NXT Capital Continues to Build Direct Originations Team

NXT Capital Continues to Build Direct Originations Team

nxt nfNXT Capital has expanded its Direct Originations Team with the hiring’s of Doug Vitek, John Mills and Daniel Green. This brings to six the number of professionals added to the Direct Originations Team by NXT in the past two months. In September, NXT hired David Gozdecki, James Clifton and Jeffrey Kurtzweil (NXT Capital Expands Direct Originations Team).

The Direct Originations Team, led by Richard Rodgers, sources senior secured, stretch, unitranche and 2nd lien cash flow financings for non-sponsored middle market companies across the US that have from$5 million to $75 million of EBITDA.

“I’m very pleased to add more talented professionals to NXT Capital’s Direct Originations Team,” said John Finnerty, Group Head, Corporate Finance. “Doug, John and Dan bring significant experience and relationships that will further NXT Capital’s ability to provide responsive service, creative structures and significant hold sizes to middle market companies.”

Mr. Vitek was most recently a Senior Vice President for Minneapolis-based investment banking firm Dougherty & Company, where he provided commercial lending expertise to middle market clients. Mr. Mills joins NXT Capital from JPMorgan Chase Bank’s Middle Market Banking group, where he was responsible for managing commercial banking activities in the greater Kansas City region. Mr. Green was most recently an Assistant Vice President in GE Antares Capital Corporation’s Senior Secured Loan Program.

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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 targets senior financing opportunities up to $150 million with a hold size up to $50 million. 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, Kansas City, Minneapolis/St. Paul, Phoenix, San Francisco and Silicon Valley (www.nxtcapital.com).

© 2013 PEPD • Private Equity’s Leading News Magazine • 11-14-13

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