Obra Capital, an asset management firm, secured new funded and unfunded credit facilities. Proceeds from the new facilities were used to retire Obra’s existing publicly-syndicated debt and provide growth capital to the Obra platform. The investors in the facility consist of a mix of existing and new lenders. Obra’s equity investors include RedBird Capital Partners and Aquarian.
“Refinancing Obra’s legacy capital structure with long-term capital partners represents an important milestone in the firm’s evolution, supporting the company’s growth trajectory and differentiated investment strategy at the intersection of insurance and asset management,” Mike Zabik, partner at RedBird, said. “Obra’s track record and capability set is appealing to allocators of all types, including insurance carriers, pensions, sovereign wealth funds and large asset managers. We are pleased to welcome new investors to the platform and receive continued support from our existing partners.”
“The strengthening of our balance sheet and access to additional capital will accelerate growth across the Obra platform as we work to generate attractive risk-adjusted returns,” Blair Wallace, president and CEO of Obra Capital, said. “Our structuring expertise and experience investing across credit, insurance and associated alternatives allow us to pursue complex investment solutions and operate in less crowded, more nuanced areas of the market. We look forward to building on our reputation as an innovative solutions provider and continuing to capitalize on credit and insurance market opportunities to further establish Obra as a leading alternative asset management platform.”
