NXT Capital is a commercial finance company focused on serving the needs of middle-market corporate and commercial real estate sponsors.
Through its own balance sheet and capital provided by asset management clients, NXT directly originates, underwrites and invests in senior, unitranche and subordinated fixed income credit.
INDUSTRY KNOWLEDGE & NETWORK
During the commercial finance industry dislocation caused by the ’08-’09 Financial Crisis, Stone Point proactively engaged with a large number of established firms and independent managers to evaluate prospective opportunities. Based upon these dialogs, Stone Point chose to partner with Robert Radway and his team, to deploy their proven origination and underwriting strategies into the market at a time of limited industry competition.
CAPITAL RAISING & STRUCTURING
Stone Point worked with management to help raise $800 million of equity capital that supports the NXT balance sheet, and to establish the initial bank facilities funding the credit portfolio. Separately, as the NXT business model continued to mature, Stone Point introduced NXT to many of the institutional investors now committed to the company’s off balance sheet middle market credit funds.
Stone Point has assisted our management team in the strategic design, capitalization and continued expansion of the NXT franchise.
Investments highlighted or discussed in this selection have been selected to illustrate SPC’s investment approach and/or market outlook and are not intended to be an indicator of past or future performance. Each investment discussed in this selection has been selected solely for this purpose and has not been selected on the basis of performance or any performance-related criteria. The investments discussed herein do not represent an entire portfolio and in the aggregate may only represent a small percentage of holdings. Nothing in this presentation shall constitute a recommendation or endorsement to buy or sell any security or other financial instrument referenced herein.