Golub Capital Private Credit Fund, a non-traded business development company, broke escrow with approximately $650 million in net proceeds on June 30.
The fund seeks to generate current income and capital appreciation by investing primarily in privately originated and privately negotiated investments, predominantly through direct lending to U.S. private companies in the middle market and upper middle market in the form of one stop and other senior secured loans.
“Golub Capital has a 20-year track record of investing in loans to middle market companies and building long-term partnerships with leading private equity sponsors,” David Golub, president of Golub Capital, siad. “We are pleased to provide private wealth investors greater access to what we believe is a differentiated offering from an experienced manager with a specialized focus on private credit.”
“We are seeing tremendous interest from private wealth investors in accessing Golub Capital’s private credit expertise and the success of the GCRED private offering reflects that,” Tom Burt, managing director and head of intermediary wealth solutions at Golub Capital, said. “Our team looks forward to working with our existing and new partners to continue to provide compelling solutions suited to the needs of the private wealth market.”
