that also attracted fresh capital from Bain Capital.
