Crain Currency has reported on NXT Capital’s announcement that the middle market direct lending platform formed a strategic investment partnership with Cresset Capital.
“Cresset’s Private Credit Fund for its family office clients will now be diversified with investment opportunities facilitated by NXT Capital, with an emphasis on floating-rate, senior secured loans given to lower-middle-market companies. ORIX USA-owned NXT Capital targets U.S.-based borrowers with earnings before interest, taxes, depreciation and amortization (EBITDA) of between $5 million and $50 million. Its direct-lending team has closed $28.5 billion in commitment across more than 500 transactions since 2010.”
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