Obra Capital, an asset management firm with a specialized approach to alternative investing, announced the final closing of its inaugural Collateralized Loan Obligation offering (CLO). Obra CLO 1 – at over $400 million in size, further diversifies Obra’s strategies in alternative assets and structured credit and underscores its ongoing commitment of providing various strategies aimed at delivering long-term value for investors.
Obra CLO 1 will be managed within Obra’s leveraged finance platform led by Scott Macklin, Head of US Leveraged Finance and Peter Polanskyj, Head of Structured Credit. Since being founding in 2009, Obra has remained steadfast in its goal to deliver asymmetric and differentiated risk-adjusted returns for investors globally.
Obra Capital aims to generate long-term value and returns for investors through a variety of funds and separate accounts. And with capabilities in investing, originating, structuring, and servicing, Obra offers differentiated investment opportunities for investors globally. As of October 31, 2024, the estimated unaudited amount of assets under management across Obra’s registered investment advisors, was approximately $5 billion.
J.P. Morgan served as a placement agent. And Millbank provided legal representation for Obra.
KEY QUOTE:
“The pricing of Obra CLO 1 is an important milestone in the growth of our credit business. We were pleased with the reception of the Obra platform and appreciate the strong support of the investors and other partners in the offering.”
– Peter Polanskyj
