Golub Capital launched its GP-Led Secondaries investment strategy. The new strategy will focus on investing in high-quality U.S. and European middle market businesses, primarily through GP-Led continuation vehicles.
The strategy will expand Golub Capital’s existing equity co-investment program. Over the last 20 years, Golub Capital has made more than 400 equity co-investments in private equity transactions, investing over $1.7 billion and consistently outperforming industry benchmark returns.
The firm is committing over $1 billion to the new GP-Led Secondaries strategy and that it plans to raise special-purpose funds to further expand this commitment. Greg Cashman, co-head of the firm’s direct lending business, will lead the GP-Led Secondaries team.
“We see our GP-Led Secondaries business as a natural extension of our direct lending franchise,” David Golub, president of Golub Capital said. “We have conviction we will be successful here due to the power of the Golub Capital platform, including strong relationships with private equity sponsors, a strong underwriting process and deep industry expertise.”
