Varagon is an asset manager focused on direct lending to middle market companies. Varagon creates lasting partnerships with middle market companies and financial sponsors by delivering innovative, flexible financing solutions across the capital structure. Varagon offers investors a superior means to invest in middle market credit, providing tailored investment services that meet the needs of sophisticated institutions.

A broad investment mandate allows Varagon to offer competitive first-lien, unitranche and second-lien loans, as well as mezzanine financing, to companies with $10 million to $75 million of EBITDA. Varagon targets leveraged and structured finance opportunities of up to $350 million and has a typical hold size of $20 million to $100 million.

Varagon is an independent firm, backed by AIG and by certain partners and affiliates of Oak Hill Capital Management, and launches with a $1.5 billion investment commitment from AIG.