Fundraising FoxThe Varde
New York · 24 people tracked
Also known as Varde Management, L.P.
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New York, NY
Team · 24 people
from public directoriesAli M. Haroon· Executive Officer
Andrew C. Malone· Executive Officer
Andrew P. Lenk· Executive Officer
Aneek Mamik· Executive Officer
Bradley P. Bauer· Executive Officer
Brian C. Schmidt· Executive Officer
Carlos S. Esteve· Executive Officer· Greater London, England, United Kingdomin
David A. Marple· Executive Officer
Elena Lieskovska· Executive Officer
Francisco Milone· Executive Officer· New York, New York, United Statesin
George G. Hicks· Executive Officer
Giuseppe Naglieri· Executive Officer
Haseeb K. Malik· Executive Officer· Singaporein
Ilfryn C. Carstairs· Executive Officer· Brisbane City, Queensland, Australiain
James E. Dunbar· Executive Officer· Minneapolis, Minnesota, United Statesin
Jason R. Spaeth· Executive Officer
Jeremy D. Hedberg· Executive Officer
Jon A. Fox· Executive Officer
Katie S. Kloster· Executive Officer
Kirsten E. Voss· Executive Officer
Marcia L. Page· Executive Officer
Rick J. Noel· Executive Officer
Scott T. Hartman· Executive Officer
Timothy J. Mooney· Executive Officer
Fund performance · per public LP disclosures · 17
as of Dec 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Varde Fund XIVLPs: Minnesota State Board of Investment | 2022 | — | 9.4% | 1.16x | 0.08x |
| Varde Fund XIII, L.P.LPs: Minnesota State Board of Investment | 2018 | — | 8.9% | 1.41x | 0.83x |
| Varde Specialty Finance Fund, LPLPs: Empire State Development – New York Ventures | 2018 | — | — | 1.32x | 0.85x |
| Varde Scratch and Dent Feeder I-A, L.P.LPs: Pennsylvania Public School Employees' Retirement System | 2016 | — | 4.0% | 1.13x | 1.06x |
| Varde Fund XI, L.P.LPs: North Carolina Retirement Systems, Florida State Board of Administration, Minnesota State Board of Investment | 2014 | — | 4.3% | 1.32x | 1.19x |
| Varde Scratch and Dent Feeder, L.P.LPs: Pennsylvania Public School Employees' Retirement System | 2014 | — | 5.6% | 1.19x | 1.18x |
| The Varde Fund XI (C) LPLPs: Florida State Board of Administration | 2013 | — | 4.3% | 1.31x | 1.16x |
| VARDE FUND X LPLPs: Minnesota State Board of Investment, North Carolina Retirement Systems, Klarman Family Foundation +2 more | 2011 | — | 10.0% | 1.74x | 1.70x |
| The Varde Fund X (C) LPLPs: Florida State Board of Administration | 2010 | — | 9.8% | 1.72x | 1.68x |
| Varde Partners Fund X, L.P.LPs: Florida State Board of Administration | 2009 | — | 10.0% | 1.74x | 1.67x |
| Varde Fund IX, L.P.LPs: Minnesota State Board of Investment, Carnegie Corporation of New York, Rockefeller Foundation | 2008 | — | 15.0% | 2.17x | 2.17x |
| The Varde Fund XII-CLPs: Florida State Board of Administration | 2003 | — | 4.8% | 1.29x | 0.80x |
| Varde Select Fund, L.P.LPs: Washington State Investment Board | 1998 | — | 6.0% | 1.30x | 1.32x |
| The Varde Asia Credit Fund, L.P.LPs: Texas Municipal Retirement System | — | — | 8.7% | 1.58x | 1.19x |
| The Varde Dislocation Fund, L.P.LPs: Texas Municipal Retirement System | — | — | 9.2% | 1.34x | 0.97x |
| The Varde Private Debt Opportunities Fund (Onshore), L.P.LPs: Texas Municipal Retirement System | — | — | 8.2% | 1.61x | 1.27x |
| Varde Investment Partners, L.P.LPs: Texas Municipal Retirement System, Annie E. Casey Foundation, Klarman Family Foundation | — | — | — | 1.63x | 0.91x |
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 The Varde located?
- The Varde is headquartered in New York.