Nomura has committed $150m (£133.9m) to a US senior direct lending fund managed by Park Square Capital, as part of a strategic partnership between the two firms.
Both firms announced the US private credit alliance today (14 November), under which the Japanese financial services group will serve as an anchor investor in Park Square’s US loan partners fund, which focuses on mid-market senior secured lending.
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The strategic partnership also gives Park Square access to unitranche private credit opportunities sourced through Nomura’s US investment banking division, including its differentiated acquisition, leveraged finance and advisory businesses.
“This will enhance Park Square’s underwriting capabilities, enabling the firm to provide full financing solutions for larger transactions, while also creating compelling co-investment opportunities for limited partners,” the firms said.
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“As private credit continues to reshape the financing landscape, direct lending has become an increasingly vital funding source for our clients,” said Tsutomu Takemura, global head of investment banking at Nomura. “Through this alliance, we have successfully broadened our footprint, leveraging Park Square’s deep direct lending expertise alongside Nomura’s global scale and wide product offering.”
“We are excited to partner with Nomura in the US, a core market and key strategic priority across our global private credit business,” said Osvaldo Pereira, head of direct lending at Park Square. “Nomura’s underwriting capabilities and strong sponsor relationships complement the deep origination network Park Square has built over the last decade in the US.”
