Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

13137

NXT Capital closes USD783m leveraged loan fund

RELATED TOPICS​

NXT Capital has closed the NXT Capital Senior Loan Fund II, a USD783m leveraged loan fund that will invest in senior debt transactions originated and underwritten by NXT Capital’s corporate finance group.

 
These include senior secured, stretch senior, unitranche, second lien, term over revolver and last-out term loans made primarily to private equity-sponsored middle market companies in a wide range of industries.
 
Senior Loan Fund II represents a substantial expansion of the corporate finance group’s existing USD1.5bn asset management platform and further extends the company’s ability to serve its middle market client base. The fund received equity commitments from nine institutional investors, including pension plans, insurance companies and foundations. In addition, Wells Fargo Bank provided a USD500m term loan commitment to the fund.
 
“The successful close of NXT Capital Senior Loan Fund II represents a strong endorsement of NXT Capital’s expertise in middle market leveraged lending and our track record as an asset manager,” says Robert Radway (pictured), NXT’s chairman and chief executive. “We appreciate investors’ vote of confidence in our team and the attractiveness of this investment opportunity.”
 
“The addition of Senior Loan Fund II to our existing asset management platform further solidifies NXT’s position as a leader in the middle market space,” says John Finnerty, head of NXT Capital’s corporate finance group.

Latest News

MainStreet Partners has released its latest quarterly GSS Bonds report “Summer Edition”. This edition of..
Pension and insurance firms have backed a public-private blended finance model to help navigate investment..
MSCI has announced the launch of MSCI Private Capital Indexes, writing that with growing investor..

Related Articles

Rod Ringrow, Invesco
Geopolitical tension has surpassed inflation as the primary concern of sovereign investors and is prompting greater interest in allocating to emerging markets, according to the twelfth annual Invesco Global Sovereign Asset Management Study...
Geopolitical tension has surpassed inflation as the primary concern of sovereign investors and is prompting greater interest in allocating to..
Green energy
2024 has been the strongest ever year for green bond sales, with deals topping USD356 billion in the first six months, according to research from Bloomberg...
2024 has been the strongest ever year for green bond sales, with deals topping USD356 billion in the first six..
infrastructure headline
The new Labour government has launched a GBP7.3 billion National Wealth Fund which will target private capital to support the UK’s growth ambitions...
The new Labour government has launched a GBP7.3 billion National Wealth Fund which will target private capital to support the..
Tom McPhail, lang cat
Today’s news of a landslide victory from the UK’s Labour party, finds that the markets had mostly factored in a widely predicted Labour win...
Today’s news of a landslide victory from the UK’s Labour party, finds that the markets had mostly factored in a..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by