NORTHBROOK, Illinois — April 9, 2026
Executive Summary
Hilco Global has announced the launch of an expanded asset-based lending platform through its Hilco Global Asset Management practice. The initiative is designed to deliver flexible, asset-based financing solutions across industries, addressing both performing credits and special situations. The platform is backed by the capital and infrastructure of ORIX Corporation USA following its majority acquisition of Hilco Global in September 2025.
The launch integrates Hilco Global’s longstanding expertise in asset valuation, advisory, and lending with ORIX USA’s global balance sheet and asset management capabilities. According to the company, this combination is expected to enable faster execution, expanded capital deployment, and tailored financing structures aligned with borrower needs across diverse market conditions.
Announcement Overview
Hilco Global has formally introduced an expanded asset-based lending platform under its Hilco Global Asset Management practice, positioning the platform as a solutions-oriented investment capability designed to address a wide range of borrower requirements. The platform is structured to support financing across industries, providing capital solutions tied directly to the underlying value of assets.
The development follows the completion of ORIX Corporation USA’s majority acquisition of Hilco Global in September 2025. This transaction combines Hilco Global’s established capabilities in asset-based advisory and lending with ORIX USA’s global capital resources and asset management infrastructure, forming the operational foundation for the expanded platform.
The platform is intended to enable Hilco Global to deliver customized financing solutions with enhanced speed, scale, and flexibility, while addressing a growing demand for structured credit solutions tied to both tangible and intangible assets.
Key Announcement Details
Platform Launch and Strategic Positioning
- Announcement Type: Asset-Based Lending Platform Launch through Hilco Global Asset Management
- Announcing Entity: Hilco Global
- Platform Name: Hilco Global Asset Management Asset-Based Lending Platform
- Launch Date: April 9, 2026
- Announcement Source: Hilco Trading, LLC
- Primary Objective: Deliver flexible, asset-based financing solutions across industries
- Target Segments: Performing credits and special situations
- Core Value Proposition: Financing solutions grounded in real asset value and asset behavior across cycles
Acquisition Context and Strategic Foundation
- Transaction Background: Platform expansion follows majority acquisition of Hilco Global by ORIX Corporation USA in September 2025
- Strategic Integration: Combines Hilco Global’s asset expertise and lending capabilities with ORIX USA’s global balance sheet and asset management platform
- Expected Capabilities Enabled:
- Faster execution of financing solutions
- Increased scale of capital deployment
- Greater flexibility in structuring lending solutions
- Market Positioning: Designed to address a growing market opportunity in asset-based lending
Lending Approach and Financing Scope
- Lending Philosophy: Asset-based lending supported by deep understanding of borrower assets and valuation dynamics
- Primary Financing Use Cases:
- Working capital financing
- Growth financing
- Mergers and acquisitions (M&A) financing
- Corporate restructurings
- Strategic business initiatives across market cycles
- Client Alignment Objective: Financing structures tailored to borrower-specific asset profiles
Collateral Coverage and Underwriting Capabilities
- Collateral Types Underwritten:
- Accounts receivable
- Inventory
- Real estate
- Machinery and equipment
- Intangible assets including intellectual property and brand value
- Underwriting Capability: Ability to underwrite across multiple collateral types within a single financing structure
- Outcome Objectives:
- Optimize borrower liquidity
- Enhance financial flexibility
- Align financing with asset-backed value
Financing Structures and Product Offerings
- Senior Secured Financing Structures:
- Revolving lines of credit
- Term loans
- First-in, last-out (FILO) facilities
- Revolving-in, last-out (RILO) structures
- Stretch asset-based lending (ABL) facilities
- Customization Capability: Development of tailored asset-based financing solutions based on borrower needs
Platform Capabilities and Operational Model
- Core Capabilities:
- Integration of asset intelligence into lending decisions
- Structuring financing solutions based on asset performance across cycles
- Deployment of capital aligned with borrower-specific conditions
- Operational Focus: Deliver credit solutions that enhance liquidity and operational flexibility
Leadership and Management Structure
- Senior Leadership Team:
- Ian Fredericks
- Henry Foster
- Nik Singhal
- Dan Rubin
- Domenic Natale
- Leadership Expertise Areas:
- Private credit
- Asset-based lending
- Special situations investing
- Leadership Perspective (Nik Singhal): Emphasis on asset behavior across cycles and integrated asset intelligence
- Leadership Perspective (Ian Fredericks): Focus on combining asset expertise with scaled capital to support clients across market cycles
Asset Expertise and Industry Coverage
- Core Foundation: Decades of experience in asset valuation and advisory services
- Industry Coverage:
