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.
NXT Capital announced that it expanded its Direct Originations team by hiring Doug Vitek, John Mills and Daniel Green.
NXT Capital announced that its Equipment Finance Group closed a senior secured credit facility with BMO Financial Group and Key Equipment Finance.
NXT Capital announced the expansion of its new Direct Originations Team with the hiring of David Gozdecki, James Clifton and Jeffrey Kurtzweil. All three previously served with GE Capital.
ABF Journal contributing editor Howard Brod Brownstein spends time with Robert Radway, chairman and CEO of NXT Capital, to discuss how the company has developed since its 2010 launch, including closing more than 232 deals totaling $5.3 billion in commitments through June 2013.
NXT Capital said it has provided $20 million in senior secured financing to recapitalize 1-800-Radiator & A/C, a distributor of aftermarket automotive heating and cooling parts.
NXT Capital said its Corporate Finance Group has formed a Direct Originations Team. Richard Rodgers, who was most recently a managing director of the Central Region for GE Capital’s Corporate Lending Group, will lead the team.
NXT Capital announced the closing of NXT Capital Senior Loan Fund II, a $783 million leveraged loan fund that will invest in senior debt transactions originated and underwritten by NXT Capital’s Corporate Finance Group.
NXT Capital said it hired Stuart Smartt as managing director, head of Healthcare, for the Corporate Finance Group. He joins NXT Capital from CIT, where he was a director in the company’s Healthcare group.
NXT Capital’s Venture Finance Group closed a $4.5 million venture loan to Vantrix, a provider of message and video bandwidth optimization solutions for carriers, ISPs and enterprises.
NXT Capital said it has provided a $63.3 million senior secured facility to support the recapitalization of ROM Corporation, a Century Park Capital Partners portfolio company.