The Obra CLO 3 will be managed within the firm’s leveraged finance platform, led by Scott Macklin, head of US leveraged finance, and Peter Polanskyj, chief investment officer.
According to the $6.8bn alternatives manager, its platform has issued more than $1.3bn across three CLO transactions.
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“The successful closing of our third CLO reflects continued investor demand for Obra’s disciplined investment approach and the strength of the platform we are building,” said Polanskyj. “As we broaden our investor base and deepen our skills, we continue to manage our CLOs with a consistent investment philosophy while thoughtfully expanding our capabilities with the goal of building a durable, long-term CLO business.”
The raise by Obra comes as many other managers are seeing strong limited partner demand for CLOs, due to their exposure to a diversified pool of loans and greater liquidity.
Over the past couple of weeks, Janus Henderson has rolled out a CLO targeting the US and Europe, while Barings has just launched its first infrastructure-focused vehicle.
