Golub Capital
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| Private | |
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| Founded | 1994 |
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Number of locations
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Key people
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Lawrence Golub (CEO) David Golub (President) Andrew Steuerman (Head of Middle Market and Late Stage Lending) Christina D. Jamieson (Head of Broadly Syndicated Loans) |
| Website | Official Website |
Golub Capital is an U.S.-focused credit asset manager with over $20 billion of capital under management. The firm has primary business lines in middle market lending, late stage lending, and broadly syndicated loans. The firm is also affiliated with Golub Capital BDC, Inc., a business development company that trades on the NASDAQ under the stock ticker symbol, GBDC. Golub Capital is one of the largest non-bank middle market lenders and providers of senior debt. In 2016, the firm was named "Lender of the Year" by Private Debt Investor.
Golub Capital was founded in New York City in 1994 by Lawrence Golub. Golub had previously worked at Allen & Company, Wasserstein Perella & Co., and Bankers Trust. He had also been a White House Fellow. The firm initially operated with $20 million of equity capital under management. Anchor investors in Golub Capital's first fund included Dan Lufkin (of Donaldson, Lufkin & Jenrette), Stanley S. Shuman (of Allen & Company), and Mellon Bank among others. Golub and an assistant were the only employees at Golub Capital's outset, but, by 2000, the firm had between 8 and 10 employees and a fund worth a couple hundred million dollars.
In 2000, the firm began specializing in mezzanine loans. These loans were geared toward private equity-backed companies. Golub Capital no longer made investments in controlled private equity investments in order not to compete with their private equity clients. In the aftermath of the dot-com bust in 2000, the firm achieved success with its mezzanine loans as most cash flow loans became unavailable.
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