Boston Financial Investment Management, a wholly owned subsidiary of ORIX USA, agreed to acquire Boston Capital’s low-income housing tax credit fund portfolio. The closing of the transaction is subject to customary closing conditions and approvals.
ORIX USA completed its acquisition of NXT Capital. The acquisition combines ORIX USA’s financial strength with NXT Capital’s proven ability to provide structured financing in the U.S. middle market.
ORIX USA announced that Brian F. Prince has officially commenced his role as the company’s new CEO, overseeing strategy growth initiative, which will include transforming ORIX USA into ORIX Americas.
Jim Thompson, former president and CEO of ORIX USA, announced the launch of Preston Hollow Capital. Thompson serves as the founder, president and CEO of the new investment company.
ORIX USA appointed Sean Gallary as managing director of ORIX USA Asset Management. Previously, Gallary held various positions at Credit Suisse’s Asset Management Finance, Sandler O’Neill & Partners and PwC.