Golub plans to use the investment as permanent capital to expand its ability to deliver reliable financing solutions to its private equity sponsors, as well as provide consistent returns for investors in its funds.
All proceeds from the transaction will remain invested in the firm, and there will be no change in its strategy, management team, investment team, investment process or day-to-day operations as a result of the investment.
Lawrence E. Golub and David B. Golub, Golub Capital CEO and president, respectively, said, “Dyal’s investment gives us new resources to advance our mission to be the best at sponsor finance. We are excited to welcome Dyal as our partner for the next phase of our growth.”
Michael Rees, head of Dyal Capital Partners, added, “Golub Capital has built a world-class franchise through its relentless focus on nurturing long-term, win-win partnerships. Golub Capital’s competitive advantages and strong long-term track record make the firm a natural fit for our strategy of partnering with leading alternative investment firms.”
J.P. Morgan Securities advised Golub Capital on the transaction, while Kirkland & Ellis served as its legal counsel. Fried, Frank, Harris, Shriver & Jacobson served as legal counsel to Dyal.