Värde Partners, a global alternative investment firm, has held the final close of the Värde Asia Credit Fund with approximately $400 million of committed capital. The fund, which exceeded its $250 million target and closed after six months, is the firm’s first Asia-dedicated vehicle.
The fund invests in real estate debt and other methods of private debt. It has the flexibility to invest across corporate credit, special situations lending, and stressed and distressed real estate investments throughout Asia Pacific.
Värde expects the opportunity set to be driven by structural and cyclical factors in the region, including bank retrenchment and less developed capital markets, as well as sectors with high leverage and slowed growth in certain economies and industries.
The Värde Asia Credit Fund received commitments from a global and diverse base of investors, including public and private pensions, endowments, foundations, and family offices across North America
