trending Market Intelligence /marketintelligence/en/news-insights/trending/sY9VqfH562OlBcqcEG-cew2 content esgSubNav
In This List

HMS Income Fund forms venture with ORIX Funds

Blog

Insight Weekly: US inflation soars; real estate faces slowdown; megadeals drive tech M&A

Blog

Commercial Banking: June 22nd Edition

Blog

Insight Weekly: Path to net-zero; US manufacturing momentum; China's lithium M&A frenzy

Blog

Commercial Banking Newsletter June Edition - 2022


HMS Income Fund forms venture with ORIX Funds

HMS Income Fund Inc. and ORIX Funds Corp. have formed a joint venture that is expected to invest primarily in broadly syndicated loans.

The two companies entered into a limited liability company agreement to co-manage HMS-ORIX SLF LLC. HMS Income Fund committed to provide $30 million of equity and will initially own 60% of HMS-ORIX SLF. ORIX Funds will provide $20 million of equity and will own 40% of the joint venture.

The two companies will have equal representation on the joint venture's board of managers.

In addition, HMS-ORIX SLF entered into a $100 million credit facility with Bank of America NA to help achieve its investment objectives.