Obra Capital announced it has reached a final close on its third collateralized loan obligation, Obra CLO 3, with over $450 million in issuance, marking the latest expansion of the firm’s CLO platform launched in 2024.
The transaction will be managed by Obra CLO Management LLC within Obra’s leveraged finance platform, led by Scott Macklin, Head of U.S. Leveraged Finance, and Chief Investment Officer Peter Polanskyj. Obra said that across three transactions, it has now issued more than $1.3 billion in CLOs since starting the platform two years ago.
Obra framed the closing as evidence of continued investor demand for its leveraged credit approach as it builds out a longer-term CLO franchise. The firm said it is focused on delivering differentiated, risk-adjusted returns and expanding product capabilities while maintaining a consistent investment philosophy across market environments.
Obra, founded in 2009, is a specialized alternative asset manager offering investment products across insurance and credit strategies. The company reported estimated unaudited assets under management of approximately $6.8 billion as of Dec. 31, 2025, across its registered investment advisors. In addition to its CLO management business, Obra said it owns and operates a commercial real estate lending platform and an auto finance company.
Support: Goldman Sachs served as placement agent for the offering. Milbank provided legal representation to Obra.
KEY QUOTES:
“The successful closing of our third CLO reflects continued investor demand for Obra’s disciplined investment approach and the strength of the platform we are building. As we broaden our investor base and deepen our skills, we continue to manage our CLOs with a consistent investment philosophy while thoughtfully expanding our capabilities with the goal of building a durable, long-term CLO business. We are grateful for our ongoing partnerships with investors and remain focused on delivering attractive, risk-adjusted returns across market environments.”
Peter Polanskyj, Chief Investment Officer, Obra Capital
