Nomura Private Capital has launched its first investment product, the Nomura Alternative Income Fund, which it says marks a significant milestone in the firm's global push into private markets. Nomura has provided an initial $100 million to seed the fund.

Nomura Private Capital (NPC) has launched its first investment product, the Nomura Alternative Income Fund (NAIFX), which it says marks a significant milestone in the firm's global push into private markets. Nomura has provided an initial $100 million to seed the fund.
 
NPC says NAIFX is a closed-end interval fund that aims to provide diversified exposure to private and public credit sectors for accredited investors, enabling easy access by removing operational and suitability-related hurdles that such investors often face. 

NAIFX will look to 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 NPC, will employ a flexible allocation strategy to help maximise risk-adjusted returns and current income. The team intends to make relative value decisions on a wide range of private credit exposures, including direct lending, real estate lending, specialty finance and asset-based lending.
 
The launch of NPC’s inaugural fund is the first of several products that NPC plans to bring to market over the coming years. NPC says it will continue to focus on providing differentiated investment outcomes and exposures across the global credit markets.