Golub hires two as part of expansion up market

Credit asset manager Golub Capital has hired two lending professionals to help lead an expansion of the firm’s focus into the upper middle market, the firm announced today.

[contextly_sidebar id=”TNvGWVBh0SubozEOjJNdanw3ePc94Dxr”]Golub has brought on Hyun Chang and Michael Meagher as managing directors to help build out the firm’s private equity client base in the upper middle market. “Their mission is to develop the private equity client base that needs this capital,” Andy Steuerman, head of middle market lending at Golub, said in an interview.

Chang came from JPMorgan Securities, where he worked as an executive director in the financial sponsors group. Meagher, before joining Golub Capital, worked as a director in the financial sponsors group at Deutsche Bank Securities.

Golub’s underwriting and capital markets teams have been working in this investment range for more than a year, Steuerman said. The goal now is to build out the client base and do more financings at a higher level, up to $400 million, he said. The firm historically has provided deal financing up to $250 million in the middle market, according to Golub’s statement.

“We want to do more [larger financings]; we just didn’t have the relationships,” Steuerman said.

Golub was founded in 1994 and has $10 billion under management. Along with middle market lending, the firm invests in broadly syndicated loans and opportunistic credit, according to its website.

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