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NXT Capital Venture Finance Secures $500 Million in Committed Capital to Invest in Emerging Growth Companies
Boston, MA (September 6, 2012) – NXT Capital Venture Finance announced today that it has secured more than $500 million in committed capital. A leader in providing venture loans to emerging growth companies in the technology and life sciences sectors, NXT Venture Finance anticipates that this stable, long-term capital base will allow it to be a consistent, prolific provider of financing in the coming years.
The debt financing was provided by various institutional sources and the equity financing by NXT Capital, LLC.
Formed in October 2011, NXT Capital Venture Finance has provided venture loans to notable companies including Boxtone, Cayenne Medical, GreatCall, SkyCross and TradeKing.
“An uncertain IPO window, longer exits and other pressures are increasing demand for alternative sources of capital,” said Jan Haas, Group Head, NXT Venture Finance. “This significant additional funding will allow NXT Venture Finance to provide less-dilutive, more flexible funds to help emerging growth companies succeed.”
“NXT Capital Venture Finance has demonstrated outstanding potential,” said Robert Radway, NXT’s Chairman and CEO. “This substantial, stable base of committed capital will drive further growth and success.”
ABOUT NXT CAPITAL VENTURE FINANCE:
NXT Capital Venture Finance serves entrepreneurs by providing less dilutive, more flexible forms of capital. With offices in Boston and Silicon Valley, NXT Capital Venture Finance offers senior and subordinated term loans in the $1 million to $20 million range to emerging growth 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, seewww.nxtcapital.com/venture-finance.
ABOUT NXT CAPITAL:
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 up to $150 million with a hold size up to $50 million. See www.nxtcapital.com.
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