366:
each middle market lending deal, and the team can also underwrite and syndicate senior credit facilities and a proprietary suite of one-loan debt facilities of up to $ 1 billion. The typical borrower generates between $ 5 million to $ 50 million a year in EBITDA and is backed by one of over 200 private equity companies with which Golub
Capital has a working relationship. Approximately 85% of financings done with private equity companies come from pre-existing relationships.
289:, Golub Capital was one of the few lending firms that continued to grow. By the end of 2008, the firm was third by deal volume for lead arrangers of sub-$ 100 million leveraged buyout loans and had raised $ 1.5 billion for new loans. In 2009, it became the number one bookrunner for leveraged buyout loans in the middle market. By 2010, the firm had $ 4 billion capital under management.
264:). Golub had previously been Managing Director of both Centre Partners Management LLC and Corporate Partners. Andrew Steuerman joined Golub Capital in 2004. Steuerman became the head of originations and eventually gained the titles of Senior Managing Director and Head of Middle Market and Late Stage Lending.
365:
Andrew
Steuerman heads Golub Capital’s Middle Market Lending team located in Chicago and New York. The business line focuses on providing senior, one-stop, and second lien debt to U.S. middle market companies, typically controlled by private equity firms. Golub Capital can hold over $ 400 million in
276:
and one-stop loans. By 2007, the firm was a lead lender and arranger in senior loans. In 2005, on the final closing of its fourth GCP fund (Golub
Capital Partners IV), the firm raised $ 800 million of equity capital. Its fifth GCP fund (Golub Capital Partners V) raised $ 700 million of equity
27:
413:
Golub
Capital BDC, Inc. reported that it acquires common stock securities of Business for the intent of providing bonus bonuses to Golub Capital LLC workers purchased more than 5.6 million common stock securities of the Company between April 1 , 2020, and June 15, 2020.
314:
In 2014, the firm's capital under management increased to $ 10 billion with the final closings of the Golub
Capital Partners VIII fund and the Golub Capital Partners International VIII. That year, the firm closed a mix of deals, including boot retailer
323:
in 2014 to handle its late stage lending business line. As of 2018, the firm has over $ 25 billion in capital under management. In March 2018, Golub
Capital supported the acquisition of Togetherwork Holdings by GI partners.
1110:
386:
Golub
Capital's Broadly Syndicated Loans group is headed by Scott Morrison in the firm's Chicago office. This unit focuses on investing in larger loans that are generally liquid in the
249:-backed companies. Golub Capital no longer made investments in controlled private equity investments in order not to compete with their private equity clients. In the aftermath of the
1162:
484:
907:
1215:
453:
1225:
1220:
345:
Golub
Capital has three main business lines: middle market lending, late stage lending, and broadly syndicated loans. The firm typically invests in sectors like
357:, business services, and many others. The firm is also affiliated with Golub Capital BDC, Inc., a publicly traded (NASDAQ: GDBC) business development company.
410:. David Golub serves as the President and CEO of the company. The company lends money to middle market companies that have backing from private equity firms.
307:. Their loan portfolio also increased to $ 5 billion. In 2012, the firm led a targeted campaign to serve lower middle market companies that have an annual
217:. The firm initially operated with $ 20 million of equity capital under management. Anchor investors in Golub Capital's first fund included Dan Lufkin (of
374:
The firm's late stage lending unit is also headed by Andrew
Steuerman. The team operates out of the firm's San Francisco office in order to be closer to
319:
with a $ 100 million facility and fiber optic infrastructure company Wilcon
Holdings with a $ 59 million facility. The firm opened a lending office in
378:. The business offers debt to fast-growing technology companies backed by venture capital, growth equity, private equity, or other private companies.
229:
among others. Golub and an assistant were the only employees at Golub Capital's outset, but, by 2000, the firm had between 8 and 10 employees and a
959:
337:
listed Golub Capital as one of a handful of private equity firms that could leverage large buyouts without the assistance of Wall Street banks.
1039:
1008:
879:
934:
853:
584:
495:
1065:
188:
under the stock ticker symbol, GBDC. Golub Capital is one of the largest non-bank middle market lenders and providers of senior debt.
