Golub Capital, the $10 billion lending firm with headquarters in New York and an additional office in Chicago, has opened a San Francisco office and staffed it with two senior hires to help the firm expand into late stage lending. Peter Fair and Robert Sverbilov have been hired as managing director and director, respectively, to lead the effort. They will focus on providing late stage lending solutions to growing tech companies that are backed by venture capital firms.
Fair was previously managing director and co-head of the West Coast office at NXT Capital Venture Finance and Sverbilov was a vice president at the same firm. That firm opted to shut down this part of its business earlier this year. NXT Capital also deals in corporate, equipment and real estate finance.
The duo’s primary mission will be to expand into venture capital backed portfolio companies and help Golub get a stronger foothold there, explained Andy Steuerman, the firm’s head of mid-market lending. The two hires were already based in San Francisco and Golub decided to open an office there as most of the venture capital firms and software tech industry that they’d be targeting is in the Bay area.
Golub Capital’s Late Stage Lending group, a unit of Golub Capital’s mid-market lending business, provides financing solutions to technology companies backed by venture capital, growth equity, private equity or other sophisticated private companies. The LSL team holds entire credit facilities from $15 million to $75 million in technology companies undergoing exceptional growth due to new services, increased adoption and / or entry into new markets.