ORIX Public Finance, an investor and proprietary lender to the public and private sectors, has added municipal finance veteran Jerry Abrahams to its muni investments team.
Abrahams was hired as a director, based in the company's New York office, ORIX said Monday. His first day at the firm was April 15.
Abrahams, 48, will be responsible for the origination and structuring of municipal, not-for-profit, hospitality, and economic development financings in the Northeast and Mid-Atlantic regions. He will also be responsible for ORIX's project finance efforts nationwide.
"ORIX is ready to work with investment bankers, financial advisors and borrowers to make direct investments, using our balance sheet, to finance a full range of projects," said Andrew Garvey, a managing director at ORIX. "Adding Jerry to our team demonstrates our commitment to expand our investing efforts, and Jerry's broad-based background and experience just increases our ability to look at more deals and opportunities and find a way to make it work for ORIX and borrowers."
Abrahams joins the company from Captona Partners, an energy company providing boutique investment banking services in the renewable energy sector. Prior to that, he spent 20 years in the municipal securities division at Citi, where he held positions in banking, capital markets, and structured products.
ORIX Public Finance Group is a business unit of ORIX USA, a Dallas-based financial services and investment firm that provides investment capital, asset management, and financial advisory services in the corporate, real estate, and public finance sectors. Within the municipal and project finance markets, the firm makes private investments on both a tax-exempt or taxable basis in the healthcare, assisted living, education, hotel, affordable housing, and infrastructure sectors.
ORIX holds about $6 billion of assets and manages an additional $25 billion.
The company moved its U.S. headquarters to Dallas from New York in 2003 and has since acquired the international investment bank Houlihan Lokey and the hedge fund advisory firm Mariner Investment Group.