Mizuho and Golub Capital announce strategic partnership

Mizuho Financial Group and Golub Capital have announced a strategic partnership. As part of the agreement, Mizuho has purchased a passive, non-voting minority stake in Golub Capital’s management companies, and Mizuho will serve as a strategic distribution partner for Golub Capital in Japan, including being the exclusive distributor of Golub Capital’s investment products to retail and high net worth investors in the country. Additionally, Mizuho and Golub Capital will explore collaborating on future “win-win” business opportunities to better serve their respective key stakeholders.

Golub Capital plans to use the proceeds from Mizuho’s investment to further enhance its ability to deliver distinctive, compelling and reliable financing solutions to private equity sponsors. All proceeds from the transaction will remain invested in Golub Capital.

“This strategic partnership represents a strong endorsement of our franchise by a global financial institution with a home office in Japan,” said David Golub, President of Golub Capital. “We remain focused on deepening our commitment to investors in Japan and delivering more opportunities to investors seeking access to our proven private credit strategies.”

This announcement marks the first time Mizuho has taken a direct stake in a U.S.-based private credit asset manager. Golub Capital’s strategy, management team and day-to-day operations will not change as a result of Mizuho’s investment. Mizuho’s stake represents an economic interest in Golub Capital’s management companies of less than 5%. Additional terms of the investment were not disclosed.

Golub Capital is a market-leading, award-winning direct lender and experienced private credit manager. Golub Capital specializes in delivering reliable, creative and compelling financing solutions to companies backed by private equity sponsors. Their sponsor finance expertise also forms the foundation of the Broadly Syndicated Loan and Credit Opportunities investment programs. Golub Capital nurtures long-term, win-win partnerships that inspire repeat business from private equity sponsors and investors.

As of July 1, 2024, Golub Capital had over 950 employees and over $70 billion of capital under management, a gross measure of invested capital including leverage. The firm has offices in North America, Europe and Asia.

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