Investment adviser · CRD 148949

VARDE MANAGEMENT, L.P.

Investment adviser filing (IA)

NEW YORK, NY, United States · Form ADV filed Jun 26, 2026

Regulatory AUM: $16.1B
Client accounts: 121
Employees: 197
Advisory professionals: 64

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Pooled investment vehicles	118	$14,341,420,785	88.9%
Other clients	Fewer than 5	$1,786,717,063	11.1%

Filing source

Form ADV 2115865 · Jun 26, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

50+ Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

Browse the first 49 funds across 7 pages.

THE VARDE YARRA FUND, L.P.Hedge Fund · Last reported Jun 26, 2026$154MGross asset value

Form D fundraising filings

Varde Yarra Fund, L.P.

Fund administrator SS&C TECHNOLOGIES, INC. WINDSOR, Connecticut, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor KPMG, LLP MINNEAPOLIS, Minnesota, United States

Custodian GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States Related to adviser: No

Custodian WELLS FARGO BANK, N.A. SAN FRANCISCO, California, United States Related to adviser: No

Prime broker GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

KPMG, LLP
PCAOB 185

GOLDMAN SACHS & CO. LLC
SEC 8-129

WELLS FARGO BANK, N.A.
LEI PBLD0EJDB5FWOLXP3B76

GOLDMAN SACHS & CO. LLC
CRD 361 · SEC 8-129

Fund details & source

Fund ID: 805-7360835858
Reported beneficial owners: 3
Minimum commitment: $1
Form D file number: 021-506416

Form ADV 2115865 · Jun 26, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

SALUTE VENTURE II LPHedge Fund · Last reported Jun 26, 2026$153MGross asset value

Form D fundraising filings

SALUTE VENTURE II LP

Fund administrator SS&C TECHNOLOGIES, INC. WINDSOR, Connecticut, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor KPMG, LLP MINNEAPOLIS, Minnesota, United States

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: No
Administrator other than the adviser: Yes
External marketing: No

KPMG, LLP
PCAOB 185

Fund details & source

Fund ID: 805-4453269751
Reported beneficial owners: 2
Minimum commitment: $1
Form D file number: 021-520345

Form ADV 2115865 · Jun 26, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

THE VARDE ASIA CREDIT FUND II MASTER, L.P.Hedge Fund · Last reported Jun 26, 2026$152MGross asset value

Feeder funds

THE VARDE ASIA CREDIT FUND II, L.P.
THE VARDE ASIA CREDIT FUND II OFFSHORE, L.P.

Auditor KPMG, LLP GEORGE TOWN, Cayman Islands

Custodian GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States Related to adviser: No

Custodian STANDARD CHARTERED BANK MUMBAI, India Related to adviser: No

Custodian THE BANK OF NEW YORK MELLON NEW YORK, New York, United States Related to adviser: No

Custodian THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED MUMBAI, India Related to adviser: No

Marketer MISSURA CAPITAL LTD. HERZLIYA, Israel Related to adviser: No

Prime broker GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: No
External marketing: Yes

KPMG, LLP
PCAOB 1323

GOLDMAN SACHS & CO. LLC
SEC 8-129

STANDARD CHARTERED BANK
LEI RILFO74KP1CM8P6PCT

THE BANK OF NEW YORK MELLON
LEI HPFHU0OQ28E4N0NFVK49

THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED
LEI 2HI3YI5320L3RW6NJ957

GOLDMAN SACHS & CO. LLC
CRD 361 · SEC 8-129

Fund details & source

Fund ID: 805-7042307699
Reported beneficial owners: 6
Minimum commitment: $5M
Form D file number: 021-430430
Form D file number: 021-430431
Form D file number: 021-430433

Form ADV 2115865 · Jun 26, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

SALUTE VENTURE LPHedge Fund · Last reported Jun 26, 2026$131MGross asset value

Form D fundraising filings

SALUTE VENTURE LP

Fund administrator SS&C TECHNOLOGIES, INC. WINDSOR, Connecticut, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor KPMG, LLP MINNEAPOLIS, Minnesota, United States

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: No
Administrator other than the adviser: Yes
External marketing: No

KPMG, LLP
PCAOB 185

Fund details & source

Fund ID: 805-2332674612
Reported beneficial owners: 6
Minimum commitment: $1
Form D file number: 021-520344

Form ADV 2115865 · Jun 26, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

MPOWERED CAPITAL ACCESS FUND I, L.P.Hedge Fund · Last reported Jun 26, 2026$114MGross asset value

Form D fundraising filings

MPowered Capital Access Fund I, L.P.

Fund administrator SS&C TECHNOLOGIES, INC. WINDSOR, Connecticut, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor KPMG, LLP MINNEAPOLIS, Minnesota, United States

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: No
Administrator other than the adviser: Yes
External marketing: No

KPMG, LLP
PCAOB 185

Fund details & source

Fund ID: 805-3015341878
Reported beneficial owners: 66
Minimum commitment: $1
Form D file number: 021-419115

Form ADV 2115865 · Jun 26, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

VARDE CO-INVESTMENT D-5, L.P.Hedge Fund · Last reported Jun 26, 2026$103MGross asset value

Form D fundraising filings

Varde Co-Investment D-5, L.P.

Auditor KPMG, LLP MINNEAPOLIS, Minnesota, United States

Custodian GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States Related to adviser: No

Custodian WELLS FARGO BANK, N.A. SAN FRANCISCO, California, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: No

KPMG, LLP
PCAOB 185

GOLDMAN SACHS & CO. LLC
SEC 8-129

WELLS FARGO BANK, N.A.
LEI PBLD0EJDB5FWOLXP3B76

Fund details & source

Fund ID: 805-3504660402
Reported beneficial owners: 2
Minimum commitment: $1
Form D file number: 021-499167

Form ADV 2115865 · Jun 26, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

THE VARDE EUROPEAN REAL ESTATE FUND, L.P.Hedge Fund · Last reported Jun 26, 2026$91.7MGross asset value

Feeder funds

THE VARDE EUROPEAN REAL ESTATE FEEDER FUND, L.P.

Auditor KPMG, LLP MINNEAPOLIS, Minnesota, United States

Custodian GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States Related to adviser: No

Prime broker GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: No
External marketing: No

KPMG, LLP
PCAOB 185

GOLDMAN SACHS & CO. LLC
SEC 8-129

GOLDMAN SACHS & CO. LLC
CRD 361 · SEC 8-129

Fund details & source

Fund ID: 805-9118796991
Reported beneficial owners: 46
Minimum commitment: $10M
Form D file number: 021-290820
Form D file number: 021-290821

Form ADV 2115865 · Jun 26, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Jun 26, 2026. View historical filings

Reported services

Pooled investment vehicle management · Business portfolio management

Compensation

Percentage of assets · Performance-based

Principal office

520 MADISON AVENUE, 34TH FLOOR
NEW YORK, NY, 10022, United States

CRD 148949

Filing source

Form ADV 2115865 · Jun 26, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.