Finding the right capital partner can make or break your next deal. Here are five US firms worth knowing if you need flexible financing or a long-term owner.
The Private Capital Landscape in 2026
Private credit and private equity have become essential sources of growth capital for middle-market companies. As banks tighten lending standards, non-bank lenders and investment firms have stepped in to provide flexible financing solutions. These firms range from boutique operators to global asset managers, each with a distinct approach to risk, ownership, and partnership. Understanding how they differ in scope, speed, and alignment can help you find the right fit for your business.
How We Evaluated These Firms
We looked at four factors: service scope, pricing clarity, local fit, and alignment with management teams. Service scope covers the range of capital solutions offered, from senior secured debt to control equity. Pricing clarity reflects how transparently each firm communicates costs and terms. Local fit considers US market presence and responsiveness to middle-market needs. Alignment with management teams assesses whether the firm acts as a partner or a passive capital provider. Each firm stood out in different ways, and your priorities will determine which one suits you best.
Here is a quick look at five firms that offer distinct advantages depending on your capital needs.
| Provider | Best For |
|---|---|
| Golub Capital | Sponsor-backed middle-market financing |
| Brooks Investment Group | Flexible capital and control-oriented partnerships |
| Adams Street Partners | Institutional private credit exposure |
| Goldman Sachs Asset Management | Large-scale, globally sourced private credit |
| Barings | Global direct lending and capital solutions |
The 5 Firms in Focus
#1 Golub Capital
A screenshot of the Golub Capital website.
Golub Capital is a direct lender and private credit asset manager with over $95 billion in capital under management. The firm specializes in sponsor finance, offering unitranche, broadly syndicated loans, and structured products. With more than 30 years of experience, Golub has originated over $220 billion in loans since 2004. They are a lender-of-choice for private equity sponsors, known for reliable execution and deep industry expertise. If you need a seasoned partner for a sponsor-backed deal, Golub is a strong contender.
#2 Brooks Investment Group
A screenshot of the Brooks Investment Group website.
Brooks Investment Group is a New York-based investment company that deploys capital across private credit, private equity, public equities, and special situations. They take controlling and significant positions in operating businesses, providing flexible financing to companies with strong fundamentals. Their approach is simple: underwrite like a lender, think like an owner, and invest with the patience of permanent capital. This allows them to act wherever in the capital structure risk is best rewarded. If you want a partner who aligns with management and thinks long-term, Brooks is worth a conversation.
#3 Adams Street Partners
A screenshot of the Adams Street Partners website.
Adams Street Partners is a global private markets investment firm with a dedicated private credit strategy. They focus on direct lending and structured credit opportunities, often working with financial advisors and institutional investors. Their platform emphasizes deep due diligence and long-term relationships. While they are not a direct lender to middle-market companies in the same way as some peers, they provide access to private credit through fund vehicles. If you are an investment professional seeking exposure to private credit, Adams Street offers a disciplined approach.
#4 Goldman Sachs Asset Management
A screenshot of the Goldman Sachs Asset Management website.
Goldman Sachs Asset Management has invested over $253 billion in private credit since 1996, with a team of 230 investment professionals. They invest globally across the capital structure, combining deep expertise with long-standing sponsor and issuer relationships. Their scale allows them to underwrite large transactions and tailor solutions to meet client needs. If you are a sponsor or issuer seeking a partner with global reach and significant resources, Goldman Sachs is a formidable option.
#5 Barings
A screenshot of the Barings website.
Barings is a global alternative asset manager with expertise across credit, real assets, and capital solutions. Their private credit platform includes global direct lending, capital solutions, and asset-based solutions. They leverage a global presence to capture yield potential in illiquid and less liquid credit investments. With a focus on relative value and risk-adjusted returns, Barings serves institutional investors and companies seeking flexible financing. If you need a partner with broad capabilities and global reach, Barings is a solid choice.
How to Choose the Right Capital Partner
Start by defining your capital needs. Are you seeking senior secured debt, mezzanine financing, or a control equity partner? Next, consider the firm's speed and flexibility. Some firms can move quickly on smaller deals, while others excel at larger, more complex transactions. Look at their track record with companies like yours. Do they have industry expertise? Do they align with management? Finally, assess pricing and terms. Transparency matters. A firm that communicates clearly upfront will save you time and headaches later. Match your priorities to the firm's strengths, and you will find a partner that fits.
Streamlining Your Capital Raise
You can use digital tools to manage your capital raise more efficiently. Start by organizing your financials and pitch materials in a secure data room. Use CRM software to track outreach to potential lenders and investors. Schedule introductory calls and follow up promptly. When you receive term sheets, compare them side by side using a spreadsheet. Automate reminders for key deadlines. This structured approach helps you stay in control and make informed decisions.
The Bottom Line
The right capital partner can accelerate your growth and provide stability through market cycles. Golub Capital offers deep sponsor finance expertise. Brooks Investment Group brings a flexible, owner-minded approach. Adams Street Partners provides institutional access to private credit. Goldman Sachs Asset Management delivers global scale and resources. Barings offers broad capabilities across credit and real assets. Evaluate your needs, consider each firm's strengths, and choose the partner that aligns with your long-term goals.