Golub Capital LLC, a leader in technology lending, announced it has added two senior investment professionals as part of the expansion of its Late Stage Lending ("LSL") platform. Peter Fair, Managing Director, and Robert Sverbilov, Director, will focus on providing LSL debt solutions to growing companies that are backed by venture capital firms or other sophisticated private owners. Fair and Sverbilov will be based in Golub Capital's new San Francisco lending office.
Golub Capital's LSL team seeks to partner with technology companies that are growing quickly and desire to reinvest all or a majority of their cash flow into their business to drive continued expansion. Golub Capital's LSL debt solutions (1) provide the structural flexibility to execute on rapid growth strategies, (2) are far less restrictive and offer greater scale than traditional venture debt or bank debt, and (3) are meaningfully less dilutive than equity.
"Golub Capital has been successfully supporting private equity, growth equity and venture-backed firms in the LSL space for over two years. Adding Peter and Rob deepens our team and will help us meet the increasing demand we're seeing for our LSL solutions in the venture capital community," said Andy Steuerman, Head of Middle Market and Late Stage Lending at Golub Capital.
Fair most recently served as a Managing Director and Co-Head of the West Coast Office of NXT Capital Venture Finance, and Sverbilov most recently served as a Vice President of NXT Capital Venture Finance.
Golub Capital's Late Stage Lending group, a unit of Golub Capital's award-winning Middle Market Lending business, provides compelling financing solutions to technology companies backed by venture capital, growth equity, private equity or other sophisticated private companies. The LSL team holds entire credit facilities from $15 million to $75 million in technology companies undergoing exceptional growth due to new services, increased adoption and/or entry into new markets.