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Garda

Institutional investor

Wayzata · 8 people tracked

Also known as GARDA CAPITAL PARTNERS LP

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Investment thesis

Garda pursues a single investment strategy focused on fixed income relative value, capturing opportunities in global interest rate disparities and sovereign debt instruments across developed markets. Its approach seeks consistent, positive returns uncorrelated to broader market movements through varying cycles. The firm identifies opportunities arising from supply and demand imbalances in sovereign bonds, segmentation among interest rate futures, cash bonds and swaps, and divergent monetary policies. Portfolio construction relies on long/short relative value themes, supported by proprietary analysis and disciplined risk management. Garda emphasizes protecting and growing capital for institutional investors, backed by a track record spanning multiple market cycles including financial crises and rate regime shifts.

Invests inGlobal

Source: firm website, verified Aug 25, 2026.

HQ
Wayzata, US
Founded
2016
AUM
$207.1B

Team · 8 people

from the firm's website

Fund performance · per public LP disclosures · 2

as of Dec 2024
FundVintageCommittedNet IRRTVPIDPI
Garda Fixed Income Relative Value Opportunity Fund (Onshore) LtdLPs: Florida State Board of Administration201910.8%1.69x
Garda FIRV Opportunity FundLPs: Florida State Board of Administration200111.8%

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

Where is Garda located?
Garda is headquartered in Wayzata, US.

Images

Garda photo

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