Head of Private Credit Manager Selection - Team Lead Executive Director

Corporate title: Executive Director  

Department: Nomura Capital Management

Location: New York City                      

The pay range for this position at commencement of employment is expected to be between $250K and $350K/year*

 

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

Function Overview

Nomura Capital Management LLC (NCM) is a Credit manager navigating the spectrum of public and private debt for intermediary and institutional clients. The Nomura Capital Management team helps clients navigate and unlock value across the global credit markets. Backed by Nomura, a century-old global financial services institution, Nomura Capital Management plays a vital part of Nomura Group’s growth strategy as its investment management business expands both in the Americas and globally. For further information about NCM, visit www.nomuracapitalmanagement.com.

 

Role description:

The initial focus of this role will require the candidate to actively lead and manage the research process of a Private Credit Interval Fund vehicle, a small analyst team, and the relevant initiatives necessary for driving investment performance.  The candidate will be responsible for contributing to the investment strategy decisions of the fund - regarding manager selection, portfolio construction, and asset allocation.  The investment strategy will initially focus on a diversified manager and diversified market approach to private credit and will require the candidate to have experience across strategies within the private credit markets, as well as experience with establishing relationships that lead to private credit co-investments.  Ideally the candidate will have experience on an institutional platform working with similar types of portfolios, experience covering a wide range of managers, and an understanding of a range of investment vehicles.  Knowledge of and experience allocating to emerging and boutique managers within private credit (e.g. AUM ~$500mm - $3bb) – including managers focused on asset based lending, real estate lending, and specialty finance will be required for the role.

 

In addition to day-to-day manager research responsibilities, the candidate will lead a small team of analysts, participate in due diligence visits, calls with portfolio managers and research analysts as part of the manager selection process for the external managers.  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 Alternatives platform through ad hoc research, marketing materials, project management, and interdepartmental collaboration.

 

Key Requirements

 

This role will focus on evaluating external private credit managers, and developing relationships with them that lead to a pipeline of co-investments.  An internal team of credit professionals will lead the underwriting process around this pipeline of co-investment opportunities.

 

• Daily responsibilities will include leading a small team of research analysts, tracking, foreca