Sterling Partners

Shifting to this strategy used to be seen as a failure, but an early flow of carry can be very attractive.

The US investment arm of ORIX Corporation, which currently operates on a deal-by-deal basis, seeks to launch its first vehicle in the next year and will invest up to $500m per transaction.

This year was a rollercoaster year punctuated by uncertainty related to geopolitical events, while the US private equity market saw elevated valuations and increasing dry powder.

The Chicago-based growth equity firm has added Kim Vender Moffat and Michael Drai to its team of managing directors, which now has nine professionals.