Golub Capital raised a report $15bn (£12.26bn) in new funding capital final 12 months, because of robust deal exercise, and the agency’s ongoing world growth.
Inflows have been boosted by the shut of the agency’s largest credit score alternatives fund up to now, with $2bn.
The non-public credit score fund supervisor closed greater than $27bn in financing commitments globally in 2024, essentially the most since 2021. The corporate additionally continued to develop deal exercise in Europe, closing $2.5bn in financing commitments in complete throughout the 12 months.
Golub Capital maintained its 20-year observe report of conserving its common annual cost default charges beneath the broadly syndicated mortgage index.
Learn extra: Golub companions with Nassau to supply non-public credit score technique to insurers
The fund supervisor additionally executed a report $14.9bn of securitisations final 12 months. Golub Capital was the primary issuer of US center market collateralised mortgage obligations (CLOs) and the quantity three issuer of CLOs within the US general.
David Golub, president of Golub Capital, described the agency’s annual outcomes as “good boring”.
“At Golub Capital, we’ve constructed our enterprise across the perception that relationships matter, and we search to strengthen {our relationships} by delivering so reliably for our companions that it’s a bit boring – however in a great way,” he stated.
“We’re happy that in 2024 we have been once more profitable in serving the wants of our traders, non-public fairness agency purchasers, different enterprise companions and our workforce.
“As we stay up for the following 30 years and past, we’re particularly grateful to our purchasers, lots of whom we’ve labored with for many years, for his or her enduring partnership. We’re additionally enthusiastic about the place we’re headed.
“Our workforce, now over 1,000-strong, is well-positioned to maintain elevating the bar for excellence in non-public credit score.”
Learn extra: Golub Capital BDC restructures debt to cut back prices and improve flexibility
Final 12 months, Golub Capital expanded its shopper service capabilities throughout investor segments and grew its world footprint with an area presence in key worldwide markets and a collection of senior hires. The agency opened a brand new workplace in Tokyo, and introduced plans to open an workplace in Abu Dhabi.
It additionally prolonged its non-public wealth capabilities, offering extra traders with entry to Golub Capital’s non-public credit score experience. The Golub Capital Non-public Credit score Fund ended the 12 months with property in extra of $4bn.
The corporate additionally invested in its philanthropic efforts by launching the Golub Capital Nonprofit Board Fellows Community with seven main enterprise faculties to organize MBA candidates and alumni to turn into impactful nonprofit board members.
It additionally established the Golub Capital Social Impression Funding Training Fund through a multi-year partnership with the New York College Impression Funding Fund to assist college students at NYU Stern, NYU Wagner and NYU Abu Dhabi with hands-on expertise managing an influence investing fund.
Learn extra: Golub Capital raises $2bn for sixth credit score alternatives fund