Anchorage Capital Advisors Meaningfully Expands CLO Platform with Acquisition of 11 CLOs from ORIX Advisers

Transaction adds approximately $4.7 billion in assets to Anchorage’s global CLO platform

NEW YORK--(BUSINESS WIRE)--Anchorage Capital Advisors, L.P. (“Anchorage”) today announced that it has acquired 11 U.S.-based collateralized loan obligation (“CLO”) management contracts currently managed by ORIX Advisers, LLC (“ORIX Advisers”), a subsidiary of ORIX Corporation USA (“ORIX USA”), under the brand name of Signal Peak Capital Management (“Signal Peak”). Terms of the transaction were not disclosed.

Collectively, the vehicles represent approximately $4.7 billion in CLO AUM. Anchorage’s affiliate, Anchorage Collateral Management, L.L.C., will serve as collateral manager for the vehicles and rebrand each vehicle as “SP – Anchorage CLO [#].”

“This transaction meaningfully expands the scale of our global CLO platform,” said Yale Baron, co-Chief Investment Officer and co-Managing Partner of Anchorage. “With more than a decade of CLO management experience, Anchorage is well positioned to actively manage these portfolios and deliver value to our investors. ORIX USA has been an outstanding partner throughout this process, and we thank them for their trust, collaboration, and commitment to a seamless transition.”

“We are excited to incorporate these portfolios and welcome Signal Peak’s investors to Anchorage,” added Soo Kim, Head of Liquid Credit and Partner of Anchorage. “We look forward to bringing the full breadth of our credit research platform to these portfolios.”

“This transaction reflects the continued evolution of ORIX USA’s investment management strategy and our long-term emphasis on private markets,” said Jeff Abrams, Group Head of Private Credit and Real Estate, ORIX USA. “We believe Anchorage’s established credit capabilities and CLO platform will provide a strong foundation for the continued management of these contracts, and we appreciate the collaboration of both teams in supporting an orderly transition.”

The Anchorage CLO and collateralized bond obligation platform now consists of 60 vehicles that hold in the aggregate approximately $26.09 billion in collateral obligations in the U.S. and Europe.

About Anchorage Capital Advisors, L.P.
Anchorage Capital Advisors, L.P. is a New York-based, SEC-registered investment firm focused on the global credit markets. The firm manages approximately $32.63 billion in assets across the credit, special situations, and illiquid investment markets of North America and Europe with particular focus on defaulted and leveraged issuers. For more information, please visit https://anchoragecapital.com.

About ORIX Corporation USA
Established in the U.S. in 1981, ORIX USA is a diversified investment and asset management firm specializing in credit, real estate, private equity and managed solutions for middle‑market borrowers and investors. We combine the strength of our balance sheet with capital from third‑party investors, creating strong alignment of interests across our platforms.

ORIX USA and its subsidiaries—including ORIX Advisers, ORIX Capital Partners, Boston Financial, Lument, Hilco Global, and NXT Capital—employ approximately 2,100 professionals and manage approximately $39 billion in assets and commitments following the completion of the transaction.

Our parent company, ORIX Corporation, is a publicly owned, global financial services company with operations in 30 countries and regions worldwide. ORIX Corporation is listed on the Tokyo Stock Exchange (8591) and the New York Stock Exchange (IX). For more information, visit orix.com.

Berkshire Global Advisors LP served as the exclusive financial advisor to ORIX USA.