Golub Capital planning #UAE presence to raise more funds for private credit investment

Golub Capital planning UAE presence to raise more funds for private credit investment

Golub Capital, a $60-billion direct lender and asset manager, plans to set up a UAE office to broaden the pool of its regional investors and raise more money for its private credit strategies, its chief executive has said.

A permanent presence in the UAE will not only open new avenues of funding for Golub in the Arab world’s second-largest economy, but also across the wider Gulf and Mena regions, Lawrence Golub told The National in an interview in Abu Dhabi.

A future base in the UAE is in line with the company’s plans to increase its global footprint. However, Golub has yet to decide where in the Emirates it will set up its base.

“At some point in the future, we'll have a permanent office here,” Mr Golub said of the UAE.

“We have expanded to London and we have 20 people there. We just recently announced opening a small office in Hong Kong. So, opening an office in the Gulf region will be very consistent with the other places. We are big believers in having regular local presence."