Dechert Reps NXT On $783M Private Equity Loan Fund Closing

Law360, New York (July 31, 2013, 2:24 PM EDT) -- Commercial lender NXT Capital LLC, which provides capital to portfolio companies of private equity firms and real estate developers, among others, has raised $783 million for its second senior loan fund, Chicago-based NXT announced Wednesday.

The fund, NXT Capital Senior Loan Fund II LP, will invest in senior debt transactions originated and underwritten by NXT's corporate finance group. The fund will complement the existing asset management base of the corporate finance group, which has roughly $1.5 billion in capital commitments.

Nine institutional investors, including pension funds,...
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