TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
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The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
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SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
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SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
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It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
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It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
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It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
Dec 5, 2017I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
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A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
Feb 7, 2017How many times have you come across a potential client who’s financials are either not up to date, not accurate,…
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
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July 10, 2023
Source: PR Newswire
GCRED makes Golub Capital's middle market direct lending franchise accessible to a broader client base across the private wealth market
NEW YORK, July 6, 2023 /PRNewswire/ -- Golub Capital today announced that the Golub Capital Private Credit Fund ("GCRED" or the "Fund"), a non-traded business development company, broke escrow with approximately $650 million in net proceeds on June 30, 2023.
Golub Capital, founded in 1994, is a leading lender to middle market companies with over $60 billion of capital under management as of April 1, 2023.1 GCRED will access Golub Capital's leading U.S. debt platform, proprietary deal flow, disciplined underwriting process and experienced management team. The Fund seeks to generate current income and capital appreciation by investing primarily in privately originated and privately negotiated investments, predominantly through direct lending to U.S. private companies in the middle market and upper middle market in the form of one stop and other senior secured loans.
"Golub Capital has a 20-year track record of investing in loans to middle market companies and building long-term partnerships with leading private equity sponsors," said David Golub, President of Golub Capital. "We are pleased to provide private wealth investors greater access to what we believe is a differentiated offering from an experienced manager with a specialized focus on private credit."
Golub Capital's Intermediary Wealth Solutions business is a dedicated team focused on delivering compelling investment solutions and gold-standard client service to the private wealth market via wirehouses, regional broker-dealers, private banks, registered investment advisors and other intermediaries.
"We are seeing tremendous interest from private wealth investors in accessing Golub Capital's private credit expertise and the success of the GCRED private offering reflects that," said Tom Burt, Managing Director and Head of Intermediary Wealth Solutions at Golub Capital. "Our team looks forward to working with our existing and new partners to continue to provide compelling solutions suited to the needs of the private wealth market."
Tom Burt joined Golub Capital in June 2022 and the Intermediary Wealth Solutions team has since expanded to 7 people across the United States.
As part of Golub Capital's continued expansion into the private wealth market, the Firm announced a partnership with fintech platform iCapital in 2022, which would extend access to Golub Capital's private credit strategies to the wealth managers on the iCapital platform.
About Golub Capital
Golub Capital is a market-leading, award-winning direct lender and experienced credit asset manager. We specialize in delivering reliable, creative and compelling financing solutions to companies backed by private equity sponsors. Our sponsor finance expertise also forms the foundation of our Broadly Syndicated Loan and Credit Opportunities investment programs. We nurture long-term, win-win partnerships that inspire repeat business from private equity sponsors and investors.
As of April 1, 2023, Golub Capital had over 800 employees and over $60 billion of capital under management, a gross measure of invested capital including leverage. The firm has lending offices in Chicago, New York, San Francisco and London. For more information, please visit golubcapital.com.
Forward-Looking Statements
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those expressed or implied in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the U.S. Securities and Exchange Commission. Golub Capital Private Credit Fund undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.
Disclaimer
This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the shares referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction. A registration statement relating to these securities was filed and has been declared effective by the U.S. Securities and Exchange Commission. This offering is being made solely by means of a written prospectus forming part of the effective registration statement. A copy of the final prospectus relating to the offering must be made available to you prior to making a purchase of shares in connection with this offering and may be obtained from the Fund's website, when available, at [www.gcredbdc.com].
Media Contact
press@golubcapital.com
1 Capital under management is a gross measure of invested capital including leverage.
Logo - https://mma.prnewswire.com/media/5437/GOLUB_CAPITAL_LOGO.jpg
NEW YORK, July 6, 2023 /PRNewswire/ -- Golub Capital today announced that the Golub Capital Private Credit Fund ("GCRED" or the "Fund"), a non-traded business development company, broke escrow with approximately $650 million in net proceeds on June 30, 2023.
Golub Capital, founded in 1994, is a leading lender to middle market companies with over $60 billion of capital under management as of April 1, 2023.1 GCRED will access Golub Capital's leading U.S. debt platform, proprietary deal flow, disciplined underwriting process and experienced management team. The Fund seeks to generate current income and capital appreciation by investing primarily in privately originated and privately negotiated investments, predominantly through direct lending to U.S. private companies in the middle market and upper middle market in the form of one stop and other senior secured loans.
"Golub Capital has a 20-year track record of investing in loans to middle market companies and building long-term partnerships with leading private equity sponsors," said David Golub, President of Golub Capital. "We are pleased to provide private wealth investors greater access to what we believe is a differentiated offering from an experienced manager with a specialized focus on private credit."
Golub Capital's Intermediary Wealth Solutions business is a dedicated team focused on delivering compelling investment solutions and gold-standard client service to the private wealth market via wirehouses, regional broker-dealers, private banks, registered investment advisors and other intermediaries.
"We are seeing tremendous interest from private wealth investors in accessing Golub Capital's private credit expertise and the success of the GCRED private offering reflects that," said Tom Burt, Managing Director and Head of Intermediary Wealth Solutions at Golub Capital. "Our team looks forward to working with our existing and new partners to continue to provide compelling solutions suited to the needs of the private wealth market."
Tom Burt joined Golub Capital in June 2022 and the Intermediary Wealth Solutions team has since expanded to 7 people across the United States.
As part of Golub Capital's continued expansion into the private wealth market, the Firm announced a partnership with fintech platform iCapital in 2022, which would extend access to Golub Capital's private credit strategies to the wealth managers on the iCapital platform.
About Golub Capital
Golub Capital is a market-leading, award-winning direct lender and experienced credit asset manager. We specialize in delivering reliable, creative and compelling financing solutions to companies backed by private equity sponsors. Our sponsor finance expertise also forms the foundation of our Broadly Syndicated Loan and Credit Opportunities investment programs. We nurture long-term, win-win partnerships that inspire repeat business from private equity sponsors and investors.
As of April 1, 2023, Golub Capital had over 800 employees and over $60 billion of capital under management, a gross measure of invested capital including leverage. The firm has lending offices in Chicago, New York, San Francisco and London. For more information, please visit golubcapital.com.
Forward-Looking Statements
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those expressed or implied in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the U.S. Securities and Exchange Commission. Golub Capital Private Credit Fund undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.
Disclaimer
This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the shares referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction. A registration statement relating to these securities was filed and has been declared effective by the U.S. Securities and Exchange Commission. This offering is being made solely by means of a written prospectus forming part of the effective registration statement. A copy of the final prospectus relating to the offering must be made available to you prior to making a purchase of shares in connection with this offering and may be obtained from the Fund's website, when available, at [www.gcredbdc.com].
Media Contact
press@golubcapital.com
1 Capital under management is a gross measure of invested capital including leverage.
Logo - https://mma.prnewswire.com/media/5437/GOLUB_CAPITAL_LOGO.jpg
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