Golub Capital has raised a “record” $20.5bn (£15.3bn) in new investment capital, with total financing commitments closed in 2025 more than $25bn.
The private credit manager said in its preliminary 2025 results that it expanded its global investor base and lending capabilities over the year, acting as lead lender on around 90 per cent of its direct lending transactions.
The $90bn manager also said it increased its presence in Europe over the past year, having closed more than $9bn in financing commitments across the continent since 2020.
Read more: Golub Capital eyes European expansion and unveils new London office
“Our deep relationships, scale and expertise enabled us to continue delivering strong results for investors, sponsors, portfolio companies and our team despite a muted merger and acquisitions environment and high levels of credit stress across the private equity ecosystem,” said David Golub, president of the firm. “We are grateful for our clients’ trust and remain committed to building long-term, win-win partnerships that endure through market cycles.”
Golub Capital’s preliminary results also showed the firm executed a record $24.4bn of securitisations and was ranked as the largest middle-market collateralised loan obligation issuer by volume in the year.
Read more: Golub Capital saw record investment inflows in 2024
During 2025, the alternative asset manager expanded its lending capabilities to support borrowers across technology, healthcare, financial services and business services in the UK, Germany, France and the Nordics, Golub Capital said.
The firm also said it launched a general partner-led secondaries strategy, a new initiative focused on investing in continuation vehicles alongside private equity firms.
Read more: Golub partners with Nassau to offer private credit strategy to insurers
