Golub Capital announced record originations for both the fourth quarter of 2021 and the full year. The Firm closed over $15 billion in commitments during the fourth quarter and over $36 billion in commitments for all of 2021.
 
“2021 was Golub Capital’s best year ever,” said David Golub, President of Golub Capital. “Our team, now over 600-strong, delivered on our mission to be best at sponsor finance, providing compelling financing solutions across 371 transactions while sustaining our long track record of low credit losses and excellent results for investors.”  
 
Additional 2021 Highlights, based on preliminary results:

• 371 transactions ranging in size from less than $10 million to $3 billion
• Over 90% of new loans were to companies controlled by private equity firms Golub Capital has previously worked with 
• Led or co-led a record 38 “mega one-stops” (unitranches above $500 million) in 2021, more than half of all mega one-stop deals completed during the period 
• Strong credit results, reflected in a default rate of approximately 0.16% for the year2 
• Capital under management grew to more than $45 billion as of January 1, 2022

“We are proud to be the financing partner of choice for so many leading private equity firms,” said Greg Cashman, Head of Direct Lending at Golub Capital. “We look forward to continuing to help our borrowers and sponsor partners succeed by providing them financing solutions with scale, reliability, domain expertise, creativity, multi-currency capabilities and flexibility.”   
 
2021 Transaction Highlights include:

• Increased insightsoftware's unitranche facility to over $2 billion, marking the ninth upsize that Golub Capital has led for the company since 2018 to support add-on acquisitions
• Structured 18 multi-currency and non-USD facilities totaling approximately $2.5 billion of commitments, for existing borrowers like FYidoctors as well as new platforms like New Look Vision Group
• Acted as Administrative Agent, Joint Lead Arranger and Joint Bookrunner on a recurring revenue loan facility to support the LBO and merger of three market-leading social good platforms (EveryAction, Social Solutions and CyberGrants) and provided additional committed capital to support future M&A
• Closed over 70 lower middle market transactions in industries including software, veterinary care, restaurants, specialty retail and financial services
• Delivered distinctive execution of complex, time-sensitive syndicated transactions, including a fully underwritten $1.5+ billion unitranche facility to Parts Town