F2, the agentic operating system for global credit, has formed a strategic partnership with Golub Capital, a private credit manager with more than US$90 billion of capital under management as of July 1, 2026. Golub Capital will invest US$5 million in F2 and deploy its technology and AI capabilities to strengthen established investment processes. The collaboration is intended to embed institutional knowledge and proprietary data into systems that support underwriting, portfolio management, and firm-wide workflows.
Strategic Investment and Technology Deployment
Under the partnership, Golub Capital will deploy F2's technology and artificial intelligence capabilities across its investment workflows. The firm aims to apply AI to enhance the agility, rigor, and scalability of its processes while preserving disciplined underwriting and risk management. David Golub, Co-Chief Executive Officer of Golub Capital, said the partnership reflects F2's recognition that proprietary knowledge is the firm's most durable competitive advantage and should remain under its control.
Global Credit AI Council
The partnership will also establish the Global Credit AI Council, an invitation-only forum for senior executives from a small number of private markets institutions. David Golub will serve as the inaugural Chair, and the Council is expected to announce its founding members in the coming months. The forum will provide a venue to discuss emerging AI applications, share perspectives on industry adoption, and exchange insights on responsible integration into investment and operating processes.
Don Muir, Co-Founder and Chief Executive Officer of F2, emphasized that global credit runs on proprietary data and institutional knowledge. He said AI should be built around what makes each institution unique, allowing firms to build sovereign AI systems around their own workflows and judgment. Muir added that institutions should retain control of their proprietary data and knowledge without tying their future to any single model provider.
Broader Momentum and Model-Agnostic Architecture
The collaboration follows F2's June announcement of US$24 million in total equity funding, including a US$14 million Seed round led by HighlandX with participation from Y Combinator, Left Lane Capital, and NFX. That capital is intended to scale customized deployments across private credit funds and commercial banks. The new partnership with Golub Capital adds a strategic investor and expands F2's work with a substantial private credit platform.
F2 is built on an LLM-agnostic, finance-grade architecture designed for auditability, data sovereignty, and token efficiency. This approach allows institutions to benefit from advances across frontier and open-weight models without rebuilding core workflows around a single provider. The platform connects financial models, data rooms, investment memos, credit files, and third-party data within a unified intelligence layer.
About F2 and Golub Capital
Headquartered in New York City, F2 provides credit asset managers, banks, and other financial institutions with intelligent systems that support investment, operating, and decision-making processes. The company deploys AI agents across deal screening, underwriting, portfolio management, and firm-wide workflows while maintaining full lineage, auditability, and enterprise-grade controls. Its backers include HighlandX, NFX, Left Lane Capital, and Y Combinator.
Golub Capital is a market-leading direct lender and experienced private credit manager specializing in financing solutions for companies backed by private equity sponsors. As of July 1, 2026, the firm had over 1,100 employees and more than US$90 billion of capital under management, a gross measure including leverage. Golub Capital has offices in North America, Europe, Asia, and the Middle East.
The strategic investment and technology deployment signal deepening adoption of AI within institutional credit. By combining F2's model-agnostic systems with Golub Capital's proprietary knowledge and investment discipline, the partners aim to improve decision-making speed and consistency across private credit workflows. The Global Credit AI Council further extends the collaboration into peer-level dialogue about responsible AI adoption in private markets.