Varde Management LP

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Assets, Funds, Holdings

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Varde Management LP
✚
CRD #148949
SEC #801-69821
CIK #0001559130
AUM 16.13 B (2026-06-26)
Employees 197 (32% Investors, 0% Brokers)
Phone212-321-3780
Address520 Madison Avenue
New York, NY 10022
Source [IAPD] [EDGAR] [Website] [LinkedIn]
Total AUM ($B)
25201510502009201520212027
Sector Form 13F Holdings Value ($M)
J2 Global Communications Inc 22.4
Surgery Partners Inc 9.0
Ziprecruiter Inc 0.6
 
 
 
 
 
 
 
 
Holdings by Sector ($M)
4003202401608002013201720222027
Type Form D Funds Date Sold AUM
HF The Varde Fraser Fund HoldCo LP 2026-02-26 167.6 M
HF VCCF SICAV-RAIF SCA [2025-11-20] 522.8 M
Filed 2025-09-08 (D) · Exemption 506(b), 3(c), 3(c)(7) · Minimum $1 · Remaining Indefinite · Duration One year or less · Revenue Decline to Disclose
HF The Varde Asset Lending Fund LP [2025-07-17] 165.8 M
Filed 2026-03-31 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
HF The Varde Subscription Line Fund LP [2025-07-17] 340.0 M 339.1 M
Filed 2025-05-16 (D) · Exemption 506(b), 3(c), 3(c)(7) · Minimum $100,000 · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
HF Salute Venture II LP [2024-10-28] 150.5 M 152.8 M
Filed 2024-08-01 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Revenue Decline to Disclose
HF Salute Venture LP [2024-10-28] 131.2 M 130.8 M
Filed 2024-08-01 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Revenue Decline to Disclose
HF The Varde Fraser Fund LP [2024-10-28] 850.0 M 722.2 M
Filed 2025-12-10 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
HF The Varde Fraser Fund Parallel LP [2024-10-28] 850.0 M 337.5 M
Filed 2025-12-10 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
HF The Varde Yarra Fund LP [2024-06-27] 153.5 M
Filed 2024-02-29 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
HF The Varde CRE Lending Fund LP [2024-02-14] 162.3 M 190.5 M
Filed 2025-12-11 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Commission $5,000 · Net Assets Decline to Disclose
HF Varde Co-Investment D-5 LP [2024-02-14] 103.1 M
Filed 2023-12-08 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Net Assets Decline to Disclose
HF The Varde Liquid Credit Fund LP [2023-09-29] 10.0 M 71.9 M
Filed 2025-08-29 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Minimum $1 · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
HF The Varde RAYA Fund LP 2023-09-29 383.0 M
HF The Varde Fund XIV Master LP [2022-11-22] 103.0 M 198.7 M
Filed 2023-09-20 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Minimum $100,000 · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
HF The Varde Fund XIV Parallel Master LP [2022-11-22] 103.0 M 79.4 M
Filed 2023-09-20 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Minimum $100,000 · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
HF Vicvard LP [2022-11-22] 75.7 M
Filed 2022-07-22 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Net Assets Decline to Disclose
HF The Varde Cardinal Fund LP [2022-04-28] 550.0 M 854.4 M
Filed 2025-03-03 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
HF VP Dislocation Fund II A-1 LP 2022-04-28
HF VP Dislocation Fund II LP 2022-04-28 1,301.5 M
HF Mpowered Capital Access Fund I LP [2022-02-22] 83.8 M 114.2 M
Filed 2022-10-28 (D/A) · Exemption 506(b), 3(c), 3(c)(1) · Minimum $1 · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
HF The Varde TC Fund LP [2022-02-22] 171.8 M 762.5 M
Filed 2025-03-03 (D/A) · Exemption 506(b), 3(c), 3(c)(1), 3(c)(7) · Remaining Indefinite · Duration One year or less · Net Assets Decline to Disclose
HF The Varde Asset Lending Fund II Offshore LP [2021-11-18] 150.0 M 222.4 M
Filed 2022-09-29 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
HF The VRDE Asset Lending Fund II Onshore LP 2021-11-18
HF Varde Co-Investment D-1 LP [2021-11-18] 63.4 M
Filed 2021-07-29 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Net Assets Decline to Disclose
HF The Sunvard Opportunity Fund LP [2021-04-29] 168.0 M
Filed 2021-04-07 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Net Assets Decline to Disclose
HF The Varde Asia Credit Fund II Master LP [2021-04-29] 105.5 M 152.4 M
Filed 2023-01-20 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
HF The Varde Dislocation Fund LP [2020-08-26] 947.4 M 831.5 M
