Golub Capital has hired Chip Cushman as its newest Managing Director in its middle market lending group. Mr. Cushman will be responsible for originating, underwriting, executing and monitoring investments for the firm. He will be based in Golub’s New York office and will cover the New York metro and the DC metro areas.
Mr. Cushman was most recently a Managing Director at GE Antares where he was responsible for developing and maintaining relationships with private equity firms and originating and evaluating new lending opportunities, including first lien, second lien and unitranche loans.
Golub offers buy-and-hold products ranging from $10 million to $75 million and includes one-loan financings, senior, 2nd lien and subordinated debt, preferred stock and co-investment equity. The firm underwrites and syndicates loans up to $500 million and will hold up to $250 million per transaction. Industries of interest include consumer products, business and consumer services, defense, manufacturing, value-added distribution, media, healthcare services and restaurants. Golub has offices in New York, Chicago, and San Francisco (www.golubcapital.com).
According to Andy Steuerman, Golub’s head of middle market lending and late stage lending, Mr. Cushman’s 20 plus years of experience will be a strong addition to Golub. “We are thrilled to have Chip join our middle market lending team. He brings many years of hands-on experience, a thorough understanding of the direct lending environment, and a significant number of valuable sponsor relationships. He will be instrumental in our efforts to expand our business and provide unmatched reliability and service to our growing network of clients.”
Golub Capital has also announced that Matt Fulk and Craig Palmer, both active in the underwriting function at Golub, will be taking on new roles in loan origination.
“Matt and Craig have shown impressive leadership in their roles as underwriters at the firm, through which they have forged valuable relationships with our clients. Their new responsibilities will allow them to build on these important relationships and create new ones as Golub continues to grow,” added Mr. Steuerman.
2015 PEPD • Private Equity’s Leading News Magazine • 5-18-15
