Obra Capital, an asset management firm with a specialized approach to alternative investing, closed its second collateralized loan obligation (CLO) offering, Obra CLO 2.
Obra CLO 2, at over $500 million in size, builds on Obra’s inaugural CLO 1 and broadens the firm’s efforts to provide investors with a diversified suite of product offerings across alternative assets and structured credit.
As with Obra’s inaugural CLO, Obra CLO 2 will be managed within the firm’s leveraged finance platform led by Scott Macklin, head of U.S. leveraged finance, and Peter Polanskyj, chief investment officer.
“With the closing of Obra CLO 2, we continue to build on the momentum of our successful inaugural CLO offering, executing on our vision of building Obra’s CLO business to complement the firm’s broad range of alternative investment offerings,” Polanskyj said. “We appreciate the ongoing support of our investors and partners alike and look forward to continuing to develop our platform in pursuit of attractive risk-adjusted returns.”
Morgan Stanley served as placement agent. Milbank provided legal representation for Obra.
