Nomura Plans Private Buyout Fund for Rich Investors in Japan

Nomura Holdings Inc. plans to offer a private buyout fund to rich investors in Japan as part of Chief Executive Officer Kentaro Okuda’s strategy to expand beyond traditional asset markets.

The firm’s flagship Nomura Securities Co. will make the fund available from Monday for so-called specified investors, including wealthy individuals who are deemed to be more sophisticated than regular retail investors, Japan’s largest brokerage said. A third-party asset management firm will operate the fund that will place bets mainly on local unlisted firms.

“We believe there’ll be around 13 trillion yen ($87 billion) worth of potential demand from Japanese ...