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Orix USA to acquire interest in Mariner Investment Group

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Orix USA has entered into a definitive agreement to acquire a majority interest in MIG Holdings, the parent company of Mariner Investment Group, a hedge fund and alternative investment manager.



Mariner is an SEC registered investment adviser founded in 1992 with 166 employees, and in conjunction with its affiliated advisers, manages approximately USD11.7bn of assets.

Mariner’s current investment services and product offerings include several direct and affiliated single and multi-strategy hedge funds, funds of funds and other alternative investments.

Mariner is headquartered in Harrison, New York with additional offices in New York City, Boston, London and Tokyo.

The Mariner transaction is a result of Orix USA’s strategy to enter the asset management business. Its traditional operation comprises various fixed income investment platforms, primarily for its own account.

The current Mariner partners will continue to maintain a significant stake in the firm and retain full control of the investment and day-to-day management decisions of its investment adviser. Additionally, Mariner partners will reinvest 100 per cent of their net proceeds from the transaction in Mariner’s business and funds for an extended period of years.

"Mariner’s broad expertise across a range of capital structures and talented investment professionals are a natural fit with Orix USA’s investment culture," says Jim Thompson (pictured), chief executive of Orix USA.

"The strategic partnership with Orix in Japan – and throughout Asia – is particularly exciting as the region offers a burgeoning opportunity for both investment strategies and distribution," says Mariner chief executive Bracebridge H. Young. "We believe the Orix alliance also enhances Mariner’s ability to offer investment options for domestic institutional clients seeking a wide array of high quality investment opportunities."

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