Värde Raises $1.5B for Asset-Based Lending Opportunities

Värde Partners, an alternative investment firm headquartered in Minneapolis, has raised nearly $1.5 billion for asset-based lending opportunities through the Värde Asset Lending Fund II and related accounts and co-investments.

The company originates loans and provides financing services for consumers, businesses and lenders. The firm invests in lending strategies across finance (auto, equipment and personal loans), commercial real estate 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-CIO.

Founded in 1993, the firm has invested more than $95 billion across the credit quality and liquidity spectrum in both public and private markets. Värde currently manages $13 billion in assets in North America, Europe and the Asia-Pacific.

In December 2018, the firm raised $400 million for its first Asia Credit Fund, exceeding its $250 million target. It also raised nearly $2.5 billion for its 13th flagship fund, Varde Fund XIII, in December 2019.