Nomura Alternative Income Fund is a non-diversified, closed-end interval fund registered under the Investment Company Act, organized as a Delaware statutory trust. The Fund seeks to maximize risk-adjusted total return with current income as a secondary objective by investing across global public and private credit markets through direct investments and underlying funds. Allocations are primarily focused on private corporate, real estate, consumer, asset based, and specialty lending markets, with additional allocations to small and middle-market companies, publicly traded equity, emerging market debt, and municipal credit. The Fund operates as an interval fund with quarterly repurchase offers of 5-25% of outstanding shares.