About Varagon
Varagon, established in 2014, is a private debt fund primarily based in New York City, United States. It specializes in financing Conventional Debt round of companies based in United States. Its portfolio includes 7 firms, spanning the Enterprise Applications, HealthTech sectors.
As of Oct 2026, Varagon has witnessed 6 portfolio exits so far. Its most notable investments include companies like Eco-Site, ImagineSoftware and DataLink Software.
Its latest investment was a Undisclosed Conventional Debt round in DataLink Software on 2020, which also saw participation from BC Partners and Comvest Partners.
Key Metrics
Founded Year
2014
Location
New York City, United States
Portfolio Companies
Sectors of Investment
Stages of Investment
Conventional Debt & PE
Locations of Investment
Varagon's List of Top Investments
Varagon has a portfolio of 7 companies. Their most notable investments include Eco-Site and ImagineSoftware.Their portfolio spans across and United States. They have invested in Enterprise Applications, HealthTech, Telecom and 1 other sectors, across stages such as Conventional Debt, PE stages. Here is the list of top investments by Varagon:1. Eco-Site
Provider of domain registration and email services. It offers tools for managing domains and email accounts, providing a user-friendly interface and robust control panel. The company supports various top-level domains (TLDs) and aims to simplify the process of establishing an online presence. Customer support is a key aspect of its service.
Key facts about Eco-Site
- Founded Year: 2012
- Location: Raleigh (United States)
- Stage: Acquired
- Total Funding till date: $91.2M
- Employee Count: 48 as on Dec 31, 2017
- Investors: Guggenheim Partners, InvestMichigan! and 2 Others
- Latest Funding Round: Conventional Debt, May 07, 2018, $*****
- Highlight: Acquired
Key facts about ImagineSoftware
- Founded Year: 2000
- Location: Charlotte (United States)
- Stage: Acquired
- Employee Count: 184 as on Aug 31, 2026
- Investors: NewStar Financial, Varagon and 1 Other
- Latest Funding Round: PE, May 03, 2018, $*****
- Highlight: Acquired
Data-driven solutions empowering value-based care through quality and risk management. The company offers a platform that connects the healthcare ecosystem, enabling high-quality, cost-effective care. They provide data-driven solutions to improve quality performance, optimize risk accuracy, and reduce costs. With intelligent insights, automated workflows, and advanced interoperability technology, they simplify value-based care. Their platform brings together payers and providers in one solution to effectively manage quality and risk. They offer data interoperability solutions to access data from various sources, aggregate information, and ensure accurate risk adjustment. Advisory services are also provided to improve quality and ensure risk accuracy. The company is committed to data security and privacy, ensuring compliance with regulations. They build data-driven solutions that facilitate the delivery of high-quality, cost-effective, value-based care with measurable outcomes. They are a healthcare technology company dedicated to empowering better health through actionable insights and true data interoperability.
Key facts about DataLink Software
- Founded Year: 2002
- Location: Temple Terrace (United States)
- Stage: Late Stage
- Employee Count: 163 as on Aug 31, 2026
- Investors: BC Partners, Revelstoke Capital Partners and 5 Others
- Latest Funding Round: PE, Nov 24, 2020, $*****
- Highlight: Editors' Pick
G.E.T. Enterprises is the leading manufacturer of creative tabletop solutions crafted from melamine and alternative materials. For over 3 decades, G.E.T. has pioneered break-resistant servingware, drinkware, and custom designs that have strengthened operations and brands around the world.
Key facts about G.E.T. Enterprises
- Founded Year: 1984
- Location: Houston (United States)
- Stage: Acquired
- Employee Count: 77 as on Jan 31, 2026
- Investors: Bank of Ireland, Rabobank and 7 Others
- Latest Funding Round: PE, Oct 13, 2016, $*****
- Highlight: Acquired
Provider of chemical supply chain management solutions. This includes managed solutions encompassing software and services for logistics needs; environmental services for waste and hazardous material removal, recycling, and disposal; distribution center services strategically located for efficient access; and enhanced services adding value throughout the supply chain. Export/import services with port resources are also offered, along with end-to-end transportation of dry and liquid chemicals. A proprietary visibility solution provides customers with a complete view of their supply chain, facilitating collaboration and eliminating information silos.
