Golub raises $835m for Fund VIII

The firm is unlikely to pursue additional capital, Private Debt Investor can reveal. 

Golub Capital has reached its approximate target for its Capital Partners VIII fund, having raised $835 million across a pair of vehicles, according to US Securities and Exchange Commission documents filed on Thursday.

Golub Capital Partners VIII has raised approximately $485.5 million and Golub Capital Partners International VIII has raised around $354.9 million, according to the filings. A source with direct knowledge of the vehicles told Private Debt Investor that the firm is unlikely to continue fundraising beyond those targets.

Fund VIII held a first close in July 2012, the source said. Limited partners include a mix of institutional investors and high net worth individuals.

Golub’s previous Capital Partners Fund closed on $388 million, well over its $200 million target, according to Private Debt Investor's research and analytics division. LPs in Fund VIII include the Virginia Retirement System and Montgomery County Public Schools Pension Fund.

Golub Capital specialises in mid-market lending, broadly syndicated loan and opportunistic credit strategies. The firm has $8 billion in capital under management, according to its website.