Hedge Fund Database

VARDE MANAGEMENT, L.P.

Adviser information for VARDE MANAGEMENT, L.P. last updated from Form ADV on March 28th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.

Advisory Business

Type of Organization Limited Partnership
Fiscal Year End DECEMBER
Legal Location Delaware, United States

Employees

Total Number of Employees 233
Investment Advisory/Research 76
Registered Broker-Dealer Representatives 0
Registered State Investment Advisers 0
Licensed Agents of an Insurance Company 0
No. of Firms/People that Solicit Clients 0

RAUM

Provides Management of Securities Portfolios Yes
Type Accounts RAUM
Discretionary 109 $18.1B
Non-Discretionary 0 $0
Total 109 $18.1B

Clients

Type Number RAUM
Individuals 0 $0
HNW Individuals 0 $0
Banking or thrift institutions 0 $0
Investment companies 0 $0
Business development companies 0 $0
Pooled investment vehicles 108 $17.2B
Pension and profit sharing plans 0 $0
Charitable organizations 0 $0
State or municipal gov entities 0 $0
Other investment advisers 0 $0
Insurance companies 0 $0
Sovereign wealth funds and foreign official institutions 0 $0
Corporations or other businesses 0 $0
Other <5 $847.6M
Type Number
No. of Non-RAUM Clients 0
No. of Non-U.S. Clients 48

Services

Advisory Services Portfolio management for pooled investment vehiclesPortfolio management for businesses or institutional clients
Compensation % of AUMPerformance-based fees
Other Business Activities Commodity pool operator or commodity trading advisor

Identifiers

SEC RIA File Number 801-69821
SEC ERA File Number 801-69821
SEC CIK Numbers 1559130
SEC CRD Numbers 148949
Legal Entity Identifier Y8Q4DL57WLZZ2M8L0J36

Principal Office

901 MARQUETTE AVENUE SOUTH
SUITE 3300
MINNEAPOLIS
MN
United States
Monday - Friday, 7:00 A.M. - 6:00 P.M.
Tel: 952-893-1554, Fax: 952-893-9613

Websites

www.linkedin.com/company/varde-partners www.varde.com

Chief Compliance Officer

KEVIN T. MEDINA
GLOBAL CHIEF COMPLIANCE OFFICER
520 MADISON AVE
34TH FLOOR
NEW YORK
NY
United States
Tel: 212-321-3780
Fax: 646-619-4382
(Full email address available in API data)

Regulatory Contact

RHONDA R. KJARLAND
DEPUTY CHIEF COMPLIANCE OFFICER
901 MARQUETTE AVE SOUTH
SUITE 3300
MINNEAPOLIS
MN
United States
Tel: 952-893-1554
Fax: 952-893-9613
(Full email address available in API data)

Industry Affiliates

MPOWERED CAPITAL GP, LLC Sponsor, GP, manager of pooled investment vehicles
V�RDE PARTNERS, INC. Sponsor, GP, manager of pooled investment vehicles

