February 1, 2021

ORIX Completes Acquisition of Shares in Gravis Capital Management

Author Two

TOKYO, Japan – February 1, 2021 - ORIX Corporation (“ORIX”) announced today that it has completed its acquisition 70% of shares in Gravis Capital Management Ltd (“Gravis”) as reported in its December 4, 2020 press release, entitled “ORIX to Acquire Gravis Capital Management”*

Gravis is an alternative asset management company, that manages funds investing primarily in the U.K. infrastructure, renewable energy and real estate sectors, with a significant ESG focus.

Gravis currently acts as investment manager or advisor for six funds: three closed-ended listed funds and three open-ended funds with in excess of 2.9 billion pounds (approximately 400 billion yen) in assets under management. The funds’ investors are primarily institutional investors and wealth managers.

The funds operated by Gravis invest in renewable energy, infrastructure, and real estate, and therefore are highly compatible with many of the ORIX Group’s businesses. As a result of this acquisition, ORIX will be able to support further growth of Gravis including expansion of its existing fund portfolios and formation of new funds.

Gravis will remain an independent business unit within the ORIX Group, continuing to operate under its current brand with its existing management team. With the backing of ORIX, Gravis intends to grow its franchise and broaden its investment platform into Europe to serve the demand for investments in private assets and responsible investing.

ORIX will continue to actively invest in areas where high growth is expected with the aim of expanding our business globally while striving to contribute to a sustainable society.

* ORIX to Acquire Gravis Capital Management (December 4, 2020)