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.
NXT Capital (www.nxtcapital.com) today announced that Anurag Chandra has joined NXT Capital Venture Finance as a Managing Director. Based in NXT Capital’s Silicon Valley office, Chandra will focus on identifying investment opportunities in the technology sector and expanding NXT Capital’s presence in the West Coast entrepreneurial community.
“I’m delighted to welcome a professional of Anurag’s caliber to our team,” said Jan Haas, head of NXT Capital’s Venture Finance group. “Anurag has been an active member of the Silicon Valley community for many years as a successful entrepreneur, investor and advisor. His addition to the team is further evidence of our strong and growing commitment to Silicon Valley.”
“I’m excited to join NXT Capital Venture Finance and help build this dynamic new platform,” said Chandra. “I’ve known this team for many years and have always respected their outstanding reputation within the venture capital community, especially among investors and management teams.”
Chandra was most recently Managing Partner of Atherton, California-based Gresham Partners, where he advised early stage to mid-market technology companies seeking operational scale. He helped secure equity and debt financings and worked with management to implement business development and sales acceleration strategies. While at Gresham, Chandra also advised several funds on fundraising, fund management, deal flow and risk management.
Prior to that, Chandra served as Managing Director at the Galleon Crossover Fund, where he focused on late-stage equity investments in pre-IPO companies, and at Lighthouse Capital Partners, where he led investments in more than 40 companies and played a key role in managing a $366 million early- and late-stage venture debt fund.
Chandra’s experience also includes executive positions in technology startups. He served as Vice President of Business and Corporate Development for Intraspect Software, Inc. and Vice President of Finance and Operations for NetDialog, Inc., both of which were acquired by public companies.
Selected as one of The San Jose Business Journal’s “Top 40 Under 40” in 2005, Chandra received a B.A. with honors in Economics and Political Science from Stanford University and a J.D. from Loyola Law School. Among other activities, he has been a lecturer at the Stanford University Graduate School of Business and serves on the board of directors of the Menlo-Atherton Little League.
NXT Capital Venture Finance is committed to serving entrepreneurs by providing less dilutive, more flexible forms of capital. With offices in Boston and Silicon Valley, NXT Capital Venture Finance provides senior and subordinated term loans in the $1 to $20 million range to emerging growth and lower middle-market companies backed by venture capital and private equity firms, particularly those in the technology and life science sectors. Target clients range from pre-revenue companies led by dedicated entrepreneurs to late-stage, proven businesses seeking more efficient growth capital. For more information, see www.nxtcapital.com/venture-finance.
NXT Capital provides structured financing solutions to middle-market and emerging growth companies, as well as real estate investors, through its Corporate Finance, Venture Finance and Real Estate Finance groups. Based in Chicago with offices in New York, Atlanta, Boston, Dallas, Newport Beach and Silicon Valley, NXT Capital targets senior financing opportunities of up to $150 million with a hold size up to $50 million. See www.nxtcapital.com for more information.