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Direct Investments

Aflac Announces Investment Partnership With NXT Capital

by posted 1year ago 406 views
Aflac, the leading provider of voluntary insurance at the worksite in the United States, announced today that it has reached an agreement with NXT Capital to manage Aflac's new portfolio, which will focus on investments related to middle-market private debt. Aflac Global Investments, the asset management division of Aflac Incorporated, will initially fund a $500 million portfolio consisting of direct investments in floating rate, senior secured loans to middle-market companies on behalf of Aflac's general account. Aflac will also invest approximately $50 million, which will be funded from Aflac's insurance general account for a minority stake in NXT Capital, demonstrating the mutual commitment to a long-term relationship and the benefits that can be derived over time by partnering together in the asset class.