Vice President, Private Credit - Manager Research

The pay range for this position at commencement of employment is expected to be between $200,000 and $250,000/year * (see below footnote for additional compensation and benefits information).

The seasoned Vice President will 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 Vice President will have 5-7 years of experience in private credit manager selection and research. The ideal candidate will possess extensive quantitative, data management and research skills, and will be intimately familiar with interval funds, private credit portfolio construction and risk management.

The successful candidate will have a demonstrated track record of sourcing and conducting due diligence on prospective investment managers within asset-based, specialty finance and private real estate debt. The Vice President will source GPs primarily by engaging with fund managers, industry participants, placement agents, investment consultants and their own peer network. Investments may take varying forms including limited partnerships with fund managers, SPV/JVs, co-investments and secondaries market purchases.

The candidate should be interested in initiating and creating thematic market research to build market maps, identify new sub-strategies and emerging managers with specialist niches. This candidate will leverage their prior experience, network and the broader NCM and Nomura organizations to help deploy capital in a consistent, methodical way to generate superior risk adjusted returns.

In all of these activities, the candidate will collaborate with teams both internally and externally and across functions—Risk Management, Legal, Compliance, Data providers, Distribution partners, Counter parties, Technology Vendors, Operations, Accounting, etc.

• Lead the ideation, screening, vetting, analyzing, negotiations and IDD on external GPs.
• Lead the managing, servicing, reviews, monitoring and surveillance of GPs in the portfolio.
• Build performance analytics, attribution and reporting tools to track GP performance.
• Work closely with the Head of Portfolio Management & Manager Research on strategic direction, new ideas, themes, target GPs, and sourcing channels.
• Oversee ODD and LDD process, coordinating with internal and external counter parties.
• Manage multiple investment processes with team members in parallel to drive results.
• Maintain and expand a network of investment partners to identify and underwrite primary, secondary, and co-investment opportunities.
• Manage, develop, and mentor junior resources.
• Maintain a pipeline of actionable ideas and emerging themes as the opportunity set continuously evolves.
• Prepare investment memoranda and related documentation for Investment Committee and monitoring post execution.
• Continuously evaluate existing portfolio exposures (across fund investments and co-investments) by tracking key exposures, risk factors, and having regular dialogue with fund managers and industry participants.
• Continuously improve and optimize investment diligence, monitoring and reporting.

• 5-7 years of relevant credit experience in private asset-based, specialty finance and real estate credit and a deep understanding of the alternative investment landscape.
• Manager research experience at a private credit investment firm or group (e.g. pension fund, insurance company, fund of funds, investment consultant, wealth management platform, OCIO, endowment, foundation, sovereign wealth fund, family office, etc.) is highly desirable.
• Interval fund experience preferred.
• Deep knowledge of the credit market, with a passion for investing and the ability to speak, write, and present intelligently and commercially.
• A mindset of capital preservation with…