- Retail
- Consumer sectors
- Commercial and industrial markets
- Real estate
- Manufacturing
- Brand management and intellectual property
- Strategic Advantage: Integration of valuation expertise into lending decisions
Organizational Structure and Division Alignment
- Operating Division: Hilco Global Capital Solutions
- Division Role:
- Expansion of capital deployment
- Growth of asset-based private credit lending
- Post-Acquisition Structure: One of two operating divisions established following ORIX USA acquisition
- Platform Positioning Within Division: Focused on scaling asset-based lending globally
Geographic Footprint and Global Operations
- Global Operating Regions:
- United States
- Canada
- Mexico
- United Kingdom
- Western Europe
- Australia
- New Zealand
- Operational Model: Global deployment of lending capabilities through regional teams
Capital Strength and Infrastructure Support
- Capital Backing: ORIX Corporation USA global balance sheet
- Infrastructure Support: ORIX USA asset management platform
- Operational Benefits:
- Enhanced capital availability
- Improved scalability of lending operations
- Greater flexibility in structuring transactions
Company Profile: Hilco Global
- Company Type: Diversified financial services company
- Ownership Structure: Subsidiary of ORIX Corporation USA
- Core Offerings: Integrated professional services and capital solutions
- Client Segments:
- Healthy companies
- Stressed businesses
- Distressed enterprises
- Service Capabilities:
- Strategic advisory
- Capital deployment
- Enterprise value optimization
- Headquarters: Northbrook, Illinois
- Global Workforce: More than 810 professionals across four continents
- Sector Coverage: Retail, commercial and industrial, real estate, manufacturing, brand and intellectual property
Company Profile: ORIX Corporation USA
- Establishment: 1981 in the United States
- Business Type: Investment and asset management firm
- Core Specializations:
- Private credit
- Real estate
- Private equity
- Capital Model: Combination of balance sheet capital and third-party investor funds
- Employee Base: Approximately 2,100 employees (including subsidiaries)
- Assets Under Management and Servicing:
- $96.9 billion total assets
- $44 billion in assets and commitments
- $52.9 billion in servicing and administering assets (as of December 31, 2025)
Parent Company Overview
- Parent Entity: ORIX Corporation
- Global Presence: Operations across 30 countries and regions
- Stock Listings:
- Tokyo Stock Exchange (8591)
- New York Stock Exchange (IX)
Digital and Information Access
- Official Website (Hilco Global): www.hilcoglobal.com
- Official Website (ORIX Corporation): www.orix.com
A Differentiated Approach to Asset-Based Lending
Hilco Global Asset Management’s platform is structured around a deep understanding of borrower assets and their underlying value, enabling the delivery of tailored financing solutions aligned with specific operational and strategic requirements.
The platform supports a broad range of financing use cases, including:
- Working capital requirements
- Growth financing initiatives
- Mergers and acquisitions (M&A) financing
- Corporate restructurings
- Strategic capital deployment initiatives
Hilco Global Asset Management has the ability to underwrite across multiple collateral types, including:
- Accounts receivable
- Inventory
- Real estate assets
- Machinery and equipment
- Intangible assets such as intellectual property and brand value
This multi-collateral underwriting capability enables the platform to structure financing solutions that aim to:
- Optimize liquidity for borrowers
- Enhance operational flexibility
- Align capital structures with asset profiles
The platform offers a range of senior secured financing structures, including:
- Revolving lines of credit
- Term loans
- First-in, last-out (FILO) facilities
- Revolving-in, last-out (RILO) structures
- Stretch asset-based lending (ABL) facilities
- Other customized asset-based solutions
These financing structures are designed to accommodate varying borrower needs and capital strategies while maintaining alignment with underlying asset value.
Leadership Perspective on Asset-Based Lending Strategy
Nik Singhal, part of the senior leadership team for the platform, provided insight into the operational philosophy underpinning the expanded lending initiative:
“In today’s market, effective asset-based lending requires a deep understanding of how assets behave across cycles. We believe Hilco Global is uniquely positioned to deliver integrated asset intelligence and tailored lending capabilities, enabling financing solutions grounded in real asset value.”
This perspective reflects the company’s focus on asset intelligence as a foundational component of its lending approach, emphasizing the role of asset behavior and valuation in structuring credit solutions.
Senior Leadership and Expertise
The platform is supported by a senior leadership team with experience across private credit, asset-based lending, and special situations investing. Key leadership includes:
- Ian Fredericks
- Henry Foster
- Nik Singhal
- Dan Rubin
- Domenic Natale
Collectively, the leadership team brings extensive experience in structuring and executing complex financing solutions, supporting the platform’s ability to operate across diverse industries and market conditions.
