ORIX USA Announces Major Expansion of ORIX Ventures
January 15 2015 - 11:34AM
Business Wire
ORIX Ventures hires top-notch talent to keep up
with its growth
ORIX USA is pleased to announce the expansion of ORIX Ventures,
an investment division of ORIX USA, after a record 2014. ORIX
Ventures is a leading venture finance firm that provides debt and
equity capital to high-growth companies.
Led by William Bishop and Jeff Bede, ORIX Ventures has
experienced strong momentum in deal prospects. In 2014, the company
funded nearly $180 million in 13 venture debt transactions, as well
as $12 million in equity and additional investments as a limited
partner in equity funds. ORIX Ventures provided significant
incremental capital to four of its existing portfolio companies,
demonstrating the relationship-nature of its lending approach.
Since its inception in 2001, the group has committed approximately
$1.3 billion across nearly 120 growth companies through various
economic cycles.
“ORIX Ventures has a very lengthy and successful track record
with deep expertise in the venture lending market,” said Brian
Prince, President and CEO of ORIX USA. “It has the right team and
has the strong institutional support of ORIX Corporation to be a
preeminent player in the industry.”
In order to facilitate further growth, Bede is now leading debt
and equity investment efforts on the West Coast after seven
successful years with ORIX Ventures in the Mid-Atlantic region,
completing more than $300 million of investments. ORIX Ventures has
already funded three West Coast transactions since Bede’s move this
past summer.
“We have had record performance funding new transactions this
year and have impressive momentum as we continue to expand the ORIX
Ventures platform,” said Bede. “The West Coast, and Silicon Valley
in particular, are key growth markets for us.”
Following Bede’s relocation to the West Coast, ORIX Ventures
hired Todd McDonald as Director of the Mid-Atlantic region.
McDonald brings more than 20 years of investment experience,
predominantly in the Washington, D.C., area, where he has deployed
more than $300 million of capital. Previously, McDonald served as
Managing Director for Horizon Technology Finance in the
Mid-Atlantic region and held various positions with Comerica
Bank.
ORIX Ventures also hired Sabeen Firozali and Joel Marquis as
associate directors. Firozali previously worked as a leveraged
finance and corporate credit investor at various firms, including
Appaloosa Management and Lord Abbett. Marquis previously served in
both venture financing and corporate development capacities, most
recently at The Dingman Center for Entrepreneurship.
“We are delighted at our overall momentum, strong progress
especially on the West Coast, talented additions to our team, and
the great support from ORIX USA,” said Bishop. “We are eager to
build upon our fantastic track record and grow our business over
the long term by helping growth-oriented companies achieve their
goals.”
ABOUT ORIX VENTURES
ORIX Ventures is dedicated to supporting high-growth companies
with a range of debt and equity products and is capable of leading
debt or private equity transactions with total commitments as high
as $50 million. Since its inception in 2001, ORIX Ventures has
invested more than $1.3 billion across more than 120 growth
companies throughout the U.S. and Canada. ORIX Ventures is a
subsidiary of ORIX USA, a Dallas-based financial services firm with
more than 1,400 employees and principal offices in Atlanta;
Chicago; Hartford, Conn.; Los Angeles; Minneapolis; New York; San
Francisco; Seattle; Washington, D.C.; Frankfurt, Germany; London;
and Paris. ORIX USA holds approximately $7 billion of assets and
manages an additional $30 billion, approximately. ORIX USA is a
wholly owned subsidiary of ORIX Corporation, a Tokyo-based,
publicly-owned international financial services company with
operations in 36 countries and regions worldwide. ORIX Corporation
is listed on the Tokyo (8591) and New York Stock Exchanges (IX).
For more information on ORIX USA, visit www.orix.com.
for ORIX USAAmanda Gleason,
972-770-5083agleason@marketwave.biz
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