Orix and MVC take stake in Income Partners

Orix and MVC Corporation take combined 25% stake in the fixed income fund manager and front cash to seed new funds.

Japanese consumer finance company Orix and MVC Corporation, a wholly-owned investment company of Mitsui, have agreed to take an equity stake in Income Partners Asset Management, a Hong Kong-based fixed income asset management company that specializes in Asian debt investments.

Orix, through its subsidiary, will invest up to 20%, while MVC will invest 5% in Income Partners, which declined to disclose the value of the transactions.

Orix has also set aside $30 million for seeding new funds ...

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