NXT Capital Launches Direct Originations Team

NXT Capital Launches Direct Originations Team

nxt nfNXT Capital’s Corporate Finance Group has formed a Direct Originations Team focused on sourcing senior secured, stretch, unitranche and 2nd lien cash flow solutions for non-sponsored middle market companies across the United States.

The Direct Originations Team will be led by Richard Rodgers, an industry veteran with more than 28 years of experience. Mr. Rodgers was most recently a Managing Director of the Central Region for GE Capital’s Corporate Lending Group, where he managed originations over a 10-state territory.

“We’re excited to have such an experienced professional join NXT Capital and lead the Direct Originations Team,” said John Finnerty, Group Head, Corporate Finance. “Rich’s expertise will help us offer non-sponsored companies the speed, reliability, creative structures and significant hold sizes for which NXT Capital is known.”

NXT Capital’s Direct Originations Team will serve middle market companies with $5 million to $75 million of EBITDA. NXT Capital underwrites transactions up to $150 million in size with a hold of up to $50 million.

“NXT Capital is an outstanding company with a well established reputation for client focus, flexibility and reliability,” said Mr. Rodgers. “I’m excited about building a team that will expand NXT’s origination platform and deliver creative financing solutions to a broader cross-section of middle market companies nationwide.”

NXT Capital provides structured financing to middle-market and growth companies through its Corporate Finance, Equipment Finance, Real Estate Finance and Venture Finance groups, originating transactions directly on a national basis. NXT Capital is led by former principals of Merrill Lynch Capital and was formed in 2010 by Stone Point Capital and the founding management team. The firm is based in Chicago with offices in New York, Atlanta, Boston, Charlotte, Dallas, Phoenix, San Francisco and Silicon Valley (www.nxtcapital.com).

© 2013 PEPD • Private Equity’s Leading News Magazine • 8-5-13

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