NXT Capital has hired Cary Verasco as a Director in the firm’s Corporate Finance Group. He will be responsible for originating senior secured credit facilities for private equity sponsors and middle market companies in the Northeast United States.
Mr. Verasco joins NXT Capital from Jefferies where he was most recently a Senior Vice President in the Financial Sponsors Group and served as the coverage officer for a number of private equity clients. Prior to that, he held a number of other positions at Jefferies including Vice President in the Financial Sponsors Group, and Vice President in the Leveraged Finance Group.
“We’re excited to have a professional of Cary’s caliber join NXT Capital,” said John Finnerty, Group Head, Corporate Finance. “Cary’s expertise is a valuable addition to NXT’s ongoing efforts to serve sponsors and middle market companies across the country.”
“I’m excited to join a company with such a strong commercial finance platform,” said Mr. Verasco. “NXT’s financing solutions and flexibility make it an outstanding resource for sponsors. I look forward to working with NXT to expand and deepen relationships.”
NXT Capital provides structured financing – including senior revolvers and term loans, senior stretch, 2nd Lien term loans, and equity co-investments – of up to $150 million with a hold size of up to $50 million to middle-market companies with EBITDA between $5 million and $75 million. The firm is based in Chicago with offices in Atlanta, Dallas, Los Angeles, Nashville, New York and Phoenix (www.nxtcapital.com).
© 2017 Private Equity Professional | June 13, 2017
