Obra Capital, an asset management firm, closed its inaugural collateralized loan obligation offering (CLO), Obra CLO 1, at over $400 million in size. Obra CLO 1 will be managed within Obra’s leveraged finance platform led by Scott Macklin, head of U.S. leveraged finance and Peter Polanskyj, head of structured credit.
“The pricing of Obra CLO 1 is an important milestone in the growth of our credit business,” Polanskyj said. “We were pleased with the reception of the Obra platform and appreciate the strong support of the investors and other partners in the offering.”
J.P. Morgan served as placement agent. Millbank provided legal representation for Obra.
