Global alternative investment firm Värde Partners has closed on $2.47 billion in capital commitments for its 13th flagship vehicle, Värde Fund XIII, exceeding its target of $2 billion.
The fund will have the flexibility to invest in a range of credit and credit-related assets globally across liquid traded credit, special situations, real estate and financial services. The fund was backed by a diversified base of both new and long-time investors.
“Over the past 26 years, we have built a global platform with the agility to seek attractive risk-adjusted value in opportunistic credit and asset markets,” noted George Hicks, co-founder and CEO. “In this fund, we utilize our deep experience through many market cycles with the flexibility to invest in both private and liquid markets, across capital structures and regions.”
Värde said it expects the opportunity set to be driven by systemic distress factors and cyclical opportunities associated with industry or
