Omni Bridgeway Makes Strong Start to FY27 with 3.9x MOIC on Completions and US$1 Billion Series II Final Close

SYDNEY, Oct. 26, 2026 (GLOBE NEWSWIRE) -- Omni Bridgeway Limited (ASX: OBL), a prominent global alternative asset manager focusing on legal assets, has published its Investment Portfolio Report for the period ending September 30, 2026, marking the first quarter of the financial year 2027 (1Q27). This quarter showcased impressive completion returns, a 24% increase in management fees, and the successful final close of Funds 4/5 Series II at its maximum target of US$1 billion. The company is currently performing at or above all operational benchmarks set for FY27.

Key highlights from the report include:

Strong completion returns were evident, with 20 full and partial completions yielding A$135.8 million in investment proceeds. This resulted in a multiple on invested capital (MOIC) of 3.9 times, significantly surpassing the two-year trailing average of 2.5 times, along with a fair value conversion ratio of 102%.

In terms of fee income, management fees reached A$10.7 million, reflecting a 24% rise compared to 1Q26. During this quarter, the company also received cash carried interest amounting to A$9.4 million, with an additional approximately A$8.6 million accrued on Series II funds that have yet to be distributed.

Omni Bridgeway successfully reached the final close of Series II, achieving the full US$1 billion target. This milestone is anticipated to further enhance management fee growth, pushing it towards the higher end of projections for FY27.

The company made new commitments totaling A$87.1 million across nine new investments, representing a 23% increase from 1Q26 and aligning with typical seasonal trends. This also added A$81.2 million in new fair value to the portfolio. Currently, the company has 46 exclusive term sheets in its pipeline, which could potentially lead to an estimated A$416.6 million in new commitments if finalized, an increase from A$317.8 million reported in 1Q26.

On the cost management front, Omni Bridgeway reported cash operating expenses of A$15.7 million, which are currently below the expected FY27 budget range of A$72.5–75.0 million. The cost coverage ratio for the quarter stands at 68%.

Raymond van Hulst, Managing Director and Chief Executive Officer, remarked, "Omni Bridgeway has made a strong start to FY27. Completions delivered a 3.9x multiple, management fees grew 24%, and the final close of Series II at US$1 billion on improved terms underpins further fee growth. With 46 exclusive term sheets and a significant number of late-stage investments in the portfolio, we remain well positioned for the rest of the year."

Looking ahead, the company anticipates that favorable market conditions and competitive dynamics will continue to support a robust pipeline with appropriate risk-adjusted pricing. Following the final close of Series II, management fee growth is expected to accelerate, while cash operating expenses are projected to rise in subsequent quarters, consistent with the FY27 budget.