VARDE MANAGEMENT, L.P.

HTTP://WWW.VARDE.COM MINNEAPOLIS, MN Investment Advisor Hedge Fund How do I update this listing?

Varde Management is based out of Minneapolis. Varde Management is a large advisory firm with 78 clients and discretionary assets under management (AUM) of $18,980,074,780 (Form ADV from 2019-04-30). Their last reported 13F filing for Q1 2019 included $387,600,000 in managed 13F securities and a top 10 holdings concentration of 100.0%. Varde Management's largest holding is OneMain Holdings Inc with shares held of 11,355,568. Whalewisdom has at least 12 13F filings

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03/31/2019

Top Sells

  • Name% Change

03/31/2019

13F Sector Allocation Over Time

03/31/2019

13F Activity

  • Market Value $387.6 Million
  • Prior Market Value $4.735 Million
  • New Purchases4 stocks
  • Additional Purchases0 stocks
  • Sold out of0 stocks
  • Reduced holdings in0 stocks
  • Top 10 Holdings % 100.00 %
  • Turnover % [1]:%
  • Turnover Alt % [2]: %
  • Time Held Top20:0.00 quarters
  • Time Held Top10:0.00 quarters
  • Time Held All:0.00 quarters

[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.

[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.

Portfolio Performance

Top 20 equal-weighted holdings. Performance numbers calculated through 2019-05-15

Performance for Q1 2019: -27.27%
Performance Last 4 Quarters: -49.47%
Performance Metrics
Stdev (5-yrs): Subscription required BETA (5-yrs): Subscription required ALPHA (3-yrs): Subscription required
Max Drawdown (all-years): Subscription required Annualized Perf (3-yrs): Subscription required Batting Avg vs S&P. (3-yrs): Subscription required
Sortino (3-yrs): Subscription required Stutzer (3-yrs): Subscription required Treynor (3-yrs): Subscription required
Sterling (3-yrs): Subscription required Calmar (3-yrs): Subscription required Information Ratio (3-yrs): Subscription required
Tracking Error (3 yrs): Subscription required Stdev Down (3-yrs): Subscription required Winning Months %: Subscription required
Losing Months %: Subscription required Best 12 Months: Subscription required Worst 12 Months: Subscription required
Efficiency Ratio (3-yrs): Subscription required Sharpe: Subscription required Stdev Sectors: Subscription required
Skewness (3-yrs): Subscription required Kurtosis (3-yrs): Subscription required Upside Potential (3-yrs): Subscription required

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*Shares are split adjusted
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13F Filings Available:
  • 2019-03-31 - 13F-HR/A (Subscription required)
  • 2019-03-31 - 13F-HR (Subscription required)
  • 2017-09-30 - 13F-HR (Subscription required)
  • 2017-06-30 - 13F-HR (Subscription required)
  • 2017-03-31 - 13F-HR (Subscription required)
  • 2016-12-31 - 13F-HR (Subscription required)
  • 2015-09-30 - 13F-HR (Subscription required)
  • 2015-06-30 - 13F-HR (Subscription required)
  • 2015-03-31 - 13F-HR (Subscription required)
  • 2014-12-31 - 13F-HR (Subscription required)
  • 2014-09-30 - 13F-HR (Subscription required)
  • 2014-06-30 - 13F-HR (Subscription required)

View Last Form Adv Compilation Report on Record

VARDE MANAGEMENT, L.P.
Classified as Hedge Fund
901 MARQUETTE AVENUE SOUTH SUITE 3300
MINNEAPOLIS MN    55402
Country: United States

Business Phone: 952-893-1554
Fax: 952-893-9613
Professional Investment Advisor Data
SEC Registration as : Large Advisory Firm
Form of Organization: Limited Partnership
Organized in: DE
Number of employees: 303
Other Business Activities: commodity pool operator or commodity trading advisor
Advisor Fees/Compensation: Percentage of assets under management,Performance-based fees
Amount of client funds and securities: 18,980,100,000
Total Number of Clients: 78
Amount of client funds and securities by related persons: 18,980,100,000
Total Number of clients from related persons: 78
Disclosures:
Data above was derived from SEC filings.

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VARDE MANAGEMENT, L.P.

