Nomura Private Capital (NPC) is an asset manager that helps clients navigate and unlock value across the global credit markets.

The global credit markets – especially on the private side – create new possibilities for investors and their portfolios. Although these markets are ripe with opportunity, they have historically been considered opaque and have operated beyond the reach of the vast majority of investors. 

To navigate the complex – but compelling – world of private credit markets, financial advisors want a trusted guide and partner in pursuit of income and returns. They want a team with decades of expertise and experience in the global credit markets that can deliver differentiated outcomes.

At NPC, we are leading Nomura’s long-term expansion into the private markets by delivering targeted investment strategies that allow financial advisors and their clients to unlock distinct value. We bring the same commitment to quality and innovation for which Nomura as a century-old institution is rightly renowned.

Known for our deep sector expertise and our entrepreneurial spirit, NPC guides financial advisors and their clients along the journey of investing across the private and public credit markets.

What We Stand For






Our Heritage

Nomura Private Capital is a wholly owned subsidiary of Nomura Holdings, Inc., the Japanese public company founded in 1925. 

Nomura is a global financial services group with an integrated network spanning over 30 countries and regions. By connecting markets East & West, Nomura service’s the needs of individuals, institutions, corporates and governments through three business divisions: Retail, Investment Management and Wholesale (Global Markets and Investment Banking).

Meet Our People

Our Team

Robert Stark

Chief Executive Officer

Matthew Pallai

Chief Investment Officer

Matthew Nelson

Chief Operating Officer

Brent Pasternack

Head of Private Credit Manager Research

Matthew Rowe

Head of Cross Asset Strategies and Senior Portfolio Manager

Steven Schlow

Head of Intermediary Distribution

Joseph Felicitato

Director of Investment Operations and Platform Strategy

Evelyn Pepi

Executive Assistant

Sam Takowsky

Vice President and Regional Consultant

Elaina Gabriele

Head of Project Management

Lily Scanlan

Junior Portfolio Manager

Jenny Wang

Private Credit Research Associate

Aaron Russo, CIMA

Executive Director

Stefan Dullinger

Operations Team Associate

Maclain Mills

Vice President and Regional Consultant

Matt Krasik

Operations Team Associate

Tyler Anthony, CFA, CAIA

Regional Director

Steve Kavulich

Head of Opportunistic Private Credit

Will Chen, Ph.D.

Quantitative Researcher of Cross Asset Strategies


We are always looking for experts in our field with a strong entrepreneurial spirit to join our team. At NPC, we offer competitive benefits to attract industry professionals with deep industry knowledge and impressive track records across the asset management landscape.