0001752724-23-130830.txt : 20230614 0001752724-23-130830.hdr.sgml : 20230614 20230613183134 ACCESSION NUMBER: 0001752724-23-130830 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230331 FILED AS OF DATE: 20230614 DATE AS OF CHANGE: 20230613 EFFECTIVENESS DATE: 20230614 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Nomura Alternative Income Fund CENTRAL INDEX KEY: 0001944664 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-23826 FILM NUMBER: 231012513 BUSINESS ADDRESS: STREET 1: 225 PICTORIA DRIVE SUITE 450 CITY: CINCINNATI STATE: OH ZIP: 45246 BUSINESS PHONE: 2126679131 MAIL ADDRESS: STREET 1: 225 PICTORIA DRIVE SUITE 450 CITY: CINCINNATI STATE: OH ZIP: 45246 N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0001944664 XXXXXXXX 811-23826 false false false N-2 Nomura Alternative Income Fund 811-23826 0001944664 549300A59FYTUHL9TJ86 225 Pictoria Drive Suite 450 CINCINNATI 45246 US-OH US 212-6679131 Foreside Financial Services, LLC Three Canal Plaza Suite 100 Portland 04101 207-533-7111 Books and records related to distribution services U.S. Bank, N.A. 1555 N. Rivercenter Drive Suite 302 Milwaukee 53212 215-761-9381 Books and records related to custody services Ultimus Fund Solutions, LLC 225 Pictoria Drive Suite 450 Cincinnati 45246 513-587-3400 Books and records related to transfer agent, fund accounting and fund administration services Nomura Private Capital LLC 309 West 49th Street 24th Floor New York 10019 212-667-9000 Books and records related to adviser services Y N N N-2 Y David Brigstocke N/A N Robert Stark 006432041 Y Katherine Q. Rosa 002709204 N Michael Falcon 004657609 N Alexander Woodcock N/A 501 S Cherry Street Suite 610 Denver 80246 XXXXXX N N N N N N N Foreside Financial Services LLC 8-68027 000148477 N/A N N Cohen & Company, LTD 925 N/A N N N N N N N Nomura Alternative Income Fund 549300A59FYTUHL9TJ86 Y 3 0 0 Interval Fund Y N N N N/A 0.00000000 0.00000000 Rule 32a-4 (17 CFR 270.32a-4) Rule 18f-4 (17 CFR 270.18f-4) Rule 18f-4(e) (17 CFR 270.18f-4(e)) Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4)) Y Y Y N Nomura Private Capital LLC 801-127179 000324417 254900AOIYNFOXSU2A77 2023-02-13 Ultimus Fund Solutions LLC 084-05829 N/A N N N INTERCONTINENTAL EXCHANGE, INC. 5493000F4ZO33MV32P92 N N U.S. Bank, N.A. 5493001WC5CQQI9L9G80 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Ultimus Fund Solutions LLC 084-05829 SEC Filing Number N N N Ultimus Fund Solutions LLC 084-05829 SEC Filing Number N N N Nomura Securities International 8-15255 000004297 OXTKY6Q8X53C9ILVV871 0 0 Brean Capital LLC 8-40742 000023723 254900ZZA1UBVDCNQ378 137377567.32 137377567.32 N 100273831.71 Common stock Class A Shares Common stock Class D Shares Common stock Class I Shares N N N N N N 0.95 1.20 N/A 10.04000000 false false true false false true ADVISORY CONTRACTS 2 nomura_ncen.htm

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders and Board of Trustees of

Nomura Alternative Income Fund

In planning and performing our audit of the financial statements of Nomura Alternative Income Fund (the “Fund”) as of and for the period February 10, 2023 (commencement of operations) through March 31, 2023, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Fund’s internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles (GAAP). A fund’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and trustees of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a fund’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Fund’s annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Fund’s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Fund’s internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of March 31, 2023.

This report is intended solely for the information and use of management and the Board of Trustees of the Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

COHEN & COMPANY, LTD.

Philadelphia, Pennsylvania

May 30, 2023