Chicago lender NXT Capital LLC has closed an $800 million leveraged loan fund.

The fund, NXT Capital Senior Loan Fund III LP, will invest in first- and second-lien loans that NXT's corporate finance group originates. The loans, sold primarily to private equity-backed middle-market companies, include: term, delayed-draw term, revolving-credit, stretch-senior, unitranche, first-lien-term- behind-revolver, split-lien and last-out.

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