Goldman Sachs Asset Management is making a preferred equity investment in private debt direct lending firm Varagon Capital Partners to support its further growth, a joint news release said.
With $15.1bn in assets under management as of March 31, Varagon originates senior loans for private equity-backed, U.S. middle-market companies. Varagon executives plan to use the capital investment to expand its business and launch new vehicles. Varagon declined to comment beyond the news release, according to a spokeswoman.
As the primary investing area within Goldman Sachs they deliver investment services for institutions, financial advisors and individuals, drawing from the deeply connected global network and tailored expert insights, across every region and market – overseeing more than $2 trillion in assets under supervision worldwide as of March 31, 2022.
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