ownership team - last updated 2019-03-29
Name Title Start Date Direct/Indirect % Ownership
HICKS, GEORGE, G CHIEF EXECUTIVE OFFICER AND LIMITED PARTNER 03/01/2006 Direct 10 - 25%
Fund Name Position direct/indirect start date end date
VARDE PARTNERS, L.P. PRINCIPAL indirect 1993-12-01
VARDE MANAGEMENT, L.P. PRINCIPAL indirect 1994-04-01
VARDE PARTNERS, L.P. LIMITED PARTNER direct 1994-05-01
VARDE MANAGEMENT INTERNATIONAL, L.P. PRINCIPAL indirect 1996-12-01
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER direct 2006-03-01
VARDE MANAGEMENT, L.P. CHIEF EXECUTIVE OFFICER direct 2006-03-01
VARDE PARTNERS LP VICE PRESIDENT direct 1994-05-01 2001-03-02
VARDE PARTNERS LP VICE PRESIDENT indirect 1994-02-01 2006-03-10
VARDE MANAGEMENT INTERNATIONAL, INC. SHAREHOLDER direct 1994-05-01 2006-03-10
VARDE MANAGEMENT INTERNATIONAL, L.P. SHAREHOLDER/VICE PRESIDENT indirect 1994-05-01 2008-03-31
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER direct 1994-05-01 2008-03-31
VARDE PARTNERS, L.P. MANAGING PARTNER indirect 2004-04-01 2008-03-31
VARDE PARTNERS, L.P. PRINCIPAL indirect 2004-04-01 2010-01-07
VARDE MANAGEMENT, L.P. PRINCIPAL indirect 1994-04-01 2010-03-31
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2006-03-01 2015-12-04
PAGE, MARCIA, LYNN LIMITED PARTNER 03/01/2006 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
VARDE PARTNERS, L.P. PRINCIPAL indirect 1994-01-01
VARDE MANAGEMENT, L.P. PRINCIPAL indirect 1994-04-01
VARDE PARTNERS, L.P. LIMITED PARTNER direct 1994-05-01
VARDE MANAGEMENT INTERNATIONAL, L.P. PRINCIPAL indirect 1996-12-01
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2006-03-01
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER direct 2006-03-01
VARDE PARTNERS LP VICE PRESIDENT direct 1994-05-01 2001-03-02
VARDE PARTNERS LP VICE PRESIDENT indirect 1994-02-01 2006-03-10
VARDE MANAGEMENT INTERNATIONAL, INC. SHAREHOLDER direct 1994-05-01 2006-03-10
VARDE MANAGEMENT INTERNATIONAL, L.P. SHAREHOLDER/VICE PRESIDENT indirect 1994-05-01 2008-03-31
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER direct 1994-05-01 2008-03-31
VARDE PARTNERS, L.P. MANAGING PARTNER indirect 2004-04-01 2008-03-31
VARDE PARTNERS, L.P. PRINCIPAL indirect 2004-04-01 2010-01-07
VARDE MANAGEMENT, L.P. PRINCIPAL indirect 1994-04-01 2010-03-31
HEDBERG, JEREMY, DUDLEY LIMITED PARTNER 03/01/2006 Direct 10 - 25%
Fund Name Position direct/indirect start date end date
VARDE PARTNERS, L.P. LIMITED PARTNER direct 2003-02-01
VARDE MANAGEMENT INTERNATIONAL, INC. LIMITED PARTNER direct 2003-02-01
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER direct 2006-03-01
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2006-03-01
NOEL, RICKY, JOHN LIMITED PARTNER 03/01/2006 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
VARDE PARTNERS, L.P. LIMITED PARTNER direct 2006-01-01
VARDE MANAGEMENT INTERNATIONAL, INC. LIMITED PARTNER direct 2006-01-01
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER direct 2006-03-01
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2006-03-01
VÄRDE MANAGEMENT, INC. GENERAL PARTNER 03/01/2006 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT, L.P. GENERAL PARTNER direct 1994-05-01
VARDE MANAGEMENT, L.P. GENERAL PARTNER direct 2006-03-01
LENK, ANDREW, PAUL LIMITED PARTNER 01/01/2009 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE PARTNERS, L.P. LIMITED PARTNER direct 2009-01-01
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER direct 2009-01-01
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2009-01-01
MCMILLAN, GREGORY, SCOTT RETIRED LIMITED PARTNER 07/01/2008 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT, L.P. RETIRED LIMITED PARTNER direct 2008-07-01
VARDE MANAGEMENT, L.P. RETIRED PRINCIPAL indirect 2008-07-01
VARDE MANAGEMENT INTERNATIONAL, L.P. RETIRED LIMITED PARTNER direct 2008-07-01
VARDE MANAGEMENT INTERNATIONAL, L.P. RETIRED PRINCIPAL indirect 2008-07-01
VARDE PARTNERS, L.P. RETIRED PRINCIPAL indirect 2008-07-01
VARDE PARTNERS, L.P. RETIRED LIMITED PARTNER direct 2008-07-01
VARDE PARTNERS LP VICE PRESIDENT direct 1994-05-01 2001-03-02
VARDE MANAGEMENT INTERNATIONAL, INC. SHAREHOLDER direct 1994-01-01 2006-03-10
VARDE PARTNERS LP VICE PRESIDENT indirect 1994-02-01 2006-03-10
VARDE PARTNERS LP LIMITED PARTNER direct 1994-05-01 2006-03-10
VARDE PARTNERS LP LIMITED PARTNER / CHIEF COMPLIANCE OFFICER direct 1994-05-01 2008-03-31
VARDE MANAGEMENT INTERNATIONAL, L.P. SHAREHOLDER/VICE PRESIDENT indirect 1994-05-01 2008-03-31
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER/CHIEF COMPLIANCE OFFICER direct 1994-05-01 2008-03-31
VARDE PARTNERS, L.P. MANAGING PARTNER indirect 2004-04-01 2008-03-31
VARDE PARTNERS, L.P. RETIRED PRINCIPAL indirect 2004-04-01 2008-11-17
VARDE MANAGEMENT INTERNATIONAL, L.P. RETIRED PARTNER direct 2008-07-01 2009-01-02
VARDE PARTNERS, L.P. RETIRED LIMITED PARTNER direct 1994-05-01 2010-01-07
VARDE MANAGEMENT INTERNATIONAL, L.P. RETIRED LIMITED PARTNER direct 2006-03-01 2010-01-07
VARDE MANAGEMENT, L.P. RETIRED LIMITED PARTNER direct 2006-03-01 2010-01-07
VARDE MANAGEMENT, L.P. RETIRED PRINCIPAL indirect 2008-07-01 2010-03-31
KLOSTER, KATIE, SUE CHIEF COMPLIANCE OFFICER 03/01/2010 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT, L.P. CHIEF COMPLIANCE OFFICER direct 2010-03-01
VARDE MANAGEMENT INTERNATIONAL, L.P. CHIEF COMPLIANCE OFFICER direct 2010-03-01
VARDE PARTNERS, L.P. CHIEF COMPLIANCE OFFICER direct 2010-03-01
LUTHERAN BROTHERHOOD SECURITIES CORP. ASST VICE PRESIDENT direct 1997-12-01 2002-01-22
THRIVENT FINANCIAL FOR LUTHERANS CHIEF COMPLIANCE OFFICER direct 2005-09-01 2005-08-11
THRIVENT FINANCIAL FOR LUTHERANS CHIEF COMPLIANCE OFFICER direct 2004-09-01 2006-07-06
THRIVENT INVESTMENT MANAGEMENT INC. VICE PRESIDENT direct 2006-07-01 2008-11-07
THRIVENT ASSET MANAGEMENT LLC CHIEF COMPLIANCE OFFICER/VICE PRESIDENT direct 2005-11-01 2009-03-30
THRIVENT FINANCIAL FOR LUTHERANS CHIEF COMPLIANCE OFFICER direct 2008-11-01 2009-03-31
