Nassau Financial Secures $200M Investment from Golub Capital

Nassau Financial Group said January 7 it completed the $200M sale of a minority stake to Golub Capital, making the credit asset manager its largest minority equity holder.

The fixed annuities and asset management services provider earmarked the investment for initiatives that will support its growth strategy, including acquisitions and strengthening its balance sheet. Golub joins majority controlling equity holder Golden Gate Capital and minority investors Fortress Investment Group, Wilson Reassurance, and Stone Point Capital in backing Nassau.

In addition to the stake sale, Nassau entered into a long-term investment management deal with Golub Capital, giving its insurance subsidiaries access to its partner's middle-market direct lending strategies.

Nassau tapped Goldman Sachs as exclusive financial advisor for the transaction and Sidley Austin as its legal counsel. Morgan Stanley served as Golub Capital's exclusive financial advisor, with Kirkland & Ellis and Foley Hoag providing legal advice.

Written By: Dakota

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Nassau Financial Secures $200M Investment from Golub Capital

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