Aflac, an American insurance company, agreed to invest in Varagon Capital Partners, an asset manager focused on direct lending to middle market companies. The deal will give Aflac a 33% stake. Financial terms were not disclosed. "Varagon is very pleased to establish this strategic partnership with Aflac Global Investments. We appreciate the recognition of our expertise as an asset manager. This partnership will allow us to further build on our proven broad-based direct origination capability and rigorous underwriting process while meeting the needs of our borrowers for proprietary middle market corporate loans," Walter J. Owens, Varagon CEO.