NXT adds former CIT originator

The new hire comes during NXT’s efforts to raise a significant amount of capital, having already closed on $1.16bn so far this year.

NXT Capital has hired a new managing director to work on multiple parts of transactions in the western US, where the Chicago-based mid-market lender has offices in Los Angeles and Phoenix, Arizona.

Brian Miazga has joined NXT as a managing director from CIT’s corporate finance group, where he had worked in the western US, the firm said on Monday. He will work on new business originations for NXT and is responsible for structuring, underwriting and closing transactions.

While at CIT, Miazga handled mid-market loan originations across all sectors. Prior to that, he spent time at Fifth Street Asset Management and BMO Harris, where he worked in originations and underwriting, and at William Blair & Company.

“Brian’s expertise is a valuable addition to NXT’s ongoing efforts to serve sponsors and middle-market companies across the country,” said John Finnerty, NXT’s corporate finance group head.

Miazga’s addition comes as the firm is in the midst of a fundraising spree, potentially bringing in more than $2 billion in deployable capital this year, as Private Debt Investor exclusively reported last week.

The firm has closed on $1.16 billion this year, consisting of two managed accounts, one for $500 million and another for $200 million, and a $406 million collateralised loan obligation. The firm is also seeking $1 billion for its NXT Senior Loan Fund V.

NXT provides financing to mid-market companies and commercial real estate investors. It is a portfolio company of private equity firm Stone Point Capital. In addition to Chicago, Los Angeles and Phoenix, the firm maintains offices in Atlanta, Georgia; Charlotte, North Carolina; Dallas; Nashville, Tennessee; New York; San Francisco; and Stamford, Connecticut.