Associate, Private Credit-Portfolio Management & Manager Research

Corporate

Title:

Associate, Private Credit—Portfolio Management & Manager Research

Department: NAM International

The pay range for this position at commencement of employment is expected to be between $150,000 and $200,000 [year] * (see below footnote for additional compensation and benefits information).

Nomura is a global financial services group with an integrated network spanning approximately 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions:
Wealth Management, Investment Management, and Wholesale (Global Markets and Investment Banking). Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. For further information about Nomura, visit  .

Aon’s Benefit Index ® , Nomura’s benefits rank #1 amongst our competitors

Nomura Capital Management (NCM) is seeking to recruit a seasoned Vice President to work on manager research and selection in the Private Credit Team for the Nomura Alternative Income Fund (NAIFX). The candidate will play a critical role in sourcing and managing best‑in‑class GPs while working closely with NAIFX portfolio managers to deploy capital effectively. The candidate will focus primarily on US-based managers in Asset-Based Lending, Specialty Finance, and Real Estate Debt who offer both private credit funds and co‑investments.

The experienced Associate will have 2-4 years of experience in private credit manager selection and research. The ideal candidate will possess extensive quantitative, data management and research skills, with a strong desire to become an expert in private credit funds, portfolio construction and risk management.

The candidate will assist and contribute to the investment strategy decisions of the fund—regarding manager selection, portfolio construction, and asset allocation. Ideally the candidate will have prior experience working for an institutional platform working with similar types of portfolios, some manager research experience, and a working knowledge of a range of investment vehicles.

In addition to day‑to‑day manager research and portfolio management responsibilities, the candidate is expected to participate in due diligence visits, calls with portfolio managers and research analysts as part of the manager selection process for the external managers. The candidate is also expected to have oversight of some investor and fund reporting functions. Additionally, as a key team member and contributor in a fast growing business, the candidate will help shape strategic decisions for the growth objectives for the entire investment platform through ad hoc research, project management, and interdepartmental collaboration.

• Working closely with the Portfolio Management and Manager Research team to review and evaluate prospective investment opportunities; conducting due diligence on investment opportunities; overseeing an internal database of prospective investment opportunities.
• Writing manager meeting notes, due diligence reports, and manager recommendations; summarizing the due diligence findings in investment recommendation memos; facilitate and complete a variety of research tasks, including conducting written surveys, analyzing peer groups, and writing manager review memorandums and commentaries.
• Tracking and reporting manager performance, building and maintaining relationships with underlying managers, helping to coordinate cash drawdown and funding calendar.
• Conduct quantitative and qualitative analysis to assess the opportunity set and key risks for various private market and alternative strategies over time to help inform portfolio management decisions.
• Help develop quantitative risk framework for analyzing the historical track record of prospective investment opportunities; constructing financial models and perform technical analysis as needed.
• Utilizing relationships with GPs to monitor fund developments; designing reports to track fund and portfolio…