Filed 2020-11-13 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Minimum $100,000 · Remaining Indefinite · Duration One year or less · Commission $810,000 · Net Assets Decline to Disclose
HF The Varde Mortgage Fund III Master LP [2020-08-26] 15.0 M 169.9 M
Filed 2020-07-02 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Commission $1,250 · Net Assets Decline to Disclose
HF The VRDE Jrnvg Fund LP [2020-08-26] 125.0 M
Filed 2020-06-04 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Net Assets Decline to Disclose
HF The Varde Fund Cayman Ltd [2020-03-30] 0.5 M
HF The Varde Skyway 2020 Fund LP [2020-03-30] 358.9 M
Filed 2020-02-26 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Net Assets Decline to Disclose
HF VRDE Investment Partners Offshore Ltd [2020-03-30] 1,663.0 M 1,332.7 M
Filed 2023-11-13 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Minimum $100,000 · Remaining Indefinite · Duration More than one year · Commission $12,500 · Net Assets Decline to Disclose
HF VP Dislocation Fund A-1 LP 2020-02-24
HF VP Dislocation Fund LP [2020-02-24] 768.9 M 843.6 M
Offered $1,000,000,000 · Filed 2019-12-19 (D) · Exemption 506(b), 3(c), 3(c)(7) · Minimum $100,000 · Remaining $231,100,000 · Duration One year or less · Commission $15,378,000 · Net Assets Decline to Disclose
HF The VRDE Mortgage Fund III Master LP [2019-10-04] 15.0 M 226.6 M
Filed 2020-07-02 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Commission $1,250 · Net Assets Decline to Disclose
HF The Varde Fund XIII LP [2019-01-07] 747.2 M 1,662.6 M
Offered $2,500,000,000 · Filed 2019-10-31 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Minimum $100,000 · Remaining $1,752,750,000 · Duration More than one year · Commission $1,628,699 · Net Assets Decline to Disclose
HF The Varde Private Debt Opportunities Fund Onshore LP [2018-11-14] 275.0 M 179.8 M
Filed 2018-09-05 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Net Assets Decline to Disclose
HF The Varde Specialty Finance Fund LP [2018-06-14] 156.5 M 173.3 M
Offered $750,000,000 · Filed 2019-05-21 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining $593,500,000 · Duration More than one year · Commission $15,000 · Revenue Decline to Disclose
HF The VRDE Specialty Finance Parallel Fund LP [2018-06-14] 156.5 M
Offered $750,000,000 · Filed 2019-05-21 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining $593,500,000 · Duration More than one year · Commission $15,000 · Revenue Decline to Disclose
HF The Varde Asia Credit Fund Master LP [2018-04-27] 258.2 M 230.6 M
Filed 2018-08-20 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Commission $30,000 · Net Assets Decline to Disclose
HF Varde Co-Investment 2017A LP [2018-02-20] 13.4 M
Filed 2017-12-20 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Net Assets Decline to Disclose
HF Varde Co-Investment 2017A Parallel LP [2018-02-20] 47.1 M
Filed 2017-12-20 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Net Assets Decline to Disclose
HF The Varde European Real Estate Fund LP [2017-09-21] 100.7 M 91.7 M
Filed 2018-08-14 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Commission $35,100 · Net Assets Decline to Disclose
HF VLO 2017-A LP [2017-09-21] 0.7 M
Filed 2017-08-23 (D) · Exemption 506(b), 3(c), 3(c)(7) · Minimum $100,000 · Remaining Indefinite · Duration One year or less · Net Assets Decline to Disclose
HF The Varde Mortgage Fund II Master LP [2017-04-28] 423.0 M 233.0 M
Offered $750,000,000 · Filed 2017-05-11 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining $327,025,584 · Duration One year or less · Net Assets Decline to Disclose
HF The Varde Scratch and Dent Master I-A LP [2016-10-14] 144.5 M 11.3 M
Offered $144,500,000 · Filed 2016-09-14 (D) · Exemption 506(b), 3(c), 3(c)(7) · Duration One year or less · Net Assets Decline to Disclose
HF Varde Co-Investment 2016A LP [2016-10-14] 47.5 M 4.4 M
Filed 2016-09-28 (D) · Exemption 506(b), 3(c), 3(c)(7) · Minimum $100,000 · Remaining Indefinite · Duration One year or less · Net Assets Decline to Disclose
HF The VRDE Skyway Opportunity Fund LP [2016-08-15] 41.9 M
Filed 2015-10-26 (D) · Exemption 506(b), 3(c), 3(c)(7) · Minimum $100,000 · Remaining Indefinite · Duration One year or less · Net Assets Decline to Disclose
HF The Varde Fund XII Master LP [2016-05-16] 270.8 M 328.1 M
Offered $1,716,750,000 · Filed 2017-03-17 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Minimum $100,000 · Remaining $1,445,950,000 · Duration One year or less · Net Assets Decline to Disclose
