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Golub Capital BDC
-5.42%
Financial services / Business development company
At a Glance | Core Facts | Company Due Diligence: | Industry Due Diligence: | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | WebOverview
Golub Capital BDC, Inc. is a publicly traded business development company (BDC) that invests primarily in middle-market companies in the United States. It was founded in 1994 and is headquartered in New York City.
The company’s primary investment objective is to generate current income and capital appreciation by investing in a portfolio of senior secured, one stop, and second lien loans, as well as in equity securities issued by middle-market companies. These companies typically have annual revenues between $10 million and $1 billion.
Golub Capital BDC is externally managed by Golub Capital Investment Advisers, LLC, a subsidiary of Golub Capital. The BDC is regulated by the Securities and Exchange Commission and is required to distribute at least 90% of its taxable income to shareholders in the form of dividends.
In addition to its core middle-market lending business, Golub Capital BDC also manages a number of other financing vehicles, including a publicly traded debt fund, a private debt fund, and a venture lending fund.
The company’s stock is listed on the NASDAQ Stock Exchange under the ticker symbol GBDC.
The company’s primary investment objective is to generate current income and capital appreciation by investing in a portfolio of senior secured, one stop, and second lien loans, as well as in equity securities issued by middle-market companies. These companies typically have annual revenues between $10 million and $1 billion.
Golub Capital BDC is externally managed by Golub Capital Investment Advisers, LLC, a subsidiary of Golub Capital. The BDC is regulated by the Securities and Exchange Commission and is required to distribute at least 90% of its taxable income to shareholders in the form of dividends.
In addition to its core middle-market lending business, Golub Capital BDC also manages a number of other financing vehicles, including a publicly traded debt fund, a private debt fund, and a venture lending fund.
The company’s stock is listed on the NASDAQ Stock Exchange under the ticker symbol GBDC.
What is special about the company?
1. Leading Middle-Market Investment Firm: Golub Capital BDC is one of the largest and most established middle-market investment firms in the United States, with over $30 billion in assets under management.
2. Experienced Management Team: The company’s management team has extensive experience in middle-market lending and has a proven track record of successfully navigating different economic cycles.
3. Diversified Portfolio: Golub Capital BDC has a well-diversified portfolio of investments across various industries, reducing the risk of any single company impacting its performance.
4. Focus on Quality: The company follows a disciplined approach to investing, focusing on high-quality middle-market companies with strong management teams and stable cash flows.
5. Flexible Financing Solutions: Golub Capital BDC offers a range of financing solutions to its portfolio companies, including senior secured loans, unitranche loans, and equity co-investments, providing companies with the flexibility they need to grow.
6. Strong Financial Performance: The company has consistently delivered strong financial results, with consistent dividend payouts and a strong track record of portfolio growth.
7. Investor-Friendly Policies: Golub Capital BDC has a strong commitment to shareholder value and regularly returns excess capital to shareholders through share buybacks and special dividends.
8. Strong Network: The company has a wide network of relationships with private equity firms, investment banks, and middle-market companies, providing it with a steady pipeline of investment opportunities.
9. Emphasis on Risk Management: Golub Capital BDC has a robust risk management framework in place, with a team dedicated to monitoring and managing portfolio risk at all times.
10. Corporate Social Responsibility: The company is committed to supporting its local communities through its philanthropic initiatives and promoting responsible and sustainable business practices.
2. Experienced Management Team: The company’s management team has extensive experience in middle-market lending and has a proven track record of successfully navigating different economic cycles.
3. Diversified Portfolio: Golub Capital BDC has a well-diversified portfolio of investments across various industries, reducing the risk of any single company impacting its performance.
4. Focus on Quality: The company follows a disciplined approach to investing, focusing on high-quality middle-market companies with strong management teams and stable cash flows.
5. Flexible Financing Solutions: Golub Capital BDC offers a range of financing solutions to its portfolio companies, including senior secured loans, unitranche loans, and equity co-investments, providing companies with the flexibility they need to grow.
6. Strong Financial Performance: The company has consistently delivered strong financial results, with consistent dividend payouts and a strong track record of portfolio growth.
7. Investor-Friendly Policies: Golub Capital BDC has a strong commitment to shareholder value and regularly returns excess capital to shareholders through share buybacks and special dividends.
