Obra Capital, an asset management firm with a specialized approach to alternative investing, closed its fourth collateralized loan obligation (CLO) offering (Obra CLO 4) at $403.05 million in size. The close brings Obra’s total CLO transaction issuance to over $1.75 billion in two years.
Obra CLO 4 will be managed by Obra CLO Management, operating within the firm’s leveraged finance platform led by Scott Macklin, head of U.S. leveraged finance, and Peter Polanskyj, chief investment officer.
“The pricing and closing of our fourth CLO during a period characterized by continued macroeconomic uncertainty and resultant volatility was possible due to the substantial effort Obra has committed to building a durable CLO platform,” Polanskyj said. “We are grateful for Obra’s ongoing partnerships and investors’ recognition of our consistent, disciplined investment approach and our focus on delivering attractive, risk-adjusted returns across market environments.”
J.P. Morgan Securities served as placement agent. Milbank provided legal representation for Obra.