MARPLE, DAVID, ARTHUR GENERAL COUNSEL AND LIMITED PARTNER 04/01/2008 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE PARTNERS, L.P. CHIEF COMPLIANCE OFFICER direct 2008-07-01
VARDE MANAGEMENT INTERNATIONAL, L.P. CHIEF LEGAL OFFICER direct 2008-04-01
VARDE MANAGEMENT INTERNATIONAL, L.P. CHIEF COMPLIANCE OFFICER direct 2008-07-01
VARDE MANAGEMENT, L.P. GENERAL COUNSEL direct 2008-04-01
VARDE MANAGEMENT, L.P. GENERAL COUNSEL AND LIMITED PARTNER direct 2008-04-01
VARDE MANAGEMENT, L.P. CHIEF COMPLIANCE OFFICER direct 2008-07-01
CARSTAIRS, ILFRYN, CHEYNEY LIMITED PARTNER 01/01/2011 Direct 10 - 25%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER direct 2011-01-01
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2011-01-01
HAROON, ALI, MOHAMMAD RETIRED LIMITED PARTNER 01/01/2012 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER direct 2012-01-01
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2012-01-01
BAUER, BRADLEY, PHILIP LIMITED PARTNER 01/01/2013 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2013-01-01
ALBEE, BRENDAN, DERMOTT CHIEF OPERATING OFFICER 11/01/2014 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT, L.P. CHIEF OPERATING OFFICER direct 2014-11-01
NAGLIERI, GIUSEPPE LIMITED PARTNER 01/01/2016 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2016-01-01
Mooney, Tim LIMITED PARTNER 01/01/2016 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2016-01-01
SCHMIDT, BRIAN, CHARLES LIMITED PARTNER 01/01/2017 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2017-01-01
FOX, JONATHAN, ANDREW LIMITED PARTNER 01/01/2017 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2017-01-01
HARTMAN, SCOTT, THOMAS LIMITED PARTNER 01/01/2018 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2018-01-01
MILONE, FRANCISCO LIMITED PARTNER 01/01/2018 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2018-01-01
LIESKOVSKA, ELENA LIMITED PARTNER 01/01/2019 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2019-01-01
MALIK, HASEEB, KAMAL LIMITED PARTNER 01/01/2019 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2019-01-01
VÄRDE HUS, L.P. LIMITED PARTNER 01/01/2018 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2018-01-01
MCMILLAN, GREGORY, SCOTT RETIRED PRINCIPAL VÄRDE MANAGEMENT, INC. 07/01/2008 Indirect 25 - 50%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT, L.P. RETIRED LIMITED PARTNER direct 2008-07-01
VARDE MANAGEMENT, L.P. RETIRED PRINCIPAL indirect 2008-07-01
VARDE MANAGEMENT INTERNATIONAL, L.P. RETIRED LIMITED PARTNER direct 2008-07-01
VARDE MANAGEMENT INTERNATIONAL, L.P. RETIRED PRINCIPAL indirect 2008-07-01
VARDE PARTNERS, L.P. RETIRED PRINCIPAL indirect 2008-07-01
VARDE PARTNERS, L.P. RETIRED LIMITED PARTNER direct 2008-07-01
VARDE PARTNERS LP VICE PRESIDENT direct 1994-05-01 2001-03-02
VARDE MANAGEMENT INTERNATIONAL, INC. SHAREHOLDER direct 1994-01-01 2006-03-10
VARDE PARTNERS LP VICE PRESIDENT indirect 1994-02-01 2006-03-10
VARDE PARTNERS LP LIMITED PARTNER direct 1994-05-01 2006-03-10
VARDE PARTNERS LP LIMITED PARTNER / CHIEF COMPLIANCE OFFICER direct 1994-05-01 2008-03-31
VARDE MANAGEMENT INTERNATIONAL, L.P. SHAREHOLDER/VICE PRESIDENT indirect 1994-05-01 2008-03-31
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER/CHIEF COMPLIANCE OFFICER direct 1994-05-01 2008-03-31
VARDE PARTNERS, L.P. MANAGING PARTNER indirect 2004-04-01 2008-03-31
VARDE PARTNERS, L.P. RETIRED PRINCIPAL indirect 2004-04-01 2008-11-17
VARDE MANAGEMENT INTERNATIONAL, L.P. RETIRED PARTNER direct 2008-07-01 2009-01-02
VARDE PARTNERS, L.P. RETIRED LIMITED PARTNER direct 1994-05-01 2010-01-07
VARDE MANAGEMENT INTERNATIONAL, L.P. RETIRED LIMITED PARTNER direct 2006-03-01 2010-01-07
VARDE MANAGEMENT, L.P. RETIRED LIMITED PARTNER direct 2006-03-01 2010-01-07
VARDE MANAGEMENT, L.P. RETIRED PRINCIPAL indirect 2008-07-01 2010-03-31
HICKS, GEORGE, G PRINCIPAL VÄRDE MANAGEMENT, INC. 04/01/1994 Indirect 25 - 50%
Fund Name Position direct/indirect start date end date
VARDE PARTNERS, L.P. PRINCIPAL indirect 1993-12-01
VARDE MANAGEMENT, L.P. PRINCIPAL indirect 1994-04-01
VARDE PARTNERS, L.P. LIMITED PARTNER direct 1994-05-01
VARDE MANAGEMENT INTERNATIONAL, L.P. PRINCIPAL indirect 1996-12-01
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER direct 2006-03-01
VARDE MANAGEMENT, L.P. CHIEF EXECUTIVE OFFICER direct 2006-03-01
VARDE PARTNERS LP VICE PRESIDENT direct 1994-05-01 2001-03-02
VARDE PARTNERS LP VICE PRESIDENT indirect 1994-02-01 2006-03-10
VARDE MANAGEMENT INTERNATIONAL, INC. SHAREHOLDER direct 1994-05-01 2006-03-10
VARDE MANAGEMENT INTERNATIONAL, L.P. SHAREHOLDER/VICE PRESIDENT indirect 1994-05-01 2008-03-31
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER direct 1994-05-01 2008-03-31
VARDE PARTNERS, L.P. MANAGING PARTNER indirect 2004-04-01 2008-03-31
VARDE PARTNERS, L.P. PRINCIPAL indirect 2004-04-01 2010-01-07
VARDE MANAGEMENT, L.P. PRINCIPAL indirect 1994-04-01 2010-03-31
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2006-03-01 2015-12-04
PAGE, MARCIA, LYNN PRINCIPAL VÄRDE MANAGEMENT, INC. 04/01/1994 Indirect 25 - 50%
Fund Name Position direct/indirect start date end date
VARDE PARTNERS, L.P. PRINCIPAL indirect 1994-01-01
VARDE MANAGEMENT, L.P. PRINCIPAL indirect 1994-04-01
VARDE PARTNERS, L.P. LIMITED PARTNER direct 1994-05-01
VARDE MANAGEMENT INTERNATIONAL, L.P. PRINCIPAL indirect 1996-12-01
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2006-03-01
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER direct 2006-03-01
VARDE PARTNERS LP VICE PRESIDENT direct 1994-05-01 2001-03-02
VARDE PARTNERS LP VICE PRESIDENT indirect 1994-02-01 2006-03-10
VARDE MANAGEMENT INTERNATIONAL, INC. SHAREHOLDER direct 1994-05-01 2006-03-10
VARDE MANAGEMENT INTERNATIONAL, L.P. SHAREHOLDER/VICE PRESIDENT indirect 1994-05-01 2008-03-31
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER direct 1994-05-01 2008-03-31
VARDE PARTNERS, L.P. MANAGING PARTNER indirect 2004-04-01 2008-03-31
VARDE PARTNERS, L.P. PRINCIPAL indirect 2004-04-01 2010-01-07
VARDE MANAGEMENT, L.P. PRINCIPAL indirect 1994-04-01 2010-03-31

