LBO lender Golub Capital raises $600 mln for mid-market fund

Firm: Golub Capital Inc

Fund: Golub Capital Partners 9 LP

Target: $800 mln

Amount raised: $563 mln

The specialty finance company drew in about $305 million for Golub Capital Partners International 9, an entity for overseas investors, and about $258 million for Golub Capital Partners 9 LP, according to Form D filings. The two filings are part of the same fundraise, with one for overseas investors and the other for U.S.-based LPs.

Golub’s potential hard cap for Fund 9 is $800 million, with a closing planned for June, according to a source familiar with the firm. The firm’s Fund VIII in 2012 was oversubscribed with about $835 in commitments, according to a source and Form D filings. (This fund series for Golub marks a switch to Arabic numbers from Roman numerals, according to past Form D filings.)

A spokesman for New York and Chicago-based Golub Capital declined to comment.

Golub Capital does not list a placement agent for Fund 9.

All told, Golub Capital offers senior, one-stop and second-lien loans to U.S. middle-market companies; also late stage lending, broadly syndicated loans and opportunistic credit. The firm’s middle-market lending team seeks hold positions of up to $250 million for its financing deals, according to the firm’s website.

Most recently, Golub Capital served as joint lead arranger, joint bookrunner and administrative agent on a $232.3 million senior credit facility to support the acquisition of PetVet Care Centers LLC by the Ontario Teachers’ Pension Plan.

It also provided financing to support the acquisition of Cycle Gear Inc by J.W. Childs Associates LP.

On the hiring front, Golub Capital named Kenneth Selle as head of loan trading in its broadly syndicated loan unit, according to a prepared statement.

Golub Capital also debuted Golub Capital BDC, a publicly traded business development company, in 2010 on the Nasdaq.