Nomura Private Capital launched its first investment product, the Nomura Alternative Income Fund (NAIFX). This inaugural fund marks a milestone in Nomura’s global push into private markets, with the firm providing an initial $100 million to seed the fund.
NAIFX is a closed-end interval fund that provides diversified exposure to private and public credit sectors for accredited investors. NAIFX will invest a majority of assets both directly and indirectly through investment vehicles across global credit markets. The investment team, led by Matthew Pallai, CIO of Nomura Private Capital, will assess market opportunities and employ a flexible allocation strategy to help maximize risk-adjusted returns and current income. The team intends to make relative value decisions on a range of private credit exposures, including direct lending, real estate lending, specialty finance and asset-based lending.
“We are thrilled to be launching NAIFX, NPC’s inaugural fund,” Robert Stark, head of investment management in the Americas for Nomura Private Capital, said. “Based on client demand and feedback, the team worked relentlessly over the last year to get this fund off the ground. We aspire to become a partner of choice to our clients in supporting the shift from public to private markets and are excited about the opportunities for our clients and for Nomura. The NPC team is highly experienced and demonstrates deep industry knowledge that will provide real value to clients looking to invest in private markets.”
“We are delighted to bring NAIFX to market,” Pallai said. “Our investment team is committed to constantly evaluating the market conditions, opportunities and risks in order to deliver a strong, stable yield and total return over time for our clients.”
With the launch of NAIFX, Nomura Private Capital will expand the options for registered investment advisors, bank and trust departments, and family offices to access private credit in a diversified way. NAIFX is now live, and Nomura’s team has begun to engage actively with its current and future partners.
“We are delighted to announce the launch of NPC’s private credit-oriented, closed-end interval fund,” Yoshihiro Namura, head of investment management at Nomura Holdings, said. “Nomura has a long history in the United States, including our well-established high yield bond fund manager, Nomura Corporate Research and Asset Management (NCRAM), and is committed to expanding our activities further into the private markets space, with NPC leading this effort. Our deep-sector expertise and wealth of industry knowledge positions Nomura well to build out a strong franchise in the Americas.”