Private Funds

Name Country Fund Identification Number Fund Type Gross Asset Value Minimum Investment Other
THE VÄRDE FUND XIII, L.P. Cayman Islands 805-4504376619 Hedge Fund 1,281,076,596 10,000,000 Master Fund
THE VÄRDE PRIVATE DEBT OPPORTUNITIES FUND (ONSHORE), L.P. United States 805-1218218093 Hedge Fund 316,358,532 10,000,000
THE VÄRDE SPECIALTY FINANCE PARALLEL FUND, L.P Cayman Islands 805-5651071090 Hedge Fund 0 1
THE VÄRDE SPECIALTY FINANCE FUND, L.P Cayman Islands 805-9111284878 Hedge Fund 136,968,185 10,000,000
VLO 2017-A, L.P. Cayman Islands 805-6320860297 Hedge Fund 60,200,668 1
THE VÄRDE MORTGAGE FUND II (MASTER), L.P. United States 805-7614156456 Hedge Fund 950,242,769 10,000,000 Master Fund
THE VÄRDE SKYWAY MASTER FUND, L.P. Cayman Islands 805-8677684869 Hedge Fund 1,629,534,465 100,000 Master Fund
THE VÄRDE SCRATCH AND DENT MASTER, L.P. United States 805-3528229322 Hedge Fund 259,666,161 10,000,000 Master Fund
THE PRIVATVÄRDE FUND, L.P. United States 805-8932915903 Hedge Fund 149,171 5,000,000
VÄRDE INVESTMENT PARTNERS (OFFSHORE) MASTER, L.P. Cayman Islands 805-2215946042 Hedge Fund 1,667,236,181 5,000,000 Master Fund
VARDE CO-INVESTMENT 2016A, L.P. Cayman Islands 805-5563630396 Hedge Fund 54,271,291 1
THE VÄRDE SCRATCH AND DENT MASTER I-A, L.P. United States 805-8623192211 Hedge Fund 138,795,110 10,000,000 Master Fund
THE VÄRDE FUND VII-A, L.P. United States 805-1105370257 Hedge Fund 135,441 5,000,000
THE VÄRDE ASIA CREDIT FUND MASTER, L.P. Cayman Islands 805-1302894624 Hedge Fund 451,096,901 5,000,000 Master Fund
VÄRDE CREDIT PARTNERS MASTER, L.P. Cayman Islands 805-1707937384 Hedge Fund 1,953,005,705 250,000 Master Fund
THE VÄRDE FUND XI (MASTER), L.P. United States 805-6899300790 Hedge Fund 2,355,578,985 10,000,000 Master Fund
VÄRDE INVESTMENT PARTNERS, L.P. United States 805-9919439251 Hedge Fund 2,293,754,537 5,000,000
THE VÄRDE FUND VI-A, L.P. United States 805-7425926059 Hedge Fund 666,630,598 1,000,000
THE VÄRDE FUND, L.P. United States 805-4779129578 Hedge Fund 956,861 2,000,000
THE VÄRDE FUND VII-B, L.P. United States 805-7940063478 Hedge Fund 553,407 5,000,000
THE VÄRDE EUROPE MASTER FUND, L.P. Cayman Islands 805-8679557347 Hedge Fund 660,453,514 10,000,000 Master Fund
THE VÄRDE FUND VIII, L.P. United States 805-3153905636 Hedge Fund 6,027,638 5,000,000
THE VÄRDE FUND IX, L.P. United States 805-4455690749 Hedge Fund 26,714,611 5,000,000
THE VÄRDE FUND IX-A, L.P. United States 805-1656867508 Hedge Fund 4,025,505 5,000,000
THE VÄRDE FUND V-B, L.P. United States 805-9454407150 Hedge Fund 799,674 3,000,000
VÄRDE CO-INVESTMENT 2017A, L.P. Cayman Islands 805-8227098478 Hedge Fund 10,966,139 1
VÄRDE CO-INVESTMENT 2015A, L.P. Cayman Islands 805-4584003231 Hedge Fund 283,108,589 1
THE VÄRDE FUND X (MASTER), L.P. United States 805-4720296987 Hedge Fund 938,761,037 10,000,000 Master Fund
THE VARDE SKYWAY OPPORTUNITY FUND, L.P. United States 805-8874991842 Hedge Fund 224,886,265 1
VÄRDE CO-INVESTMENT 2017A PARALLEL, L.P. Cayman Islands 805-5111112831 Hedge Fund 56,222,607 1
THE VÄRDE EUROPEAN REAL ESTATE FUND, L.P. United States 805-9118796991 Hedge Fund 175,429,500 10,000,000 Master Fund
THE VÄRDE FUND VII, L.P. United States 805-8118978633 Hedge Fund 289,982 5,000,000
THE VÄRDE FUND XII (MASTER) L.P. United States 805-7299224848 Hedge Fund 2,376,178,155 10,000,000 Master Fund