Private Funds

Name Type Assets $USD Min Investment $USD No. Owners
MPOWERED CAPITAL ACCESS FUND I, L.P. Hedge Fund $109.3M $0.0M 67
THE SUNVARD OPPORTUNITY FUND, L.P. Hedge Fund $243.7M $160.0M 2
THE V�RDE ASIA CREDIT FUND II MASTER, L.P. Hedge Fund $189.9M $5.0M 6
THE V�RDE ASIA CREDIT FUND MASTER, L.P. Hedge Fund $492.6M $5.0M 27
THE V�RDE ASSET LENDING FUND II (OFFSHORE), L.P. Hedge Fund $272.2M $10.0M 7
THE V�RDE CARDINAL FUND, L.P. Hedge Fund $541.3M $0.0M 2
THE V�RDE CRE LENDING FUND, L.P. Hedge Fund $151.6M $5.0M 3
THE V�RDE DISLOCATION FUND, L.P. Hedge Fund $1,617.2M $10.0M 149
THE V�RDE EUROPE MASTER FUND, L.P. Hedge Fund $161.8M $10.0M 65
THE V�RDE EUROPEAN REAL ESTATE FUND, L.P. Hedge Fund $111.0M $10.0M 46
THE V�RDE FUND VI-A, L.P. Hedge Fund $200.7M $1.0M 2
THE V�RDE FUND X (MASTER), L.P. Hedge Fund $89.9M $10.0M 134
THE V�RDE FUND XI (MASTER), L.P. Hedge Fund $297.7M $10.0M 126
THE V�RDE FUND XII (MASTER) L.P. Hedge Fund $901.2M $10.0M 217
THE V�RDE FUND XIII, L.P. Hedge Fund $2,808.1M $10.0M 238
THE V�RDE FUND XIV (MASTER), L.P. Hedge Fund $175.4M $10.0M 14
THE V�RDE FUND XIV (PARALLEL MASTER), L.P. Hedge Fund $14.5M $10.0M 14
THE V�RDE LIQUID CREDIT FUND, L.P. Hedge Fund $18.6M $1.0M 2
THE V�RDE MORTGAGE FUND II (MASTER), L.P. Hedge Fund $349.7M $10.0M 24
THE V�RDE MORTGAGE FUND III MASTER, L.P. Hedge Fund $303.1M $10.0M 10
THE V�RDE PRIVATE DEBT OPPORTUNITIES FUND (ONSHORE), L.P. Hedge Fund $284.0M $10.0M 16
THE V�RDE RAYA FUND, L.P. Hedge Fund $215.8M $0.0M 1
THE V�RDE SCRATCH AND DENT MASTER I-A, L.P. Hedge Fund $28.3M $10.0M 18
THE V�RDE SCRATCH AND DENT MASTER, L.P. Hedge Fund $5.0M $10.0M 21
THE V�RDE SKYWAY 2020 FUND, L.P. Hedge Fund $366.1M $0.0M 21
THE V�RDE SKYWAY MASTER FUND, L.P. Hedge Fund $416.7M $0.1M 29
THE V�RDE SPECIALTY FINANCE FUND, L.P Hedge Fund $345.1M $10.0M 14
THE V�RDE TC FUND, L.P. Hedge Fund $186.0M $0.0M 6
VP DISLOCATION FUND II A-1, L.P. Hedge Fund $0.0M $0.5M 0
VP DISLOCATION FUND II, L.P. Hedge Fund $2,195.8M $0.5M 862
V�RDE CO-INVESTMENT 2015A, L.P. Hedge Fund $65.8M $0.0M 12
V�RDE CO-INVESTMENT 2016A, L.P. Hedge Fund $5.4M $0.0M 8
V�RDE CO-INVESTMENT 2017A PARALLEL, L.P. Hedge Fund $70.6M $0.0M 7
V�RDE CO-INVESTMENT 2017A, L.P. Hedge Fund $13.1M $0.0M 2
V�RDE CO-INVESTMENT D-1, L.P. Hedge Fund $146.2M $0.0M 2
V�RDE CO-INVESTMENT D-5, L.P. Hedge Fund $21.0M $0.0M 2
V�RDE CREDIT PARTNERS MASTER, L.P. Hedge Fund $772.8M $0.3M 139
V�RDE INVESTMENT PARTNERS (OFFSHORE) MASTER, L.P. Hedge Fund $1,477.3M $5.0M 138
V�RDE INVESTMENT PARTNERS, L.P. Hedge Fund $1,580.5M $5.0M 171

