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.
Obra Capital, an asset management firm, partnered with the Solera Auto Finance (SAF) team in a management buyout from Solera. SAF will be rebranded as Arra Finance. The company will leverage these relationships for an expected Q3/24 market re-entry.
Obra Capital appointed Vlad Sorokulov as managing director, portfolio management and pricing. In this role, Sorokulov will be responsible for supporting the investment team across Obra’s portfolio of both life settlements and life insurance.
Aquarian Holdings will join Obra Capital as a strategic partner and has acquired a minority equity ownership stake, replacing Reverence Capital, which has been an investor since 2019. RedBird Capital will maintain Obra’s current ownership stake.
Obra Capital, a portfolio company of RedBird Capital Partners and Reverence Capital Partners, completed a super priority secured debtor-in-possession credit and security agreement for GWG Holdings, a financial services firm based in Dallas.
Vida Capital, a portfolio company of RedBird Capital Partners and Reverence Capital Partners, announced a corporate rebranding, which includes the changing of its name to Obra Capital, as part of the company’s ongoing business evolution.