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Varagon Capital Partners

SEC-registered adviser since 2016New York, NYCRD 281851

$14.0B
AUM
26
Clients
See fees
Fee
45
Advisory staff

From Form ADV filed 23 July 2026 · data retrieved 15 October 2026SEC record

Varagon Capital Partners is an investment adviser headquartered in New York, New York, and registered with the SEC since 2016. Its clients include pooled investment vehicles and insurance companies.

Its services include portfolio management for pooled vehicles and portfolio management for institutions. Fee arrangements include a percentage of assets under management, performance-based fees and other arrangements. Man Times Square Holdings LLC owns 75% or more of Varagon Capital Partners.

Clients

Varagon Capital Partners serves 26 clients, 14 of them pooled investment vehicles. The average client has about $538 million with the firm.

Regulatory assets by client type
  • Pooled investment vehicles14 clients61%
  • Insurance companies12 clients39%
Show client breakdown
Pooled investment vehicles
Clients
14
Regulatory AUM
$8,559,485,056
Share
61.2%
Avg. per client
$611.4M
Insurance companies
Clients
12
Regulatory AUM
$5,434,684,526
Share
38.8%
Avg. per client
$452.9M

Total

Clients
26
Regulatory AUM
$13,994,169,582
Share
100%
Avg. per client
$538.2M

What it does

Varagon Capital Partners provides portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets, performance-based fees and other arrangements.

Varagon Capital Partners advises 12 private funds.

55.3% of assets ($7.74B across 21 accounts) are managed with discretion; $6.26B across 5 accounts are not. 4% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end
  • Cash2%
  • Other98%
    • Senior secured loans98%

Custodians

Varagon Capital Partners has custody of $281.8M for 20 clients.

Managed account assets by custodian
  • All other custodians$13.99B100%

Ownership and leadership

Man Times Square Holdings LLC owns 75% or more of Varagon Capital Partners.

Who owns the firm
Varagon Capital Partners, L.P.· the adviser

  • Man Times Square Holdings LLC

    Control person · since September 2023

    Owns 75% or more of Varagon Capital Partners, L.P.

Leadership

  • Walter Owens
    President
  • Katherine Squire
    Vice President
  • Nadine Le Gall
    Chief Compliance Officer
  • Robert Bourgeois
    Treasurer
  • Nancy Lynch
    Secretary

Staff

  • 78 employees
  • 45 in advisory functions
  • 2 soliciting firms

Fees

Varagon Capital Partners is paid through a percentage of assets under management, performance-based fees and other.

Brochure fee details have not yet been processed for this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Varagon Capital Partners has 4 offices (2 private residences, listed without an address), with 3 listed addresses across 3 states.

Listed office addresses by state

New York · 1 listed address

  • 299 Park Ave, 24th Floor, New YorkHQ

Other business names

Varagon Capital Partners has reported 2 other business names to the SEC.

  • Man Group
  • Man Varagon

Registration details

Legal name
Varagon Capital Partners, L.P.
Headquarters
299 Park Ave, 24th Floor, New York, NY 10171
Phone
212-303-9400
Website
Not reported
SEC file
801-107473
Structure
Delaware limited partnership
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Varagon Capital Partners have?

Varagon Capital Partners has 26 clients and manages $14 billion for them, as of July 2026. They include 14 pooled investment vehicles and 12 insurance companies.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 23 July 2026

What services does Varagon Capital Partners offer?

Varagon Capital Partners provides portfolio management for pooled vehicles and portfolio management for institutions.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

How many financial advisors does Varagon Capital Partners have?

Varagon Capital Partners has 0 investment adviser representatives registered with state securities authorities, out of 78 employees, and 45 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does Varagon Capital Partners invest in?

At the end of its last fiscal year, Varagon Capital Partners’ separately managed accounts held 98% senior secured loans and 2% cash and equivalents. It advises 12 private funds.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Varagon Capital Partners?

Varagon Capital Partners is owned through a chain of holding companies by Walter Owens and Man Group PLC. Its direct owner is Man Times Square Holdings LLC (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 23 July 2026

How does Varagon Capital Partners get paid?

Varagon Capital Partners is paid through a percentage of assets under management, performance-based fees and other arrangements. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Sources

  1. Form ADV Part 1A, amendment filed 23 July 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 281851.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Varagon Capital Partners, L.P. and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.