VARDE MANAGEMENT, L.P.

ownership team - last updated 2018-11-14
Name Title Start Date Direct/Indirect % Ownership
HICKS, GEORGE, G CHIEF EXECUTIVE OFFICER 03/01/2006 Direct 10 - 25%
Fund Name Position direct/indirect start date end date
VARDE PARTNERS, L.P. PRINCIPAL indirect 1993-12-01
VARDE MANAGEMENT, L.P. PRINCIPAL indirect 1994-04-01
VARDE PARTNERS, L.P. LIMITED PARTNER direct 1994-05-01
VARDE MANAGEMENT INTERNATIONAL, L.P. PRINCIPAL indirect 1996-12-01
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER direct 2006-03-01
VARDE MANAGEMENT, L.P. CHIEF EXECUTIVE OFFICER direct 2006-03-01
VARDE PARTNERS LP VICE PRESIDENT direct 1994-05-01 2001-03-02
VARDE PARTNERS LP VICE PRESIDENT indirect 1994-02-01 2006-03-10
VARDE MANAGEMENT INTERNATIONAL, INC. SHAREHOLDER direct 1994-05-01 2006-03-10
VARDE MANAGEMENT INTERNATIONAL, L.P. SHAREHOLDER/VICE PRESIDENT indirect 1994-05-01 2008-03-31
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER direct 1994-05-01 2008-03-31
VARDE PARTNERS, L.P. MANAGING PARTNER indirect 2004-04-01 2008-03-31
VARDE PARTNERS, L.P. PRINCIPAL indirect 2004-04-01 2010-01-07
VARDE MANAGEMENT, L.P. PRINCIPAL indirect 1994-04-01 2010-03-31
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2006-03-01 2015-12-04
PAGE, MARCIA, LYNN LIMITED PARTNER 03/01/2006 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
VARDE PARTNERS, L.P. PRINCIPAL indirect 1994-01-01
VARDE MANAGEMENT, L.P. PRINCIPAL indirect 1994-04-01
VARDE PARTNERS, L.P. LIMITED PARTNER direct 1994-05-01
VARDE MANAGEMENT INTERNATIONAL, L.P. PRINCIPAL indirect 1996-12-01
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2006-03-01
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER direct 2006-03-01
VARDE PARTNERS LP VICE PRESIDENT direct 1994-05-01 2001-03-02
VARDE PARTNERS LP VICE PRESIDENT indirect 1994-02-01 2006-03-10
VARDE MANAGEMENT INTERNATIONAL, INC. SHAREHOLDER direct 1994-05-01 2006-03-10
VARDE MANAGEMENT INTERNATIONAL, L.P. SHAREHOLDER/VICE PRESIDENT indirect 1994-05-01 2008-03-31
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER direct 1994-05-01 2008-03-31
VARDE PARTNERS, L.P. MANAGING PARTNER indirect 2004-04-01 2008-03-31
VARDE PARTNERS, L.P. PRINCIPAL indirect 2004-04-01 2010-01-07
VARDE MANAGEMENT, L.P. PRINCIPAL indirect 1994-04-01 2010-03-31
HEDBERG, JEREMY, DUDLEY LIMITED PARTNER 03/01/2006 Direct 10 - 25%
Fund Name Position direct/indirect start date end date
VARDE PARTNERS, L.P. LIMITED PARTNER direct 2003-02-01
VARDE MANAGEMENT INTERNATIONAL, INC. LIMITED PARTNER direct 2003-02-01
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER direct 2006-03-01
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2006-03-01
NOEL, RICKY, JOHN LIMITED PARTNER 03/01/2006 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
VARDE PARTNERS, L.P. LIMITED PARTNER direct 2006-01-01
VARDE MANAGEMENT INTERNATIONAL, INC. LIMITED PARTNER direct 2006-01-01
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER direct 2006-03-01
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2006-03-01
VÄRDE MANAGEMENT, INC. GENERAL PARTNER 03/01/2006 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT, L.P. GENERAL PARTNER direct 1994-05-01
VARDE MANAGEMENT, L.P. GENERAL PARTNER direct 2006-03-01
LENK, ANDREW, PAUL LIMITED PARTNER 01/01/2009 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE PARTNERS, L.P. LIMITED PARTNER direct 2009-01-01
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER direct 2009-01-01
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2009-01-01
MCMILLAN, GREGORY, SCOTT RETIRED LIMITED PARTNER 07/01/2008 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT, L.P. RETIRED LIMITED PARTNER direct 2008-07-01
VARDE MANAGEMENT, L.P. RETIRED PRINCIPAL indirect 2008-07-01
VARDE MANAGEMENT INTERNATIONAL, L.P. RETIRED LIMITED PARTNER direct 2008-07-01
VARDE MANAGEMENT INTERNATIONAL, L.P. RETIRED PRINCIPAL indirect 2008-07-01
VARDE PARTNERS, L.P. RETIRED PRINCIPAL indirect 2008-07-01
VARDE PARTNERS, L.P. RETIRED LIMITED PARTNER direct 2008-07-01
VARDE PARTNERS LP VICE PRESIDENT direct 1994-05-01 2001-03-02
VARDE MANAGEMENT INTERNATIONAL, INC. SHAREHOLDER direct 1994-01-01 2006-03-10
VARDE PARTNERS LP VICE PRESIDENT indirect 1994-02-01 2006-03-10
VARDE PARTNERS LP LIMITED PARTNER direct 1994-05-01 2006-03-10
VARDE PARTNERS LP LIMITED PARTNER / CHIEF COMPLIANCE OFFICER direct 1994-05-01 2008-03-31
VARDE MANAGEMENT INTERNATIONAL, L.P. SHAREHOLDER/VICE PRESIDENT indirect 1994-05-01 2008-03-31
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER/CHIEF COMPLIANCE OFFICER direct 1994-05-01 2008-03-31
VARDE PARTNERS, L.P. MANAGING PARTNER indirect 2004-04-01 2008-03-31
VARDE PARTNERS, L.P. RETIRED PRINCIPAL indirect 2004-04-01 2008-11-17
VARDE MANAGEMENT INTERNATIONAL, L.P. RETIRED PARTNER direct 2008-07-01 2009-01-02
VARDE PARTNERS, L.P. RETIRED LIMITED PARTNER direct 1994-05-01 2010-01-07
VARDE MANAGEMENT INTERNATIONAL, L.P. RETIRED LIMITED PARTNER direct 2006-03-01 2010-01-07
VARDE MANAGEMENT, L.P. RETIRED LIMITED PARTNER direct 2006-03-01 2010-01-07
VARDE MANAGEMENT, L.P. RETIRED PRINCIPAL indirect 2008-07-01 2010-03-31
KLOSTER, KATIE, SUE CHIEF COMPLIANCE OFFICER 03/01/2010 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT, L.P. CHIEF COMPLIANCE OFFICER direct 2010-03-01
VARDE MANAGEMENT INTERNATIONAL, L.P. CHIEF COMPLIANCE OFFICER direct 2010-03-01
VARDE PARTNERS, L.P. CHIEF COMPLIANCE OFFICER direct 2010-03-01
LUTHERAN BROTHERHOOD SECURITIES CORP. ASST VICE PRESIDENT direct 1997-12-01 2002-01-22
THRIVENT FINANCIAL FOR LUTHERANS CHIEF COMPLIANCE OFFICER direct 2005-09-01 2005-08-11
THRIVENT FINANCIAL FOR LUTHERANS CHIEF COMPLIANCE OFFICER direct 2004-09-01 2006-07-06
THRIVENT INVESTMENT MANAGEMENT INC. VICE PRESIDENT direct 2006-07-01 2008-11-07
THRIVENT ASSET MANAGEMENT LLC CHIEF COMPLIANCE OFFICER/VICE PRESIDENT direct 2005-11-01 2009-03-30
THRIVENT FINANCIAL FOR LUTHERANS CHIEF COMPLIANCE OFFICER direct 2008-11-01 2009-03-31
MARPLE, DAVID, ARTHUR GENERAL COUNSEL AND LIMITED PARTNER 04/01/2008 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE PARTNERS, L.P. CHIEF COMPLIANCE OFFICER direct 2008-07-01
VARDE MANAGEMENT INTERNATIONAL, L.P. CHIEF LEGAL OFFICER direct 2008-04-01
VARDE MANAGEMENT INTERNATIONAL, L.P. CHIEF COMPLIANCE OFFICER direct 2008-07-01
VARDE MANAGEMENT, L.P. GENERAL COUNSEL direct 2008-04-01
VARDE MANAGEMENT, L.P. GENERAL COUNSEL AND LIMITED PARTNER direct 2008-04-01
VARDE MANAGEMENT, L.P. CHIEF COMPLIANCE OFFICER direct 2008-07-01
CARSTAIRS, ILFRYN, CHEYNEY LIMITED PARTNER 01/01/2011 Direct 10 - 25%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER direct 2011-01-01
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2011-01-01
HAROON, ALI, MOHAMMAD LIMITED PARTNER 01/01/2012 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER direct 2012-01-01
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2012-01-01
BAUER, BRADLEY, PHILIP LIMITED PARTNER 01/01/2013 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2013-01-01
ALBEE, BRENDAN, DERMOTT CHIEF OPERATING OFFICER 11/01/2014 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT, L.P. CHIEF OPERATING OFFICER direct 2014-11-01
NAGLIERI, GIUSEPPE LIMITED PARTNER 01/01/2016 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2016-01-01
Mooney, Tim LIMITED PARTNER 01/01/2016 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2016-01-01
SCHMIDT, BRIAN, CHARLES LIMITED PARTNER 01/01/2017 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2017-01-01
