We originate and manage differentiated opportunities across private credit, income-producing real assets, and special situations, translating disciplined analysis into durable, risk-aware returns.
NEXT 1 CAPITAL, LLC originates, underwrites, and manages niche opportunities across the U.S. private markets, focusing on resilient income and asset-backed strategies. Our team blends sell-side credit, operations, and data science experience to evaluate deals beyond the teaser—validating counterparties, cash flows, legal terms, and operational risks before capital is at stake. We build alignment by co-investing and by structuring fees around realized outcomes, not just assets gathered. Operating from Miami, we serve high-net-worth investors, family offices, and independent RIAs seeking diversification outside public equity beta.
Every mandate begins with a falsifiable thesis, a precise risk budget, and decision rules that remove emotion from allocation.
We invest alongside clients and keep our economics simple. If the vehicle underperforms its hurdle, we take less.
Structures emphasize collateral, coverage, covenants, and control—because protecting principal is the first return.
We originate senior secured notes to lower-middle-market operators with durable cash flows and tangible collateral. Coverage ratios, escrow mechanics, and independent administration reduce performance slippage. The result is predictable monthly income with controlled duration and covenants that actually bite.
We focus on essential-use assets—logistics, outdoor storage, and infrastructure adjacencies—where capex is disciplined and tenants renew. Our underwriting pairs site-level data (ingress/egress, zoning, truck counts) with operator capability to underwrite NOI that persists through cycles.
When time, complexity, or capital structure noise creates a discount, we step in. We evaluate legal levers, vendor dependencies, and customer concentration to separate solvable from terminal. Execution plans include milestone-based capital and operational oversight until stabilization.
Empower private investors with institutional-grade access, analysis, and alignment—so their capital compounds with clarity and without unnecessary complexity.
We keep the playbook simple: find cash, secure cash, grow cash.
Capital placed through our vehicles helps expand essential logistics, fund jobs at real operators, and professionalize small-business finance—all while keeping capital accountable to covenants.
We cast a wide net through operator networks, brokers, and data scrapes. Each lead faces a quick-kill checklist: cash coverage, sponsor capability, legal posture, and business model resiliency.
Deals that survive go into deep diligence—site walks, calls, bank statements, lien searches. We then structure for downside: first-lien claim, reporting cadence, escrow/lockbox, and board/observer rights where needed.
Post-close, we monitor covenants and cash daily/weekly depending on risk. When gaps appear, we act—tighten controls, coach operators, or move to remedies before loss compounds.
We verify revenue with third-party data, pull UCCs, test operational bottlenecks, and interview vendors and customers—not just management. The picture is real, not rehearsed.
Controls include lockboxes, inventory audits, and step-in rights. Terms are drafted for use, not decoration; triggers compel action before capital is harmed.
We co-invest, cap fixed fees, and scale carry after hurdles—so we win when you do. We publish look-through reporting you can share with your CPA or CIO without translation.
Share your objectives; we’ll suggest the right vehicle or build a bespoke sleeve.
Prefer a quick intro? Open the form and drop a note—two minutes, tops.
Phrases you can use: “Looking for income,” “Curious about private credit,” “Interested in co-invest,” “Need a second opinion.”
Use natural language—examples: “Seeking 10–12% net yield,” “Evaluate this deal,” or “Can you review my structure?”
Thanks for reaching out. A member of our team will respond from sergio@next1capital.org with next steps and a calendar link.