Built on a Foundation of Asset Expertise
Hilco Global’s asset-based lending capabilities are grounded in decades of experience in asset valuation and advisory services, forming a core component of its financial services offering.
The company’s expertise spans multiple industries, including:
- Retail
- Consumer sectors
- Commercial and industrial markets
- Real estate
- Manufacturing
- Brand management and intellectual property
This historical experience in asset evaluation and monetization supports the platform’s ability to assess collateral value and structure financing solutions accordingly.
The integration of this expertise with ORIX Corporation USA’s capital base and asset management infrastructure provides the operational foundation for the expanded lending platform, enabling increased scale and enhanced execution capabilities.
Integration Within Hilco Global Capital Solutions
The expanded asset-based lending platform operates within Hilco Global Capital Solutions, one of two operating divisions established following ORIX Corporation USA’s acquisition of Hilco Global.
Hilco Global Capital Solutions is focused on:
- Expanding capital deployment
- Scaling asset-based private credit lending activities
- Enhancing global financing capabilities
The division represents a strategic effort to increase lending capacity and operational reach, aligning with the broader objectives of the combined Hilco Global and ORIX USA platform.
The initiative is structured as a global effort, with operational teams located across:
- United States
- Canada
- Mexico
- United Kingdom
- Western Europe
- Australia
- New Zealand
This geographic footprint supports the platform’s ability to serve clients across multiple regions and market environments.
Leadership Commentary on Platform Expansion
Ian Fredericks, a senior leader within the platform, commented on the significance of the launch:
“This launch represents a meaningful step forward in the evolution of the Hilco Global Capital Solutions platform. By combining deep asset expertise with scaled capital and an expanded mandate, we believe we are well positioned to deliver flexible financing solutions across both performing credits and special situations, supporting clients across market cycles.”
This statement highlights the company’s focus on scaling its lending capabilities while maintaining flexibility in addressing different credit environments.
Global Platform Capabilities and Market Positioning
The expanded platform combines:
- Asset-based expertise developed over decades
- Global capital resources provided by ORIX Corporation USA
- Integrated investment management capabilities through Hilco Global Asset Management
This combination is intended to enable the platform to operate across a broad range of credit scenarios, including:
- Stable, performing credit environments
- Complex or distressed financial situations
The platform’s ability to evaluate both tangible and intangible assets is central to its approach, allowing it to structure financing solutions that align with the specific characteristics of each borrower’s asset base.
Additionally, the platform’s integration with ORIX USA’s infrastructure supports:
- Scalable capital deployment
- Operational consistency across regions
- Enhanced execution capabilities
These elements collectively contribute to the platform’s positioning within the asset-based lending and private credit landscape.
About Hilco Global
Hilco Global is a diversified financial services company that provides integrated professional services and capital solutions designed to help clients maximize value and drive performance.
The company operates across multiple sectors, including:
- Retail
- Commercial and industrial markets
- Real estate
- Manufacturing
- Brand and intellectual property sectors
Hilco Global offers customized solutions to:
- Healthy companies
- Stressed businesses
- Distressed enterprises
Its services are structured to enhance long-term enterprise value and support businesses and stakeholders through complex financial situations.
The company aligns its interests with clients by providing:
- Strategic advisory services
- Capital solutions to complete transactions
Hilco Global is headquartered in Northbrook, Illinois, and employs more than 810 professionals operating across four continents.
About ORIX Corporation USA
ORIX Corporation USA was established in the United States in 1981 and has grown through both organic expansion and acquisitions into a diversified investment and asset management firm.
The firm specializes in:
- Private credit solutions
- Real estate investments
- Private equity strategies
ORIX USA combines its balance sheet capital with funds from third-party investors, supporting alignment of interests across its investment strategies.
As of December 31, 2025, ORIX USA and its subsidiaries, including Hilco Global:
- Employ approximately 2,100 individuals
- Manage approximately $96.9 billion in assets
- $44 billion in assets and commitments
- $52.9 billion in servicing and administering assets
Its parent company, ORIX Corporation, operates across 30 countries and regions worldwide and is listed on:
- Tokyo Stock Exchange (8591)
- New York Stock Exchange (IX)
This global presence supports ORIX USA’s ability to provide capital and infrastructure across international markets.
Media Contact
For additional information, visit hilcoglobal.com.
Source Attribution
Source: Company announcement
