Nomura has dedicated $150m (£133.9m) to a US senior direct lending fund managed by Park Sq. Capital, as a part of a strategic partnership between the 2 corporations.
Each corporations introduced the US non-public credit score alliance right this moment (14 November), beneath which the Japanese monetary companies group will function an anchor investor in Park Sq.’s US mortgage companions fund, which focuses on mid-market senior secured lending.
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The strategic partnership additionally offers Park Sq. entry to unitranche non-public credit score alternatives sourced by way of Nomura’s US funding banking division, together with its differentiated acquisition, leveraged finance and advisory companies.
“This may improve Park Sq.’s underwriting capabilities, enabling the agency to supply full financing options for bigger transactions, whereas additionally creating compelling co-investment alternatives for restricted companions,” the corporations mentioned.
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“As non-public credit score continues to reshape the financing panorama, direct lending has develop into an more and more important funding supply for our purchasers,” mentioned Tsutomu Takemura, international head of funding banking at Nomura. “Via this alliance, we have now efficiently broadened our footprint, leveraging Park Sq.’s deep direct lending experience alongside Nomura’s international scale and broad product providing.”
“We’re excited to associate with Nomura within the US, a core market and key strategic precedence throughout our international non-public credit score enterprise,” mentioned Osvaldo Pereira, head of direct lending at Park Sq.. “Nomura’s underwriting capabilities and powerful sponsor relationships complement the deep origination community Park Sq. has constructed during the last decade within the US.”
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