Industry News
New York-based Varagon specializes in directly originated senior loans to private equity-backed U.S. middle market companies.
The firm is also hiring a new fund manager on July 25.
He will be responsible for managing the European investment team as well as the origination of new investment opportunities, investment due diligence and portfolio management.
All participating institutions had more than 5% of their U.S.-based assets with diverse-owned firms, however, more than two thirds of the wealthiest 25 private and 25 public college and university endowments refused to participate in an assessment of the diversity of their asset managers.
Foundation’s previous v.p. for finance and cfo transitioned to a new role as advisor to the cfo.
New CEO joined manager from security screening company Evolv Technology, where he served as cfo.
He first joined the consultant in 1999 as a senior research associate focused on domestic small-cap equity before leaving in 2003.
The transaction is expected to close in the third quarter, subject to customary closing conditions.
The purchased entity will operate under the buyer’s brand after the close, which is scheduled to occur by the end of June.