454:
https://barchart.websol.barchart.com/?filingid=12710028&module=secFilings&override=1&popup=1&symbol=GBDC&type=HTML
1088:
614:
1137:
430:
172:
based in the United States with over $ 60 billion of capital under management. The firm has primary business lines in
648:
218:
391:
402:
Golub Capital BDC, Inc., (a business development company) was founded in 2009 and went public in March 2010
206:
181:
983:
260:
In 2003, Lawrence's brother David Golub joined the firm as its President (with Lawrence Golub remaining
327:
In August 2018, Golub Capital sold a passive, non-voting minority stake in its management companies to
1043:
530:
296:
under stock ticker symbol, GBDC. David Golub serves as the CEO and President of Golub Capital BDC.
1111:"Kenneth Selle Joins Golub Capital As Head Of Loan Trading In Its Broadly Syndicated Loans Group"
960:"Golub Capital Supports Acquisition of Togetherwork Holdings by GI Partners - News | ABL Advisor"
744:
719:
1163:"Golub Capital BDC, Inc. Announces Purchases of Common Stock by Affiliates and Other Purchasers"
277:
capital. Golub Capital's total capital under management increased to $ 2.5 billion as a result.
694:
Dzikowski, Don (21 October 2006). "Change in Bank Rules could Spawn New Middle Market CLOs".
286:
173:
292:
Golub Capital BDC, Inc. was founded in 2009 and went public in March 2010. It trades on the
908:"Golub Capital Opens San Francisco Office As Part Of Its Expansion Into Late Stage Lending"
8:
883:
491:
214:
222:
407:
242:
123:
714:
387:
169:
65:
60:
1141:
748:
679:
588:
230:
177:
656:
622:
375:
332:
254:
250:
246:
205:
in 1994 by Lawrence Golub. Golub had previously worked at Allen & Company,
134:
1209:
857:
807:
320:
210:
202:
108:
103:
43:
1114:
911:
802:
354:
350:
273:
226:
1009:"Private Equity Firms Are Cutting Out Banks and Funding LBOs Themselves"
935:"Golub Provides $ 245 Million to Back Marlin Equity's Bazaarvoice Deal"
984:"Dyal in talks to buy stake in credit manager Golub Capital: sources"
316:
1200:
770:
331:, a subsidiary of asset manager Neuberger Berman Holdings. In 2021,
253:
in 2000, the firm achieved success with its mezzanine loans as most
328:
561:
Donde, Anastasia (September 2014). "Capital Talk: Golub Capital".
1066:"Golub Capital scores Lender of the Year for growth in all areas"
585:"How Golub Capital BDC Inc Built a Hurricane-Proof Balance Sheet"
304:
300:
98:
880:"Golub supplies $ 59M in financing for Freedom Dark acquisition"
26:
1089:"Golub Capital Sinks $ 270M Into Radiology Co.'s Calif. Growth"
778:
403:
308:
293:
185:
1195:
299:
In 2011, the firm had 120 employees with offices in New York,
180:. The firm is also affiliated with Golub Capital BDC, Inc., a
390:. The Broadly Syndicated Loans team also manages a series of
431:"Golub Capital Sets New Record For Deal Activity In Q2 2021"
280:
1190:
854:"Private Equity-Backed Boot Barn Has Set Terms for its IPO"
346:
157:
196:
261:
128:
771:"Golub Capital BDC, Inc. Stock Quote & Summary Data"
267:
1216:
Investment management companies of the United States
1226:Financial services companies of the United States
1221:Financial services companies established in 1994
1207:
1040:"Finance Finesse: Golub Grows Tech Lending Unit"
745:"Golub Moves To Number One On The League Tables"
578:
576:
574:
572:
143:(Head of Middle Market and Late Stage Lending)
528:
1033:
1031:
1029:
828:
826:
609:
607:
605:
569:
236:
926:
877:
381:
1135:
1086:
739:
737:
706:
582:
397:
25:
1129:
1057:
1026:
878:Schwarzberg, Jonathan (29 October 2013).
823:
693:
602:
556:
554:
552:
550:
548:
529:Papavassiliou, Stuart P. (October 2010).