FOX, JONATHAN, ANDREW LIMITED PARTNER 01/01/2017 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2017-01-01
HARTMAN, SCOTT, THOMAS LIMITED PARTNER 01/01/2018 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2018-01-01
MILONE, FRANCISCO LIMITED PARTNER 01/01/2018 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2018-01-01
MCMILLAN, GREGORY, SCOTT RETIRED PRINCIPAL VÄRDE MANAGEMENT, INC. 07/01/2008 Indirect 25 - 50%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT, L.P. RETIRED LIMITED PARTNER direct 2008-07-01
VARDE MANAGEMENT, L.P. RETIRED PRINCIPAL indirect 2008-07-01
VARDE MANAGEMENT INTERNATIONAL, L.P. RETIRED LIMITED PARTNER direct 2008-07-01
VARDE MANAGEMENT INTERNATIONAL, L.P. RETIRED PRINCIPAL indirect 2008-07-01
VARDE PARTNERS, L.P. RETIRED PRINCIPAL indirect 2008-07-01
VARDE PARTNERS, L.P. RETIRED LIMITED PARTNER direct 2008-07-01
VARDE PARTNERS LP VICE PRESIDENT direct 1994-05-01 2001-03-02
VARDE MANAGEMENT INTERNATIONAL, INC. SHAREHOLDER direct 1994-01-01 2006-03-10
VARDE PARTNERS LP VICE PRESIDENT indirect 1994-02-01 2006-03-10
VARDE PARTNERS LP LIMITED PARTNER direct 1994-05-01 2006-03-10
VARDE PARTNERS LP LIMITED PARTNER / CHIEF COMPLIANCE OFFICER direct 1994-05-01 2008-03-31
VARDE MANAGEMENT INTERNATIONAL, L.P. SHAREHOLDER/VICE PRESIDENT indirect 1994-05-01 2008-03-31
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER/CHIEF COMPLIANCE OFFICER direct 1994-05-01 2008-03-31
VARDE PARTNERS, L.P. MANAGING PARTNER indirect 2004-04-01 2008-03-31
VARDE PARTNERS, L.P. RETIRED PRINCIPAL indirect 2004-04-01 2008-11-17
VARDE MANAGEMENT INTERNATIONAL, L.P. RETIRED PARTNER direct 2008-07-01 2009-01-02
VARDE PARTNERS, L.P. RETIRED LIMITED PARTNER direct 1994-05-01 2010-01-07
VARDE MANAGEMENT INTERNATIONAL, L.P. RETIRED LIMITED PARTNER direct 2006-03-01 2010-01-07
VARDE MANAGEMENT, L.P. RETIRED LIMITED PARTNER direct 2006-03-01 2010-01-07
VARDE MANAGEMENT, L.P. RETIRED PRINCIPAL indirect 2008-07-01 2010-03-31
HICKS, GEORGE, G PRINCIPAL VÄRDE MANAGEMENT, INC. 04/01/1994 Indirect 25 - 50%
Fund Name Position direct/indirect start date end date
VARDE PARTNERS, L.P. PRINCIPAL indirect 1993-12-01
VARDE MANAGEMENT, L.P. PRINCIPAL indirect 1994-04-01
VARDE PARTNERS, L.P. LIMITED PARTNER direct 1994-05-01
VARDE MANAGEMENT INTERNATIONAL, L.P. PRINCIPAL indirect 1996-12-01
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER direct 2006-03-01
VARDE MANAGEMENT, L.P. CHIEF EXECUTIVE OFFICER direct 2006-03-01
VARDE PARTNERS LP VICE PRESIDENT direct 1994-05-01 2001-03-02
VARDE PARTNERS LP VICE PRESIDENT indirect 1994-02-01 2006-03-10
VARDE MANAGEMENT INTERNATIONAL, INC. SHAREHOLDER direct 1994-05-01 2006-03-10
VARDE MANAGEMENT INTERNATIONAL, L.P. SHAREHOLDER/VICE PRESIDENT indirect 1994-05-01 2008-03-31
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER direct 1994-05-01 2008-03-31
VARDE PARTNERS, L.P. MANAGING PARTNER indirect 2004-04-01 2008-03-31
VARDE PARTNERS, L.P. PRINCIPAL indirect 2004-04-01 2010-01-07
VARDE MANAGEMENT, L.P. PRINCIPAL indirect 1994-04-01 2010-03-31
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2006-03-01 2015-12-04
PAGE, MARCIA, LYNN PRINCIPAL VÄRDE MANAGEMENT, INC. 04/01/1994 Indirect 25 - 50%
Fund Name Position direct/indirect start date end date
VARDE PARTNERS, L.P. PRINCIPAL indirect 1994-01-01
VARDE MANAGEMENT, L.P. PRINCIPAL indirect 1994-04-01
VARDE PARTNERS, L.P. LIMITED PARTNER direct 1994-05-01
VARDE MANAGEMENT INTERNATIONAL, L.P. PRINCIPAL indirect 1996-12-01
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2006-03-01
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER direct 2006-03-01
VARDE PARTNERS LP VICE PRESIDENT direct 1994-05-01 2001-03-02
VARDE PARTNERS LP VICE PRESIDENT indirect 1994-02-01 2006-03-10
VARDE MANAGEMENT INTERNATIONAL, INC. SHAREHOLDER direct 1994-05-01 2006-03-10
VARDE MANAGEMENT INTERNATIONAL, L.P. SHAREHOLDER/VICE PRESIDENT indirect 1994-05-01 2008-03-31
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER direct 1994-05-01 2008-03-31
VARDE PARTNERS, L.P. MANAGING PARTNER indirect 2004-04-01 2008-03-31
VARDE PARTNERS, L.P. PRINCIPAL indirect 2004-04-01 2010-01-07
VARDE MANAGEMENT, L.P. PRINCIPAL indirect 1994-04-01 2010-03-31
VARDE MANAGEMENT, L.P. PARENT COMPANY VÄRDE PARTNERS EUROPE LIMITED 01/01/2007 Indirect 75% or more
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT INTERNATIONAL, L.P. PARENT COMPANY indirect 2007-01-01
VARDE MANAGEMENT INTERNATIONAL, L.P. PARENT COMPANY indirect 2008-02-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2007-01-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2008-02-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2008-02-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2015-05-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2015-07-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2016-10-01
VARDE MANAGEMENT, L.P. PARENT COMPANY VARDE PARTNERS ASIA PTE. LTD. 02/01/2008 Indirect 75% or more
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT INTERNATIONAL, L.P. PARENT COMPANY indirect 2007-01-01
VARDE MANAGEMENT INTERNATIONAL, L.P. PARENT COMPANY indirect 2008-02-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2007-01-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2008-02-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2008-02-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2015-05-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2015-07-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2016-10-01
VARDE MANAGEMENT, L.P. PARENT COMPANY VÄRDE PARTNERS AUSTRALIA LLC 05/01/2015 Indirect 75% or more
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT INTERNATIONAL, L.P. PARENT COMPANY indirect 2007-01-01
VARDE MANAGEMENT INTERNATIONAL, L.P. PARENT COMPANY indirect 2008-02-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2007-01-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2008-02-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2008-02-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2015-05-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2015-07-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2016-10-01
VARDE MANAGEMENT, L.P. PARENT COMPANY VARDE PARTNERS JAPAN 07/01/2015 Indirect 75% or more
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT INTERNATIONAL, L.P. PARENT COMPANY indirect 2007-01-01
VARDE MANAGEMENT INTERNATIONAL, L.P. PARENT COMPANY indirect 2008-02-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2007-01-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2008-02-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2008-02-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2015-05-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2015-07-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2016-10-01
VARDE MANAGEMENT, L.P. PARENT COMPANY VARDE PARTNERS HONG KONG LIMITED 10/01/2016 Indirect 75% or more
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT INTERNATIONAL, L.P. PARENT COMPANY indirect 2007-01-01
VARDE MANAGEMENT INTERNATIONAL, L.P. PARENT COMPANY indirect 2008-02-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2007-01-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2008-02-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2008-02-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2015-05-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2015-07-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2016-10-01

