CHICAGO, Jan. 30, 2018 /PRNewswire/ -- NXT Capital
announced today that it has expanded its relationship with Aflac
Incorporated to include management of a portfolio of commercial
real estate mortgage loans. Aflac Global Investments, the asset
management subsidiary of Aflac Incorporated, has committed to fund
a portfolio of up to $2.0 billion of
floating-rate, first mortgage loans for institutional quality,
middle market commercial properties throughout the U.S. on behalf
of Aflac's general account, purchasing approximately $1.1 billion of these loans from NXT.
Aflac also increased its minority equity investment in NXT by
approximately $75 million to
strengthen a partnership that began nearly a year ago with an
agreement to manage a portfolio of middle market corporate loans.
Today's announcement reinforces Aflac and NXT's mutual commitment
to cultivating a long-term relationship and the enduring benefits
of partnering together in two important private market asset
classes.
"NXT Capital is very pleased to further expand our strategic
partnership with Aflac which, in addition to middle-market
corporate loans, will now include access to our well-established
commercial real estate lending platform," said Robert Radway, NXT Capital's Chairman and CEO.
"We appreciate Aflac's recognition of NXT's expertise as an asset
manager, our proven, broad-based direct origination capability and
rigorous underwriting process for proprietary middle market
corporate and commercial real estate loans."
Radway went on to say, "This is a major win/win for Aflac and
NXT Capital's commercial real estate business. The Aflac program
expands NXT's financing capabilities and overall market
competitiveness while providing significant opportunity for growth
and delivering a continual flow of high quality 1st
mortgage loans to Aflac's general account."
Aflac Executive Vice President and Global Chief Investment
Officer Eric M. Kirsch commented:
"We are pleased to expand our relationship with NXT Capital
following the success of our middle market lending program of last
year. With this new agreement, NXT will play a key role in managing
two floating-rate asset classes that are strategically important to
Aflac and our hedged U.S. dollar program for Aflac Japan."
Executive Vice President and Chief Financial Officer of Aflac
Incorporated Frederick J. Crawford
added: "Expanding the NXT partnership further solidifies the
actions of the global investment platform to find assets generating
attractive risk-adjusted net investment income. NXT has proven to
be an excellent strategic partner, and we are excited to strengthen
our relationship with a leader across both the corporate and real
estate middle market lending markets."
About NXT Capital: NXT Capital is a leading provider of
structured financing to the U.S. middle market. Since its formation
in 2010, the company has originated over $18
billion in total financing volume spread over 600+
transactions. With approximately $11.4
billion of committed capital at its disposal, NXT provides a
full range of structured financing solutions on a direct basis
through its Corporate Finance and Real Estate Finance groups.
NXT manages capital for third parties through its asset management
platform and offers investors proprietary access to primarily first
lien senior secured loans that are not broadly traded or otherwise
generally available without a loan origination platform. Investment
offerings include levered and unlevered funds, separately managed
accounts and CLOs. NXT's investor base includes public and
private pension plans, insurance companies, endowments, foundations
and other institutional investors. NXT Capital Investment Advisers,
LLC, a subsidiary of NXT Capital LLC, is registered with the SEC as
an Investment Adviser. See www.nxtcapital.com.
About Aflac: When a policyholder gets sick or hurt, Aflac
pays cash benefits fast. For more than six decades, Aflac insurance
policies have given policyholders the opportunity to focus on
recovery, not financial stress. In the
United States, Aflac is the leader in voluntary insurance
sales at the worksite. Through its trailblazing One Day PaySM
initiative, Aflac U.S. can receive, process, approve and disburse
payment for eligible claims in one business day. In Japan, Aflac is the leading provider of
medical and cancer insurance and insures 1 in 4 households. Aflac
insurance products help provide protection to more than 50 million
people worldwide. For 11 consecutive years, Aflac has been
recognized by Ethisphere as one of the World's Most Ethical
Companies. In 2017, Fortune magazine recognized Aflac as one of the
100 Best Companies to Work for in America for the 19th consecutive
year and in 2017 included Aflac on its list of Most Admired
Companies for the 17th time. Aflac Incorporated is a Fortune 500
company listed on the New York Stock Exchange under the symbol AFL.
To find out more about Aflac and One Day PaySM, visit aflac.com or
aflac.com/espanol.
About Aflac Global Investments: Aflac Global Investments
is the asset management division of Aflac Incorporated, with
offices in New York and
Tokyo and more than 100
professionals managing in excess of $110
billion on behalf of the general account of Aflac Japan and
Aflac U.S.
Contact: Megan O'Brien
312.450.8087
megan.obrien@nxtcapital.com
View original content with
multimedia:http://www.prnewswire.com/news-releases/nxt-capital-announces-expanded-partnership-with-aflac-incorporated-300590284.html
SOURCE NXT Capital, LLC