Private fund adviser · New York, NY
Varagon Capital Partners, L.P.
SEC-registered investment adviser · CRD 281851 · SEC 801-107473
At a glance
Varagon Capital Partners, L.P. is an SEC-registered investment adviser based in New York, New York, with $14.0 billion in regulatory assets under management as of its Form ADV filed July 23, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 479th of 4,686 private fund advisers and 1,091st of 17,210 SEC-registered advisers by assets.
Main office 212-303-9400man.comAs filed on Form ADV
- Regulatory AUM
- $14B
- Rank among private fund advisers
- #479 of 4,686
- Rank among all SEC RIAs
- #1,091 of 17,210
- Rank in New York
- #300 of 2,591
- Clients
- 26
- Accounts
- 26
- Discretionary
- 55% of AUM
- Employees
- 78
- Advisory staff
- 45
- Offices
- 5
Owners and executives on its Form ADV
- Robert J. BourgeoisTreasurer
- Walter J. OwensPresident
- Nancy E. LynchSecretary
- Nadine N. Le GallChief Compliance Officer
- Katherine E. SquireVice President
Custody and brokerage
Custodian
Varagon Capital Partners, L.P.’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.
Broker-dealer
Affiliated broker-dealer
It names an affiliated broker-dealer: MAN Investments Inc..
- MAN Investments Inc. ↗CRD 15770
It doesn’t hold client accounts or customer funds itself. Its annual audited report filed with the SEC, March 2026
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 14 | $8.6B | 61% |
| Insurance companies | 12 | $5.4B | 39% |
Private funds
Varagon Capital Partners, L.P. reports 12 private funds with $2.7B in gross assets: securitized asset funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Varagon Capital Partners, L.P. answers yes to 1 disclosure item in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
How it’s paid
- A percentage of assets under management
- Performance-based fees
- Other
Form ADV and brochures on the SEC’s adviser search ↗man.com ↗
AtlasMembers
The full record on Varagon Capital Partners, L.P.
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 9 years of filings
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- Growth over one, three and five years
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- Rank against 847 peers of its type and size
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- Owners and executives, with titles and stakes
- 5 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Varagon Capital Partners, L.P. manage?
Varagon Capital Partners, L.P. reports $14.0 billion in regulatory assets under management across 26 accounts, 55% of it on a discretionary basis, on its Form ADV filed July 23, 2026.
What kind of firm is Varagon Capital Partners, L.P.?
Varagon Capital Partners, L.P. is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.
Who are Varagon Capital Partners, L.P.’s clients?
By assets, its largest client types are pooled investment vehicles ($8.6 billion, 14 clients); insurance companies ($5.4 billion, 12 clients).
Does Varagon Capital Partners, L.P. manage private funds?
Yes. It reports 12 private funds with $2.7 billion in gross assets, including securitized asset funds, other private funds.
Does Varagon Capital Partners, L.P. have any disciplinary history?
Varagon Capital Partners, L.P. answers yes to 1 disclosure item in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Varagon Capital Partners, L.P.’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-07-23), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →