Blackstone Group And Schwarzman Report 9,728,256 Varagon Capital Shares In Joint Form 3
Eight filers, led by SP Marigold Acquisitions, list a 10% owner stake, all held indirectly, with a September 30 event date.
SP Marigold Acquisitions L.P. and seven co-filers reported 9,728,256 shares of Varagon Capital in a joint Form 3 filed Wednesday. The filing lists each as a 10% owner; Blackstone Inc., Blackstone Holdings II L.P. and Stephen Schwarzman are among the co-filers.
What the Form 3 says
A Form 3 is the initial ownership statement an insider files after crossing the 10% line. This one gives a September 30 event date and names the role as 10% Owner.
The group reports 9,728,256 shares after the disclosure. None are held directly; all 9,728,256 are held indirectly, according to the filing and its footnotes.
Footnote F1 says the shares are held directly by SP Marigold Acquisitions, which sits atop a chain of Blackstone-affiliated general partners. Schwarzman, Blackstone Inc. and Blackstone Holdings II are listed as co-filers because of that chain.
What it changes
The filing puts a 10% holder on record for Varagon Capital, with the ownership routed through one vehicle and its parent entities.
Each co-filer disclaims beneficial ownership beyond its pecuniary interest, meaning its actual financial stake, the filing states. The filing gives no per-share price, so it does not show what the position cost.
What to watch
Any Form 4 filings from the group would show whether the position changes after this initial disclosure.
The Form 3 fixes the starting point at 9,728,256 shares; later Form 4 filings, if any, would be measured against it.
Sources
- Form 3 — Steve Schwarzman (NONE) — SEC EDGAR
