Nomura, SPARX to help individuals invest in unlisted companies
Bloomberg
Nomura Holdings and Tokyo-based asset manager SPARX Group Co. have formed a strategic alliance to establish a listed fund vehicle structured to allow individual investors to make investments in unlisted companies.
Nomura and SPARX will establish an asset management joint venture, Nomura SPARX Investment, with respective stakes of 51% and 49%, according to a news release.
Nomura SPARX will set up an investment corporation, effectively a fund, to invest in unlisted companies and after an initial investment period the investment corporation will be listed on the Tokyo Stock Exchange s Venture Funds Market, a Nomura spokeswoman said.
Nomura, Sparx Form Company to Invest in Unlisted Firms themiddlemarket.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themiddlemarket.com Daily Mail and Mail on Sunday newspapers.
Nomura, Sparx to Form Company to Invest in Unlisted Firms
By
January 14, 2021
A sign for The Nomura Holdings Inc. is displayed outside a Nomura Securities Co. branch in Tokyo, Japan, on Tuesday, April 23, 2019. Nomura is scheduled to release its full-year earnings on April 25. Photographer: Toru Hanai/Bloomberg
(Bloomberg) Nomura Holdings Inc. is teaming up with Japanese asset manager Sparx Group Co. to form a company that will invest in unlisted companies.
The move is part of Nomura’s efforts to do more business in private markets, where it sees potential for growth. It will also give individuals more opportunities to invest in unlisted firms, Nomura said in a statement on Thursday.