Global alternative investment firm Varde Partners announced that it has raised nearly $1.5 billion for Varde Asset Lending Fund II, its asset-based lending opportunities platform.
The fund received support from a global base of institutional investors.
Varde Partners is a global alternative investment firm specializing in credit and credit-related assets. Founded in 1993, the firm has invested more than $95 billion across the credit quality and liquidity spectrum in both public and private markets.
Through its established lending platforms and relationships, Varde originates loans and provides financing solutions for consumers, businesses, and lenders.
The firm invests in lending strategies across a range of industries, including specialty finance (auto, equipment, and personal loans), commercial real estate (CRE), and technology.
Varde Partner & Co-Chief Investment Officer Brad Bauer said:
Unfolding in front of us is one of the most compelling credit investment environments since the Global Financial Crisis, and we look forward to building on our track record of delivering attractive risk-adjusted returns for our investors. The surge in demand for non-bank financing – an acceleration of a more than decade-long trend – underscores the need for private credit and magnifies already significant lending opportunities.
Varde’s approach to sourcing and structuring investments with strong downside protection is honed by 30 years of experience originating credit backed by a range of assets. It currently manages $13 billion in assets with teams in North America, Europe, and Asia Pacific focused on Corporate & Traded Credit, Real Estate, and Financial Services & Diversified Private Credit.
Aneek Mamik, Partner & Global Head of Financial Services & Diversified Private Credit, said:
The growing demand for asset-based lending solutions and strategies aligns with our strengths and the global platform we have built over many years – a platform that provides insight into the credit and financing needs of millions of consumers and tens of thousands of businesses. Värde brings an experienced and well-connected team to the table as we structure customized solutions for strong borrowers in underserved parts of the market.