Asset ManagerRIA · CRD 155231SEC-RegisteredPrivate Fund Adviser

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Obra Capital

Obra Capital manages $7.3B with a vertically integrated model focused on insurance special situations, structured credit, and longevity.

Obra Capital logo

Obra Capital

Obra Capital is an SEC-registered investment adviser in New York, NY, registered since 2010. The firm manages $5.7 billion in assets, $5.6 billion on a discretionary basis. It has 132 employees and 84 investment advisers.

General information

Firm type

Generalist

Year founded

2009

AUM

$7.3B (per firm website, 2026)

Location

Region

North America

Country

United States

City

New York

Corporate office

437 Madison Ave., 26th Fl., New York, NY 10022

Additional offices

Montpelier, VT, United States · Austin, TX, United States

Sector focus

InsurancePrivate CreditReal EstateLongevitySecondaries & Special Situations

Frequently asked questions

Who makes investment decisions at Obra Capital, and is the firm founder-led?

Obra does not publicly name its principals or investment committee members on its website or in available press materials. The firm describes a senior leadership team with decades of combined experience and long internal tenures, but individual biographies, titles, and decision-making authority are not disclosed. This opacity is common among privately held alternative managers but limits external visibility into succession and key-person risk.

Is Obra Capital an asset manager or an insurance company?

Obra is a specialized asset manager, not an insurer. It manages third-party capital across insurance-linked and credit strategies. Its vertical integration — including in-house servicing and proprietary underwriting systems — is designed to mimic the control an insurer would have over its general account, but Obra does not issue insurance policies or carry insurance liabilities on its own balance sheet.

What does Obra mean by 'longevity' as a strategy?

In Obra's context, longevity refers to investments tied to life settlements, life-insurance premium finance, and other assets whose cash flows depend on life-contingent outcomes. The firm sources, underwrites, and services these assets internally, treating actuarial risk as a core competency rather than a subcontracted function. It categorizes longevity under its insurance umbrella, separate from multi-sector or asset-based credit.

Does Obra Capital participate in fund commitments, or does it only make direct investments?

Public disclosures do not specify whether Obra operates through commingled funds, separately managed accounts, or direct co-investment structures. The firm markets 'customized investing opportunities' and 'solutions-based structuring' to a diverse investor base, which suggests a mix of fund vehicles and tailored mandates. No specific fund names, closes, or limited partner lists have been published.

Which geographies does Obra Capital cover?

Obra's contact page lists a global investor footprint including New York, Chicago, California, Toronto, Montreal, London, Hong Kong, Sydney, Abu Dhabi, and Singapore. Its physical offices are in New York, Montpelier, and Austin. Whether the cited cities represent active investment origination or simply investor domiciles is not clarified.

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