The final close of The Varde Dislocation Fund exceeded expectations, bringing the total capital targeting dislocation opportunities at Varde Partners to $2.6 billion, the firm announced today.
The Varde Dislocation Fund raised more than $1.6 billion of commitments and exceeded its $1 billion target in five short months of fundraising during a global pandemic. The fund invests in opportunities presented by the historic market dislocations and economic disruption resulting from the COVID-19 pandemic. The global mandate of the Varde fund is to pursue a broad universe of mispriced, stressed and distressed credit.
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