Golub in ninth debt fund raise

Golub Capital, the US mid-market lender, is raising its ninth fund for general mid-market private debt investments. The fund raised $562 million in equity commitments for its US-domiciled Golub Capital Partners 9 fund and Cayman Islands-domiciled Golub Capital Partners International 9 (an offshore version for ex-US investors), according to recent filings with the Securities and Exchange Commission.

The firm plans to employ some leverage and raise more money for a final close later this year at $2 billion, according to a source familiar with Golub’s plans.

The fund comes a year after the firm raised its predecessor Golub Capital Partners VIII, which closed on $480 million last January.

Golub Capital’s mid-market lending team structures financing solutions with hold positions of up to $250 million as well as offering underwritten and syndicated facilities of up to $500 million. The firm manages money through its private closed-end funds, a publicly traded BDC, separate accounts and other vehicles. 

Golub has $10 billion of capital under management in four business lines: middle-market lending, late stage lending, broadly syndicated loans and opportunistic credit. The firm’s lending offices are located in Chicago, New York and San Francisco.