Golub Capital BDC has announced that it originated $59.8 million in new middle market investment commitments during the three months ended September 30, 2011. Of these new investment commitments, $50.4 million funded at close. Overall, total investments in portfolio companies at fair value increased by $21.0 million during the three months ended September 30, 2011 after factoring in debt repayments.
“As expected, new originations for the quarter ended September 30, 2011 declined from a very robust quarter ended June 30, 2011, but still remained strong at approximately $60 million,” commented David B. Golub, CEO with the company. “The new deal pipeline and scheduled closings for the month of October indicate a strong start to the current quarter,” he added, but clarified that the ongoing market volatility could impact new originations.
Golub Capital BDC invests in senior secured, unitranche, mezzanine and second lien loans of middle-market companies that are, in most cases, sponsored by private equity investors. Golub Capital BDC’s, investment activities are managed by its investment adviser, GC Advisors, an affiliate of the Golub Capital group of companies.