New York-based Golub Capital is expanding its services for upper middle market private equity sponsors with two new hires. The firm is bringing on Hyun Chang and Michael Meagher as managing directors to focus on providing a “full range” of solutions to upper middle market clients and transactions, the firm says.
Chang and Meagher will be based in the firm’s New York office.
Golub, a $10 billion credit asset manager, structures financing solutions with hold positions of up to $250 million for its middle market lending group. The team also underwrites and syndicates senior credit facilities and a proprietary suite of GOLD (one-loan debt) facilities, up to $500 million.
“These gentlemen increase our ability to serve our upper middle market clients who see the changing competitive and regulatory landscape and seek value-added capital from growing non-bank sources,” said Andy Steuerman, head of middle market lending at Golub Capital in a statement.
Chang joins the firm from the Financial Sponsors Group of J.P. Morgan Securities where he was an executive director. Meagher most recently served as a Director in the Financial Sponsors Group of Deutsche Bank Securities, Inc.
Golub is currently in the market for its Golub Capital Partners International 9 fund, and had raised $190.01 million as of July, according to Private Equity International’s research and analytics division.