Key Takeaways
- Golub Capital closed over $25 billion in financing commitments and raised a record $20.5 billion in new investment capital in 2025.
- A new GP-Led Secondaries strategy was launched to enhance collaboration with private equity firms.
- The firm received multiple industry recognitions, including “Lender of the Year – Americas” by Private Debt Investor.
Consistent Performance in a Challenging Environment
Golub Capital has once again delivered solid results in 2025, reflecting its commitment to specialization, which management views as a competitive advantage. President David Golub emphasized that strong relationships and expertise aided in navigating a challenging market, characterized by low M&A activity and significant credit stress.
The firm’s preliminary results highlight its robust credit performance and leadership in sponsor finance. In 2025, Golub Capital closed more than $25 billion in financing commitments, supporting both existing portfolio companies and new ventures across various transaction sizes and facility types. The firm also set a record by raising $20.5 billion in new investment capital, further diversifying its global investor base. Additionally, Golub Capital demonstrated strong operational performance in Europe, closing over $9 billion in financing commitments since 2020.
Golub Capital maintained its reputation as a leading lender, being the lead lender in approximately 90% of its direct lending transactions. The firm boasts an impressive track record, with annual payment default rates significantly lower than the broader U.S. loan market indices for over 20 years.
Strategic Expansions and New Initiatives
To meet growing investor demand, Golub Capital launched a GP-Led Secondaries strategy focused on investing in continuation vehicles alongside renowned private equity firms. This strategic initiative complements the firm’s existing efforts in scaling operations internationally, particularly in key European markets like the U.K., Germany, France, and the Nordics, where expanded lending capabilities cover diverse sectors including technology and healthcare.
The firm also achieved a remarkable $24.4 billion in securitizations, securing its position as the leading middle market CLO issuer for the 13th consecutive year. Following this, Golub Capital now ranks among the top four U.S. CLO managers by assets under management.
Philanthropic Endeavors and Industry Recognition
Golub Capital continued to enhance its community impact through philanthropy, expanding its Nonprofit Board Fellows Network to include 17 of the top 25 U.S. business schools. This initiative prepares thousands of MBA candidates and alumni to serve as effective nonprofit board members.
In terms of industry accolades, Golub Capital was named “Lender of the Year – Americas” by Private Debt Investor and received the award for “Best Performance – Private Debt (Mid Cap)” from The Korea Economic Daily. The firm was also recognized in Newsweek’s list of America’s Greatest Midsize Workplaces for 2025 and acknowledged as a top private credit firm by multiple industry publications.
About Golub Capital
Golub Capital stands as a leading direct lender and award-winning private credit manager, specializing in providing tailored financing solutions to companies supported by private equity sponsors. With over 1,100 employees and more than $90 billion in capital under management as of January 1, 2026, the firm operates globally through offices in North America, Europe, Asia, and the Middle East. Additional information can be found at www.golubcapital.com.
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