Varagon Capital Partners, L.P.
- Regulatory AUM
- $14.0B
- Discretionary
- $7.7B
- Clients
- 26
- Avg AUM / client
- $538M
- Accounts
- 26
- Employees
- 78
AUM over time
Annual snapshots from Form ADV filings · as of Jul 23, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 14 | $8.6B | 61.2% |
| Insurance companies | 12 | $5.4B | 38.8% |
Private funds (10)
Reported in Form ADV Section 7.B.(1), filing of Dec 2024 · $1.6B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Varagon Structured Notes Issuer I, Llc | Securitized Asset Fund | Delaware | $508M | 2 |
| Viva Fund I, L.P. | Other Private Fund | Delaware | $439M | 2 |
| Varagon Capital Direct Lending Fund, L.P. | Other Private Fund | Delaware | $213M | 8 |
| Man Us Direct Lending Evergreen Feeder (Us), L.P. Series L 1 | Other Private Fund | Delaware | $202M | 2 |
| Vcbd Feeder I, Llc | Other Private Fund | Delaware | $126M | 1 |
| Vcbd Feeder Ii, Llc | Other Private Fund | Delaware | $40.2M | 1 |
| Varagon Capital Direct Lending International, Scsp | Other Private Fund | Luxembourg | $31.7M | 2 |
| Vcc Professionals Fund, L.P. | Other Private Fund | Delaware | $2.8M | 0 |
| Varagon Professionals Fund, L.P. | Other Private Fund | Delaware | $1.3M | 0 |
| Varagon Professionals Fund Ii, L.P. | Other Private Fund | Delaware | $700K | 1 |
People (5)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Owens, Walter, James | President | Sep 2023 (3y) | ≈ 18.75% – 50% via Man Times Square Holdings Llc | |
| Bourgeois, Robert, Jacob | Treasurer | Dec 2023 (3y) | Less than 5% | |
| Hamilton, Douglas, Winter | Vice President | Dec 2023 (3y) | Less than 5% | |
| Le Gall, Nadine, Nmn | Chief Compliance Officer | Mar 2024 (2y) | Less than 5% | |
| Lynch, Nancy, Ellen | Secretary | Dec 2024 (2y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Man Times Square Holdings Llc | Sole Limited Partner | Sep 2023 | A | 75% or more |
| Man Times Square Gp Llc | General Partner | Sep 2023 | A | Less than 5% |
| Man Investments Usa Holdings Inc. | Shareholder | Aug 2006 | B | ≈ 28.13% – 75% via Man Investments Holdings Inc. |
| Man Worldwide Operations Management Ltd. | Shareholder | Oct 2024 | B | ≈ 21.09% – 75% via Man Investments Usa Holdings Inc. |
| Man Group Treasury Ltd. | Shareholder | May 2019 | B | ≈ 15.82% – 75% via Man Worldwide Operations Management Ltd. |
| Man Group Plc | Shareholder | May 2019 | B | ≈ 11.87% – 75% via Man Group Treasury Ltd. |
| Man Investments Holdings Inc. | Shareholder | Sep 2023 | B | ≈ 37.5% – 75% via Man Times Square Holdings Llc |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Owens, Walter, James: 25% – 50% of Man Times Square Holdings Llc × 75% – 100% direct ≈ 18.75% – 50% of the firm
- Man Investments Usa Holdings Inc.: 75% – 100% of Man Investments Holdings Inc. × 50% – 75% of Man Times Square Holdings Llc × 75% – 100% direct ≈ 28.13% – 75% of the firm
- Man Worldwide Operations Management Ltd.: 75% – 100% of Man Investments Usa Holdings Inc. × 75% – 100% of Man Investments Holdings Inc. × 50% – 75% of Man Times Square Holdings Llc × 75% – 100% direct ≈ 21.09% – 75% of the firm
- Man Group Treasury Ltd.: 75% – 100% of Man Worldwide Operations Management Ltd. × 75% – 100% of Man Investments Usa Holdings Inc. × 75% – 100% of Man Investments Holdings Inc. × 50% – 75% of Man Times Square Holdings Llc × 75% – 100% direct ≈ 15.82% – 75% of the firm
- Man Group Plc: 75% – 100% of Man Group Treasury Ltd. × 75% – 100% of Man Worldwide Operations Management Ltd. × 75% – 100% of Man Investments Usa Holdings Inc. × 75% – 100% of Man Investments Holdings Inc. × 50% – 75% of Man Times Square Holdings Llc × 75% – 100% direct ≈ 11.87% – 75% of the firm
- Man Investments Holdings Inc.: 50% – 75% of Man Times Square Holdings Llc × 75% – 100% direct ≈ 37.5% – 75% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (10, $1.6B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Varagon Structured Notes Issuer I, Llc | Securitized Asset Fund | $508M | $250K | 2 |
| Viva Fund I, L.P. | Other Private Fund | $439M | $0 | 2 |
| Varagon Capital Direct Lending Fund, L.P. | Other Private Fund | $213M | $10.0M | 8 |
| Man Us Direct Lending Evergreen Feeder (Us), L.P. Series L 1 | Other Private Fund | $202M | $10.0M | 2 |
| Vcbd Feeder I, Llc | Other Private Fund | $126M | $0 | 1 |
| Vcbd Feeder Ii, Llc | Other Private Fund | $40.2M | $0 | 1 |
| Varagon Capital Direct Lending International, Scsp | Other Private Fund | $31.7M | $10.0M | 2 |
| Vcc Professionals Fund, L.P. | Other Private Fund | $2.8M | $0 | 0 |
| Varagon Professionals Fund, L.P. | Other Private Fund | $1.3M | $0 | 0 |
| Varagon Professionals Fund Ii, L.P. | Other Private Fund | $700K | $0 | 1 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 06/11/2026 | 4.27 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: FAILURE TO FILE ATTORNEY REGISTRATION STATEMENT AND TIMELY DAY REGISTRATION FEE Status: Pending Summary: EFFECTIVE SEPTEMBER 14, 2023, AFSAR FARMAN-FARMAIAN WAS REINSTATED AS AN ATTORNEY AND COUNSELOR-AT-LAW WITH THE SUPREME COURT OF THE STATE OF NEW YORK APPELLATE DIVISION: FIRST DEPARTMENT.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Performance-based fees
- • Other fees
- • ORIGINATION & OTHER FEES RELATED TO ARRANGEMENT OF LOANS
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Firm reports having custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jul 23, 2026.
View current Form ADV (SEC/IAPD) ↗