Corrects paragraph 3 of April 11 story to say that Golub was founded in 1994, not 1991; removes unrelated stock symbol from paragraph 1; drops paragraph 4 to remove reference to shares
April 11 (Reuters) - European private equity firm CVC CVC.AS is exploring a deal for $75 billion private credit lender Golub Capital, the Financial Times reported on Friday, citing several people familiar with the situation.
The private credit sector, which involves institutional lending to companies outside of traditional banking channels, has grown rapidly in recent years, as stricter regulations have increased the cost for traditional lenders to finance riskier loans.
Founded in 1994, Golub manages over $75 billion in assets and employs more than 1,000 professionals, according to its website.
It remains uncertain whether ongoing discussions will result in a deal, as Golub Capital is not considering a sale, the report added, citing a person close to the matter.
CVC and Golub did not immediately respond to Reuters' requests for comment.
(Reporting by Anshuman Tripathy in Bengaluru; Editing by Mohammed Safi Shamsi)
((Anshuman.Tripathy@thomsonreuters.com;))