Golub Announces New Partner in Senior Loan Fund
Golub Capital BDC announced that RGA Reinsurance Company (RGA) has reached an agreement with United Insurance Company of America pursuant whereby United Insurance transferred its interest in Senior Loan Fund (SLF) to RGA.
SLF is a joint venture through which GBDC and its partner co-invest in first lien senior secured loans through an unconsolidated Delaware limited liability company. Reinsurance Group of America, the parent of RGA, is a leading global life reinsurer with over $40 billion in assets as of June 30, 2014.
“We are excited about both our new partnership with RGA and the prospects for SLF going forward,” said David Golub, CEO of Golub Capital BDC. “We want to thank United Insurance for their involvement with SLF and wish them well.”
“We are very pleased to be partnering with Golub Capital, a market leader in middle market lending with an outstanding 20-year track record,” said Brian Butchko, VP and director of U.S. Portfolio Management at RGA.