HF Varde Co-Investment 2015A LP [2015-12-04] 58.5 M
Filed 2015-10-26 (D) · Exemption 506(b), 3(c), 3(c)(7) · Minimum $100,000 · Remaining Indefinite · Duration One year or less · Net Assets Decline to Disclose
HF The Varde Skyway Master Fund LP [2015-11-23] 1,105.8 M 155.6 M
Filed 2019-07-24 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Minimum $100,000 · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
HF The Varde Europe Master Fund LP [2014-11-07] 235.2 M 67.1 M
Offered $1,000,000,000 · Filed 2015-11-25 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Minimum $100,000 · Remaining $764,750,000 · Duration More than one year · Net Assets Decline to Disclose
HF The Varde Scratch and Dent Master LP [2014-11-07] 0.1 M 4.2 M
Offered $125,000 · Filed 2015-01-06 (D) · Exemption 506(b), 3(c), 3(c)(7) · Minimum $1,000 · Duration One year or less · Commission $6,250 · Revenue Decline to Disclose
HF The Varde Fund Xi Master LP [2013-05-01] 85.8 M 182.2 M
Offered $2,000,000,000 · Filed 2014-06-27 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Minimum $100,000 · Remaining $1,914,250,000 · Duration More than one year · Net Assets Decline to Disclose
HF Varde Credit Partners Master LP [2013-03-28] 486.6 M 951.2 M
Filed 2025-11-12 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Minimum $100,000 · Remaining Indefinite · Duration More than one year · Commission $3,377,333 · Net Assets Decline to Disclose
HF Varde Investment Partners Offshore Master LP 2012-08-06 476.8 M
HF The Privatvarde Fund LP 2012-03-30 0.1 M
HF The Varde Fund IX-A LP [2012-03-30] 0.6 M
HF The Varde Fund IX LP [2012-03-30] 3.4 M
HF The Varde Fund LP 2012-03-30 0.8 M
HF The Varde Fund V-B LP 2012-03-30 0.5 M
HF The Varde Fund VI-A LP 2012-03-30 90.9 M
HF The Varde Fund VII-A LP 2012-03-30 0.2 M
HF The Varde Fund VII-B LP 2012-03-30 0.3 M
HF The Varde Fund VIII LP 2012-03-30 0.6 M
HF The Varde Fund VII LP 2012-03-30 0.4 M
HF The Varde Fund X Master LP [2012-03-30] 822.0 M 55.2 M
Offered $2,500,000,000 · Filed 2011-02-11 (D/A) · Exemption 506, 3(c), 3(c)(7) · Minimum $10,000,000 · Remaining $1,678,000,000 · Duration More than one year · Commission $4,612,500 · Revenue Decline to Disclose
HF The VRDE Fund VI LP 2012-03-30 0.1 M
HF The VRDE Fund V LP 2012-03-30 0.0 M
HF The VRDE Select Fund LP 2012-03-30 0.1 M
HF Varde Investment Partners LP [2012-03-30] 1,093.7 M 591.5 M
Filed 2024-04-10 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Minimum $100,000 · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
AUM Breakdown Accounts AUM ($B)
By Client Type
(a) Individuals (other than high net worth individuals) 0 0.0
(b) Individuals (high net worth individuals) 0 0.0
(c) Banking or thrift institutions 0 0.0
(d) Investment companies 0 0.0
(e) Business development companies 0 0.0
(f) Pooled investment vehicles 118 14.3
(g) Pension and profit sharing plans 0 0.0
(h) Charitable organizations 0 0.0
(i) State or municipal government entities 0 0.0
(j) Other investment advisers 0 0.0
(k) Insurance companies 0 0.0
(l) Sovereign wealth funds and foreign official institutions 0 0.0
(m) Corporations or other businesses not listed above 0 0.0
(n) Other 3 1.8
Total 121 16.1
By Discretionary
Discretionary 121 16.1
Non-Discretionary 0 0.0
Total 121 16.1
By Non-United States Persons
Non-United States Persons 10.4
United States Persons 5.7
Total 121 16.1
Limited Partners2011 - 2026
Maryland State Retirement and Pension System
Minnesota State Board of Investment
North Carolina Retirement Services
State Board of Administration of Florida
The University of Texas/Texas A&M Investment Company
Form D Directors Role # Filings # Firms 2011 - 2026
Cary Marr Director 115 33
Jonathan Roney Director 99 18
J Hunter Director 61 13
Karen Ellerbe Executive Officer 7 5
Brian Schmidt Executive Officer 71 4
Marcia Page Executive Officer 99 3
George Hicks Director, Executive Officer 97 3
Andrew Lenk Director, Executive Officer 93 3
David Marple Executive Officer 80 3
Rick Noel Executive Officer 78 3
View All
EDGAR Form CIK 2011 - 2026
13F-HR [0001559130]
Firm Profile (Form ADV)
Discretionary AUM$7.7B
ServesInstitutional
Fund TypesHedge Fund
LEIY8Q4DL57WLZZ2M8L0J36
Related People Network
54 people file Form D offerings alongside this firm's people, tied to 6 other firms through shared filers.
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