ORIX USA Announces Leadership Transition at NXT Capital

·5 min read

ORIX Corporation USA (ORIX USA) announced today that Robert E. Radway, the Chairman and CEO of ORIX USA’s subsidiary, NXT Capital, will retire toward the end of 2021, following more than 11 years of service to NXT Capital and over 30 years in the industry. John Finnerty, Head of the Corporate Finance Group for NXT Capital, has been named President of NXT Capital effective January 1, 2021, at which time Radway will no longer serve as CEO, but will continue as Chairman and member of the NXT Capital investment committees until his retirement. As part of this transition, NXT Capital’s real estate lending and investing activities, led by Real Estate Group Co-Heads Craig Andreen and Kevin Rostowsky, will merge with ORIX USA’s broader real estate lending and investing platform.

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Robert Radway, Chairman & CEO (Photo: Business Wire)

"I would like to thank Robert for his outstanding leadership and dedicated service to NXT Capital over the last 11 years," said Terry Suzuki, President and CEO of ORIX USA. "After founding the business in 2010, under Robert’s direction, NXT Capital grew into a leading provider of financing to the U.S. middle market and a well-respected manager of institutional capital. NXT Capital has become a flagship for ORIX USA’s expansion in corporate credit and asset management, and Robert has been instrumental in guiding the team and NXT Capital’s clients through this process."

"I believe NXT Capital is well positioned to continue its success built upon outstanding service to clients and investors. We have great confidence in John’s ability to lead NXT Capital and continue executing on ORIX USA’s growth plans in corporate credit and asset management," Mr. Suzuki added. "John has been an important contributor to NXT Capital’s success and he is an exceptional leader with extensive business management experience and in-depth knowledge of NXT Capital and the U.S. middle market financing sector."

"It has been a great privilege to lead this organization, filled with talented and dedicated people," said Mr. Radway. "I am proud of what we have accomplished together during my tenure and I am confident that NXT Capital will continue to succeed for years to come as part of the ORIX USA organization under John’s leadership."

Mr. Finnerty stated, "I am honored and excited to have the opportunity to serve as President of NXT Capital and look forward to working with an outstanding team to build on our strong track record of success. I am confident that, with the solid support that ORIX USA provides us, we will be able to offer even more creative solutions to both clients and investors."

ORIX Corporation USA (ORIX USA)

Since 1981, ORIX USA has provided innovative capital solutions that clients need to propel their business to the next level. With a focus on merchant banking, commercial finance, and asset management, ORIX USA and its subsidiaries include a team of more than 1,200 employees spanning more than 50 offices across the U.S. and Brazil. ORIX USA and its family of companies have $78 billion of assets under management, administration, and servicing (including $11 billion held by ORIX USA and its subsidiaries) as of July 2020. Its parent company, ORIX Corporation, is a publicly owned international financial services company with operations in 37 countries and regions worldwide. ORIX Corporation is listed on the Tokyo Stock Exchange (8591) and New York Stock Exchange (IX). For more information, visit www.orix.com.

NXT Capital LLC

NXT Capital is a leading provider of structured financing to the U.S. middle market. Since its formation in 2010, NXT Capital has originated approximately $27 billion in total financing volume spread over 755+ transactions. With more than $11 billion of capital under management/direction as of June 30, 2020, NXT Capital provides a full range of structured financing solutions on a direct basis through its Corporate Finance and Real Estate Finance groups. NXT Capital manages capital for third parties through its asset management platform and offers investors proprietary access to primarily first lien senior secured loans that are not broadly traded or otherwise generally available without a loan origination platform. Investment products include levered and unlevered funds, separately managed accounts and CLOs. NXT Capital's investor base includes public and private pension plans, insurance companies, endowments, foundations and other institutional investors. NXT Capital Investment Advisers, LLC is the investment adviser subsidiary of NXT Capital, LLC. With approximately 125 professionals, NXT Capital is based in Chicago with offices in Atlanta, Dallas, Los Angeles, Nashville, New York and Phoenix. For more information on NXT Capital, visit www.nxtcapital.com.

Caution Concerning Forward-Looking Statements:

These documents may contain forward-looking statements about expected future events and financial results that involve risks and uncertainties. Such statements are based on our current expectations and are subject to uncertainties and risks that could cause actual results that differ materially from those described in the forward-looking statements. Factors that could cause such a difference include, but are not limited to, those described under "Risk Factors" in the Company’s annual report on Form 20-F filed with the United States Securities and Exchange Commission and under "(4) Risk Factors" of the "1. Summary of Consolidated Financial Results" of the "Consolidated Financial Results April 1, 2019 – March 31, 2020."

This communication is for informational purposes only and may not be relied upon in any manner as legal, tax or investment advice or as an offer to sell or the solicitation of an offer to buy an interest in any security or other product sponsored or managed by NXT Capital Investment Advisers, LLC or its affiliates, or otherwise to provide investment advisory services to any recipient.

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Contacts

Jeff Smith
Jeff.smith@orix.com
214.237.2301

Megan O’Brien
megan.obrien@nxtcapital.com
312.450.8087