Nassau Financial Group and Golub Capital forge strategic partnership

Nassau Financial Group, an insurance and financial services firm, and Golub Capital, a credit asset management firm, have announced the signing of a definitive agreement to form a strategic partnership.

handshake-bwAs part of this agreement, Golub Capital will invest $200 million in minority non-voting common equity in Nassau, becoming the largest minority equity holder in the firm. This investment is aimed at fueling Nassau’s growth plans, supporting both organic expansion and acquisitions, while strengthening its financial standing.

Furthermore, Nassau and Golub Capital will establish a long-term Investment Management Agreement. This agreement will enable Nassau’s insurance subsidiaries to access Golub Capital’s middle market direct lending strategies through tailored, capital-efficient solutions.

Phil Gass, Chairman and CEO of Nassau, expresses enthusiasm for the new partnership, stating, “We are excited to expand our investor group as we begin a new strategic partnership with Golub Capital.”

Gass continues, “In addition to their significant capital investment, Golub Capital brings a market-leading track record in direct lending that will expand our balance sheet investment capabilities in support of our continued growth.”

David Golub, President of Golub Capital, adds, “Nassau has built an outstanding annuities business, and we are excited to be a part of the next chapter of its growth. This partnership also represents another key milestone in our Insurance Solutions efforts.”

“We are delighted to provide Nassau with both capital-efficient investment solutions in our market-leading direct lending capabilities and strategic capital,” Golub concludes.

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