Varde Management, L.P.
New York, NY · CIK 1559130 · 13F filing filed 2026-08-14
SEC-registered investment adviser since 2009 · limited partnership
- Assets managed$16.1bn
- Staff197 · 64 in investment roles
- Main clients (by assets)Private funds 89%
- Private funds46 (46 hedge) · $14.3bn gross assets
- Websitevarde.com
- Form ADV · 2026-06-26SEC adviser record
- Legal entityVARDE MANAGEMENT, L.P. (US)
- Kindhedge funds, futures, FCA fund manager
- Others nearbyNew York, NY, Minneapolis, MN, London
As an employer
- Offices in1 country
- Private fundshedge 46
Where they work
Offices
From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.
| City | People |
|---|---|
| New York, NY (main office)United States | about 50 |
| Minneapolis, MNUnited States | 14 |
In the UK
- FCA-authorised companies1
- Manages investmentsyes
- Retail clientsno, professional only
| Company | Staff |
|---|---|
| VARDE PARTNERS EUROPE LIMITED Private Limited CompanyFCA: Authorised · manages investments, advises, deals |
Sources: Companies House (accounts filed electronically; the largest groups often file on paper, so their staff numbers can be missing), the UK gender pay gap service (employers with 250+ staff) and the FCA's Financial Services Register. Contains public sector information licensed under the Open Government Licence v3.0.
Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.
Options: 0 call positions (— notional), 1 put positions ($1.3m notional) – listed below, not included above.
Holdings, Q2 2026
The small lines show how much was held over the last 4 quarters (adjusted for stock splits).
| Security | Value | Change |
|---|---|---|
| ZIFF DAVIS INC ZD | $32.7m48.70% | Added +90.0k |
| SURGERY PARTNERS INC SGRY | $16.9m25.12% | Added +248.0k |
| ECHOSTAR CORP ECHO | $16.2m24.11% | Added +12.0k |
| ZIPRECRUITER INC ZIP | $1.4m2.08% | Added +23.9k |
Options (notional value)
| Underlying | Notional | Change |
|---|---|---|
| TRUMP MEDIA & TECHNOLOGY GRO DJT · Put | $1.3m8.5k shares | New |