Fund Managers

Ares Capital, Varagon partnership goes live

Kipp deVeer touted the JV and Ares Capital’s acquisition of American Capital as evidence of his firm’s ability to lead ever-larger transactions, despite concerns over a decline in deal quality.

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The Ares Capital Corporation (ARCC) and Varagon Capital Partners have formalised their partnership, the Senior Direct Lending Programme (SDLP), announced last year.

The programme now has $926 million in first lien senior secured loans with 10 borrowers, ARCC chief executive Kipp deVeer (pictured) said on the business development company’s earnings call on Wednesday.

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