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Ares Capital and Varagon Capital expand senior direct lending program to over $6 billion

Ares Capital Corporation and Varagon Capital Partners have announced an increase in the investment capacity of their joint venture, the Senior Direct Lending Program, to approximately $6.4 billion from $2.9 billion, PE Hub reported. AIG, an existing investor in SDLP, has increased its available capital by $500 million to $2.75 billion.

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Credit,senior direct lending,financing