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 in Income Partners. The first one under the new shareholding structure will be a new closed-end fund that will use a variety of credit strategies and aims to generate returns in the 15-20% range...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222