Malibu, CA, [August 23, 2024] — NexGen Financial Inc. (“NexGen” or “the Company”), a leading specialty finance firm offering unique capital solutions to the debt resolution industry, has announced a significant growth capital investment from funds managed by Oaktree Capital Management, L.P. (“Oaktree”). This investment will fuel NexGen’s long-term growth strategy and enhance its position in the debt resolution industry.

NexGen’s core focus lies in providing capital to debt resolution companies by acquiring rights to settlement fees from their existing portfolios of enrolled debt. The partnership with Oaktree, known for its history of fostering rapid growth and value creation, positions NexGen for continued success.

"As we explored potential investment partners, Oaktree stood out for its unique approach to partnering with established management teams," said James Shanahan, CEO of NexGen. “Oaktree’s resources and experience in specialty finance will be invaluable as we expand our presence in the fast-growing debt resolution industry. We are excited to see where this outstanding partnership takes us in the coming years.”  

"NexGen and its management team have achieved impressive results and established themselves as a trusted specialty finance partner for debt resolution companies. With our investment and partnership, we believe NexGen is poised to grow into one of the preeminent capital providers in the industry," said Thomas Casarella, Managing Director and Assistant Portfolio Manager for Oaktree’s Special Situations Strategy. "NexGen is well positioned to take advantage of the significant amount of growth in the debt resolution industry, and we look forward to working with their team to advance their growth plans." 

“We are extremely excited to be a part of this new chapter for NexGen, and see significant opportunity for growth with our investment,” said Matt Wilson and Jordon Kruse, Co-Portfolio Managers of Oaktree’s Special Situations Strategy. “We will partner closely with James and the NexGen team to achieve their long-term vision for the business.”

About NexGen Financial
Founded in 2017, NexGen has established itself as a trusted capital partner for debt resolution companies. Its flexible, growth-oriented financing solutions have attracted industry leading and middle-market debt resolution firms who value the flexible, growth-oriented nature of the capital NexGen provides. Management’s vision and creative, partner-centric approach have resulted in an impressive track record of growth as a pioneering capital provider to the debt resolution industry. Please visit NexGen’s website at www.nexgenfi.com. 

About Oaktree
Oaktree is a leader among global investment managers specializing in alternative investments, with $193 billion in assets under management as of June 30, 2024. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real estate and listed equities. Oaktree has over 1,200 employees and offices in 23 cities worldwide. For additional information, please visit Oaktree's website at www.oaktreecapital.com.