Ultimus Fund Solutions, an independent provider of fund administration, accounting, and investor services, 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 including retail, investment management and wholesale.
Ultimus says that Nomura’s investment management division is expanding into intermediary distribution with a particular focus on registered investment advisors, 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.
“We are excited and proud to announce the launch of Nomura Private Capital’s first interval fund,” Robert Stark, chief executive officer of Nomura Private Capital, said. “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.”
Ultimus Fund Solutions provides full-service fund administration, accounting, middle office, and investor services to support the launch and servicing of registered funds, private funds, and public plans. The company also offers structures designed for pensions, endowments, foundations, and other large institutions. The firm services more than 1,600 traditional and alternative funds.
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