NXT Capital Closes $415MM Fund Focused on Middle-Market Lending

NXT Capital closed on approximately $415 million in equity capital, above its original $350 million target, for NXT Capital Senior Loan Fund V, LP. Wells Fargo serves as administrative agent for Fund V’s syndicated credit facility.

Keeping it Under Control: Robert Radway and NXT Capital Keep a Tight Rein on the Finance Business

Robert Radway worked for some of the largest companies in the commercial finance business including The Finova Group and Heller Financial. He founded Merrill Lynch Capital only to see it sold off to GE Capital after the mortgage crisis hit. Determined to take a different path, he built a team of co-workers from his past employers and started NXT Capital, a small company with a large vision that he could more easily control.

NXT Capital Supports Oliver Printing Acquisition of Pohlig Packaging

NXT Capital provided a senior secured credit facility to support Oliver Printing & Packaging’s acquisition of Pohlig Packaging.

NXT Capital, Barings Support Ridgemont Acquisition of HemaSource

Barings served as joint lead arranger and NXT Capital was administrative agent for a senior credit facility supporting Ridgemont Equity Partners’ acquisition of HemaSource.

Miazga Joins NXT Capital as MD, West Region

Brian Miazga joined NXT Capital Corporate Finance as managing director, West Region. His responsibilities include new business originations, including structuring, underwriting and closing transactions.

NXT Capital Provides $42MM To Support Aakash Chemicals Refi

NXT Capital provided a $42 million senior secured credit facility to support the refinancing of Aakash Chemicals and Dye-Stuffs, a portfolio company of CenterOak Partners.

Verasco Joins NXT Capital Corporate Finance Group

Cary Verasco joined NXT Capital’s Corporate Finance Group as director, Northeast region.

NXT Capital Agents $116MM Facility to Support LKCM Headwater Acquisition

NXT Capital provided a $116 million senior secured credit facility to support LKCM Headwater Investments’ acquisition of TestEquity.

NXT Capital Arranges Financing to Support Resource Label Acquisition

NXT Capital provided a $29 million incremental senior secured credit facility to support Resource Label Group’s add-on acquisition of Gintzler International. Resource Label is a portfolio company of First Atlantic Capital.

RBC, SunTrust Lead $75MM NXT Capital Upsize

NXT Capital increased its senior secured term and revolving loan facility from $350 million to $425 million. Royal Bank of Canada and SunTrust Robinson Humphrey served as joint lead arrangers and bookrunners.