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Golub Capital Publishes Q1 2025 Middle Market Report

Middle market private companies in the Golub Capital Altman Index grew earnings by 2% during the first two months of the first quarter of 2025. Revenue grew 3% during the same period.

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U.S. Middle Market Continues to Show Strong Earnings and Revenue Growth

Middle market private companies in the Golub Capital Altman Index grew earnings by 9% during the first two months of the fourth quarter of 2024. Revenue grew 6% during the same period.

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The annual roundup highlights the private equity, venture capital, and lenders with track records of backing founder-led companies

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U.S. Middle Market Performance Shows Sustained Stability

Middle market private companies in the Golub Capital Altman Index grew earnings by 8% during the first two months of the second quarter of 2024. Revenue grew 5% during the same period.

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U.S. Middle Market Performance Remains Consistent

Middle market private companies in the Golub Capital Altman Index grew earnings by 11% during the first two months of the second quarter of 2024. Revenue grew 7% during the same period.

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U.S. Middle Market Fundamental Earnings Growth Remains Consistent

Middle market private companies in the Golub Capital Altman Index grew earnings by 11% during the first two months of the first quarter of 2024. Revenue grew 5% during the same period.

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U.S. Middle Market Performance Remains Strong, Defying Consensus

Middle market private companies in the Golub Capital Altman Index grew earnings by 16% during the first two months of the fourth quarter of 2023, the highest year-over-year earnings growth since Q2 of 2021. Revenue grew 7% during the same period.

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The annual roundup highlights the private equity, venture capital and debt firms with the best track records of success backing entrepreneurs

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U.S. Middle Market Shows Strongest Earnings Growth in Two Years

Middle market private companies in the Golub Capital Altman Index grew earnings by 13% during the first two months of the third quarter of 2023, the highest year-over-year earnings growth since Q3 of 2021. Revenue grew 8% during the same period.

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Harri Closes Series B, New Funding to Support Company’s Continued Expansion of Frontline Worker Employee Experience Solutions

Harri, the revolutionary Frontline Employee Experience platform provider, today announced details of its latest funding, which included the close of its Series B. The growth equity round was led by New York-based Atalaya Capital Management, with additional participation from existing investor Golub Growth, an affiliate of market-leading direct lender Golub Capital, and prominent undisclosed strategic investors. Harri will use the $43M in growth equity financing to deliver continued innovation, accelerate growth, and scale in response to market demand.

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Disclosure: Press releases dated before November 9, 2022 refer to Golub Capital Late Stage Lending, the former name of Golub Growth.