Värde Partners raises $2.47bn

The $14 billion US asset manager achieves final close for its thirteenth flagship credit fund.

Värde Partners has raised $2.47 billion for its Värde Fund XIII.

The fund has exceeded its target of $2 billion and will gain a wide range of investments in credit and credit-related assets globally which include liquid traded credit, special situations, real estate and financial services.

With this fund close, the firm is managing over $14 billion of assets and continues its focus on investments in mortgages, private debt, real estate, and specialty finance across Asia and Europe.