Associate, Private Credit - Portfolio Management & Manager Research

Corporate Title: Associate

Department: Nomura Capital Management (NCM)

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).

Company Overview

Nomura is a global financial services group with an integrated network spanning over 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Wholesale (Global Markets and Investment Banking), and Investment Management. 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 www.nomura.com.

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

Division Overview: Nomura Capital Management

As part of its efforts to expand its investment management business in the Americas and enhance its overall offering, Nomura Holding America Inc. established a new business line – Nomura Capital Management (NCM). NCM provides RIAs and their clients with access to private markets. The first strategy brought to market provides diversified exposure to private credit sectors through an interval fund structure. The second fund launched is a private credit drawdown strategy. Additional products/strategies will be developed in other private markets such as real estate, infrastructure, private equity or venture capital (e.g., potentially including non-traded REIT/BDCs, open/closed-end private funds or similar structures).

Role Description:

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 exposures and performance attribution.
• Processing and oversight of fund capital calls and distributions as required.
• Help automate processes to ensure that fund reporting requirements are met; assist with ongoing reporting needs.
• Actively contribute content/reporting for the production of investment materials and communications to clients (e.g., marketing decks, roadshows, blogs, etc); prepare presentations, analyses and appendices to be used in meetings internally and externally with clients and advisors; performing ad hoc and special projects as needed
• Build internal and external relationships to help drive product development, idea generation, a