The investment follows Nomura's approval as a Qualified Foreign Limited Partner (QFLP) by the Shanghai municipal government.
Nomura will participate as a limited partner in the fund which is managed by Jiu You Equity Investment Management LLP, a fund management firm that invests in the high tech and biopharmaceutical industries.
As the first foreign investment bank to enter the Chinese mainland back in 1982, Nomura has a long-standing commitment to China. The investment positions Nomura to enhance its local business platform and contribute to the further advancement of industry and the capital markets in China.
QFLP pilot programs are currently run by a number of China's major cites, including Shanghai. The Shanghai program allows approved foreign investors to convert foreign currency into yuan and directly invest in private equity funds based in Shanghai. Nomura was the first Japanese financial institution to qualify for the program.