Daily News: September 10, 2012

NXT Capital Venture Finance Secures $500MM in Committed Capital


NXT Capital Venture Finance announced that it has secured more than $500 million in committed capital. A provider of venture loans to emerging growth companies in the technology and life sciences sectors, NXT Venture Finance anticipates that this stable, long-term capital base will allow it to be a consistent, prolific provider of financing in the coming years.

The debt financing was provided by various institutional sources and the equity financing was provided by NXT Capital.

Formed in October 2011, NXT Capital Venture Finance has provided venture loans to notable companies including Boxtone, Cayenne Medical, GreatCall, SkyCross and TradeKing.

“An uncertain IPO window, longer exits and other pressures are increasing demand for alternative sources of capital,” said Jan Haas, group head, NXT Venture Finance. “This significant additional funding will allow NXT Venture Finance to provide less-dilutive, more flexible funds to help emerging growth companies succeed.”

“NXT Capital Venture Finance has demonstrated outstanding potential,” said Robert Radway, NXT’s chairman and CEO. “This substantial, stable base of committed capital will drive further growth and success.”

NXT Capital provides structured financing solutions to middle-market and emerging growth companies, as well as real estate investors, through its Corporate Finance, Venture Finance and Real Estate Finance groups.