NXT Capital Venture Finance backs MyBuys

NXT Capital’s venture finance group has closed a $4.5 million subordinated venture loan to MyBuys, a provider of marketing solutions for retailers, e-commerce sites, brands and agencies. MyBuys will use the capital to drive further expansion initiatives.

NXT Capital Closes $783 Million Leveraged Loan Fund

NXT Capital has closed the NXT Capital Senior Loan Fund II, a $783 million 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, 2nd lien, term over revolver and last-out term loans made primarily to private equity-sponsored middle market companies in a wide range of industries.

NXT Capital Invests in Maxymiser

NXT Capital’s Venture Finance Group has closed growth financing facilities for Maxymiser, a provider of digital customer experience optimization solutions. These facilities will allow Maxymiser to further accelerate its remarkable revenue growth to date and capitalize on additional strategic growth opportunities.

NXT Capital Closes CLO

NXT Capital has closed NXT Capital CLO 2013-1, a $358 million CLO. The financing, NXT’s second CLO in less than a year, is secured almost exclusively by middle-market senior secured loans originated by NXT and has a three-year reinvestment period.

Allen Joins Freeport Financial

Freeport Financial, which is backed by Moelis & Co., has appointed David Allen an MD focused on healthcare sector investors. Allen joins from NXT Capital where was also an MD responsible for healthcare investments.

Telligent Raises $5m from NXT Capital

NXT Capital’s Venture Finance Group has announced the closing of a $5 million venture loan to Telligent, a provider of social community software for the enterprise. Telligent will use proceeds from this facility for growth.

NXT Capital Backs Lineage Capital’s Halco Lighting Recap

NXT Capital has provided a $21.5 million senior secured credit facility to fund Lineage Capital’s recapitalization of Halco Lighting Technologies. Founded in 1974 and headquartered in Atlanta, Halco Lighting Technologies is a leading manufacturer and supplier of a full line of lamps and ballasts for the commercial, industrial, residential and specialty lighting markets.

NXT Capital Backs Clinipace Worldwide’s Acquisition of Paragon Biomedical

NXT Capital’s venture finance group has provided financing to support Clinipace Worldwide’s acquisition of Paragon Biomedical. Digital contract research organization Clinipace is headquartered in Morrisville, North Carolina and is backed by Morgan Stanley Expansion Capital, Hatteras Venture Partners, Brooke Private Equity, Osage Venture Partners and Mario Family Partners.

NXT Capital and SVB Provide Loan Package to Cayenne Medical

NXT Capital’s Venture Finance Group has closed a $8.0 million venture loan package for Cayenne Medical. Silicon Valley Bank has also backed the business and the facility will be used to strengthen Cayenne’s balance sheet and further the growth of existing products. Based in Scottsdale, Arizona, Cayenne Medical is a privately held medical device company […]

NXT Capital Boosts Debt Financing Capacity

NXT Capital has increased its total debt financing capacity to $1.6 billion and expanded its senior secured revolving credit facility from $650 million to $740 million. NXT Capital provides structured financing solutions to middle-market and emerging growth companies and real estate investors through its corporate finance, real estate finance and venture finance groups. The business […]

NXT Capital Backs Electronics Sustainability Firm ReCellular

NXT Capital’s venture finance group has provided a multi-million dollar subordinated venture loan to electronics sustainability firm ReCellular. ReCellular has offices in the United States and Hong Kong. PRESS RELEASE NXT Capital’s Venture Finance Group today announced that it has provided a multi-million dollar subordinated venture loan to ReCellular, Inc. This minimally dilutive facility, which […]

NXT Capital Backs PNC RiverArch Capital’s Acquisition of Waffle Mix Busines

NXT Capital has provided a $52.8 million senior secured facility to finance PNC RiverArch Capital’s acquisition of New Carbon Company. South Bend, Indiana-based New Carbon Company is a provider of waffle mix to restaurants, hotels, resorts and colleges and universities, serving over 40,000 customer locations across the U.S. PRESS RELEASE NXT Capital today announced that […]

BoxTone Gets Venture Loan for Growth Initiatives

BoxTone, a provider of enterprise mobility management solutions has secured a $4 million venture loan from NXT Capital’s Venture Finance Group. The facility will enable BoxTone to finance key growth initiatives. Based in Chicago, NXT Capital targets senior financing opportunities up to $150 million with a hold size up to $50 million. PRESS RELEASE NXT […]

NXT Capital Brings on Anurag Chandra as Managing Director

NXT Capital, a Chicago-based investment firm focused on middle-marketing and emerging growth companies,  has hired Anurag Chandra as a managing director, focused on opportunities in the tech sector. Chandra was most recently a managing partner at Gresham Partners in Atherton, Calif. PRESS RELEASE: NXT Capital (www.nxtcapital.com) today announced that Anurag Chandra has joined NXT Capital […]

NXT Capital Launches Venture Finance Biz

Chicago-based NXT Capital has launched a venture financing business, NXT Capital Venture Finance, which will provide senior and subordinated term loans of up to $20 million. Jan Haas, former president of Velocity Financial Group, will lead the effort.

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