• Established Fund 9 as a continuation fund with Ares Management Corporation as capital provider
• Received initial payment of A$275m, used to repay outstanding debt and fund working capital
• Expects total upfront proceeds of A$310m - A$320m

Omni Bridgeway Limited (ASX: OBL) has announced the financial close of its Secondary Market Transaction, which was first announced upon signing on 18 December 2024. The transaction involves the establishment of Fund 9 as a continuation fund, with funds managed by Ares Management Corporation (Ares) as the capital provider. Fund 9 has acquired a number of Omni Bridgeway's co-investment interests in its funds. An initial payment of A$275m has been received from Ares, which has been used to fully repay OBL's outstanding debt of A$250m and to meet transaction costs, with the balance going to OBL to fund working capital requirements. OBL is entitled to a further upfront consideration payment to reflect the balance of value of the interests acquired by Fund 9 at the time of signing. This is due to be received from Ares at the end of March 2025. OBL expects the total upfront proceeds to be in the range of A$310m - A$320m, subject to interim FX movements.