Golub Capital Raises $2B for Credit Ops Fund
Golub Capital has raised its biggest credit opportunities fund yet by picking up $2 billion of investable capital for its oversubscribed sixth credit opportunities fund, GEMS Fund 6, L.P., as the firm continues to build out its global presence.
The fund will focus on credit and credit-related sub-strategies in areas related to the Firm’s market-leading direct lending franchise, including stressed middle market loans, credit fund secondaries, NAV loans, CLO liabilities, preferred stock and other liquidity solutions for sponsor-backed companies.
“We have a proven track record in Credit Opportunities with five successful predecessor funds over the past 17 years,” said David Golub, president of Golub Capital. “We are deeply grateful to all of our existing and new investors, who have shown confidence in our ability to find attractive credit opportunities across market cycles.”
As of the beginning of the year, NY-based Golub Capital had over $65 billion of capital under management.