Jeff Abrams has been promoted to chief investment officer for asset management at ORIX Corp. USA.
It is a new position, spokeswoman Rohini Pragasam said.
Mr. Abrams will oversee ORIX USA's asset management capabilities "across the growth capital, municipal and infrastructure, special opportunities credit teams as well as those of Signal Peak Capital, a leveraged credit business, and NXT Capital, a middle-market direct lending business," said a news release Wednesday.
Signal Peak and NXT are subsidiaries of ORIX USA.
Mr. Abrams, who is also a managing director, was formerly chief investment officer for private credit at the firm. "Jeff will continue to oversee private credit investments as part of his larger role," Ms. Pragasam said. As such, no one will immediately succeed him in the role of chief investment officer for private credit, Ms. Pragasam added.
Mr. Abrams is based in New York and continues to report to Art Mbanefo, senior managing director and chief investment officer.
In addition, Timothy Loughlin has joined ORIX USA as a managing director in the special opportunities group, responsible for asset-based lending, the news release said.
Mr. Loughlin focuses on "building out the firm's capabilities in asset-based finance and works with teams across asset management on transaction origination and execution," the release said.
Mr. Loughlin reports to Ravi Singh, managing director and head of the special opportunities group. Mr. Loughlin will be based in California, Ms. Pragasam added.
Mr. Loughlin joined ORIX USA in October. He was most recently co-founder of Newgate Capital Holdings, a commercial finance, and consulting and advisory company focused on consumer, commercial, and real estate markets.
ORIX USA had a total of $83.5 billion in assets under management and administration as of Sept. 30, of which $26.1 billion was AUM.
