Värde Partners Exceeds Target Raising Nearly $2.5 Billion in 13th Flagship Fund
Värde Partners, a leading global alternative investment firm, today announced it has raised its 13th flagship vehicle, Värde Fund XIII (“the Fund”), with $2.47 billion in commitments.
The Fund exceeded its $2 billion target and will have the flexibility to invest in a range of credit and credit-related assets globally across liquid traded credit, special situations, real estate and financial services.
“Over the past 26 years we have built a global platform with the agility to seek attractive risk-adjusted value in opportunistic credit and asset markets,” said George Hicks, Co-Founder and Chief Executive Officer. “In this fund, we utilize our deep experience through many market cycles with the flexibility to invest in both private and liquid markets, across capital structures and regions.”
Värde expects the opportunity set to be driven by systemic distress factors, including where financial systems retain persistent high levels of non-performing loans, and cyclical opportunities associated with industry or economic downturns.
“Against a backdrop of intense economic uncertainty, there are several significant pockets of distress around the world today, and we expect that opportunity to grow over the investment period of the Fund,” said Ilfryn Carstairs, Global Co-Chief Investment Officer. “We have strategically built our right to play in markets where we can target the gaps left behind by traditional capital providers as they continue to retrench.”
“The strong support for this fundraise came from both new and long-time investors,” added Jon Fox, Partner and Global Head of Business Development and Investor Relations. “We appreciate the confidence that this diverse investor base has in the power of the Värde platform.”
In addition to its flagship funds, Värde has previously raised dedicated capital for targeted investment strategies in Asia, Europe, mortgages, private debt, real estate, and specialty finance.
Värde Partners is a leading global alternative investment firm with roots in credit and distressed. Founded in 1993, the firm has invested more than $68 billion since inception and manages over $14 billion on behalf of a global investor base. The firm’s investments span corporate and traded credit, real estate and mortgages, private equity and direct lending. Värde employs more than 300 professionals across 13 offices worldwide. For more information, please visit www.varde.com.
# # #
Andrea Raphael, Global Head of Communications & Public Affairs
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Pietro Rosa TBM Signs Multi-year Agreement With Boeing to Supply Titanium Forgings14.7.2020 19:08:00 EEST | Press release
Pietro Rosa TBM is proud to announce that it has signed a long-term agreement with Boeing to supply forgings for use on the 787 Dreamliner, 777X and 737 MAX airplanes. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200714005848/en/ Left to right: Mauro Fioretti (Pietro Rosa TBM - President & CEO), Antonio De Palmas (Boeing Italy – President) (Photo: Business Wire) The agreement covers a variety of Titanium forgings and represents the first long-term agreement to be placed with Pietro Rosa TBM since the company’s milestone approvals with Boeing in 2018, enhancing Pietro Rosa TBM ability to enact its strategy for the provision of complex forged structural components. The deal with Boeing further reinforces the Pietro Rosa Groups' supply of products in North America. Mauro Fioretti, President and CEO of the Pietro Rosa Group, stated: “This commitment and great trust placed in us by Boeing further underpins our marketplace strat
Kollective Technology to Demonstrate Scalability of Microsoft Teams and Stream Live Events at Microsoft Experience and Technology Centers Worldwide14.7.2020 18:18:00 EEST | Press release
Leading Software-Defined Enterprise Content Delivery Network (SD ECDN) provider Kollective Technology today announced that it was selected by Microsoft Corp. (Nasdaq: MSFT) to demonstrate the scalability of Microsoft Teams for live events at Microsoft Experience and Technology Centers worldwide. Designed to create comprehensive and immersive technology experiences for Microsoft customers looking to adopt innovations that accelerate their Digital Transformation initiatives, Microsoft Experience and Technology Centers highlight the latest in Modern Workplace use cases, including live video broadcasts. By selecting Kollective as the certified ECDN of Experience Centers, Microsoft can now easily showcase how Teams can deliver company-wide, global live events with the help of ECDN technology. Kollective’s ECDN platform, utilizing browser-based peering technology, scales Teams live events without the need to install software or invest in additional network infrastructure. Leveraging the Koll
rf IDEAS wins the HP® JetAdvantage 2020 Partner Award for Customer Focus14.7.2020 18:00:00 EEST | Press release
rf IDEAS is proud to have received the HP JetAdvantage Partner Award for Customer Focus, presented by HP during its 2020 Partner Conference, held online for participant safety from May 18 to May 22. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200714005170/en/ HP JetAdvantage Partner Award for Customer Focus (Photo: Business Wire) rf IDEAS is a leading manufacturer of credential readers for logical access and authentication. The HP JetAdvantage Partner Program offers services and resources to help solution providers accelerate development, simplify deployment and streamline integration with HP imaging and printing devices. Through the program, HP and rf IDEAS have worked together for more than 12 years to bring contactless authentication and identification to HP enterprise applications and to HP JetAdvantage Solutions Partners worldwide. One quality that sets rf IDEAS apart is the company’s unwavering commitment to custome
Andersen Global Enters Trinidad and Tobago14.7.2020 16:30:00 EEST | Press release
Andersen Global continues its expansion in the Caribbean by way of a Collaboration Agreement with full-service tax firm Robley Baynes, marking the organization’s debut in Trinidad and Tobago. Established in 2018, the firm provides a full scope of services including tax and advisory, financial, corporate and management. Led by Partners Kendell Robley and Mikhail Baynes, the dynamic and innovative firm assists clients with value-added solutions focused on business improvement and growth, leveraging their resources and experience across a wide range of client engagements. “We constantly strive to provide best-in-class, client-focused solutions with a high-caliber team of professionals,” Kendell and Mikhail said. “Our collaboration with Andersen Global will allow us to expand our capacity and global footprint, bringing opportunities for broader and more seamless service globally.” “We are delighted to work with Kendall, Mikhail and their team in Trinidad and Tobago. Collaborating with Robl
FINEOS Welcomes Allison Morgan as New Senior Sales Executive for North America14.7.2020 16:15:00 EEST | Press release
FINEOS Corporation (ASX:FCL), the leading core platform for life, accident and health insurance globally, today announces the appointment of Allison Morgan as Senior Sales Executive to the FINEOS North American team. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200714005639/en/ Allison Morgan (Photo: Business Wire) Allison brings nearly 25 years of proven experience as an accomplished absence and disability sales leader and consultant with powerful relationship building, negotiation, communication and presentation skills. She has a proven track record and demonstrated ability to obtain, grow and retain a customer base to support organizational objectives. In her new role at FINEOS, Allison will be responsible for developing new business clients for FINEOS Claims, FINEOS Absence and FINEOS AdminSuite. Alison’s expertise in absence management is especially important as Integrated Disability and Absence management (IDAM) beco
Brightcove Expands World Class Global Partner Program14.7.2020 16:00:00 EEST | Press release
Brightcove Inc. (NASDAQ: BCOV), the world’s leading video technology platform, today announced the expansion of the Brightcove Global Partner Program, designed to further extend the power of video to reach global audiences quickly and easily. With a broad portfolio of partners specifically focused on media and enterprise organizations, the Brightcove Global Partner Program broadens the reach of Brightcove’s leading video technology solutions, which help fuel innovation and drive transformative business strategies with video. Video is now a requirement to be a successful business. Brightcove’s Global Partner Program makes video technology readily available to organizations globally and enables them to implement it quickly through the channels that align best with their business models. By building a community of world-class partners, Brightcove is further democratizing the consumption of video, enabling companies around the world to bring their stories to viewers everywhere. The newly-e
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.Visit our pressroom