Golub Capital eyes European expansion and unveils new London office

Golub Capital has announced that it is expanding its European direct lending strategy after five years in the region and moved to a new London office.

The US private credit manager also reported a new record of more than $2.5bn (£1.9bn) in new commitments in 2024.

It said that it has deepened its investment in core verticals of software, financial services and business services, and expanded borrow jurisdictions beyond the UK to include DACH, France, Benelux and the Nordics.

Read more: Golub Capital saw record investment inflows in 2024

Golub Capital now has 12 employees in its London-based direct lending team, and moved last month to a larger office at 10 Portman Square.

“Golub Capital was designed to be best in sponsor finance,” said David Golub, President of Golub Capital. “Central to our vision is building a compelling value proposition for all our partners marked by a strong set of competitive advantages. We are excited to continue to build our partnerships and our competitive advantages in Europe.”

Read more: Golub partners with Nassau to offer private credit strategy to insurers

Golub Capital has over $75bn of capital under management.

Since 2020, the firm has committed more than $7.9bn across more than 70 deals.

The Financial Times reported in April that CVC Capital Partners was exploring making a bid for Golub Capital to expand its footprint in the US.

However the report said that it is understood Golub currently has no plans to sell, and discussions at this stage are just exploratory.