Associate, Direct Lending

Firm Overview

Golub Capital is a market‑leading, award‑winning direct lender and experienced private credit manager. We specialize in delivering reliable, creative, and compelling financing solutions to companies backed by private equity sponsors. Our sponsor‑finance expertise underpinned the Broadly Syndicated Loan and Credit Opportunities investment programs, and we nurture long‑term, win‑win partnerships that inspire repeat business from private equity sponsors and investors.

Position Information

Hiring Manager: Senior Vice President

Department: Direct Lending – DL

As of April 1, 2026, Golub Capital had over 1,100 employees and over $90 billion of capital under management, a gross measure of invested capital including leverage. The firm has offices in North America, Europe, Asia and the Middle East.

We believe our long‑term success comes from fostering a culture that draws on diversity of life experience, knowledge, skills and perspectives. We empower our team with distinctive resources for professional and personal growth, cultivating a community in which people can belong and thrive. Learn more about our culture, benefits and people on our website, golubcapital.com.

Department Overview

The European Direct Lending Team provides senior, one‑stop and second‑lien loans to European middle‑market companies, structuring financing solutions with hold positions up to €300 million. They also underwrite senior credit facilities and a proprietary suite of gold‑unitranche facilities up to €600 million. The Middle Market Lending Team covers healthcare, consumer, restaurant and retail, software & technology services, diversified industries and financial services. The team has a strong track record of closing deals on time and at agreed terms, using deep industry knowledge to identify, advise on and implement value‑creation strategies. Key responsibilities include underwriting loans and monitoring the portfolio, working closely with all areas of the firm to ensure seamless execution of all solutions.

Position Responsibilities

The individual will work with Junior and Senior Underwriters to review new investment opportunities and monitor existing investments.

New Deals (70% of time)

• Assist the Underwriting Team in assessing new investment opportunities for the firm.
• Prepare investment and downside‑case financial models.
• Assist in the preparation of investment memoranda for presentation to the Investment Committee:
• Prepare company‑, industry‑ and financial charts and analysis.
• Conduct independent research on company and industry (internet, analyst reports, public comparables).
• Coordinate deal closings.

Portfolio Management (30% of time)

• Assist in preparing portfolio reviews of existing investments:
• Create historical and projected covenant models.
• Write credit analysis of historical and projected financial performance.
• Review internal monitoring templates to ensure accuracy of investment detail.
• Assist in managing accounts by monitoring industry events, company press releases, and monthly/quarterly financials, industry and company research reports.
• Assist in processing amendment/waiver requests as necessary.
• Other duties as assigned.

Candidate Requirements

• Bachelor’s Degree required in Finance, Accounting, Economics or related subject area.
• Minimum 2 years of experience in leveraged credit or investment banking.
• Strong analytical, financial‑modelling and research skills.
• Proficiency in Excel, Word, PowerPoint and other software.
• Organised, detail‑driven and process‑oriented.
• Preferably good comprehension of at least one European language, in addition to English.
• Demonstrated ability to effectively leverage AI tools in day‑to‑day work, with critical thinking to assess accuracy, limitations and appropriate use of AI‑generated outputs.
• Enthusiastic about working in office and creating a Gold‑Standard hybrid work culture.

Critical Competencies for Success

• Leadership – consistently focus on the right goals and priorities, develop themselves and others, influence and engage with others to contribute to a supportive and inclusive culture where all feel welcome.
• Achieving Results – high achievers who develop careful plans and deliver consistently and effectively, hold themselves and others accountable, and remove barriers to enable contribution and growth.
• Personal Effectiveness – build strong relationships, treat others with respect, communicate effectively, drive to exceed expectations and adapt to changing circumstances.
• Thinking Critically – understand our business, rely on analytical reasoning, and seek diverse perspectives to solve problems, anticipate issues and address them in advance.

Department‑Specific Competencies

• Deal Execution – evaluate, structure and execute investment opportunities and transactions.
• Relationship Management – establish, develop and manage internal and external relationships.
• Portfolio Management – actively monitor portfolio companies to identify risks and opportunities that may impact overall performance.
• Risk Management – demonstrate credit acumen by leveraging tools and analyses and interpreting due diligence findings to guide decisions while balancing risks and rewards.
• Financial Analysis – use financial analyses to generate insights and support fact‑based decision making.
• Competitive Positioning – demonstrate knowledge of the firm’s capabilities, its position in the industry, competitors’ capabilities and end markets; recognize implications of knowledge on firm’s positioning.
• Legal Documentation – demonstrate knowledge of legal documentation, processes and procedures.

Compensation & Benefits

Compensation will be commensurate with experience. Golub Capital Europe offers a full range of benefits, including Life Assurance, Income Protection, Critical Illness, Private Medical Insurance and Pension.