Golub Capital raised a document $15bn (£12.26bn) in new funding capital final 12 months, because of robust deal exercise, and the agency’s ongoing international growth.
Inflows have been boosted by the shut of the agency’s largest credit score alternatives fund so far, with $2bn.
The personal credit score fund supervisor closed greater than $27bn in financing commitments globally in 2024, probably the most since 2021. The corporate additionally continued to broaden deal exercise in Europe, closing $2.5bn in financing commitments in whole throughout the 12 months.
Golub Capital maintained its 20-year monitor document of preserving its common annual fee default charges beneath the broadly syndicated mortgage index.
Learn extra: Golub companions with Nassau to supply personal credit score technique to insurers
The fund supervisor additionally executed a document $14.9bn of securitisations final 12 months. Golub Capital was the primary issuer of US center market collateralised mortgage obligations (CLOs) and the quantity three issuer of CLOs within the US total.
David Golub, president of Golub Capital, described the agency’s annual outcomes as “good boring”.
“At Golub Capital, we’ve got constructed our enterprise across the perception that relationships matter, and we search to strengthen {our relationships} by delivering so reliably for our companions that it’s a bit boring – however in a great way,” he stated.
“We’re happy that in 2024 we have been once more profitable in serving the wants of our traders, personal fairness agency shoppers, different enterprise companions and our staff.
“As we sit up for the subsequent 30 years and past, we’re particularly grateful to our shoppers, lots of whom we’ve got labored with for many years, for his or her enduring partnership. We’re additionally enthusiastic about the place we’re headed.
“Our staff, now over 1,000-strong, is well-positioned to maintain elevating the bar for excellence in personal credit score.”
Learn extra: Golub Capital BDC restructures debt to scale back prices and improve flexibility
Final 12 months, Golub Capital expanded its consumer service capabilities throughout investor segments and grew its international footprint with an area presence in key worldwide markets and a collection of senior hires. The agency opened a brand new workplace in Tokyo, and introduced plans to open an workplace in Abu Dhabi.
It additionally prolonged its personal wealth capabilities, offering extra traders with entry to Golub Capital’s personal credit score experience. The Golub Capital Personal Credit score Fund ended the 12 months with property in extra of $4bn.
The corporate additionally invested in its philanthropic efforts by launching the Golub Capital Nonprofit Board Fellows Community with seven main enterprise colleges to arrange MBA candidates and alumni to change into impactful nonprofit board members.
It additionally established the Golub Capital Social Affect Funding Schooling Fund by way of a multi-year partnership with the New York College Affect Funding Fund to help college students at NYU Stern, NYU Wagner and NYU Abu Dhabi with hands-on expertise managing an influence investing fund.
Learn extra: Golub Capital raises $2bn for sixth credit score alternatives fund
