Golub becomes second BDC to undertake rights offering this week
Golub Capital has become the second business development company to undertake a rights offering this week, following in the footsteps of Bain Capital, as BDCs seek capital to ride out challenges besetting the market from the coronavirus pandemic 

Credit managers hunker down as idiosyncratic risks persist
A slew of earnings reports from credit managers and business development companies shows that deal-making and performance are robust, but great importance is being placed on credit selection.

BDCs tap bond market to improve funding mix
A plethora of business development companies have turned to the institutional bond market to refinance their debt.

Golub BDC originates $271 million in bumper Q4
Golub Capital BDC disclosed last week that it had originated $271.1 million in middle-market investment for the quarter ending 31 December 2019

Golub makes its way into Europe with big direct lending hire in London
Golub Capital has ticked off one of its big targets for 2020 – establishing a European direct lending business – with market sources indicating that the firm has hired a senior official from Guggenheim in London

US pension allocates to Golub in bid to boost 'non-core fixed income' bucket
The State of New Mexico Investment Council has awarded $100 million to a senior debt fund managed by Golub Capital Partners, as part of a plan to bolster its non-core fixed income bucket

Golub blazes trail to Europe as other US lenders eye partnerships
US direct lenders are looking to diversify their exposures by allocating to European loans, sources say. Last month, Debtwire reported that one of the largest US middle market operators, Golub Capital Partners, was expanding into the continent by building out a team in London. 

Large US direct lender eyes expansion into Europe, reports Debtwire
One of the largest investors in the US middle market is planning to expand into Europe, according to Creditflux’s sister publication Debtwire

BDCs find variety of routes to higher leverage but remain cautious of two-times limit
Business development companies have been granted flexibility by US regulators, but there seems to be little consensus on the best way to take advantage

Dyal buys minority stake in another private credit manager
Following a minority stake acquisition in HPS last month, Neuberger's Dyal has now attained a stake in another New York based private credit manager

US mid-market earnings grow 12.8% in Q4 2017, up from 4.9% in Q3
Earnings in the US middle market grew by 12.8% in fourth quarter 2017, while overall revenue grew by 11.5% during September and October 2017, according to a Golub report

Loan managers pile into BDCs amid possible change to leverage ratios
Golub Capital Partners and TCW are among those to have launched new BDCs as regulators look to revamp leverage limits

US managers win South Korean investment
Ares, Audax and KKR are among the cluster of fund managers that have put their hearts and minds into marketing credit funds in Seoul – with great success

Golub adds loan to insurance broker Epic
Golub Capital has backed Oak Hill Capital’s recent purchase of a stake in Epic Insurance Brokers & Consultants

Devon pension fund hires two firms and creates £150 million private credit bucket
A Devon pension fund is set to introduce a 3% allocation to the private debt asset class.

Golub adds to mid market credit team in Chicago
Golub Capital has made a new hire for its middle market lending team in recent weeks

Golub wins first mandate as US pension fund seeks private credit managers
Nebraska's Police & Fire Pension Investment Board has decided to increase the fund's overall private credit allocation from 0% to 5%

Golub adds to Chicago team after experienced credit originator moves on
Leveraged finance specialist joins direct lender's Chicago office as firm expands