Best practice in direct lending and the questions investors should be asking when assessing managers
INTERVIEWSERIES
Kevin Marchetti, Co-Head of Direct Lending and Chief Credit Officer, Man Varagon
July 2025
In this exclusive interview Kevin discusses best practice in building and managing direct lending portfolios, what investors should be asking when evaluating new and existing managers as part of their due diligence and risk management processes, and how he expects the asset class to evolve in the years ahead.
Watch the full interview which covers:
0:23 - How has the private credit market, and in particular direct lending, evolved in recent years? How do you expect it to evolve in the coming years?
1:15 - What segment of the direct lending market does Man Varagon target, and why?
1:53 - What is best practice in direct lending portfolio construction from Man Varagon’s perspective?
2:31 - How does your approach to direct lending portfolio construction inform your due diligence and risk management processes?
4:02 - What questions should investors be asking when evaluating new and existing direct lending manager relationships?
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Kevin Marchetti, Co-Head of Direct Lending and Chief Credit Officer, Man Varagon
Kevin is a Co-Head of Direct Lending and Chief Credit Officer of Man Varagon. He has extensive experience in risk management and middle market leveraged finance across a range of industries and strategies. Prior to joining Varagon in 2014, Kevin was a Senior Vice President at GE Antares Capital. He has also held senior risk positions at CIT Group and TD Bank.
Kevin holds a BA from Springfield College and an MBA from the University of North Carolina at Charlotte.
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