Sat, Oct 10, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Värde Partners Closes $2bn Fund

Thursday, June 19, 2014

Bailey McCann, Opalesque New York:

Global alternative investment firm Värde Partners has closed its most recent fund -Värde Fund XI on $2bn. Värde manages $8.5bn in assets across credit-oriented products, including stressed and distressed corporate credit, structured products, residential mortgages, real estate, specialty finance, transportation and infrastructure.

The fund will be focused on seeking distressed and credit-oriented opportunities worldwide. The fund’s main areas of focus include U.S. corporates, European corporates, European sovereigns and financials, structured products, U.S. real estate, U.S. specialty finance, European specialty finance and global transportation.

As Opalesque has previously reported, credit strategies continue to hold favor with both managers and investors – especially those considering the range of distressed opportunities in the EU. As the EU continues to work through its banking union and banking recapitalization plans, managers in the space expect the opportunity for distressed and other credit strategies to hold for another 2-5 years.

Marc Lasry’s avenue capital is believed to be considering a distressed energy companies fund, further highlighting the variety of opportunities open to credit investors. Perhaps most notably, outside of the US and EU distressed opportunity set, is the potential for another Argentine default following that country’s loss in the US courts over payments to bondholders.

Approximately 80% p......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  2. Manager Profile - Pimco alternative funds flourish as 30-year bond rally fades[more]

    From Inside Pacific Investment Management Co., the bond behemoth that lost two chief investment officers last year and saw almost $500 billion of client money leave, a hidden profit engine is easing some of the pain. For more than a decade, Newport Beach, California-based Pimco has qu

  3. Niche Investing - Art investment funds: Attracting institutional and other new investors[more]

    From The Deloitte/ArtTactic Art and Finance Report 2014 (the "Art and Finance Report") noted that the "global art investment fund market was estimated to be worth at least $1.26 billion in the first half of 2014." This seems almost inconsequential when juxtaposed with the $54 billion of

  4. Hedge fund Barnegat survives September’s market selloff[more]

    Komfie Manalo, Opalesque Asia: Bob Treue’s $679 million Barnegat Fund proved resilient after another month of market letdown as the hedge fund gained 2.2% last month, bringing its year-to-date gains to 2.8%. Treue said in his monthly report to i

  5. …And Finally - Japanese men want upgrade on their virtual girlfriends[more]

    From Five years after News of the Weird mentioned it, Japan's Love Plus virtual-girlfriend app is more popular than ever, serving a growing segment of the country's lonely males -- those beyond peak marital years and resigned to artificial "relationships." Love Plus models (Rinko