Daily News: November 13, 2013

NXT Capital Builds Direct Originations Capacity with New Hires

NXT Capital announced that it expanded its Direct Originations team by hiring Doug Vitek, John Mills and Daniel Green.

Vitek was most recently an SVP for Minneapolis-based investment banking firm Dougherty & Company, where he provided commercial lending expertise to middle-market clients.

Mills joins NXT Capital from JPMorgan Chase Bank’s Middle Market Banking group, where he was responsible for managing commercial banking activities in the greater Kansas City region.

Green was most recently an assistant VP in GE Antares Capital’s senior secured loan program.

Under the leadership of Richard Rodgers, NXT Capital’s Direct Originations team sources senior secured, stretch, unitranche and second lien cash-flow solutions for non-sponsored middle market companies across the United States. The new team members further strengthen NXT Capital’s ability to support middle-market companies, investment banks, intermediaries, advisors and others.

NXT Capital’s Direct Originations team serves middle-market companies with stable cash-flows, experienced management teams and $5 million to $75 million of EBITDA.

“I’m very pleased to add more talented professionals to NXT Capital’s Direct Originations Team,” said John Finnerty, group head, Corporate Finance. “Doug, John and Dan bring significant experience and relationships that will further NXT Capital’s ability to provide responsive service, creative structures and significant hold sizes to middle market companies.”