281:2008–present: Financial crisis and beyond
1138:"How Does Golub Capital BDC Make Money?"
1087:Guarnaccia, Matthew (15 February 2018).
1080:
851:
677:"Golub Capital Has a Year to Remember".
531:"Golub Capital — Unique in Every Aspect"
360:
241:In 2000, the firm began specializing in
233:worth a couple hundred million dollars.
1103:
1037:
902:
900:
797:
795:
734:
715:"Golub Takes Lead in Leveraged Buyouts"
712:
670:
643:
641:
639:
197:1994–2000: Foundation and early success
1208:
1063:
871:
763:
545:
482:
478:
476:
474:
472:
470:
468:
466:
464:
462:
272:In 2004, Golub Capital began offering
852:Collings, Richard (21 October 2014).
560:
524:
522:
520:
518:
516:
369:
268:2004–2008: Further business expansion
16:American credit asset management firm
1038:Collins, Allison (27 October 2014).
932:
897:
845:
792:
636:
687:
649:"Company Overview of Golub Capital"
485:"Anatomy of a Middle Market Lender"
459:
13:
1196:Golub Capital BDC Official Website
1064:Fugazy, Danielle (23 March 2017).
513:
148:(Head of Broadly Syndicated Loans)
14:
1237:
1184:
1136:Wroblewska, Anna (10 July 2014).
933:Kang, Jaewon (27 February 2018).
713:Lattman, Peter (24 August 2009).
245:. These loans were geared toward
176:lending, late stage lending, and
583:Wroblewska, Anna (7 July 2014).
311:of between $ 6 and $ 8 million.
219:Donaldson, Lufkin & Jenrette
1155:
1001:
976:
952:
392:collateralized loan obligations
835:Grant's Interest Rate Observer
447:
423:
1:
417:
340:
207:Wasserstein Perella & Co.
201:Golub Capital was founded in
182:business development company
7:
10:
1242:
1068:. Mergers and Acquisitions
1044:Mergers & Acquisitions
483:Frumes, Max (9 May 2011).
191:
237:2000–2004: Shift in focus
221:), Stanley S. Shuman (of
153:
117:
89:
74:
53:
41:
33:
24:
382:Broadly Syndicated Loans
178:broadly syndicated loans
841:(21b). 2 November 2012.
720:The Wall Street Journal
696:The Secured Debt Report
398:Golub Capital BDC, Inc.
833:"Reluctant Optimist".
146:Christina D. Jamieson
563:Private Debt Investor
361:Middle Market Lending
329:Dyal Capital Partners
287:2008 financial crisis
213:. He had also been a
257:became unavailable.
939:Wall Street Journal
914:. 16 September 2014
803:"Pockets of Credit"
223:Allen & Company
184:that trades on the
91:Number of locations
21:
1167:Cision PR Newswire
964:www.abladvisor.com
811:. 19 November 2011
370:Late Stage Lending
215:White House Fellow
19:
653:www.bloomberg.com
619:www.bloomberg.com
163:
162:
149:
144:
141:Andrew Steuerman
139:
132:
1233:
1191:Official Website
1179:
1178:
1176:
1174:
1159:
1153:
1152:
1150:
1148:
1133:
1127:
1126:
1124:
1122:
1117:. 8 January 2015
1107:
1101:
1100:
1098:
1096:
1084:
1078:
1077:
1075:
1073:
1061:
1055:
1054:
1052:
1050:
1035:
1024:
1023:
1021:
1020:
1005:
999:
998:
996:
995:
980:
974:
973:
971:
970:
956:
950:
949:
947:
945:
930:
924:
923:
921:
919:
904:
895:
894:
892:
890:
875:
869:
868:
866:
864:
849:
843:
842:
830:
821:
820:
818:
816:
799:
790:
789:
787:
785:
767:
761:
760:
758:
756:
741:
732:
731:
729:
727:
710:
704:
703:
691:
685:
684:
674:
668:
667:
665:
663:
645:
634:
633:
631:
629:
615:"David B. Golub"
611:
600:
599:
597:
595:
580:
567:
566:
558:
543:
542:
540:
538:
526:
511:
510:
508:
506:
501:on 27 March 2022
500:
494:. Archived from
489:
480:
457:
451:
445:
444:
442:
441:
427:
388:secondary market
158:Official Website
147:
142:
137:
126:
85:
83:
61:Asset management
29:
22:
18:
1241:
1240:
1236:
1235:
1234:
1232:
1231:
1230:
1206:
1205:
1187:
1182:
1172:
1170:
1161:
1160:
1156:
1146:
1144:
1142:The Motley Fool
1134:
1130:
1120:
1118:
1109:
1108:
1104:
1094:
1092:
1085:
1081:
1071:
1069:
1062:
1058:
1048:
1046:
1036:
1027:
1018:
1016:
1007:
1006:
1002:
993:
991:
982:
981:
977:
968:
966:
958:
957:
953:
943:
941:
931:
927:
917:
915:
906:
905:
898:
888:
886:
876:
872:
862:
860:
850:
846:
832:
831:
824:
814:
812:
801:
800:
793:
783:
781:
769:
768:
764:
754:
752:
743:
742:
735:
725:
723:
711:
707:
692:
688:
683:. 6 March 2006.
