"We are proud to have Warburg Pincus behind our effort to build a premier lending platform that will uniquely drive diverse mortgage products across multiple business channels," said Nexera CEO Steve Abreu. "Our focus has been to transform the mortgage process while driving operating discipline and profitability. With this investment, we now have the backing to scale those fundamentals nationally."
"Steve and the team at Nexera are disrupting the traditional mortgage market by building a next-generation origination platform that simplifies the mortgage process end-to-end for customers, providing lower costs and faster processing," said Eric Friedman, Principal, Warburg Pincus. "We are pleased to partner with Nexera's management team and leverage their deep industry experience to build an innovative mortgage business of scale."
About Nexera Holding
Nexera Holding is a multi-channel lender that is setting the standard for efficiency, transparency, and service in the mortgage marketplace. Founded by industry veterans, Nexera is committed to innovation in lending products for both consumers and mortgage brokers under the Newfi and Blustream brands. For more information, visit www.nexeraholding.com. To learn more about Newfi and explore rates, visit www.newfi.com. To learn more about Blustream, visit www.blustream.com.
About Warburg Pincus
Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $40 billion in private equity assets under management. The firm's active portfolio of more than 130 companies is highly diversified by stage, sector and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 16 private equity funds, which have invested more than $58 billion in over 760 companies in more than 40 countries.
The firm is headquartered in New York with offices in Amsterdam, Beijing, Hong Kong, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore. For more information please visit www.warburgpincus.com.
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SOURCE Warburg Pincus