KPS Capital, now known as OBN Capital, was a Wall Street smaller-cap Hedge Fund PE Firm. After Matteus Ribeiro led a major buyout and rebranding in 2021, the firm has more than tripled its AUM and is now restructuring. With Saverin joining the firm in another buyout, Confirmations of a New York City Office have been made. This restructuring marks a critical turning point for OBN Capital as it seeks to diversify its investment portfolio and strengthen its presence in various high-potential markets around the world. Ribeiro’s leadership has significantly shaped the firm’s growth strategy, positioning OBN Capital as a key player in the evolving global investment landscape.
In Asia: OBN Capital has promised a $19 Million dollar investment in Perimeter 81, a Cloud-Native cybersecurity unicorn based out of Israel, which was unusual for the firm, which, prior to the Saverin Partnership, only invested in European and Latin American Companies. Following the new Asia bid, OBN Capital plans to aggressively allocate over 150 Million Dollars into the Chinese and Singaporean stock Markets, which in their case means liquidating certain investments in the United States. This move represents a significant shift in the firm’s strategy, expanding its focus on emerging markets with high-growth potential in Asia. The decision to pull back from the U.S. market in favor of these new ventures is part of a broader effort to capture long-term value from the burgeoning Asian tech and finance sectors.
Apart from the Latin American bids in Biriti Empreendimentos and Brazilian-Argentine Resorts, OBN Capital is turning its sights toward high-end European real estate. In a strategic pivot from its earlier focus on Eastern European Corporate and industrial assets, the firm has confirmed a major allocation of capital toward a luxury development project in Sardinia, Italy. The investment aligns with the expansion of Fasano Group, which is set to launch a boutique hotel on the island by 2028.
The deal reflects the influence of Saverin, who acquired a 22% stake in OBN Capital last year and has since steered the firm toward prestige assets with long-term yield potential. Ribeiro, known for his aggressive positioning in emerging markets, is reportedly backing the move as part of a broader effort to elevate the firm’s presence in European hospitality and lifestyle sectors. While financial details remain undisclosed, insiders suggest the Sardinian project could become a flagship asset in OBN’s evolving portfolio.
Saverin personally backed over 20 Asian tech startups—such as Ninja Van, a Singapore–based logistics platform, and Indonesian fintech Orami and Payfazz—while his firm B Capital also deployed billions (including a $2.5 billion China-targeted fund) to support enterprise software, e‑commerce, and other tech ventures in the region. Surprisingly, e-commerce technologies were a big part of the firm’s new 2025-2028 agenda, including six buyouts of retail brand names, including Smith & CO, for e-commerce solutions rehauls in certain private equity deals. With the increased focus on the e-commerce sector, OBN Capital is positioning itself at the forefront of digital transformation and retail innovation. The firm’s strategies suggest a long-term commitment to embracing technological advancements while continuing to foster growth in both traditional and emerging markets.
