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.
ORIX USA completed its acquisition of NXT Capital. The acquisition combines ORIX USA’s financial strength with NXT Capital’s proven ability to provide structured financing in the U.S. middle market.
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.
Aflac, a provider of voluntary insurance at the worksite, reached an agreement with NXT Capital to manage Aflac’s new portfolio, which will focus on investments related to middle-market private debt.
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.