Investment adviser · CRD 281851

VARAGON CAPITAL PARTNERS, L.P.

Investment adviser filing (IA)

NEW YORK, NY, United States · Form ADV filed Jul 23, 2026

Regulatory AUM: $14B
Client accounts: 26
Employees: 78
Advisory professionals: 45

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Pooled investment vehicles	14	$8,559,485,056	61.2%
Insurance companies	12	$5,434,684,526	38.8%

Filing source

Form ADV 2121556 · Jul 23, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

13 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

MDL STRUCTURED NOTES II-A, LLCOther Private Fund · Last reported Jul 23, 2026$865MGross asset value

Fund administrator BANK OF NEW YORK MELLON, NATIONAL ASSOCIATION NEW YORK, New York, United States Investor statements: No (provided to no investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP DALLAS, Texas, United States

Custodian BANK OF NEW YORK MELLON TRUST COMPANY NATIONAL ASSOCIATION NEW YORK, New York, United States Related to adviser: No

Marketer BNP PARIBAS SECURITIES CORP. NEW YORK, New York, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

DELOITTE & TOUCHE LLP
PCAOB 42

BANK OF NEW YORK MELLON TRUST COMPANY NATIONAL ASSOCIATION
LEI 4EP6JBYBTPTQ47LZOB67

BNP PARIBAS SECURITIES CORP.
CRD 15794 · SEC 8-32682

Fund details & source

Fund ID: 805-7210508750
Reported beneficial owners: 3
Minimum commitment: $0

Form ADV 2121556 · Jul 23, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

MAN US DIRECT LENDING EVERGREEN FEEDER (US), L.P. - SERIES L-1Other Private Fund · Last reported Jul 23, 2026$552MGross asset value

Form D fundraising filings

Man US Direct Lending Evergreen Feeder (US), L.P. - Series L-1

Fund administrator INTERNATIONAL FUND SERVICES (N.A.) LLC BOSTON, Massachusetts, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP DALLAS, Texas, United States

Custodian NORTHERN TRUST BANK DALLAS, Texas, United States Related to adviser: No

Custodian STATE STREET BANK AND TRUST COMPANY BOSTON, Massachusetts, United States Related to adviser: No

Marketer MAN INVESTMENTS INC. NEW YORK CITY, New York, United States Related to adviser: Yes

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

DELOITTE & TOUCHE LLP
PCAOB 34

MAN INVESTMENTS INC.
CRD 15770 · SEC 8-32575

Fund details & source

Fund ID: 805-2939943800
Reported beneficial owners: 3
Minimum commitment: $10M
Form D file number: 021-524172

Form ADV 2121556 · Jul 23, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

VARAGON STRUCTURED NOTES ISSUER I, LLCSecuritized Asset Fund · Last reported Jul 23, 2026$455MGross asset value

Fund administrator BANK OF NEW YORK MELLON, NATIONAL ASSOCIATION NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE LLP DALLAS, Texas, United States

Custodian BANK OF NEW YORK MELLON TRUST COMPANY NATIONAL ASSOCIATION NEW YORK, New York, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

DELOITTE LLP
PCAOB 34

BANK OF NEW YORK MELLON TRUST COMPANY NATIONAL ASSOCIATION
LEI 4EP6JBYBTPTQ47LZOB67

Fund details & source

Fund ID: 805-5843181238
Reported beneficial owners: 2
Minimum commitment: $250K

Form ADV 2121556 · Jul 23, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

VIVA FUND I, L.P.Other Private Fund · Last reported Jul 23, 2026$399MGross asset value

Form D fundraising filings

VIVA Fund I, L.P.

Fund administrator ALTER DOMUS CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE LLP DALLAS, Texas, United States

Custodian WELLS FARGO BANK, N.A. MINNEAPOLIS, Minnesota, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

DELOITTE LLP
PCAOB 34

Fund details & source

Fund ID: 805-5604772596
Reported beneficial owners: 2
Minimum commitment: $0
Form D file number: 021-352860

Form ADV 2121556 · Jul 23, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

VARAGON CAPITAL DIRECT LENDING FUND, L.P.Other Private Fund · Last reported Jul 23, 2026$211MGross asset value

Form D fundraising filings

Varagon Capital Direct Lending Fund, L.P.

Fund administrator INTERNATIONAL FUND SERVICES (IRELAND) LIMITED DUBLIN, Ireland Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE LLP DALLAS, Texas, United States

Custodian STATE STREET BANK & TRUST CO. BOSTON, Massachusetts, United States Related to adviser: No

Marketer MAN INVESTMENTS INC. NEW YORK, New York, United States Related to adviser: Yes

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

DELOITTE LLP
PCAOB 34

MAN INVESTMENTS INC.
CRD 15770 · SEC 8-32575

Fund details & source

Fund ID: 805-3573216690
Reported beneficial owners: 8
Minimum commitment: $10M
Form D file number: 021-391735

Form ADV 2121556 · Jul 23, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

VCBD FEEDER I, LLCOther Private Fund · Last reported Jul 23, 2026$117MGross asset value

Form D fundraising filings

VCBD FEEDER I, LLC

Fund administrator INTERNATIONAL FUND SERVICES (N.A.), L.L.C. NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Custodian STATE STREET BANK & TRUST CO. BOSTON, Massachusetts, United States Related to adviser: No

Provider details

Annual audit: No
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

Fund details & source

Fund ID: 805-9673375364
Reported beneficial owners: 16
Minimum commitment: $0
Form D file number: 021-450001

Form ADV 2121556 · Jul 23, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

VCBD FEEDER II, LLCOther Private Fund · Last reported Jul 23, 2026$37.6MGross asset value

Form D fundraising filings

VCBD FEEDER II, LLC

Fund administrator INTERNATIONAL FUND SERVICES (N.A.), L.L.C. NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Custodian STATE STREET BANK & TRUST CO. BOSTON, Massachusetts, United States Related to adviser: No

Provider details

Annual audit: No
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

Fund details & source

Fund ID: 805-8624778778
Reported beneficial owners: 2
Minimum commitment: $0
Form D file number: 021-450004

Form ADV 2121556 · Jul 23, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Jul 23, 2026. View historical filings

Reported services

Pooled investment vehicle management · Business portfolio management

Compensation

Percentage of assets · Performance-based

Principal office

299 PARK AVE, 24TH FLOOR
NEW YORK, NY, 10171, United States

CRD 281851

Filing source

Form ADV 2121556 · Jul 23, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.