Mizuho Bank has agreed to acquire a less than 5% stake in U.S.-based Golub Capital, aiming to expand its alternative investment offerings to wealthy clients in Japan. The investment, estimated to be in the tens of billions of yen (around $70 million), also includes exclusive rights to sell Golub’s private debt products domestically.
Golub Capital, a prominent player in the private debt market, specializes in lending to mid-sized companies. Its variable-rate loan products, insulated from inflation, are expected to appeal to Japanese investors seeking stable returns.
The move comes as Mizuho’s parent company, Mizuho Financial Group, seeks to grow its asset management business, targeting a goal of $1 trillion in assets under management within the next decade. With alternative investments accounting for a growing share of global assets, Mizuho’s partnership with Golub will help it overcome its prior limitations in the alternative investment space.
Golub, established in 1994, brings long-standing expertise, having weathered financial crises and built a strong market position in the U.S. private debt sector.
