Sergio Padilla
Total credit AUM increased to $330bn with inflows of $18.6bn in the quarter.
The partnership has $5bn in investable capital, and follows Oak Hill’s launch of a $1.5bn perpetual BDC.
After slow M&A activity in 2023, private lenders are becoming more aggressive as they fall behind schedule with their deployment of capital.
Golub Capital’s Altman Index shows firm growth in the mid-market was led by healthcare, industrial and tech firms.
The partnership is yet another in a raft of link-ups between a bank and a private credit manager in the last year.
While traditional lenders such as regional banks dial back lending, alternative lenders are filling in the gap.