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Private Equity’s Essential Partner: Inside the World of Direct Lending with Greg Cashman
Manage episode 462244362 series 3551654
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In this episode, Golub Capital’s Senior Managing Director, Greg Cashman, joins Lloyd Metz, Doug McCormick, and Sean Mooney to uncover the critical role of direct lenders in private equity. Greg shares Golub’s transition from private equity to direct lending, the importance of alignment between lenders and PE sponsors, and their underwriting strategies for companies and sponsors. Explore how private credit markets have evolved, what makes the best sponsors stand out, and why 2025 is shaping up to be a pivotal year for M&A. Packed with insights from decades of experience, this is an essential listen for private equity professionals and investors.
Episode Highlights
2:20: Greg shares Golub Capital’s origin story and its strategic pivot from private equity to direct lending.
8:48: The benefits of specialization: Why Golub focuses on private equity-backed lending and the advantages sponsors bring to transactions.
20:32: Underwriting sponsors: How Golub evaluates private equity firms and builds trust through transparency and long-term partnerships.
29:08: The rise of private credit markets post-2021 and how Golub positions itself to support sponsors through tailored debt solutions.
37:32: Managing underperformance: The importance of transparency, trust, and creative problem-solving between sponsors and lenders.
47:46: 2025 predictions: Why improving capital markets, favorable economic trends, and M&A momentum could make it a banner year for private equity.
For more information on Golub Capital, visit https://golubcapital.com/
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