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Laxman Pai, Opalesque Asia:

Global alternative investment firm Varde Partners has raised nearly $1.5 billion from institutional investors for asset-based lending through its Varde Asset Lending Fund II and related accounts and co-investments.

According to a media release from the investment manager specializing in credit and credit-related assets, through its established lending platforms and relationships, Varde originates loans and provides financing solutions for consumers, businesses, and lenders.

The firm, which has invested more than $95 billion across the credit quality and liquidity spectrum, explained that it invests in lending strategies across a range of industries, including specialty finance (auto, equipment, and personal loans), commercial real estate (CRE), and technology.

"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," said Brad Bauer, partner & co-chief investment officer at Varde Partners.

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, said the release.

"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 ......................

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