TSL Express Daily News

NEW YORK--(BUSINESS WIRE)--Golub Capital announced that 2024 was marked by solid investor performance, strong deal activity with private equity sponsors, record fundraising, continued global expansion and growth in its impact philanthropy programs. For Golub Capital, 2024 represented another year of delivering consistent results for its stakeholders, demonstrating the reliability the Firm highlighted in the theme of its annual investor conference: “30 Years of Good Boring.”

“At Golub Capital, we have built our business around the belief that relationships matter, and we seek to strengthen our relationships by delivering so reliably for our partners that it is a bit boring— but in a good way,” said David Golub, President of Golub Capital. “We are pleased that in 2024 we were again successful in serving the needs of our investors, private equity firm clients, other business partners and our team. As we look ahead to the next 30 years and beyond, we are especially thankful to our clients, many of whom we have worked with for decades, for their enduring partnership. We are also excited about where we are headed. Our team, now over 1,000-strong, is well-positioned to keep raising the bar for excellence in private credit.”

2024 Highlights, based on preliminary results:1

Golub Capital provided compelling financing solutions tailored to private equity sponsors’ needs while remaining highly selective.

• Closed $27.8 billion in financing commitments to existing portfolio companies and new originations across a broad range of transaction sizes and facility types
• Continued to expand deal activity in Europe, closing $2.5 billion in financing commitments in 2024
• Was lead lender on approximately 90% of its middle market transactions since 2013

Golub Capital sustained its long track record of low credit losses and attracted record capital from a broad range of investors globally.

• Delivered strong credit performance, continuing a 20-year track record of average annual payment default rates well below the broadly syndicated loan index2
• Raised a record $15.5 billion in new investment capital and closed the Firm’s largest Credit Opportunities fund to-date, with $2 billion of investable capital3
• Executed a record $14.9 billion of securitizations. Golub Capital was the #1 issuer of U.S. middle market CLOs and the #3 issuer of CLOs in the U.S. overall.4

Golub Capital continued to expand its client service capabilities across investor segments and grew its global footprint with a local presence in key international markets.

• Added senior hires to support the Firm’s growing investor base in Asia and the Middle East; opened a new office in Tokyo; and announced plans to open an office in Abu Dhabi.
• Expanded in Private Wealth, providing more investors with access to Golub Capital’s private credit expertise. Golub Capital Private Credit Fund (“GCRED”) ended the year with assets over $4 billion.
• Launched our Insurance Solutions team to enhance our capabilities for insurance companies

Golub Capital further expanded its impact philanthropy programs.

• Launched the Golub Capital Nonprofit Board Fellows Network with seven leading business schools to prepare MBA candidates and alumni to become impactful nonprofit board members
• Established the Golub Capital Social Impact Investment Education Fund via a multi-year partnership with the New York University Impact Investment Fund to support students at NYU Stern, NYU Wagner and NYU Abu Dhabi with hands-on experience managing an impact investing fund

About Golub Capital

Golub Capital is a market-leading, award-winning direct lender and experienced private credit 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 January 1, 2025, Golub Capital had over 1,000 employees and over $75 billion of capital under management, a gross measure of invested capital including leverage. The firm has offices in North America, Europe and Asia. For more information, please visit golubcapital.com.

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1 Preliminary results are good faith estimates based on available data as of January 6, 2025. Actual data may differ materially from final closing numbers.

2 A loan is classified as a payment default if there is an uncured payment default with respect to principal or interest. The broadly syndicated loan index is represented by the default rate of the Morningstar LSTA US Leveraged Loan Index, measured by principal amount. The Morningstar LSTA US Leveraged Loan Index is a market value-weighted index designed to measure the performance of the U.S. broadly syndicated loan market based upon market weightings, spreads and interest payments. The Morningstar Indexes are the exclusive property of Morningstar, Inc. Morningstar, Inc., its affiliates and subsidiaries, its direct and indirect information providers and any other third party involved in, or related to, compiling, computing or creating any Morningstar Index (collectively, “Morningstar Parties”) do not guarantee the accuracy, completeness and/or timeliness of the Morningstar Indexes or any data included therein and shall have no liability for any errors, omissions, or interruptions therein. None of the Morningstar Parties make any representation or warranty, express or implied, as to the results to be obtained from the use of the Morningstar Indexes or any data included therein.

3 New investment capital reflects equity capital raised by product, multiplied by a product-specific target leverage factor.

4 Source: Creditflux’s “US MM CLO Rankings – FY 2024.” Data as of December 31, 2024.

Contacts

Media
press@golubcapital.com