Brinley Forms $4 Billion Partnership with Leading Insurer, Launches $1 Billion CLO
Founded in 2021 with a seed investment from British Columbia Investment Management Corporation, Brinley has continued to scale its platform, deepening its presence in the private credit markets and broadening its access to capital. Brinley's expansion into the CLO market reinforces its momentum as a growing, multi-product credit platform.
Leveraging Brinley's existing capabilities, the CLO will employ Brinley's flagship strategy of providing comprehensive capital solutions to high-quality middle market and large-cap companies, with a specific emphasis on businesses with high barriers to entry, compelling industry fundamentals, and demonstrated revenue visibility or predictability, among other factors.
'Our inaugural CLO is a natural extension of our credit platform, and welcoming a new strategic partner marks a meaningful milestone in Brinley's continued evolution and the growth of our firm,' said Kerry Dolan, Founder and Managing Partner of Brinley. 'We designed the CLO strategy to meet the specific needs of the insurance sector, combining our flexible structuring capabilities and the strength of our origination engine to provide exposure to this growing segment of the credit market in a capital efficient format. This launch underscores our partnership approach. We are grateful to our strategic investors for their continued trust and partnership.'
Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal adviser to Brinley with respect to the strategic partnership. Milbank LLP served as legal adviser to Brinley with respect to the formation of the CLO and related matters. GreensLedge Capital Markets LLC served as the structuring adviser with respect to the CLO.
About Brinley Partners
Brinley Partners is a private investment firm focused on private credit, headquartered in New York. Brinley's private credit platform has approximately $10 billion in assets under management, including leverage and committed capital across its investment vehicles.
For more information, please visit www.brinleypartners.com
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Angel Oak Mortgage REIT, Inc. Reports Second Quarter 2025 Financial Results
ATLANTA--(BUSINESS WIRE)-- Angel Oak Mortgage REIT, Inc. (NYSE: AOMR) (the 'Company,' 'we,' and 'our'), a leading real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, today reported financial results for the quarter ended June 30, 2025. Second Quarter 2025 and Year-to-Date Highlights Q2 2025 GAAP net income of $0.8 million, or $0.03 per diluted share of common stock. Q2 2025 net interest income of $9.9 million demonstrates an increase of 5.0% versus Q2 2024 net interest income of $9.5 million and a slight decrease of 1.5% compared to Q1 2025 net interest income of $10.1 million. Net interest income of $20.0 million for the six months ended June 30, 2025, an increase of 11% compared to the six months ended June 30, 2024. 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Domestic: 1-844-826-3033 International: 1-412-317-5185 For the conference call playback (which can be accessed through August 19, 2025), dial one of the following numbers: Domestic: 1-844-512-2921 International: 1-412-317-6671 Pass code: 10200567 Non-GAAP Metrics Distributable Earnings is a non‑GAAP measure and is defined as net income (loss) allocable to common stockholders as calculated in accordance with generally accepted accounting principles in the United States of America ('GAAP'), excluding (1) unrealized gains and losses on our aggregate portfolio, (2) impairment losses, (3) extinguishment of debt, (4) non-cash equity compensation expense, (5) the incentive fee earned by Falcons I, LLC, our external manager (our 'Manager'), (6) realized gains or losses on swap terminations and (7) certain other nonrecurring gains or losses. 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Coinbase is updating the century-old financial system by providing a trusted platform that makes it easy for people and institutions to engage with crypto assets, including trading, staking, safekeeping, spending, and fast, free global transfers. Coinbase also provides critical infrastructure for onchain activity and support builders who share its vision that onchain is the new online. And together with the crypto community, Coinbase advocates for responsible rules to make the benefits of crypto available around the world. Cautionary Statement Regarding Forward-Looking Statements This press release contains 'forward-looking statements' including, among other things, statements relating to the completion, timing, and size of the proposed offering, the granting of options to purchase additional notes, the potential effects of capped call transactions, and the expected use of proceeds from the offering. Statements containing words such as 'could,' 'believe,' 'expect,' 'intend,' 'will,' or similar expressions constitute forward-looking statements. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially, including, but not limited to, whether or not Coinbase will offer the notes or consummate the offering, the final terms of the offering, prevailing market conditions, the anticipated principal amount of the notes, which could differ based upon market conditions, the anticipated use of the net proceeds of the offering, which could change as a result of market conditions or for other reasons, the impact of general economic, industry or political conditions in the United States or internationally, and whether the capped call transactions will become effective. The foregoing list of risks and uncertainties is illustrative, but is not exhaustive. For information about other potential factors that could affect Coinbase's business and financial results, please review the 'Risk Factors' described in Coinbase's Annual Report on Form 10-K for the year ended December 31, 2024 and in Coinbase's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2025, filed with the Securities and Exchange Commission (the 'SEC') and in Coinbase's other filings with the SEC. Except as may be required by law, Coinbase undertakes no obligation, and does not intend, to update these forward-looking statements after the date of this release.
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