Omni Bridgeway Limited (ASX:OBL) has achieved substantial growth in their portfolio by committing to new investments and accelerating future potential returns through a secondary market sale in a first generation fund.
They have made $304 million commitments in the six months to 31 December 2022 (1H23) across 59 investments.
Highlights include a 191% increase in commitments in the US and commitments in both the US and Asia exceeding targets for the half year period.
They have also disposed of 100% of one of their investments in Fund 1 for total proceeds of up to US$20 million.
This will accelerate the time at which OBL shareholders will receive distributions under their Fund 1 vehicle.