Golub Capital has raised $2bn (£1.6bn) for its sixth credit score alternatives fund, dubbed GEMS Fund 6, beating its goal.
The $65bn credit score asset supervisor mentioned that the fund is its largest credit score alternatives fund thus far, attracting commitments from a spread of institutional and personal wealth buyers throughout North America, Europe, the Center East and Asia.
“We’ve got a confirmed observe report in credit score alternatives with 5 profitable predecessor funds over the previous 17 years,” mentioned David Golub, president of Golub Capital.
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“We’re deeply grateful to all of our current and new buyers, who’ve proven confidence in our capacity to seek out engaging credit score alternatives throughout market cycles.”
The Golub Capital Credit score Alternatives workforce focuses on a sequence of credit score and credit-related sub-strategies in areas together with careworn center market loans, credit score fund secondaries, NAV loans, CLO liabilities, most popular inventory and different liquidity options for sponsor-backed corporations.
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