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Golub Capital Shares Rise After Selling Minority Stake to Neuberger Berman Division

Golub Capital ( GBDC ) shares rose before the close of trading on Friday after the business development company said it has sold a passive, non-voting minority stake in its management companies to Dyal Capital Partners, a division of Neuberger Berman.

Financial terms of the deal were not unveiled.

Golub said in a statement that it will use the investment "as permanent capital to expand the firm's capabilities," and the investment won't change its strategy or day-to-day operations.

Shares rose 0.5% to $19.10 at 3:38 pm ET in New York on Friday.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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