# Golub Capital

Golub Capital is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 1994
- **Assets under management:** Over $70 billion (per the firm, 2024)
- **Website:** golubcapital.com
- **LinkedIn:** https://www.linkedin.com/company/golub-capital

## Regulatory record

- **Reports private funds:** No

## About

Golub Capital is a direct lender and private credit manager founded in 1994 in New York, New York. The company provides financing solutions for companies backed by private equity sponsors. Golub Capital offers services such as sponsor finance expertise, broadly syndicated loans, and credit opportunities investment programs.

## Sectors

- Private Credit
- Enterprise Software
- Healthcare Services
- Industrial Tech
- FinTech

## Offices

- Chicago, IL
- San Francisco, CA
- Boca Raton, FL
- London, United Kingdom

## People

- Lawrence Golub — CEO
- David Golub — President

## Questions

### Who runs investment decisions at Golub Capital?

Lawrence Golub, as CEO, and David Golub, as President, oversee the firm's investment strategy with tight family control spanning three decades. Day-to-day underwriting is led by a deep bench of senior managing directors organized by deal channel — sponsor finance, direct lending, and late-stage lending. The firm's credit committee vets every transaction above a size threshold, maintaining consistency across cycles.

### How does Golub Capital source proprietary deal flow?

Golub Capital sources primarily through relationships with over 700 private equity sponsors, a network built since 1994. Sponsors bring Golub into deals early because of the firm's reputation for certainty of close, flexible structuring, and the absence of competing buyout or equity mandates. A dedicated originations team co-located with sponsor offices in Chicago and San Francisco deepens coverage in the key middle-market corridors.

### Does Golub Capital participate in fund commitments or only direct deals?

Golub Capital operates primarily as a direct lender, originating and holding loans on its own balance sheet and in managed funds. It does not commit capital as a limited partner to third-party private equity or venture funds in a meaningful way. The firm's publicly-listed BDCs, private credit funds, and separately-managed accounts all invest directly in corporate credit originated by Golub underwriting teams.

### Which sectors does Golub Capital explicitly avoid?

Golub Capital avoids oil-and-gas exploration, commodity-linked businesses, and early-stage pre-revenue companies. The firm's credit-first underwriting process screens out cyclical, asset-intensive industries with unpredictable cash flows. It does not invest in public equities, real estate equity, or distressed-for-control strategies, staying disciplined to its middle-market lending mandate even when adjacent markets heat up.

### How is Golub Capital's BDC platform structured relative to its private funds?

Golub Capital operates two publicly-traded business development companies — Golub Capital BDC (NASDAQ: GBDC) and Golub Capital BDC 3 — alongside traditional drawdown private credit funds like the Golub Capital Partners series. The BDCs provide permanent capital that does not need to be returned to investors on a fixed timetable, complementing the closed-end private fund structure. Both platforms invest in the same type of sponsor-backed loans, under the same credit process, with allocation determined by portfolio diversification rules and fund-level covenants.

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Last updated: 2026-06-03T20:00:00.000Z

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