Golub finalises one fund, on the trail for its successor

Golub Capital has held a final close on its 10th fund and initial close on its 11th fund, according to Thursday regulatory filings submitted to the US Securities and Exchange Commission.

The New York-based alternative lender raised a $1.76 billion in equity commitments for Golub Capital Partners (GCP) 10 and $351.3 million for Golub Capital Partners 11. GCP 10 and GCP International 10 are the two vehicles making up the fund holding a final close, while GCP 11, GCP International 11 and GCP Rollover consist of the 11th vehicle’s funds.

The firm declined to comment.

GCP 10 marks Golub’s largest fund, with its predecessor fund, GCP 9, having closed on $970 million in July 2015, as Private Debt Investor previously reported. Golub launched its 10th fund in 2015.

Golub lends to mid-market companies and manages more than $20 billion in assets. With offices in Chicago, New York, San Francisco, and Davidson, North Carolina, the firm invests across the multiple industries in North American corporations, primarily through senior secured and one-stop loans.

Golub structures financing packages with hold positions of more than $400 million. The group also underwrites and syndicates senior credit facilities and a proprietary suite of GOLD (Golub One-Loan Debt) facilities up to $750 million.