The Investment Grade Private Debt strategy invests in debt from high-quality borrowers across corporate credit, infrastructure, project finance, and asset-based finance. The strategy seeks enhanced yield, diversification, and historically lower defaults with higher recoveries relative to public investment grade (IG) bonds.
Leading platform
One of the largest independent IG private debt platforms, aligning with client needs and offering customized solutions
Flexible structures
Customizable maturity, currency, amortization, and funding schedules to align with liability profiles and investing objectives
Experienced team
Senior-led investment team of specialists averaging 18 years of experience, with direct accountability through the asset life
The strategy seeks diversified exposure to issuers not typically seen in public markets.
Offering global reach – ~40% of the portfolio is outside the US – the strategy seeks the best opportunities around the world and can build a diversified, geographically agnostic portfolio.
Flexible transaction sizing means the team underwrites transactions ranging from $100 million to several billion dollars, with a focus on meeting client needs.
The buy-and-maintain strategy focuses on long-term lending relationships, with access to an active secondary market for liquidity or total return mandates.
Sourcing deal flow comes from long-standing relationships with agent banks, sponsors, and repeat issuers.
Underwriting of every issuance goes through rigorous fundamental credit analysis, including direct engagement with management, covenant negotiation, and an internal Nomura-assigned credit rating.
The investment committee provides independent review and approval before commitment, focused on credit quality, structure, and relative value.
Monitoring of covenant compliance, financial performance, and credit trends occurs throughout the life of each investment, overseen by a dedicated, experienced industry analyst.
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Risk Disclosures
Investing involves risk, including the possible loss of principal.
Fixed income securities can lose value, including the possible loss of principal. Fixed income securities are subject to credit risk and interest rate risk. Credit risk is the risk that an issuer of a fixed income security may be unable to make interest payments and/or repay principal in a timely manner. Interest rate risk is the risk that prices of bonds and other fixed income securities will increase as interest rates fall and decrease as interest rates rise. Fixed income securities with longer maturities or duration generally are more sensitive to interest rate changes.
Diversification may not protect against market risk.
Liquidity risk is the possibility that securities cannot be readily sold within seven calendar days at approximately the price at which a portfolio has valued them. To the extent that a portfolio holds fixed income securities in smaller “odd lot” sizes, such positions may be less liquid and harder to sell. Odd lots may trade at lower prices than institutional round lot sizes, which may affect a portfolio’s ability to accurately value its investments.
Nothing presented should be construed as a recommendation to purchase or sell any security or follow any investment technique or strategy.
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Investing involves risk including the possible loss of principal. The investment capabilities described in this website involve risks due, among other things, to the nature of the underlying investments. All examples herein are for illustrative purposes only and there can be no assurance that any particular investment objective will be realized or any investment strategy seeking to achieve such objective will be successful. Past performance is not a reliable indication of future performance.
Before acting on any information, you should consider the appropriateness of it having regard to your particular objectives, financial situation and needs and seek advice.
The fund or strategy is subject to liquidity risk, which is the risk that the fund or strategy’s investments cannot be readily sold within seven calendar days at approximately the price at which the fund or strategy has valued them.