Ares Capital Corporation and Varagon Capital Partners expand senior direct loan programme to USD6.4bn
Ares Capital Corporation and Varagon Capital Partners have increased the investment capacity of their joint venture, the Senior Direct Lending Program (SDLP), to approximately USD6.4 billion from USD2.9 billion. AIG (NYSE:AIG), an existing investor in SDLP, increased its capital available to the program by USD500 million to USD2.75 billion and