A burst of growth from technology companies, especially software groups, is behind lender Golub Capital LLC's decision to grow its late-stage-lending unit. The product provides loans to growing, venture-capital backed companies or other private owners. Golub has added two professionals and a new office as part of its expansion in the space - Peter Fair as managing director and Robert Sverbilov as director.
Fair and Sverbilov are both based in San Francisco to be close to Silicon Valley. "The firms that are the most interested are located in the valley," says Golub's Andy Steuerman, head of middle-market and late-stage lending for Golub.