Värde Partners raises $400m

The US-based private credit manager closes first credit fund dedicated to Asia.

Värde Partners has held a final closing for its debut credit fund focused on the Asian region at $400 million. The firm’s Asian credit strategy focuses on four main countries in the Asia-Pacific region: Australia, Indonesia, India and Japan. It will invest in corporate credit, special situations and stressed and distressed real estate debt.

Its first Asia-dedicated fund is mainly backed by US LPs as well as a few Asian LPs and some European LPs. The firm seeks limited partners with equity cheques ranging from $10 million to $200 million apiece for fund commitments.