Mizuho Acquires Minority Stake in Private Credit Firm Golub (1)

Mizuho Financial Group Inc. bought a minority stake in Golub Capital, as it seeks to take advantage of the growing private credit markets in the US.

As part of the transaction giving Mizuho a less than 5% passive, non-voting ownership in Golub’s management companies, the Tokyo-based bank will exclusively promote and offer Golub’s investment products to retail and high net worth investors in Japan, according to a statement Monday.

Golub plans to use proceeds from the deal to bolster its capacity to provide financing solutions to private equity sponsors.

The transactions marks Mizuho’s first stake in a US private ...