Alternative asset manager Obra Capital has closed its fourth collateralised loan obligation (CLO) offering at $403.05m (£300m).
According to the firm, the transaction brings its total CLO issuance to more than $1.75bn in two years.
The latest CLO will be managed by Obra CLO Management, led by Scott Macklin, head of US leveraged finance, and Peter Polanskyj, chief investment officer.
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“The pricing and closing of our fourth CLO during a period characterised by continued macroeconomic uncertainty and resultant volatility was possible due to the substantial effort Obra has committed to building a durable CLO platform,” said Polanskyj.
Obra Capital has offered a dedicated CLO investment strategy since 2009. The firm’s insurance and credit strategies oversee a combined $7.3bn in assets under management.
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JPMorgan Securities served as placement agent, while Milbank acted as legal adviser to Obra.
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