Golub Capital says slower M&A drives demand for liquidity and growth capital
GBDC•Golub Capital said slower M&A activity is extending private equity holding periods and increasing demand for liquidity and growth capital.
1. Liquidity needs rise
Golub Capital's 2026 investor conference highlighted growing liquidity needs as slower M&A activity extends private equity holding periods. The company said market volatility can offer attractive entry prices for high-quality businesses, but lower valuations do not necessarily signal genuine value. It also cited long-standing sponsor relationships and sector expertise as ways to access investments and assess risk.
