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Name | Symbol | Market | Type |
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Orix Corporation | NYSE:IX | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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-1.22 | -1.13% | 107.11 | 107.83 | 106.8034 | 107.83 | 14,327 | 00:51:33 |
The name change helps ensure market clarity and unique branding within the industry
ORIX USA today announced that its business unit ORIX Ventures has changed its name to ORIX Growth Capital to better reflect the nature of its business strategy and value proposition it offers to its portfolio companies. ORIX Growth Capital is a leading growth finance company that provides debt and equity capital to high-growth, venture-backed companies.
“Our new name better represents who we have been for the prior 14 years and who we intend to be going forward,” said Bill Bishop, Managing Director and Co-Head of ORIX Growth Capital. “The capital we provide helps our portfolio companies grow their businesses organically in existing markets or take advantage of new market opportunities, extending investors’ equity capital runway.”
Jeff Bede, Managing Director and Co-Head of ORIX Growth Capital, added, “Although ORIX Growth Capital continues to invest in venture-backed companies, we wanted a name that better reflects the growth and late-stage nature of our platform. Our portfolio companies have revenue traction, with proven products, customer validation and invested equity support. We provide the patient growth capital with sizable follow-on capacity to help them get to the next level.”
Since the group’s inception in 2001, ORIX Growth Capital has provided over $1.4 billion in financing to more than 125 valuable, high-growth companies in the technology and healthcare sectors. Recent transactions include:
Under its new name, ORIX Growth Capital will continue its successful track record of being a patient and flexible financing partner supporting the growth of its portfolio companies.
ORIX Growth Capital
ORIX Growth Capital specializes in designing highly customized financing solutions for high-growth companies with investments starting around $5 million and growing to $50 million. The team has committed over $1.4 billion to more than 125 companies. ORIX Growth Capital is a business unit of ORIX USA, a Dallas-based financial services firm known for providing innovative capital solutions that clients need to propel their business to the next level. With more than 600 employees spanning 20 offices across the U.S. and Brazil, ORIX USA and its family of companies hold $6 billion of assets and manage an additional $29 billion, approximately. Its parent company, ORIX Corporation, is a Tokyo-based, publicly owned international financial services company with operations in 37 countries and regions worldwide. ORIX Corporation is listed on the Tokyo (8591) and New York Stock Exchanges (IX). For more information on ORIX Growth Capital, visit www.orix.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160726006411/en/
for ORIX USAAmanda Gleason, 972-770-5083agleason@marketwave.bizorJeff Smith, 214-237-2301Jeff.smith@orix.com
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