Rob Young has joined ORIX Venture Finance as a principal, and head of the firm's new London office. He previously was CFO of venture firm Balderton Capital.
ORIX Venture Finance, a leading provider of senior debt capital to later stage venture capital-backed companies, today announced that it has opened its London office. Rob Young joins the firm as Principal, and will lead the firm's European venture lending effort. Rob will work closely with Henry O'Connor, Managing Director in the Washington, D.C. office.
ORIX Venture Finance has been a pre-eminent venture debt provider to high growth companies in the United States and Canada for the past seven years. This move highlights ORIX Venture Finance's intention to extend its leadership beyond North America and accelerate its growth in the European market.
Rob Young, Principal of ORIX Venture Finance London, commented: “I am delighted to be joining ORIX at this exciting time. It is clear to me Europe as a region represents tremendous opportunities in mid- to late-stage venture financing. With a solid foundation as part of a large, diversified financial services group, our blend of capabilities is unique in the region and differentiates us in the marketplace. I look forward to working with this highly experienced and dedicated team, to bring our lending support alongside Europe's leading venture and growth capital firms.”
Commenting on the London launch, Henry O'Connor said, “We see enormous opportunity in the European market and are pleased to be launching at this stage in the cycle. There is a clear market need for alternative financing to mid- and late-stage venture capital backed companies that ORIX Venture Finance provides. There has been significant growth in the venture capital market in Europe over the past few years and we are already seeing enormous interest in our capabilities.”
With access to a large corporate asset base, ORIX Venture Finance has committed over $700 million in capital to more than 70 companies since 2002. ORIX Venture Finance seeks to apply the same investment criteria in Europe that it has successfully utilized in the United States: focusing on offering term loans between $5 million and $50 million to help later stage venture capital-backed companies drive growth, make acquisitions and realize their potential.
Henry continued: “We believe Rob is the ideal professional to spearhead our efforts in Europe. He has an impressive background including his experience as CFO of Balderton Capital, one of Europe's premier venture capital firms. His in-depth knowledge of the European venture finance landscape and his skill in evaluating and structuring transactions will enable ORIX Venture Finance to offer an in-market capability consistent with the quality our clients have come to expect from us.”
At Balderton Capital (previously Benchmark Capital Europe) Rob's experience included extensive deal and portfolio work including M&A, financial due diligence and venture debt financings. Prior to joining Balderton Capital, Rob was a venture capital associate at Alta Berkeley Venture Partners. Additionally, he held positions with Ericsson Global Services and PricewaterhouseCoopers, where he obtained his ACA.
About ORIX Venture Finance LLC
ORIX Venture Finance provides enterprise financing to mid- and late-stage venture-capital- backed companies via acquisition financing, expansion capital and working capital term loans and credit lines, and equity co-investments. The Venture Finance team, staffed with highly seasoned venture lending professionals, meets the challenges facing growth companies by structuring flexible financing packages that meet their unique needs. We are a stable and reliable partner dedicated to supporting the growth and success of professionally backed companies with a range of debt products.