Private Funds

Name Country Fund Identification Number Fund Type Gross Asset Value Minimum Investment Other
THE VÄRDE PRIVATE DEBT OPPORTUNITIES FUND (ONSHORE), L.P. United States 805-1218218093 Hedge Fund 13,437,966 10,000,000
THE VÄRDE SPECIALTY FINANCE PARALLEL FUND, L.P Cayman Islands 805-5651071090 Hedge Fund 0 1
THE VÄRDE SPECIALTY FINANCE FUND, L.P Cayman Islands 805-9111284878 Hedge Fund 0 1
VLO 2017-A, L.P. Cayman Islands 805-6320860297 Hedge Fund 93,327,175 1
THE VÄRDE MORTGAGE FUND II (MASTER), L.P. United States 805-7614156456 Hedge Fund 427,318,917 10,000,000 Master Fund
THE VÄRDE SKYWAY MASTER FUND, L.P. Cayman Islands 805-8677684869 Hedge Fund 1,149,018,334 100,000 Master Fund
THE VÄRDE SCRATCH AND DENT MASTER, L.P. United States 805-3528229322 Hedge Fund 405,315,620 10,000,000 Master Fund
THE PRIVATVÄRDE FUND, L.P. United States 805-8932915903 Hedge Fund 1,044,454 5,000,000
VÄRDE INVESTMENT PARTNERS (OFFSHORE) MASTER, L.P. Cayman Islands 805-2215946042 Hedge Fund 1,171,127,173 5,000,000 Master Fund
VARDE CO-INVESTMENT 2016A, L.P. Cayman Islands 805-5563630396 Hedge Fund 50,941,815 1
THE VÄRDE SCRATCH AND DENT MASTER I-A, L.P. United States 805-8623192211 Hedge Fund 175,341,510 10,000,000 Master Fund
THE VÄRDE FUND VII-A, L.P. United States 805-1105370257 Hedge Fund 392,780 5,000,000
THE VÄRDE ASIA CREDIT FUND MASTER, L.P. Cayman Islands 805-1302894624 Hedge Fund 0 5,000,000 Master Fund
THE VÄRDE FUND VI, L.P. United States 805-7492764526 Hedge Fund 109,631 3,000,000
VÄRDE CREDIT PARTNERS MASTER, L.P. Cayman Islands 805-1707937384 Hedge Fund 1,585,925,116 250,000 Master Fund
THE VÄRDE FUND XI (MASTER), L.P. United States 805-6899300790 Hedge Fund 2,367,290,191 10,000,000 Master Fund
VÄRDE INVESTMENT PARTNERS, L.P. United States 805-9919439251 Hedge Fund 2,016,023,794 5,000,000
THE VÄRDE FUND VI-A, L.P. United States 805-7425926059 Hedge Fund 551,566,643 1,000,000
THE VÄRDE FUND, L.P. United States 805-4779129578 Hedge Fund 2,857,140 2,000,000
THE VÄRDE FUND VII-B, L.P. United States 805-7940063478 Hedge Fund 1,426,070 5,000,000
THE VÄRDE EUROPE MASTER FUND, L.P. Cayman Islands 805-8679557347 Hedge Fund 557,984,875 10,000,000 Master Fund
THE VÄRDE FUND VIII, L.P. United States 805-3153905636 Hedge Fund 37,796,300 5,000,000
THE VÄRDE FUND IX, L.P. United States 805-4455690749 Hedge Fund 156,655,346 5,000,000
THE VÄRDE FUND IX-A, L.P. United States 805-1656867508 Hedge Fund 24,961,633 5,000,000
THE VÄRDE FUND V-B, L.P. United States 805-9454407150 Hedge Fund 2,737,829 3,000,000
VÄRDE CO-INVESTMENT 2017A, L.P. Cayman Islands 805-8227098478 Hedge Fund 10,881,055 1
VÄRDE CO-INVESTMENT 2015A, L.P. Cayman Islands 805-4584003231 Hedge Fund 209,492,283 1
THE VÄRDE FUND X (MASTER), L.P. United States 805-4720296987 Hedge Fund 1,327,268,285 10,000,000 Master Fund
THE VARDE SKYWAY OPPORTUNITY FUND, L.P. United States 805-8874991842 Hedge Fund 540,748,818 1
THE VÄRDE FUND XII (MASTER) L.P. United States 805-7299224848 Hedge Fund 2,122,592,208 10,000,000 Master Fund
VÄRDE CO-INVESTMENT 2017A PARALLEL, L.P. Cayman Islands 805-5111112831 Securitized Asset Fund 56,156,445 1
THE VÄRDE EUROPEAN REAL ESTATE FUND, L.P. United States 805-9118796991 Hedge Fund 98,282,633 10,000,000 Master Fund
THE VÄRDE FUND VII, L.P. United States 805-8118978633 Hedge Fund 1,409,018 5,000,000

