In-Depth Interview with ORIX: Investment Strategies for 2025

September 10, 2025

Driving Growth in GP Solutions with Jed Johnson of ORIX Corporation USA

6:38

In this Dakota Research Interview, Chris LeRoy speaks with Jed Johnson, Head of GP Solutions at ORIX Corporation USA, about the firm’s growing role in providing bespoke capital solutions to middle and lower middle market GPs. Leveraging $40B in AUM and $10B in permanent balance sheet capital, ORIX USA partners closely with private equity sponsors to offer NAV loans, GP financings, and continuation vehicle support.

Johnson outlines how structural shifts in the PE market – slower M&A exits, extended hold periods, and heightened competition – are fueling demand for creative financing solutions. He explains ORIX USA’s disciplined, equity-level underwriting approach to NAV lending, the advantages of GP financing over selling GP stakes, and the strategic role continuation vehicles play in portfolio management.

The discussion underscores ORIX USA’s relationship-driven model, where every transaction is highly customized to the GP’s needs. Johnson emphasizes that their focus is not on short-term liquidity but on enabling sponsors to capture long-term value through growth initiatives and strategic acquisitions.

Listen to the full episode here: Spotify