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Mariner Investment, ORIX USA strengthen alliance with new strategic initiatives.

BANKING AND CREDIT NEWS-October 23, 2015-Mariner Investment, ORIX USA strengthen alliance with new strategic initiatives


Mariner Investment Group and ORIX USA (NYSE: IX) said they have made changes to Mariner's management structure and launched a series of strategic initiatives to better align and structure the two organizations.

Mariner will continue to expand its lines of business, including the onboarding of some of ORIX USA's investment teams to develop new asset management opportunities for its clients. This will also enable ORIX USA to leverage Mariner's infrastructure and distribution expertise to attract third-party capital to many of the core investment strategies of ORIX USA. This joint effort began in 2014 when ORIX's leveraged loan team, headed by Erik Gunnerson and David Martin, joined Mariner to develop new opportunities for Mariner clients. Over the next six to 12 months, ORIX USA and Mariner will look to replicate that success by utilizing other proprietary ORIX USA teams to augment Mariner's suite of product offerings.

In order to facilitate the execution of the new collective vision, Mariner announced the following changes to its management structure:

o Mariner has established an operating committee responsible for the execution of strategy and day-to-day operations at Mariner

o Bracebridge Young, Jr., will step down as Mariner's CEO at the end of 2015 to pursue a philanthropic agenda and personal passion, taking on the position of CEO at GATE Global Impact.

o William Michaelcheck, Mariner's founder, will remain co-CIO of Mariner and chairman of the board of managers and concentrate his time on the management of Mariner's multi-strategy mandate.

Mariner Investment Group, LLC, is an SEC-registered investment adviser that manages several direct and affiliated single and multi-strategy hedge funds, funds of funds and other alternative investments services.

ORIX USA provides innovative capital solutions that clients need to propel their business to the next level. ORIX USA and its family of companies offer investment capital and asset management services to clients in the corporate, real estate, municipal and energy sectors, while holding USD6 billion of assets and managing an additional USD29 billion, approximately. Its parent company, ORIX Corporation, is a Tokyo-based, publicly owned international financial services company with operations in 36 countries and regions worldwide.

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Publication:M2 Banking & Credit News (BCN)
Date:Oct 23, 2015
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