Private Credit Investor (Real Estate) Vice President at Nomura Holdings, inc.

New York, New York, United States -

Full Time

Start Date

Immediate

Expiry Date

04 Jan, 26

Salary

300000.0

Posted On

06 Oct, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Private Credit, Real Estate, Investment Management, Due Diligence, Credit Analysis, Deal Structuring, Fund Management, Co-Investments, Market Research, Networking, Risk Management, Analytical Skills, Integrity, Collaboration, Entrepreneurial Mindset, Mentorship

Industry

Financial Services

Description

Corporate Title: Vice President Department: Nomura Capital Management (NCM) Location: New York, NY Mon-Wed in office, Thurs-Fri optional home or office The base pay range for this position at commencement of employment is expected to be between $225K - $300K/yr* 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 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). Overview of Position: Nomura Capital Management (NCM) is seeking to recruit a seasoned vice president to work on the Opportunistic Private Credit Team with a real estate debt focus for the Nomura Alternative Income Fund (NAIFX). The candidate will play a critical role in sourcing and managing deal flow while working closely with the PM team and research team to deploy capital effectively. The candidate will lead the sourcing and diligence of private credit co-investments alongside third party originators and fund managers. The experienced vice president will have 5-7 years of credit experience in private real estate debt. The ideal candidate will be intimately familiar with interval funds, the real estate fund management and originator universe, and have a nuanced understanding of underlying transaction risk profiles. Responsibilities: The successful candidate will have a demonstrated track record of being able to source and diligence prospective real estate investment strategies primarily by engaging with fund managers and industry participants, and underwriting specific investments with fund managers, co-investments, and direct investments. Investments may take varying forms including allocations and partnerships with fund managers, originators, operating platforms, co-investments and direct investments. The candidate should also be interested in completing more thematic market research to identify new sub-strategies and emerging areas to focus on as the macro environment changes. This candidate will leverage their prior experience, network and the broader NCM and Nomura organizations to deploy capital in a consistent, methodical way to generate superior risk adjusted returns. Responsibilities include but are not limited to: Lead due diligence, structuring investments and fund partnerships considering investment objectives, fundamental credit analysis, the potential use of various forms of leverage and the impact on risk and return, tax and legal considerations for a ’40 Act registered interval fund. Oversee deal structuring and execution, coordinating with internal and external counterparties. Ability to manage multiple investment processes with junior resources in parallel to drive results. Maintaining and expanding a network of investment partners to source and originate co-investments from. Management, development, and mentorship of 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. Continuous evaluation of existing portfolio exposures (across SPV and fund investments, co-investments and direct investments) by tracking key exposures, risk factors, and having regular dialogue with fund managers and industry participants. Manage investments post-closing and develop roadmap to harvest investments over time. A desire to continuously improve and optimize investment diligence, monitoring and reporting. Qualifications: 5-7 years of relevant real estate credit experience. Interval fund and/or private-REIT experience preferred. A deep knowledge of the credit market, with a passion for the market and ability to speak intelligently and commercially. A network to source and originate co-investments. A self-starter that is commercial and results-oriented in structuring investments and partnerships with originators and third party fund managers. An individual who thrives in a fast-paced environment and works with a sense of urgency while never compromising on diligence. An individual who has a demonstrated track record of execution, and a strong understanding of credit analysis. Detail oriented with strong analytical capabilities and a high degree of investment acumen. Uncompromised integrity and honesty. Someone who will operate as a true fiduciary on behalf of clients. Collaborative with interpersonal skills necessary to interact effectively with cross-functional teams such as legal, operations and tax, and external teams. Comfortable and excited to operate in an entrepreneurial culture and contribute to the scaling of a business unit within a broader organization. Strong academic credentials. *Base pay offered may vary depending on multiple individualized factors, including market location, corporate and functional title and duties, job-related knowledge and advanced degrees, skills, and experience. The total compensation package for this position may also include other elements, including a sign-on bonus, restricted stock units, and discretionary awards in addition to a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment. If hired, employee will be in an “at-will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors”. Nomura is an Equal Opportunity Employer

Responsibilities

The candidate will lead the sourcing and diligence of private credit co-investments alongside third-party originators and fund managers. They will also oversee deal structuring and execution while managing multiple investment processes.