Goldman Sachs invests in direct lending firm Varagon Capital Partners

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.

GSAM is making the investment through one of its secondary market funds. GSAM declined to comment beyond the news release.

The size of GSAM’s equity investment was not disclosed.

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Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance.

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.

Alter Domus is a leading provider of integrated solutions, serving private equity, real assets and debt capital markets sectors with more than 3,600 employees across 36 offices globally.

Solely dedicated to alternatives, Alter Domus offers fund administration, corporate services, depositary services, capital administration, transfer pricing, domiciliation, management company services, loan administration, agency services, trade settlement and CLO manager services.

Source: Pensions & Investments

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