Key facts about A&R Logistics
- Founded Year: 1965
- Location: Louisville (United States)
- Stage: Acquired
- Investors: Bain Capital, Churchill Asset Management and 5 Others
- Latest Funding Round: Conventional Debt, Jul 01, 2019, $*****
- Highlight: Acquired
Varagon's Year-on-Year Investment Trends
Varagon has invested in 7 companies over the last 10 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in DataLink Software.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 0 | 0 | 0 |
2021 | 0 | 0 | 0 |
2020 | 1 | 0 | 1 |
2019 | 2 | 0 | 2 |
2018 | 3 | 0 | 3 |
Varagon's Investments by Stage
Varagon has made 6 investments in Conventional Debt stage with an average round size of $96.4M and 1 investment in PE stage.Stage of entry | No. of Investments |
|---|---|
Conventional Debt | 6 |
PE | 1 |
Note: We have considered here, only first round of investments
Varagon's Investments by Sector
Varagon has a diverse portfolio, with companies operating in the Enterprise Applications, HealthTech, Consumer Goods, Telecom and Vertical SaaS. Notably, it has invested in 5 Enterprise (B2B) companies, 2 Software companies, 2 Tech companies and at least 1 company focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 2 |
HealthTech | 2 |
Consumer Goods | 1 |
Telecom | 1 |
Vertical SaaS | 1 |
Note: We have considered here, only first round of investments
Varagon's Investments by Geography
Varagon has made most investments in United States (7).Varagon's recent investments
Varagon has not made any investment in 2026 so far.Here are the most recent investments by Varagon:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
2020 | United States | Conventional Debt | 4282 | [+1] | |
Jul 24, 2019 | United States | Conventional Debt | 9083 | ||
Jul 01, 2019 | United States | Conventional Debt | 2676 | [+2] | |
May 07, 2018 | United States | Conventional Debt | 9117 | - | |
May 03, 2018 | United States | PE | 6196 | [+1] |
Acquired companies in Varagon's Portfolio
6 companies from Varagon's portfolio have been acquired. The most recent acquisition was ImagineSoftware in Nov 2021 by Marlin Equity Partners for $*****.Here are Varagon's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 23, 2021 | May 03, 2018 | PE | 6266 | |
Nov 23, 2020 | May 07, 2018 | Conventional Debt | 8863 | |
Aug 05, 2019 | Jul 24, 2019 | Conventional Debt | 3956 | |
May 07, 2019 | Jul 01, 2019 | Conventional Debt | 8452 | |
Feb 27, 2018 | Feb 27, 2018 | Conventional Debt | 4328 |
Co-investors of Varagon
Over the past 10 years, 17 investors have co-invested in Varagon's portfolio companies. This includes only funds.
- Invested before Varagon: InvestMichigan!, Guggenheim Partners and 3 others have invested in rounds before Varagon. There is 1 company where InvestMichigan! has invested before Varagon and 1 company where Guggenheim Partners has invested before Varagon.
- Top Co-investors of Varagon: 10 investors entered a company along with Varagon. These include investors like NewStar Financial (2 companies).
- Invested after Varagon: DWS (1 company) and Valesco (1 company) are the investors which have invested in Varagon's portfolio after their investments.
Recent News related to Varagon
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Varagon Capital Partners Forms New Partnership with Goldman Sachs Asset ManagementBusiness Wire•Jun 30, 2022•Varagon, Goldman Sachs, Goldman Sachs Asset Management
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GHK Capital Partners LP Completes Acquisition of AuvecoGlobeNewswire•May 09, 2022•GHK Capital Partners, Auveco, Varagon
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CapVest Acquires Second Nature Brands, the US Based Creator of Premium Snacks and TreatsBusiness Wire•Apr 26, 2022•Second Nature Brands, CapVest, CapVest, Palladium Equity Partners and 4 others
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Varagon supports TPG Growth's buyout of Morrow SodaliPE Hub•Apr 26, 2022•Varagon, TPG, Morrow Sodali, Granite Creek Capital Partners
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Asset Manager Varagon Takes 32K SF at Durst’s One Five OneCommercial Observer•Mar 18, 2022•Varagon, The Durst Organization
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Morgan Stanley Capital Partners Completes Investment in SpendMendBusiness Wire•Mar 02, 2022•Morgan Stanley, SpendMend, Sheridan, Harris Williams and 1 other
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Audax Private Debt appoints MD to oversee Capital Markets for Origination PlatformPrivate Equity Wire•Jan 06, 2022•Audax Private Debt, Varagon
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Varagon Capital Partners Supports Investment in Biocare MedicalABFJournal•Dec 13, 2021•Varagon, Biocare Medical, GHO Capital Partners, Excellere
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Varagon Capital Partners Supports Transom Capital Group’s Acquisition of Aspen PublishingABFJournal•Dec 03, 2021•Varagon, Transom Capital Group, Aspen Publishing
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