676:
675:
671:
661:
659:
647:
646:
637:
627:
625:
613:
612:
603:
593:
591:
589:The Motley Fool
581:
570:
559:
546:
536:
534:
527:
514:
504:
502:
498:
487:
481:
460:
452:
448:
439:
437:
429:
428:
424:
420:
400:
384:
372:
363:
343:
283:
270:
255:cash flow loans
243:mezzanine loans
239:
199:
194:
145:
140:
133:
120:
113:
92:
81:
79:
70:
46:
17:
12:
11:
5:
1239:
1229:
1228:
1223:
1218:
1204:
1203:
1201:GDBC on NASDAQ
1198:
1193:
1186:
1185:External links
1183:
1181:
1180:
1169:. 15 June 2020
1154:
1128:
1102:
1079:
1056:
1025:
1000:
975:
951:
925:
896:
870:
844:
822:
791:
775:www.nasdaq.com
762:
733:
705:
686:
669:
635:
601:
568:
544:
512:
458:
446:
421:
419:
416:
399:
396:
383:
380:
376:Silicon Valley
371:
368:
362:
359:
342:
339:
282:
279:
269:
266:
247:private equity
238:
235:
198:
195:
193:
190:
161:
160:
155:
151:
150:
124:Lawrence Golub
121:
118:
115:
114:
112:
111:
106:
101:
95:
93:
90:
87:
86:
76:
72:
71:
69:
68:
63:
57:
55:
51:
50:
47:
42:
39:
38:
35:
31:
30:
15:
9:
6:
4:
3:
2:
1238:
1227:
1224:
1222:
1219:
1217:
1214:
1213:
1211:
1202:
1199:
1197:
1194:
1192:
1189:
1188:
1168:
1164:
1158:
1143:
1139:
1132:
1116:
1112:
1106:
1090:
1083:
1067:
1060:
1045:
1041:
1034:
1032:
1030:
1014:
1013:Bloomberg.com
1010:
1004:
989:
985:
979:
965:
961:
955:
940:
936:
929:
913:
909:
903:
901:
885:
881:
874:
859:
858:TheStreet.com
855:
848:
840:
836:
829:
827:
810:
809:
808:The Economist
804:
798:
796:
780:
776:
772:
766:
750:
746:
740:
738:
722:
721:
716:
709:
701:
697:
690:
682:
681:
673:
658:
654:
650:
644:
642:
640:
624:
620:
616:
610:
608:
606:
590:
586:
579:
577:
575:
573:
564:
557:
555:
553:
551:
549:
533:. ABF Journal
532:
525:
523:
521:
519:
517:
497:
493:
486:
479:
477:
475:
473:
471:
469:
467:
465:
463:
455:
450:
436:
435:Golub Capital
432:
426:
422:
415:
411:
409:
405:
395:
393:
389:
379:
377:
367:
358:
356:
352:
348:
338:
336:
335:
330:
325:
322:
321:San Francisco
318:
312:
310:
306:
302:
297:
295:
290:
288:
278:
275:
265:
263:
258:
256:
252:
248:
244:
234:
232:
228:
224:
220:
216:
212:
211:Bankers Trust
208:
204:
203:New York City
189:
187:
183:
179:
175:
174:middle market
171:
170:asset manager
167:
166:Golub Capital
159:
156:
152:
136:
130:
125:
122:
116:
110:
109:San Francisco
107:
105:
102:
100:
97:
96:
94:
88:
77:
73:
67:
64:
62:
59:
58:
56:
52:
48:
45:
40:
36:
32:
28:
23:
20:Golub Capital
1171:. Retrieved
1166:
1157:
1147:14 September
1145:. Retrieved
1131:
