Dyal Capital Partners acquired a minority stake in Golub Capital, a news release from Golub said.
Terms of the deal and the size of Dyal's investment were not disclosed.
Golub Capital, a New York-based private credit manager, will use the cash infusion to "expand the firm's capabilities to deliver distinctive, compelling and reliable financing solutions to its private equity sponsors and attractive, consistent returns for investors in its funds," according to the release.
Golub Capital will continue to operate as an independent manager with no changes in its leadership and investment teams or investment process.
Golub Capital manages about $25 billion in various private credit strategies including middle-market direct lending, late-stage lending and broadly syndicated loans.
"Golub has built a world-class franchise through its relentless focus on nurturing long-term, win-win partnerships with private equity sponsors, investors, financing partners and employees," Michael Rees, managing director and head of Dyal Capital Partners, said in the news release.
Alexander Samuelson, a spokesman for Neuberger Berman Group, declined to comment on the deal. Dyal is a division of Neuberger Berman.
Mr. Samuelson said Dyal's investment in Golub Capital is from Dyal IV.
Dyal's passive, non-voting, permanent minority stakes typically are less than 20%.
