NXT Capital Senior Loan Fund V has held a final close at $415 million, surpassing its equity target of $350 million. The vehicle will provide senior secured loans focused on the US mid-market and will have a total investment capacity of $1.2 billion.
The previous fund in the series, NXT Capital Senior Loan Fund IV, held a final close at $312 million in October 2016.
The Teachers’ Retirement System of the State of Illinois has committed to both vehicles.