1121:14 September
1119:. Retrieved
1105:
1093:. Retrieved
1082:
1070:. Retrieved
1059:
1049:13 September
1047:. Retrieved
1017:. Retrieved
1015:. 2021-08-11
1012:
1003:
992:. Retrieved
990:. 2018-07-17
987:
978:
967:. Retrieved
963:
954:
942:. Retrieved
938:
928:
918:13 September
916:. Retrieved
889:14 September
887:. Retrieved
873:
863:14 September
861:. Retrieved
847:
838:
834:
815:14 September
813:. Retrieved
806:
784:13 September
782:. Retrieved
774:
765:
755:13 September
753:. Retrieved
726:13 September
724:. Retrieved
718:
708:
699:
695:
689:
678:
672:
662:13 September
660:. Retrieved
652:
628:13 September
626:. Retrieved
618:
594:13 September
592:. Retrieved
565:(16): 28–33.
562:
537:13 September
535:. Retrieved
505:14 September
503:. Retrieved
496:the original
449:
438:. Retrieved
434:
425:
412:
401:
385:
373:
364:
344:
333:
326:
313:
298:
291:
284:
271:
259:
251:dot-com bust
240:
200:
168:is a credit
165:
164:
49:NASDAQ: GBDC
34:Company type
1115:PR Newswire
912:PR Newswire
456:pp. 106-107
355:restaurants
351:health care
285:During the
227:Mellon Bank
138:(President)
135:David Golub
1210:Categories
1019:2021-09-10
994:2020-04-03
969:2018-06-19
440:2021-07-15
418:References
341:Businesses
119:Key people
1091:. Law 360
657:Bloomberg
623:Bloomberg
334:Bloomberg
317:Boot Barn
44:Traded as
1095:23 April
1072:24 April
944:23 April
884:The Deal
492:The Deal
104:New York
54:Industry
1173:16 June
988:Reuters
749:Buyouts
680:Buyouts
406::
305:Atlanta
301:Chicago
225:), and
192:History
154:Website
99:Chicago
80: (
75:Founded
66:Lending
779:NASDAQ
751:. 2010
404:Nasdaq
309:EBITDA
303:, and
294:NASDAQ
274:senior
209:, and
186:NASDAQ
37:public
702:(19).
499:(PDF)
488:(PDF)
1175:2020
1149:2015
1123:2015
1097:2018
1074:2017
1051:2015
946:2018
920:2015
891:2015
865:2015
817:2015
786:2015
757:2015
728:2015
664:2015
630:2015
596:2015
539:2015
507:2015
408:GBDC
347:SaaS
231:fund
82:1994
78:1994
262:CEO
129:CEO
1212::
1165:.
1140:.
1113:.
1042:.
1028:^
1011:.
986:.
962:.
937:.
910:.
899:^
882:.
856:.
839:30
837:.
825:^
805:.
794:^
777:.
773:.
747:.
736:^
717:.
698:.
655:.
651:.
638:^
621:.
617:.
604:^
587:.
571:^
547:^
515:^
490:.
461:^
433:.
394:.
353:,
349:,
1177:.
1151:.
1125:.
1099:.
1076:.
1053:.
1022:.
997:.
972:.
948:.
922:.
893:.
867:.
819:.
788:.
759:.
730:.
700:2
666:.
632:.
598:.
541:.
509:.
443:.
131:)
127:(
84:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
