As part of a Chief Executive Officer Kentaro Okuda’s strategy to expand beyond traditional asset markets, Nomiura Holdings is planning to launch a new buy-out find aimed at wealth Japanese investors, according to a report by Bloomberg.
The new fund is being made available to so called ‘specified investors’ – including wealthy individuals who are deemed to be more sophisticated than regular retail investors – via the company’s Nomura Securities c0-division. A third-party asset management firm will handle the forms investments in local unlisted firms.
Since becoming CEO, Okuda has been seeking more stable streams of income, with an expansion into private markets being one of his key initiatives aimed at tackling three years of declining profits.
