Nxt Capital Investment Advisers, LLC (Chicago)


Nxt Capital Investment Advisers, LLC is a large advisory firm based in Chicago. It manages $7.49 billion of regulatory assets for 18 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Arizona, Georgia, Illinois, and 3 other states.

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Nxt Capital Investment Advisers provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Nxt Capital Investment Advisers: assets under management

The assets under management (AUM) of Nxt Capital Investment Advisers, LLC is $7.49 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 2717% since the beginning of its operation, and $2.4 billion of the total AUM is attributable to clients outside of the United States.


The firm manages $7.49 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $416.34 million each.
Nxt Capital Investment Advisers has custody of $751.21 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Nxt Capital Investment Advisers, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Nxt Capital Investment Advisers serves?

The only and largest group of clients of Nxt Capital Investment Advisers is pooled investment vehicles with 13 clients and $5.14 billion of assets under management. Among the 9 most similar advisory firms, Nxt Capital Investment Advisers has the 4th highest percentage of pooled investment vehicles out of all clients.


The amount of regulatory assets under management is $5.14 billion for 13 clients. 44% of the firm’s clients are foreign persons or businesses.

Nxt Capital Investment Advisers also advises several private funds. Namely, five hedge funds, one private equity fund, and three securitized asset funds. The minimum investment commitment required of non-related persons ranges from $0 to $20,000,000.

Careers at Nxt Capital Investment Advisers, LLC

The company employs 120 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Robert Edward Radway President, ceo and chairman 1 Oct 2011 Other 2080024
Neil Andrew Rudd Chief financial officer and treasurer 1 Oct 2011 Other 6023488
Bruce Alan Frank General counsel and secretary 1 Oct 2011 Other 6026547
Llc Nxt Capital Member 1 Oct 2011 75% - 100% 27-1839540
Thomas Joseph Bax Chief compliance officer and vice president 1 Feb 2012 Other 5587912
Michael Joseph Litwin Chief credit and risk officer 1 Feb 2012 Other 4371514
John Andrew Finnerty Senior vice president 1 Feb 2012 Other 6025215
Jan Soren Haas Senior vice president 1 Feb 2012 Other 2523550
James Douglas Anderson Assistant secretary 1 Apr 2012 Other 6169291
Kelli Jean O'connell Vice president 1 Apr 2012 Other 6169298
Kevin Keith Rostowsky Senior vice president 1 Jan 2018 Other 6901489
Craig John Andreen Senior vice president 1 Jan 2018 Other 6901500
Timothy Robert Verrilli Vice president 1 Jan 2018 Other 6902616
Llc Nxt Capital Holdings Member 1 Aug 2018 75% - 100% 35-2635692
Brian Edward Franc Chief compliance officer 1 Jan 2019 Other 2170342

Indirect Owners

The SEC currently registers 43 indirect owners.

Name Entity Date acquired Ownership Employer ID
Orix Corporation Majority shareholder 1 Aug 1981 75% - 100% 13-2792249
Charles Arthur Davis Managing member 1 Oct 2003 75% - 100% 816660
Meryl Deborah Hartzband Managing member 1 Oct 2003 75% - 100% 5888699
James Dawson Carey Managing member 1 Mar 2005 75% - 100% 2656436
David Jay Wermuth Managing member 1 Mar 2005 75% - 100% 5473034
Nicolas David Zerbib Managing member 1 Nov 2006 75% - 100% 5473031
L.P. Trident Capital Iv General partner 1 Dec 2006 Other 98-0509278
Llc Cd Trident Iii General partner 1 Dec 2006 Other 00-0000000
Llc Jc Trident Gp General partner 1 Dec 2006 Other 00-0000000
Llc Dw Trident Gp General partner 1 Dec 2006 Other 00-0000000
Llc Nz Trident Gp General partner 1 Dec 2006 Other 00-0000000
Llc Mh Trident Iii General partner 1 Dec 2006 Other 00-0000000
L.P. Trident Capital V General partner 1 Dec 2008 Other 98-0613068
Llc Cd Trident V General partner 1 Dec 2008 Other 00-0000000
Llc Jc Trident V General partner 1 Dec 2008 Other 00-0000000
Llc Dw Trident V General partner 1 Dec 2008 Other 00-0000000
Llc Nz Trident V General partner 1 Dec 2008 Other 00-0000000
Charles Arthur Davis Managing member 1 Dec 2008 75% - 100% 816660
James Dawson Carey Managing member 1 Dec 2008 75% - 100% 2656436
David Jay Wermuth Managing member 1 Dec 2008 75% - 100% 5473034
Nicolas David Zerbib Managing member 1 Dec 2008 75% - 100% 5473031
Llc Mh Trident V General partner 1 Dec 2008 Other 00-0000000
Meryl Deborah Hartzband Managing member 1 Dec 2008 75% - 100% 5888699
Inc. Nxt Capital Member 1 Feb 2010 75% - 100% 27-1839581
L.P. Trident Iv Member 1 Apr 2010 75% - 100% 98-0509277
L.P. Trident V Limited partner 1 Apr 2010 75% - 100% 98-0613069
Llc Trident V Nxt Capital Gp General partner 1 Apr 2010 Other 00-0000000
L.P. Trident V Parallel Fund Limited partner 1 May 2010 75% - 100% 98-0658572
Llc Trident V Parallel Nxt Capital Gp General partner 1 May 2010 Other 00-0000000
Orix Corporation Usa Majority shareholder 1 Sep 2010 75% - 100% 13-3095268
Llc Nxt Voting Spv Shareholder 1 Jul 2011 75% - 100% 00-0000000
Llc Trident Iv Nxt Capital Member 1 Jul 2011 25% - 50% 00-0000000
L.P. Trident V Nxt Capital Member 1 Jul 2011 25% - 50% 00-0000000
L.P. Trident V Parallel Nxt Capital Member 1 Jul 2011 25% - 50% 00-0000000
L.P. Trident Capital V Pf General partner 1 Dec 2011 Other 00-0000000
Llc Cd Trident V General partner 1 Dec 2011 Other 00-0000000
Llc Jc Trident V General partner 1 Dec 2011 Other 00-0000000
Llc Dw Trident V General partner 1 Dec 2011 Other 00-0000000
Llc Nz Trident V General partner 1 Dec 2011 Other 00-0000000
Llc Mh Trident V General partner 1 Dec 2011 Other 00-0000000
Llc Nxt Capital Intermediate Holdings Member 1 Aug 2018 75% - 100% 00-0000000
Llc Nxt Capital Group Member 1 Aug 2018 75% - 100% 27-1839581
Llc Orix Global Asset Management Majority shareholder 1 Aug 2018 75% - 100% 27-3789218

Based in Chicago

The principal office where Nxt Capital Investment Advisers, LLC performs its advisory services is located at 191 North Wacker Drive, Chicago, IL 60606 1615, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312-450-8000 or by fax 312-450-8100. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at portal.krfs.com/login.