Funds managed by Goldman Sachs Asset Management have made a strategic preferred equity investment in an affiliate of Varagon Capital Partners.
The strategic partnership is expected to support the growth of Varagon’s lending business, the launch of new vehicles and the continued expansion of the firm.
Varagon, with approximately $15.1 billion in assets under management, has established itself as a solutions-oriented partner to private equity firms, the companies in which they invest and the investors that trust in Varagon to manage assets on their behalf. In a time of uncertainty and volatility in liquid markets, the firm believes it is well-positioned to expand its leadership presence in the core and lower U.S. middle market, a segment of the private credit markets that has, to date, been resilient relative to liquid credit.
