Golub Capital completed several promotions within its direct lending team, positioning the firm for continued growth of its sponsor finance platform.
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.
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.
Golub Capital reached a company record in originations in Q2/21, signing up more than $9 billion in retained and syndicated commitments and completing more than 95 new and add-on transactions. Originations in the quarter were 30% higher than Q4/20.
Golub Capital promoted Andy Steuerman to vice chair of direct lending and Greg Cashman to head of direct lending. Spyro Alexopoulos, Craig Benton, Alissa Grad, Gregory Robbins, Marc Robinson, Rob Tuchscherer and Jason Van Dussen were promoted to senior managing director roles.