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Direct Investment  + Alternative Assets  + M&As  |  October 18, 2023
Aquarian Holdings Buys into Re/Insurance Firm Obra Capital
By: Joe Palmisano

Aquarian Holdings Buys into Re/Insurance Firm Obra Capital

Aquarian Holdings has purchased a minority ownership stake in Obra Capital Inc., an insurance and reinsurance-focused alternative asset management firm.

Aquarian Holdings will join as a strategic partner, replacing Reverence Capital, who has been an investor since 2019. RedBird Capital will maintain its current ownership stake.

Obra Capital, founded in 2009 and formerly known as Vida Capital until its rebranding over a year ago, invests in an insurance special situations strategy that includes a specialty reinsurance concentration, as well as longevity insurance positions through life settlements. Obra is also planning to build a CLO platform.

“This is an exciting milestone for Obra as we continue to build momentum around our core business and differentiated strategies to deliver strong returns for our clients,” explained Blair Wallace, President and CEO.

Aquarian is also an insurance and reinsurance-oriented investor, with allocations already made to the life and annuities area, including a majority holding in Bermuda-based Somerset Reinsurance.

Aquarian-owned companies, including its insurance and reinsurance investments, held over $16 billion in assets as of September 30.

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Inside The Story

Aquarian HoldingsObra CapitalRedBird Capital

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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