Golub Capital set company records for originations in both the fourth quarter and for the full year in 2021, closing more than $15 billion in commitments in Q4/21 and more than $36 billion for all of 2021.

“2021 was Golub Capital’s best year ever,” David Golub, president of Golub Capital, said. “Our team, now over 600 strong, delivered on our mission to be best at sponsor finance, providing compelling financing solutions across 371 transactions while sustaining our long track record of low credit losses and excellent results for investors.”

Additional 2021 Highlights

  • Golub Capital completed 371 transactions ranging in size from below $10 million to $3 billion.
  • More than 90% of new loans were to companies controlled by private equity firms with which Golub Capital had previously worked.
  • Golub Capital led or co-led a company record 38 “mega one-stops” (unitranches of more than $500 million) in 2021.
  • Golub Capital had a default rate of approximately 0.16% for 2021.
  • Golub Capital’s capital under management grew to more than $45 billion as of Jan. 1.

“We are proud to be the financing partner of choice for so many leading private equity firms,” Greg Cashman, head of direct lending at Golub Capital, said. “We look forward to continuing to help our borrowers and sponsor partners succeed by providing them financing solutions with scale, reliability, domain expertise, creativity, multi-currency capabilities and flexibility.”

2021 Transaction Highlights

  • Increasing insightsoftware’s unitranche facility to more than $2 billion, marking the ninth upsize that Golub Capital has led for the company since 2018 to support add-on acquisitions
  • Structuring 18 multi-currency and non-USD facilities totaling approximately $2.5 billion of commitments for existing borrowers like FYidoctors as well as new platforms like New Look Vision Group
  • Acting as administrative agent, joint lead arranger and joint bookrunner on a recurring revenue loan facility to support the LBO and merger of three social good platforms (EveryAction, Social Solutions and CyberGrants) and providing additional committed capital to support future M&A
  • Closing more than 70 lower middle-market transactions in industries including software, veterinary care, restaurants, specialty retail and financial services
  • Executing syndicated transactions, including a fully underwritten unitranche facility to Parts Town for more than $1.5 billion