Mizuho purchases non-voting minority stake in Golub Capital

Mizuho’s stake represents less than 5% in Golub Capital’s management companies.

Mizuho Financial Group has purchased a passive, non-voting minority stake in Golub Capital’s management companies.

Mizuho’s stake represents an economic interest in Golub Capital’s management companies of less than 5%, according to a press release. 

Golub Capital is a private credit lender, with over $70b in capital under management and 950 employees across offices in North America, Europe, and Asia. 

Under the partnership, Mizuho will serve as a strategic distribution partner for Golub Capital in Japan and will exclusively distribute its products to retail and high net worth investors in the country.

The two companies said that they will explore collaborating on future business opportunities to better serve their respective key stakeholders.

Golub Capital said that it plans to use the proceeds from Mizuho’s investment to further enhance its ability to deliver distinctive, compelling and reliable financing solutions to private equity sponsors.

All proceeds from the transaction will remain invested in Golub Capital.

This reportedly t marks the first time that Mizuho has taken a direct stake in a U.S.-
based private credit asset manager. 

Golub Capital said that its strategy, management team and day-to-day operations will not change as a result of Mizuho’s investment.