Seller Details:
ORIX USA is a diversified investment and asset management firm specializing in credit, real estate, private equity and managed solutions for middle-market borrowers and investors. ORIX USA and its subsidiaries—including ORIX Advisers, ORIX Capital Partners, Boston Financial, Lument, Hilco Global, and NXT Capital—employ approximately 2,100 professionals and manage approximately $39 billion in assets and commitments following the completion of the transaction.
ORIX Corporation, is a publicly owned, global financial services company with operations in 30 countries and regions worldwi
de. ORIX Corporation is listed on the Tokyo Stock Exchange and the New York Stock Exchange.
Buyer Details:
Anchorage Capital Advisors, L.P. (“Anchorage”) is a New York-based, SEC-registered investment firm focused on global credit markets. The firm manages approximately $32.6 billion in assets across credit, special situations and illiquid investments in North America and Europe, with a particular focus on defaulted and leveraged issuers.
Transaction Summary:
Anchorage acquired 11 U.S.-based CLO management contracts managed by ORIX Advisers, LLC (“ORIX Advisers”), a subsidiary of ORIX USA, under the Signal Peak Capital Management (“Signal Peak”) brand. The vehicles represent approximately $4.7 billion in CLO AUM. Anchorage Collateral Management, L.L.C. will serve as collateral manager and rebrand each vehicle as “SP – Anchorage CLO [#].” Following the transaction, Anchorage’s CLO and collateralized bond obligation platform consists of 60 vehicles holding approximately $26.1 billion in aggregate collateral obligations across the U.S. and Europe.