The White Law Group is Investigating Vida Longevity Fund LP, Now Known as Obra Insurance Fund LP
Updated August 2026: Vida Longevity Fund LP has been rebranded as Obra Insurance Fund LP, and its manager, Vida Capital Management, LLC, is now known as Obra Capital Management, LLC. Investors researching this fund under either name should note both refer to the same investment discussed below.
The White Law Group is investigating potential FINRA claims involving broker-dealers who may have unsuitably recommended Vida Longevity Fund LP, now Obra Insurance Fund LP, to investors. If you invested in this fund and are concerned about your investment, contact our FINRA arbitration attorneys for a free consultation.
About Vida Longevity Fund LP / Obra Insurance Fund LP
Vida Capital, based in Austin, Texas, is a multi-billion dollar alternative asset management firm that manages both evergreen and closed-end structures, according to its website. Vida reportedly specializes in insurance-linked strategies with a predominant focus on longevity-contingent risk.
The fund, an open-ended hedge fund, was reportedly formed to target long-term life settlements and investments. According to the original prospectus, the fund promised investors an annualized return of 10-14%.
Share Classes and Fees
The fund reportedly offers three share classes, A, B and C, each with significant dealer fees and commissions. Class A shares carry a 5% incentive fee and 2% management fee. Class B shares come with a 10% incentive fee and 1.5% management fee, and Class C shares can have up to 15% incentive fees with 1.75% management fees.
According to a Form D filed in 2018, the total offering amount sold to 3,667 investors was purportedly $1,197,124,448, reflecting cumulative subscriptions since the fund’s 2010 inception.
Valuation Concerns and Investor Litigation
The fund reportedly began underperforming in 2018 and has allegedly continued to show a negative valuation trend since. Some investors have alleged that fund managers misrepresented the investment’s risk profile and did not accurately value the fund’s underlying assets.
A group of investors has alleged in a separate lawsuit against Vida and its affiliates that losses resulted from deficiencies in how the fund evaluated and priced its assets, including an alleged failure to update life expectancy assumptions on its longevity-contingent holdings. A related class action has alleged that the fund’s offering documents failed to disclose a conflict of interest involving a former executive who allegedly controlled a competing life settlement company.
These allegations are separate from any claim an investor may have against their own brokerage firm, and involve the fund itself rather than the broker or advisor who sold it.
Filing a Claim Against Your Brokerage Firm
Before recommending an investment, brokerage firms must disclose all the risks under FINRA rules. A recommendation should only be made if the investment is suitable for that investor given their age, objectives, experience, and risk tolerance.
Brokerage firms that fail to perform adequate due diligence, or that make unsuitable recommendations, can be held accountable for investment losses through FINRA arbitration.
Frequently Asked Questions
How do I recover losses from Vida Longevity Fund / Obra Insurance Fund?
Most brokerage account agreements typically include a pre-dispute arbitration clause, so claims against a broker-dealer are generally filed and resolved through FINRA arbitration rather than in court. Arbitration can still result in a monetary recovery, and our attorneys can help you evaluate whether you have a claim.
What does it mean for an investment to be “unsuitable”?
An unsuitable recommendation is one that doesn’t match an investor’s age, objectives, experience, or risk tolerance. Complex, illiquid, high-commission products like this fund are often unsuitable for retirees or conservative investors, even when the broker presents them as safe.
Can the brokerage firm be held responsible, even if it didn’t personally recommend the investment?
Yes. Firms have a duty to supervise their brokers and vet the products they sell. A firm that failed to reasonably supervise a broker’s recommendations may be liable for the resulting losses, separate from the broker’s own conduct.
Contact The White Law Group
If you are concerned about your investment in Vida Longevity Fund LP, now Obra Insurance Fund LP, you may be able to recover your losses. The White Law Group is a national securities fraud attorneys with offices in Chicago and Seattle. Call (888) 637-5510 for a free consultation, or contact us online. You can also learn more about the process on our FINRA arbitration attorney page.