8. Strong Network: The company has a wide network of relationships with private equity firms, investment banks, and middle-market companies, providing it with a steady pipeline of investment opportunities.
9. Emphasis on Risk Management: Golub Capital BDC has a robust risk management framework in place, with a team dedicated to monitoring and managing portfolio risk at all times.
10. Corporate Social Responsibility: The company is committed to supporting its local communities through its philanthropic initiatives and promoting responsible and sustainable business practices.
What the company's business model?
The Golub Capital BDC company is a leading provider of financing solutions for middle-market companies. Their business model centers around providing capital to these companies in the form of loans, equity investments, and other debt instruments. They also offer credit facility and asset management services. Golub Capital BDC focuses on building long-term relationships with its clients and generating steady returns for its investors. Their investment strategy includes assessing the creditworthiness, industry dynamics, and growth potential of potential clients before providing capital. They also diversify their investment portfolio across various industries to manage risk. Additionally, the company leverages its expertise in underwriting and credit analysis to identify and mitigate potential risks in its investment portfolio. Overall, Golub Capital BDC’s business model is based on providing capital and value-added services to middle-market companies while delivering stable and attractive returns to its shareholders.
Interesting facts about the company
1. Golub Capital BDC, Inc. is a publicly traded business development company (BDC) listed on the Nasdaq Global Select Market under the ticker symbol GBDC.
2. The company was founded in 2006 and is headquartered in New York City.
3. Golub Capital BDC is a subsidiary of Golub Capital, a leading credit asset manager with over $30 billion in capital under management.
4. The company primarily invests in middle-market companies across a variety of industries, including but not limited to healthcare, technology, and consumer goods.
5. Golub Capital BDC provides financing solutions to its portfolio companies, including senior secured loans, second lien and subordinated debt, and equity co-investments.
6. As of December 31, 2020, Golub Capital BDC had total investments of $2.3 billion across 224 companies.
7. The company has a diversified portfolio with investments in companies across different sectors and geographies, reducing its risk exposure.
8. Golub Capital BDC has a conservative investment approach, with a focus on investing in companies with stable cash flows, solid management teams, and a history of positive earnings.
9. The company has consistently generated strong returns for its shareholders, with a compounded annual shareholder return of 9.7% since its inception.
10. Golub Capital BDC is known for its strong relationships with its portfolio companies, providing ongoing support and guidance to help them grow and succeed.
11. The company has a strong commitment to environmental, social, and governance (ESG) principles, with a dedicated ESG committee and policies in place to ensure responsible investing practices.
12. Golub Capital BDC has received numerous awards and accolades, including being named the Best BDC at the 2020 Private Debt Investor Awards and the Small Business Investment Company of the Year by the U.S. Small Business Administration in 2015.
13. The company also has a strong philanthropic presence, with a focus on supporting organizations that promote education, health, and community development.
See Company Due Diligence:
2. The company was founded in 2006 and is headquartered in New York City.
3. Golub Capital BDC is a subsidiary of Golub Capital, a leading credit asset manager with over $30 billion in capital under management.
4. The company primarily invests in middle-market companies across a variety of industries, including but not limited to healthcare, technology, and consumer goods.
5. Golub Capital BDC provides financing solutions to its portfolio companies, including senior secured loans, second lien and subordinated debt, and equity co-investments.
6. As of December 31, 2020, Golub Capital BDC had total investments of $2.3 billion across 224 companies.
7. The company has a diversified portfolio with investments in companies across different sectors and geographies, reducing its risk exposure.
8. Golub Capital BDC has a conservative investment approach, with a focus on investing in companies with stable cash flows, solid management teams, and a history of positive earnings.
9. The company has consistently generated strong returns for its shareholders, with a compounded annual shareholder return of 9.7% since its inception.
10. Golub Capital BDC is known for its strong relationships with its portfolio companies, providing ongoing support and guidance to help them grow and succeed.
11. The company has a strong commitment to environmental, social, and governance (ESG) principles, with a dedicated ESG committee and policies in place to ensure responsible investing practices.
12. Golub Capital BDC has received numerous awards and accolades, including being named the Best BDC at the 2020 Private Debt Investor Awards and the Small Business Investment Company of the Year by the U.S. Small Business Administration in 2015.
13. The company also has a strong philanthropic presence, with a focus on supporting organizations that promote education, health, and community development.
See Company Due Diligence:
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