Värde Partners Closes $2B Investment Fund

Jun 18 2014 | 1:11pm ET

Minneapolis, Minn.based Värde Partners has staged the final closing of its latest investment fund at $2 billion.

The Värde Fund XI will seek distressed and credit-oriented investment opportunities in multiple markets with a focus on U.S. corporates, European corporates, European sovereigns and financials, structured products, U.S. real estate, U.S. specialty finance, European specialty finance and global transportation.

“We are extremely pleased that so many of our historic limited partners continue to invest with Värde and have supported us over the last 20 years," said George Hicks, co-founder and co-CIO of Värde Partners, in a statement.

Approximately 80% percent of investors in Fund XI were investors in Värde’s predecessor funds. They include state and corporate pensions, endowments, foundations, and funds of hedge funds in the United States, Europe and Asia. 

Värde Partners is an $8.5 billion global alternative investment firm that employs a credit-oriented, value-based approach to investing across a broad array of geographies, segments and asset types, including stressed and distressed corporate credit, structured products, residential mortgages, real estate, specialty finance, transportation and infrastructure. Founded in 1993 by George G. Hicks, Marcia L. Page and Gregory S. McMillan, Värde Partners has more than 170 employees. The firm has offices in Minneapolis, London and Singapore. 


In Depth

Virtu Celebrates Another Year Without a Single Day of Losses

Feb 26 2015 | 9:05am ET

High-frequency trading firm Virtu Financial Inc. reported another year without a...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Risk: How To Get In Front Of The Problem

Feb 26 2015 | 9:53am ET

In considering the topic of risk in the hedge fund world, specifically, the oversight...

 

Editor's Note