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Asset/Investment Management
varde.com

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Investments

9

Portfolio Exits

2

Funds

16

Partners & Customers

4

About Varde Partners

Varde Partners is a privately-held investment manager specializing in alternative investments. The company has expertise in a range of markets and securities and provides a high level of service to a select group of global investors that include foundations and endowments, pension plans, insurance companies, other institutional investors, and private clients.

Varde Partners Headquarter Location

901 Marquette Avenue South Suite 3300

Minneapolis, Minnesota, 55402,

United States

952-893-1554

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Latest Varde Partners News

Varde Provides $155M India Office Construction Financing

Apr 6, 2021

AlphaMaven Investment Listings ◦ Contact & Company Profiles ◦ News ◦ Member Posts Crowd Sourced Investment Due Diligence 7h agoPrivate Equitylaw360Views: 10 Minnesota-based Varde Partners said Tuesday it has provided $155 million to Indian business conglomerate Phoenix Group to refinance and complete two office developments in a financial district of Hyderabad, India. -

Varde Partners Investments

9 Investments

Varde Partners has made 9 investments. Their latest investment was in Mercury Financial as part of their Unattributed - II on March 3, 2021.

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Varde Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/18/2021

Unattributed - II

Mercury Financial

$100M

Yes

Brigade Capital Management, and Undisclosed Investors

2

5/30/2019

Private Equity - II

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$99M

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10

5/9/2019

Private Equity

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$99M

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10

9/27/2018

Corporate Minority

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$99M

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10

6/26/2018

Corporate Minority - P2P

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$99M

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10

Date

3/18/2021

5/30/2019

5/9/2019

9/27/2018

6/26/2018

Round

Unattributed - II

Private Equity - II

Private Equity

Corporate Minority

Corporate Minority - P2P

Company

Mercury Financial

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Amount

$100M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Brigade Capital Management, and Undisclosed Investors

Sources

2

10

10

10

10

Varde Partners Portfolio Exits

2 Portfolio Exits

Varde Partners has 2 portfolio exits. Their latest portfolio exit was Deephaven Mortgage on June 18, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/18/2019

Acq - Fin - II

4

00/00/0000

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$991

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10

Date

6/18/2019

00/00/0000

Exit

Acq - Fin - II

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Companies

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Valuation

$991

Acquirer

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Sources

4

10

Varde Partners Acquisitions

15 Acquisitions

Varde Partners acquired 15 companies. Their latest acquisition was Imopolis on November 26, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/26/2018

Acquired

2

11/8/2018

Corporate Majority

Acquired

1

11/2/2018

Acquired Unit

1

11/13/2017

Acq - Fin

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$99M

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10

7/21/2017

Acq - Fin - II

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$99M

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10

Date

11/26/2018

11/8/2018

11/2/2018

11/13/2017

7/21/2017

Investment Stage

Corporate Majority

Acq - Fin

Acq - Fin - II

Companies

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Valuation

Total Funding

$99M

$99M

Note

Acquired

Acquired

Acquired Unit

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Sources

2

1

1

10

10

Varde Partners Fund History

16 Fund Histories

Varde Partners has 16 funds, including The Varde Dislocation Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/10/2020

The Varde Dislocation Fund

$1,600M

1

12/18/2019

Fund XIII

Restructuring/Distressed Debt

$2,470M

2

5/21/2019

Varde Specialty Finance Fund

Diversified Private Equity

$156.5M

1

5/21/2019

Varde Specialty Finance Parallel Fund

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$99M

10

12/3/2018

Värde Asia Credit Fund

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$99M

10

Closing Date

11/10/2020

12/18/2019

5/21/2019

5/21/2019

12/3/2018

Fund

The Varde Dislocation Fund

Fund XIII

Varde Specialty Finance Fund

Varde Specialty Finance Parallel Fund

Värde Asia Credit Fund

Fund Type

Restructuring/Distressed Debt

Diversified Private Equity

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Status

Amount

$1,600M

$2,470M

$156.5M

$99M

$99M

Sources

1

2

1

10

10

Varde Partners Partners & Customers

4 Partners and customers

Varde Partners has 4 strategic partners and customers. Varde Partners recently partnered with American Equity Investment Life Holding Company on September 9, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

9/28/2020

Partner

American Equity Investment Life Holding Company

United States

Värde Partners’s Partnership With American Equity and Agam

Värde Partners , Inc. , a leading global alternative investment firm , entered into its agreement to form a strategic partnership with American Equity Investment Life Holding Company , a leading issuer of fixed index annuities , and Agam Capital Management , LLC , an insurance solutions provider .

2

3/26/2018

Partner

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10

3/26/2018

Partner

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10

1/25/2018

Vendor

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10

Date

9/28/2020

3/26/2018

3/26/2018

1/25/2018

Type

Partner

Partner

Partner

Vendor

Business Partner

American Equity Investment Life Holding Company

Country

United States

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News Snippet

Värde Partners’s Partnership With American Equity and Agam

Värde Partners , Inc. , a leading global alternative investment firm , entered into its agreement to form a strategic partnership with American Equity Investment Life Holding Company , a leading issuer of fixed index annuities , and Agam Capital Management , LLC , an insurance solutions provider .

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Sources

2

10

10

10

Varde Partners Team

7 Team Members

Varde Partners has 7 team members, including current Chief Executive Officer, George Hicks.

Name

Work History

Title

Status

George Hicks

Chief Executive Officer

Current

Bradley P. Bauer

President

Current

Jeremy Hedberg

Capmark Financial Group, Chiquita Brands International, FLAG Telecom Group, and Goldner Hawn

Chief Investment Officer

Current

Sandeep Chandak

Managing Director

Current

Gregory S. McMillan

Managing Partner

Former

Name

George Hicks

Bradley P. Bauer

Jeremy Hedberg

Sandeep Chandak

Gregory S. McMillan

Work History

Capmark Financial Group, Chiquita Brands International, FLAG Telecom Group, and Goldner Hawn

Title

Chief Executive Officer

President

Chief Investment Officer

Managing Director

Managing Partner

Status

Current

Current

Current

Current

Former

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