Nomura ICG offers institutional investors opportunities to invest in mezzanine debt in Japan. The Fund has reached its first close in twelve months since the establishment of Nomura ICG.
- First close on fund held at ¥28 billion with 15 investors
- Final close will be in 2015
- Fund is committed to invest approximately ¥10bn in two transactions
The Fund is committed to invest approximately ¥10 billion in two transactions.
Tomohiro Kikuta, Representing Director, Nomura ICG, commented: “The successful first
close of Nomura ICG’s Japan mezzanine fund shows that there is real appetite from
institutional investors for this type of portfolio diversification, and exposure to this level of
credit investing. The Fund is currently deploying capital on target and Nomura ICG continues
to offer mezzanine investment opportunities to investors.”
Kentaro Okuda, Global Head of Investment Banking at Nomura commented: “We are pleased
that Nomura ICG’s fund has successfully completed its first close with the commitment of
many institutional investors. This highlights the ongoing expansion and increased demand for
Japanese mezzanine investing. Nomura and ICG will meet the demand of investors for
middle risk, middle return credit investment and the financing requirements of sponsors and
companies through Nomura ICG. Nomura is committed to continue supporting Nomura ICG
to develop the mezzanine market in Japan.”
Christophe Evain, CEO, ICG commented: “The first close of the Nomura ICG Japanese
mezzanine fund is evidence of the demand from Japanese investors for the returns which can
be produced from investing in the mezzanine asset class in Japan. We believe that Japan
continues to offer investors a wealth of opportunities, and ICG is committed to support
Nomura ICG in developing the mezzanine market in Japan.”
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