Golub Capital BDC, Inc. Overview
Pro stress-test →Golub Capital BDC, Inc. (GBDC) is a business development company that invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors. GBDC primarily invests in first lien senior secured loans and is managed by GC Advisors LLC, an affiliate of Golub Capital with over $85 billion in capital under management.
Strategic Profile
Pro stress-test →Golub Capital is a market-leading, award-winning private credit manager that specializes in direct lending to middle market companies and has been dedicated to building long-term partnerships with investors and sponsors for over 30 years. GBDC's annualized IRR on NAV of 9.6% outpaces the BDC peer average of 6.4% with volatility of 8.0% versus peer average of 13.5%.
Competitive Landscape
Pro stress-test →GBDC operates in the competitive BDC lending space alongside competitors including Sixth Street Specialty Lending (TSLX), Carlyle Secured Lending (CGBD), Hercules Capital (HTGC), BlackRock TCP Capital Corp (TCPC), and FS KKR Capital Corp (FSK). GBDC's differentiation stems from Golub Capital's operational expertise, concentrated focus on middle-market sponsors, and consistent outperformance metrics.
Industry Context
Golub Capital BDC, Inc. operates in Business Development Companies / Alternative Credit / Middle-Market Direct Lending.
Key facts
Founded: 2010 · Headquarters: New York, United States · Employees: 250-350 · Revenue: $362.3M (TTM)