Taiki Okada's questions to ORIX (IX) leadership • Q3 2024
Question
Requested a detailed update on the US business environment across three areas: credit (specific asset class concerns), private equity (exit environment and pricing), and real estate (path to profit recovery and dependence on the MBS market).
Answer
The executive responded that in credit, they are focused on investment-grade assets and are cautious on higher-risk portions. In real estate, the agency business is recovering, but they are waiting for the origination environment to improve further before strengthening efforts. For private equity, the main challenge is the buyer's access to funding, as regional bank lending has not fully recovered, which is delaying exits.