Golub Capital saw record investment inflows in 2024
Golub Capital raised a record $15bn (£12.26bn) in new investment capital last year, thanks to strong deal activity, and the firm’s ongoing global expansion.
Inflows were boosted by the close of the firm’s largest credit opportunities fund to date, with $2bn.
The private credit fund manager closed more than $27bn in financing commitments globally in 2024, the most since 2021. The company also continued to expand deal activity in Europe, closing $2.5bn in financing commitments in total across the year.
Golub Capital maintained its 20-year track record of keeping its average annual payment default rates below the broadly syndicated loan index.
Read more: Golub partners with Nassau to offer private credit strategy to insurers
The fund manager also executed a record $14.9bn of securitisations last year. Golub Capital was the number one issuer of US middle market collateralised loan obligations (CLOs) and the number three issuer of CLOs in the US overall.
David Golub, president of Golub Capital, described the firm’s annual results as “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,” he said.
“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.”
Read more: Golub Capital BDC restructures debt to reduce costs and enhance flexibility
Last year, Golub Capital expanded its client service capabilities across investor segments and grew its global footprint with a local presence in key international markets and a series of senior hires. The firm opened a new office in Tokyo, and announced plans to open an office in Abu Dhabi.
It also extended its private wealth capabilities, providing more investors with access to Golub Capital’s private credit expertise. The Golub Capital Private Credit Fund ended the year with assets in excess of $4bn.
The company also invested in its philanthropic efforts by launching the Golub Capital Nonprofit Board Fellows Network with seven leading business schools to prepare MBA candidates and alumni to become impactful nonprofit board members.
It also 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.
Read more: Golub Capital raises $2bn for sixth credit opportunities fund
