Orix Unit Boosts Health PE Firm With $150M Infusion

Law360, New York (September 20, 2011, 3:56 PM EDT) -- New Health Capital Partners LLC announced Tuesday that an Orix Corp. subsidiary had provided $150 million in seed capital for a private equity fund devoted to investments in the health care and life sciences sectors.

Orix USA Asset Management channeled the capital into New Health for an undisclosed stake in the fund manager, which was launched last year by Fortress Investment Group LLC veterans Richard Baxter and Aron Dantzig, according to a statement.

“We are very excited about our relationship with New Health,” OAM CEO Michael...
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