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Stock impact report

Private Credit Has New Opportunities in the Gulf, Golub Says [Yahoo! Finance]

Blackrock Health Sciences Trust (BME) 
Company Research Source: Yahoo! Finance
Most Read from Bloomberg How California Sees the World, and Itself Hong Kong's Expat Party Hub Reshaped by Chinese Influx London's Tube Fares Are Set to Rise by 4.6% Next Year Initially, the opportunities for direct lending in the region are likely to be in the “hundreds of millions not billions of dollars,” Lawrence Golub, CEO of the eponymous private credit firm said in an interview. The Gulf has “a great many government-related companies and a great many large family enterprises, who don't really have any need for direct lending capital,” he said. Instead medium-sized businesses, which are really starting to grow in the United Arab Emirates and Saudi Arabia, are an area where the firm can expand into, Golub said. Golub Capital has opened an office in Abu Dhabi, becoming the latest private credit firm to expand in the region where scores of asset managers and hedge funds have flocked in search of capital. Pemberton Asset Management, one of Europe's largest private-credi Show less Read more
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