Varde Management, L.P.
Värde Management, L.P. is a global alternative investment management firm headquartered in Minneapolis, Minnesota. Founded in 1993 by former Cargill executives, Värde specializes in alternative investments, credit-related assets, and distressed securities, with growth into areas like real estate and asset-based finance. The firm operates offices in London, Singapore, New York, Luxembourg, and Mumbai, serving institutional investors worldwide. Värde currently manages approximately $16–21 billion in assets across a diverse set of funds, with around 233 employees. It is recognized for its rigorous risk management, global reach, and commitment to integrity, transparency, and innovation in serving its clients.
Investment Strategy
Värde Management focuses on identifying undervalued opportunities in credit markets, distressed debt, real estate, and asset-based finance across both public and private markets. Its investment approach employs rigorous, fundamental value-based analysis, leveraging deep experience to navigate complex, cyclical environments. The firm invests across the full capital structure, utilizing quantitative and qualitative methods to minimize downside risk and create value through strategic restructuring and repositioning. Key focus areas include corporate and traded credit, mortgages, financial services, real estate, and real assets. Värde aims to capitalize on market inefficiencies and dislocations with the flexibility to originate credit, provide capital solutions, and scale investments quickly across global markets.
Top Holdings
Equity Positions (3)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
N NBR | Nabors Industries Ltd | 79.21% | $59.8M | 1,718,430 | $41.71 | $28.02 | +$8.3M |
L LTM | Latam Airlines Group SA | 17.43% | $13.1M | 303,036 | $26.41 | $40.64 | -$76.0M |
T TDW | Tidewater Inc | 1.88% | $1.4M | 28,390 | $54.71 | $46.13 | +$392.4K |