Acquisition · Activity not yet classified
Varagon Capital Partners, L.P.
Transaction overview
Reported completed
Exact closing date not established.
Man Group reported completion of its acquisition of a controlling interest in Varagon Capital Partners, L.P., following the July 6, 2023 agreement. The original agreement provided for management to retain a 27% interest. The September 7 report confirms completion but does not state the exact closing day.
Selected source-supported transactions; coverage is incomplete. Announcements do not establish completion or that a deal is still pending. Sponsor activity and operating-business transactions are distinct from adviser acquisitions. Unclassified activity is excluded from adviser-only counts.
Source evidence
- Completion of Acquisition of Varagon Capital Partners ↗
Man Group · Published Sep 7, 2023
Sep7 2023 allnecessaryapprovalsreceivedandVaragonCapitalPartnersLPacquisitionhascompleted, exactclosedaynotexplicit; linkJul6announcement. TargetexactrosterCRD281851; noassignmenttoallManentities.
- Man Group to acquire Varagon Capital Partners ↗
Man Group · Published Jul 6, 2023
Jul6 2023 controllinginterestVaragonCapitalPartnersLP agreement;183mcashatcompletion inclclosingadjustment, up93mconditional9yearcapitalcommitmentpayments separate, managementrolls27% andlaterput/call.11.8bnfeeAUM/15.4bncommitmentsincludingleverageasofDec2022 notprice. CompletionexpectedQ3 andrenamedManVaragon; latercandidate7confirmscompleted.
- Man Group to acquire Bardin Hill ↗
Man Group · Published Jul 16, 2025
Jul16 2025 agreementacquire BardinHillcreditmanager3bnAUM. Termsundisclosed; originalstageANNOUNCED latercandidate2completion. Goldman/Houlihanadvisers nottargets. SecondaryVaragon2023sameascandidates7/9.