Värde wraps up twelfth fund at $1.74 bln

Värde Partners has closed its twelfth fund at $1.74 billion. Värde Fund XII’s limited partners include state and corporate pensions, endowments, foundations, and funds of hedge funds in North America, Europe and Asia Pacific. Värde invests across a diversity of geographies, segments and asset types.

PRESS RELEASE

Minneapolis, Minnesota—March 17, 2017—Värde Partners, the $12 billion global alternative investment firm, today announced the final close of The Värde Fund XII (“Fund XII”). Fund XII closed with $1.74 billion of committed capital. The firm invests in opportunities across a broad array of geographies, segments and asset types.

Värde believes that Fund XII is well positioned to support value-based and credit-oriented investments in markets around the globe. The Fund’s main areas of focus include opportunities across credit, real estate and specialty finance on a global basis, highlighting investment themes related to bank retrenchment, new distressed cycles and market distress still remaining from the great financial crisis.

“We are extremely pleased that so many of our long-time limited partners continue to invest with Värde,” said George Hicks, Co-Founder, CEO and Co-CIO of Värde Partners. “We are equally happy to welcome so many new investors to Fund XII,” he continued.
“Fund XII continues the strong legacy of Värde’s flagship funds,” said Brad Bauer, President of Värde. “These funds have been the cornerstone of the firm’s investing and we are excited to begin work on Fund XII’s investment mandate,” he continued.

The investors in the funds represent a global pool of private capital sources, including state and corporate pensions, endowments, foundations, and funds of hedge funds in North America, Europe and Asia Pacific.

About Värde Partners
Värde Partners is a $12 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 real estate, corporate credit, mortgages, specialty finance, transportation and infrastructure. The firm sponsors and manages a family of private investment funds with a global investor base that includes foundations and endowments, pension plans, insurance companies, other institutional investors and private clients. Now in its third decade, Värde employs 250 people with main offices in Minneapolis, London and Singapore and additional offices around the world.