NXT Capital is celebrating a decade of providing structured financing solutions to the middle market and investment opportunities in this asset class to institutional investors.
Since its 2010 founding by former leaders of Merrill Lynch Capital and Heller Financial, NXT has closed more than 740 transactions that represent over $25 billion of originations.
The company has also created a robust asset management platform with more than $11 billion of capital under management. NXT was acquired by ORIX USA in 2018.
“I’m very proud of NXT Capital’s growth into a market leader,” said Robert Radway, chairman and CEO. “We hit the ground running in 2010, thanks to a team that had extensive experience working together. This helped us to quickly establish an effective direct origination capability and strong deal execution designed to take advantage of opportunities in an evolving market.”
In the last 10 years, NXT’s outreach and education efforts have built a management platform that includes levered and unlevered funds, separately managed accounts and CLOs. Today, NXT Capital has $11.3 billion of capital across 19 programs. Investors include public and private pensions, endowments and foundations, insurance companies and asset managers.
“Investors have become increasingly sophisticated in evaluating potential middle-market managers and the asset class,” said Radway. “We are grateful to have had many repeat investors and to see new investors recognize the value of our business.”
Radway credits a broad team for NXT’s successful first decade. “We have an outstanding group of dedicated professionals whose commitment makes a difference every day,” he said. “We look forward to working together to serve our many clients and build on NXT Capital’s growth and success.”