Investment Services News

Ultimus Assists in Launch of Nomura’s Inaugural Credit Interval Fund

Ultimus Assists in Launch of Nomura’s Inaugural Credit Interval Fund

Ultimus selected to partner with Nomura Private Capital in launch of global firm’s first interval fund, Nomura Alternative Income Fund

Ultimus Fund Solutions, a leading independent provider of full-service technology-enhanced fund administration, accounting, and investor solutions, announced its collaboration with Nomura Private Capital in the launch of the firm’s first interval fund.

Globally Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Investment Management, and Wholesale (Global Markets and Investment Banking). Nomura’s Investment Management division is expanding into intermediary distribution with a particular focus on RIAs, Banks, Trusts and family offices with the launch of the Nomura Alternative Income Fund (NAIFX). NAIFX is an interval fund that will provide clients with diversified exposure to private and public credit sectors for accredited investors and will aid the firm in reaching its goal to expand into private markets. Nomura took a deliberate approach in developing their first interval fund where Ultimus assisted through conception stages as they were reviewing the market. The two firms worked diligently through the product development process and Ultimus remained a strong partner throughout the launch.

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Robert Stark, Chief Executive Officer of Nomura Private Capital, said, “We are excited and proud to announce the launch of Nomura Private Capital’s first interval fund. Launching our first product is an important milestone for the firm, and we needed to work with the right partner to bring this fund to life. In order for the fund to be successful, we wanted to understand the marketplace which we were entering. Ultimus has no shortage of experience and we were confident that they would help us navigate through the building and launching process.”

Matthew Nelson, Chief Operating Officer of Nomura Private Capital, emphasized how Ultimus’ project management approach was key to a seamless launch. “The execution was thorough and their project management skills were efficient. They were able to work with us through the intricacies of the launch, and made us feel comfortable jumping into a space that is relatively complex.”

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Gary Tenkman, Ultimus’ CEO, is pleased to continue diversifying firm clients. “We are thrilled to partner with a firm like Nomura as they expand their business into the alternative investment space. This has been a key area of growth for us as a firm, and we are excited to partner with an organization of such caliber. This successful fund launch is the first chapter in Nomura Private Capital’s entry into the space, and we are delighted to be a part of their story.”

Nick Darsch, Managing Director, adds, “We continue to see strong growth trends in the marketplace and our team is extremely adept at packaging alternative strategies in interval and tender offer funds, and helping firms like Nomura navigate product development and the entire launch process.” Nick is participating in a panel covering the Democratization of Alternatives at the upcoming Investment Company Institute Leadership Summit.

[To share your insights with us, please write to sghosh@martechseries.com]

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