Golub Capital BDC, Inc.(GBDC), a business development compan y, has reported a significant increase in total investments at fair value for the second quarter of 2023. Additionally, the company has announced substantial new middle-market investment commitments during the same period.**
Golub Capital BDC, Inc. (GBDC) has released its financial results for the three months ended June 30, 2023. The company, which specializes in one-stop and senior secured loans to middle-market companies, reported an increase in total investments at fair value and disclosed the details of its new middle-market investment commitments.
During the second quarter of 2023, GBDC originated $110.7 million in new middle-market investment commitments. The majority of these commitments, approximately 99%, were in the form of one-stop loans, while 1% were senior secured loans. Equity and other securities made up less than 1% of the new commitments. Out of the total commitments, $105.9 million funded at close.
The total investments at fair value for GBDC are estimated to have increased by approximately 0.7%, or $38.6 million, during the three-month period. This increase takes into account factors such as debt repayments, sales of securities, net fundings on revolvers, and the net change in unrealized gains (losses).
Golub Capital BDC, Inc.: Focusing on Middle-Market Investments
GBDC, an externally-managed, non-diversified closed-end management investment company, has elected to be treated as a business development company under the Investment Company Act of 1940. The company primarily invests in one-stop and senior secured loans to middle-market companies, often backed by private equity investors. These investments provide companies with the necessary financing for their growth and expansion plans.
The investment activities of GBDC are managed by its investment adviser, GC Advisors LLC, which is an affiliate of the Golub Capital LLC group of companies. By leveraging the expertise and resources of Golub Capital, GBDC aims to deliver reliable and compelling financing solutions to its portfolio companies.
Golub Capital: A Market-Leading Direct Lender
Golub Capital, the parent company of GBDC, is a renowned direct lender and experienced credit asset manager. The firm specializes in providing financing solutions to companies backed by private equity sponsors. With its sponsor finance expertise, Golub Capital has established itself as a market leader in the industry.
In addition to its direct lending activities, Golub Capital also operates Broadly Syndicated Loan and Credit Opportunities investment programs. These programs further contribute to the company's success in nurturing long-term partnerships with private equity sponsors and investors.
As of April 1, 2023, Golub Capital manages over $60 billion of capital, which includes leverage. With more than 800 employees, the firm maintains lending offices in Chicago, New York, San Francisco, and London.
For more information about Golub Capital and its subsidiaries, visit the official website at golubcapital.com.