Lender NXT Clinches $850M In Equity Capital

Law360, New York (October 25, 2011, 2:34 PM EDT) -- Middle-market commercial lender NXT Capital LLC has attracted an additional $318 million in contributions from new and existing private equity investors, giving it roughly $850 million in capital for expanded senior financing plays, the Chicago-based firm said Tuesday.

NXT Capital garnered new equity commitments from seven new institutional investors like Credit Suisse Group AG and Oak Hill Investment Management that complement a $125 million follow-on investment by a unit of the Ontario Teachers’ Pension Plan —  positioning the structured finance startup for a big lending push,...
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