Obra Capital, an alternative asset management firm headquartered in New York, has priced its second collateralised loan obligation (CLO) at $504.3m (£378.6m).
Morgan Stanley served as placement agent, while Milbank acted as legal representative for Obra.
Read more: CVC Credit prices new €400m CLO
In December last year, the firm successfully closed its inaugural CLO at $403.75m (£303.2m).
Both CLOs will be managed by Scott Macklin, head of US leveraged finance, and Peter Polanskyj, chief investment officer.
The CLO issuances represent Obra’s efforts to diversify its product offering across alternative assets and structured credit.
Read more: Barings prepares second European private credit CLO
“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,” said Polanskyj.
Read more: Arini prices second US CLO at $505.2m
