Nomura Investment Management Business Trust

The trust operates under the broader Nomura Investment Management division, which is headed by senior executives of Nomura Holdings. Specific portfolio managers for the trust are not named in public sources. The division is led by Nomura Holdings' President and Group CEO Kentaro Okuda, per the firm's official filings.

The trust leverages Nomura Holdings' broader platform, including its investment banking, brokerage, and research divisions, to source investment opportunities. This integrated model provides access to Japanese and Asia-Pacific deal flow, particularly in infrastructure and real estate, where Nomura's advisory and underwriting arms generate proprietary pipeline.

The entity is a traditional institutional asset manager, not a family office. It operates as a business trust under Japanese law, managing capital for third-party institutional clients including pension funds, insurance companies, and sovereign wealth funds. It is part of Nomura Holdings, a publicly traded financial services group.

The trust engages in both direct investments and fund commitments, depending on the strategy. For private credit and real estate, it has been known to invest through commingled vehicles and separate accounts. Infrastructure investments may also include direct equity stakes in projects, often alongside Nomura's own balance sheet.

The firm has not publicly disclosed any specific exclusionary sectors. Based on its known focus areas, it does not typically invest in venture-stage technology, life sciences, or early-stage startups, given its institutional mandate for more liquid or income-generating assets like credit and real assets.

The trust manages third-party institutional capital, not the wealth of a single family or individual. Its clients include Japanese and international pension funds, insurance companies, and other institutional allocators. The underlying wealth is therefore the aggregate of these institutional pools.

Nomura Holdings operates the Nomura Foundation, a separate philanthropic entity that supports cultural, educational, and social initiatives. That foundation is independent of the Investment Management Business Trust and does not commingle assets with the institutional investment vehicles.