Lawrence Golub
Showing 1–4 of 4 transcripts.
- Milken Institute53 min
Asset Management: Vying for the Competitive Edge | Middle East and Africa Summit 2024
Michael Piwowar, Todd Boehly, Lawrence Golub, Martin Horne, Camilla Languille, Stephanie Rader, Mike Pivovar
Leading global investors, including Mubadala, Eldridge, Golub Capital, and Goldman Sachs Asset Management, discussed strategies for navigating a shifting landscape characterized by the convergence of artificial intelligence and energy infrastructure needs. The panel highlighted specific tactical shifts such as Mubadala's launch of the MGX AI fund, Eldridge's opportunistic crisis lending, and the region's urgent demand for private credit to support Saudi Vision 2030. Additionally, participants analyzed geopolitical diversification away from China toward India and emphasized the Middle East's role as a critical hub for attracting global AI talent and scaling sustainable technology investments.
- Milken Institute1h 0m
Credit Market Outlook
Michael Milken, Ilfryn Carstairs, Pierre de Chillaz, Juan Delgado-Moreira, Lawrence Golub, Robert Petty, Mike Milken
This panel analysis details how global bank retrenchment has created a six-trillion-dollar capital gap filled by non-bank lenders across the U.S., Europe, and Asia, particularly benefiting small and medium enterprises in regions with improved restructuring laws. While U.S. private credit focuses on senior secured floating rate debt to maintain 11–12% returns amid eroding covenants, Asian and European markets present opportunities for value creation through distressed scenarios and significant currency advantages. Industry leaders like Golub Capital and Hamilton Lane highlight a strategic rotation away from junior debt risks toward operational, direct lending structures to capitalize on these structural shifts while managing leverage and currency volatility.
- Milken Institute1h 5m
Global Capital Markets The Search for Value
Laura Deal Lacey, Michael Milken, Gordon Fyfe, Lawrence Golub, Omar Lodhi, Larry Post
Leading institutional investors including BC Pension Fund, Arena Capital, Golub Capital, and emerging markets specialist Omar Choudhry convened to address the intensifying pressure of meeting 6%–7.5% return targets in a low-growth global environment. The panel detailed strategies for overcoming these challenges through geographically diversified active management in India, Africa, and distressed Brazilian assets, while leveraging short-duration high yield and non-bank middle market lending to capture illiquidity premiums. Emphasizing rigorous credit discipline, fee compression via internalization, and deep local partnerships, the group highlighted that sustained performance will rely on avoiding capital preservation failures rather than chasing high-volatility gains.
- Milken Institute1h 2m
Financing the Missing Middle Market
Jonathan Bach, Lawrence Golub, Rick Miller, Jim Moglia, Adam Sokoloff, Barry Volpert
Panelists from Golub Capital, TCW, BMO, and Jefferies convened to define the fragmented middle market segment, ranging from $5 million to $50 million in EBITDA, while analyzing significant pricing inefficiencies and strategic opportunities created by post-crisis banking constraints. The discussion highlighted that direct lenders and private equity firms are leveraging superior underwriting discipline and flexible capital structures to outperform large-cap peers, despite rising concerns over credit froth and potential deflationary shocks. Ultimately, the sector's economic significance is underscored by its contribution to 40% of U.S. GDP and 41% of private net job creation, positioning it as a critical engine for growth even as investor demand reaches record highs.