Control Persons

Name Type Entity Title Since Ownership
HICKS, GEORGE, G Individual – CO-EXECUTIVE CHAIR AND LIMITED PARTNER 03/2006 10-25%
PAGE, MARCIA, LYNN Individual – CO-EXECUTIVE CHAIR AND LIMITED PARTNER 03/2006 < 5%
V�RDE MANAGEMENT, INC. Domestic Entity – GENERAL PARTNER 03/2006 < 5%
LENK, ANDREW, PAUL Individual – DEPUTY CHIEF EXECUTIVE OFFICER AND LIMITED PARTNER 01/2009 5-10%
MARPLE, DAVID, ARTHUR Individual – LIMITED PARTNER 04/2008 < 5%
CARSTAIRS, ILFRYN, CHEYNEY Individual – CHIEF EXECUTIVE OFFICER, CO-CHIEF INVESTMENT OFFICER AND LIMITED PARTNER 01/2011 10-25%
BAUER, BRADLEY, PHILIP Individual – CO-CHIEF EXECUTIVE OFFICER, CO-CHIEF INVESTMENT OFFICER AND LIMITED PARTNER 01/2013 10-25%
NAGLIERI, GIUSEPPE Individual – CO-CHIEF INVESTMENT OFFICER AND LIMITED PARTNER 01/2016 5-10%
MOONEY, TIM Individual – LIMITED PARTNER 01/2016 5-10%
MILONE, FRANCISCO Individual – LIMITED PARTNER 01/2018 5-10%
MALIK, HASEEB, KAMAL Individual – LIMITED PARTNER 01/2019 5-10%
V�RDE HUS, L.P. Domestic Entity – LIMITED PARTNER 01/2018 < 5%
MALONE, ANDREW Individual – GENERAL COUNSEL AND LIMITED PARTNER 01/2022 < 5%
DUNBAR, JAMES, E Individual – LIMITED PARTNER 01/2022 5-10%
SANZ ESTEVE, CARLOS Individual – LIMITED PARTNER 01/2022 5-10%
MAMIK, ANEEK, S Individual – LIMITED PARTNER 01/2022 5-10%
MEDINA, KEVIN, TODD Individual – GLOBAL CHIEF COMPLIANCE OFFICER 09/2023 < 5%
Gallagher, Shannon, Rae Individual – LIMITED PARTNER 01/2024 < 5%
IANNAZZO, ANTHONY, CLIFFORD Individual – LIMITED PARTNER 01/2024 < 5%

No. Employees, Historic

40020002019202020212022202320242025303 on 4/30/2019303 on 10/4/2019303 on 2/24/2020313 on 3/30/2020313 on 5/22/2020313 on 8/26/2020313 on 9/16/2020313 on 11/4/2020314 on 3/30/2021314 on 4/29/2021314 on 11/18/2021314 on 11/24/2021314 on 2/22/2022280 on 3/30/2022280 on 4/28/2022280 on 11/22/2022246 on 3/31/2023246 on 4/28/2023246 on 4/28/2023246 on 6/29/2023246 on 9/29/2023246 on 2/14/2024233 on 3/28/2024

RAUM, Historic

30B15B0201920202021202220232024202518980074780 on 4/30/201918980074780 on 10/4/201918980074780 on 2/24/202020980302820 on 3/30/202020980302820 on 5/22/202020980302820 on 8/26/202020980302820 on 9/16/202020980302820 on 11/4/202023362563388 on 3/30/202123362563388 on 4/29/202123362563388 on 11/18/202123362563388 on 11/24/202123362563388 on 2/22/202221577231000 on 3/30/202221577231000 on 4/28/202221577231000 on 11/22/202219180445119 on 3/31/202319180445119 on 4/28/202319180445119 on 4/28/202319180445119 on 6/29/202319180445119 on 9/29/202319180445119 on 2/14/202418092415340 on 3/28/2024

No. Clients, Historic

2001000201920202021202220232024202578 on 4/30/201978 on 10/4/201978 on 2/24/202087 on 3/30/202087 on 5/22/202087 on 8/26/202087 on 9/16/202087 on 11/4/202084 on 3/30/202184 on 4/29/202184 on 11/18/202184 on 11/24/202184 on 2/22/2022100 on 3/30/2022100 on 4/28/2022100 on 11/22/2022112 on 3/31/2023112 on 4/28/2023112 on 4/28/2023112 on 6/29/2023112 on 9/29/2023112 on 2/14/2024109 on 3/28/2024

Holdings

From latest 13F, filed August 14th, 2024 for period ending June 30th, 2024
Name Class Value $USD # Shares Private Fund
Ashford Hospitality Tr Inc COM SHS 2M 2M –
OneMain Hlgs Inc COM 28M 585K –