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.

North East Dental Buys Dental Associates of Northern Va.

NXT Capital said Monday that it has provided a $61 million senior secured credit facility to back North East Dental Management’s buy of Dental Associates of Northern Virginia. NXT Capital acted as joint lead arranger and administrative agent for the transaction. DFW Capital Partners, a Teaneck, N.J.-based PE firm, owns North East Dental.

Are CLOs Back? Chicago Debt Shop May Try One

Startup lender NXT Capital LLC may try this summer to float a collateralized loan obligation, taking advantage of a leveraged loan market that continues to strengthen. “It’s our expectation that the market will continue improving this year, with issuers coming back with the expectation of CLOs permanently funding their assets,” said Robert Radway, NXT Capital’s […]

NXT Capital Adds $75 Million For Middle-Market Financing

Middle-market commercial finance company NXT Capital has added $50 million from private equity firm Stone Point Capital, and $25 million from an undisclosed U.S. corporate pension fund, bringing its total capitalization to roughly $530 million. Chicago-based NXT Capital was formed earlier this year by the Greenwich, Conn.-based Stone Point Capital, and by former principals of Merrill Lynch Capital.

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