NXT Capital Secures $318M
October 26, 2011- Share:
A consortium of investors has committed $318 million of equity to NXT Capital. The commitments include a $125 million follow on investment by Teachers' Private Capital and also involve several investors that are new to the company, such as Credit Suisse's Customized Fund Investment Group, Oak Hill Investment Management and the Teachers' Retirement System of the State of Illinois. NXT was formed by Stone Point Capital. The company provides structured financing solutions to middle-market and emerging growth companies as well as real estate investors.
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