VARDE MANAGEMENT, L.P.

ownership team - last updated 2018-06-14
Name Title Start Date Direct/Indirect % Ownership
HICKS, GEORGE, G CHIEF EXECUTIVE OFFICER 03/01/2006 Direct 10 - 25%
Fund Name Position direct/indirect start date end date
VARDE PARTNERS, L.P. PRINCIPAL indirect 1993-12-01
VARDE MANAGEMENT, L.P. PRINCIPAL indirect 1994-04-01
VARDE PARTNERS, L.P. LIMITED PARTNER direct 1994-05-01
VARDE MANAGEMENT INTERNATIONAL, L.P. PRINCIPAL indirect 1996-12-01
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER direct 2006-03-01
VARDE MANAGEMENT, L.P. CHIEF EXECUTIVE OFFICER direct 2006-03-01
VARDE PARTNERS LP VICE PRESIDENT direct 1994-05-01 2001-03-02
VARDE PARTNERS LP VICE PRESIDENT indirect 1994-02-01 2006-03-10
VARDE MANAGEMENT INTERNATIONAL, INC. SHAREHOLDER direct 1994-05-01 2006-03-10
VARDE MANAGEMENT INTERNATIONAL, L.P. SHAREHOLDER/VICE PRESIDENT indirect 1994-05-01 2008-03-31
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER direct 1994-05-01 2008-03-31
VARDE PARTNERS, L.P. MANAGING PARTNER indirect 2004-04-01 2008-03-31
VARDE PARTNERS, L.P. PRINCIPAL indirect 2004-04-01 2010-01-07
VARDE MANAGEMENT, L.P. PRINCIPAL indirect 1994-04-01 2010-03-31
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2006-03-01 2015-12-04
PAGE, MARCIA, LYNN LIMITED PARTNER 03/01/2006 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
VARDE PARTNERS, L.P. PRINCIPAL indirect 1994-01-01
VARDE MANAGEMENT, L.P. PRINCIPAL indirect 1994-04-01
VARDE PARTNERS, L.P. LIMITED PARTNER direct 1994-05-01
VARDE MANAGEMENT INTERNATIONAL, L.P. PRINCIPAL indirect 1996-12-01
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2006-03-01
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER direct 2006-03-01
VARDE PARTNERS LP VICE PRESIDENT direct 1994-05-01 2001-03-02
VARDE PARTNERS LP VICE PRESIDENT indirect 1994-02-01 2006-03-10
VARDE MANAGEMENT INTERNATIONAL, INC. SHAREHOLDER direct 1994-05-01 2006-03-10
VARDE MANAGEMENT INTERNATIONAL, L.P. SHAREHOLDER/VICE PRESIDENT indirect 1994-05-01 2008-03-31
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER direct 1994-05-01 2008-03-31
VARDE PARTNERS, L.P. MANAGING PARTNER indirect 2004-04-01 2008-03-31
VARDE PARTNERS, L.P. PRINCIPAL indirect 2004-04-01 2010-01-07
VARDE MANAGEMENT, L.P. PRINCIPAL indirect 1994-04-01 2010-03-31
HEDBERG, JEREMY, DUDLEY LIMITED PARTNER 03/01/2006 Direct 10 - 25%
Fund Name Position direct/indirect start date end date
VARDE PARTNERS, L.P. LIMITED PARTNER direct 2003-02-01
VARDE MANAGEMENT INTERNATIONAL, INC. LIMITED PARTNER direct 2003-02-01
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER direct 2006-03-01
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2006-03-01
NOEL, RICKY, JOHN LIMITED PARTNER 03/01/2006 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
VARDE PARTNERS, L.P. LIMITED PARTNER direct 2006-01-01
VARDE MANAGEMENT INTERNATIONAL, INC. LIMITED PARTNER direct 2006-01-01
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER direct 2006-03-01
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2006-03-01
VÄRDE MANAGEMENT, INC. GENERAL PARTNER 03/01/2006 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT, L.P. GENERAL PARTNER direct 1994-05-01
VARDE MANAGEMENT, L.P. GENERAL PARTNER direct 2006-03-01
LENK, ANDREW, PAUL LIMITED PARTNER 01/01/2009 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE PARTNERS, L.P. LIMITED PARTNER direct 2009-01-01
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER direct 2009-01-01
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2009-01-01
MCMILLAN, GREGORY, SCOTT RETIRED LIMITED PARTNER 07/01/2008 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT, L.P. RETIRED LIMITED PARTNER direct 2008-07-01
VARDE MANAGEMENT, L.P. RETIRED PRINCIPAL indirect 2008-07-01
VARDE MANAGEMENT INTERNATIONAL, L.P. RETIRED LIMITED PARTNER direct 2008-07-01
VARDE MANAGEMENT INTERNATIONAL, L.P. RETIRED PRINCIPAL indirect 2008-07-01
VARDE PARTNERS, L.P. RETIRED PRINCIPAL indirect 2008-07-01
VARDE PARTNERS, L.P. RETIRED LIMITED PARTNER direct 2008-07-01
VARDE PARTNERS LP VICE PRESIDENT direct 1994-05-01 2001-03-02
VARDE MANAGEMENT INTERNATIONAL, INC. SHAREHOLDER direct 1994-01-01 2006-03-10
VARDE PARTNERS LP VICE PRESIDENT indirect 1994-02-01 2006-03-10
VARDE PARTNERS LP LIMITED PARTNER direct 1994-05-01 2006-03-10
VARDE PARTNERS LP LIMITED PARTNER / CHIEF COMPLIANCE OFFICER direct 1994-05-01 2008-03-31
VARDE MANAGEMENT INTERNATIONAL, L.P. SHAREHOLDER/VICE PRESIDENT indirect 1994-05-01 2008-03-31
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER/CHIEF COMPLIANCE OFFICER direct 1994-05-01 2008-03-31
VARDE PARTNERS, L.P. MANAGING PARTNER indirect 2004-04-01 2008-03-31
VARDE PARTNERS, L.P. RETIRED PRINCIPAL indirect 2004-04-01 2008-11-17
VARDE MANAGEMENT INTERNATIONAL, L.P. RETIRED PARTNER direct 2008-07-01 2009-01-02
VARDE PARTNERS, L.P. RETIRED LIMITED PARTNER direct 1994-05-01 2010-01-07
VARDE MANAGEMENT INTERNATIONAL, L.P. RETIRED LIMITED PARTNER direct 2006-03-01 2010-01-07
VARDE MANAGEMENT, L.P. RETIRED LIMITED PARTNER direct 2006-03-01 2010-01-07
VARDE MANAGEMENT, L.P. RETIRED PRINCIPAL indirect 2008-07-01 2010-03-31
KLOSTER, KATIE, SUE CHIEF COMPLIANCE OFFICER 03/01/2010 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT, L.P. CHIEF COMPLIANCE OFFICER direct 2010-03-01
VARDE MANAGEMENT INTERNATIONAL, L.P. CHIEF COMPLIANCE OFFICER direct 2010-03-01
VARDE PARTNERS, L.P. CHIEF COMPLIANCE OFFICER direct 2010-03-01
LUTHERAN BROTHERHOOD SECURITIES CORP. ASST VICE PRESIDENT direct 1997-12-01 2002-01-22
THRIVENT FINANCIAL FOR LUTHERANS CHIEF COMPLIANCE OFFICER direct 2005-09-01 2005-08-11
THRIVENT FINANCIAL FOR LUTHERANS CHIEF COMPLIANCE OFFICER direct 2004-09-01 2006-07-06
THRIVENT INVESTMENT MANAGEMENT INC. VICE PRESIDENT direct 2006-07-01 2008-11-07
THRIVENT ASSET MANAGEMENT LLC CHIEF COMPLIANCE OFFICER/VICE PRESIDENT direct 2005-11-01 2009-03-30
THRIVENT FINANCIAL FOR LUTHERANS CHIEF COMPLIANCE OFFICER direct 2008-11-01 2009-03-31
MARPLE, DAVID, ARTHUR GENERAL COUNSEL AND LIMITED PARTNER 04/01/2008 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE PARTNERS, L.P. CHIEF COMPLIANCE OFFICER direct 2008-07-01
VARDE MANAGEMENT INTERNATIONAL, L.P. CHIEF LEGAL OFFICER direct 2008-04-01
VARDE MANAGEMENT INTERNATIONAL, L.P. CHIEF COMPLIANCE OFFICER direct 2008-07-01
VARDE MANAGEMENT, L.P. GENERAL COUNSEL direct 2008-04-01
VARDE MANAGEMENT, L.P. GENERAL COUNSEL AND LIMITED PARTNER direct 2008-04-01
VARDE MANAGEMENT, L.P. CHIEF COMPLIANCE OFFICER direct 2008-07-01
CARSTAIRS, ILFRYN, CHEYNEY LIMITED PARTNER 01/01/2011 Direct 10 - 25%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER direct 2011-01-01
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2011-01-01
HAROON, ALI, MOHAMMAD LIMITED PARTNER 01/01/2012 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER direct 2012-01-01
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2012-01-01
BAUER, BRADLEY, PHILIP LIMITED PARTNER 01/01/2013 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2013-01-01
ALBEE, BRENDAN, DERMOTT CHIEF OPERATING OFFICER 11/01/2014 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT, L.P. CHIEF OPERATING OFFICER direct 2014-11-01
NAGLIERI, GIUSEPPE LIMITED PARTNER 01/01/2016 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2016-01-01
Mooney, Tim LIMITED PARTNER 01/01/2016 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2016-01-01
SCHMIDT, BRIAN, CHARLES LIMITED PARTNER 01/01/2017 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2017-01-01
FOX, JONATHAN, ANDREW LIMITED PARTNER 01/01/2017 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2017-01-01
HARTMAN, SCOTT, THOMAS LIMITED PARTNER 01/01/2018 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2018-01-01
MILONE, FRANCISCO LIMITED PARTNER 01/01/2018 Direct less than 5%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2018-01-01
MCMILLAN, GREGORY, SCOTT RETIRED PRINCIPAL VÄRDE MANAGEMENT, INC. 07/01/2008 Indirect 25 - 50%
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT, L.P. RETIRED LIMITED PARTNER direct 2008-07-01
VARDE MANAGEMENT, L.P. RETIRED PRINCIPAL indirect 2008-07-01
VARDE MANAGEMENT INTERNATIONAL, L.P. RETIRED LIMITED PARTNER direct 2008-07-01
VARDE MANAGEMENT INTERNATIONAL, L.P. RETIRED PRINCIPAL indirect 2008-07-01
VARDE PARTNERS, L.P. RETIRED PRINCIPAL indirect 2008-07-01
VARDE PARTNERS, L.P. RETIRED LIMITED PARTNER direct 2008-07-01
VARDE PARTNERS LP VICE PRESIDENT direct 1994-05-01 2001-03-02
VARDE MANAGEMENT INTERNATIONAL, INC. SHAREHOLDER direct 1994-01-01 2006-03-10
VARDE PARTNERS LP VICE PRESIDENT indirect 1994-02-01 2006-03-10
VARDE PARTNERS LP LIMITED PARTNER direct 1994-05-01 2006-03-10
VARDE PARTNERS LP LIMITED PARTNER / CHIEF COMPLIANCE OFFICER direct 1994-05-01 2008-03-31
VARDE MANAGEMENT INTERNATIONAL, L.P. SHAREHOLDER/VICE PRESIDENT indirect 1994-05-01 2008-03-31
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER/CHIEF COMPLIANCE OFFICER direct 1994-05-01 2008-03-31
VARDE PARTNERS, L.P. MANAGING PARTNER indirect 2004-04-01 2008-03-31
VARDE PARTNERS, L.P. RETIRED PRINCIPAL indirect 2004-04-01 2008-11-17
VARDE MANAGEMENT INTERNATIONAL, L.P. RETIRED PARTNER direct 2008-07-01 2009-01-02
VARDE PARTNERS, L.P. RETIRED LIMITED PARTNER direct 1994-05-01 2010-01-07
VARDE MANAGEMENT INTERNATIONAL, L.P. RETIRED LIMITED PARTNER direct 2006-03-01 2010-01-07
VARDE MANAGEMENT, L.P. RETIRED LIMITED PARTNER direct 2006-03-01 2010-01-07
VARDE MANAGEMENT, L.P. RETIRED PRINCIPAL indirect 2008-07-01 2010-03-31
HICKS, GEORGE, G PRINCIPAL VÄRDE MANAGEMENT, INC. 04/01/1994 Indirect 25 - 50%
Fund Name Position direct/indirect start date end date
VARDE PARTNERS, L.P. PRINCIPAL indirect 1993-12-01
VARDE MANAGEMENT, L.P. PRINCIPAL indirect 1994-04-01
VARDE PARTNERS, L.P. LIMITED PARTNER direct 1994-05-01
VARDE MANAGEMENT INTERNATIONAL, L.P. PRINCIPAL indirect 1996-12-01
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER direct 2006-03-01
VARDE MANAGEMENT, L.P. CHIEF EXECUTIVE OFFICER direct 2006-03-01
VARDE PARTNERS LP VICE PRESIDENT direct 1994-05-01 2001-03-02
VARDE PARTNERS LP VICE PRESIDENT indirect 1994-02-01 2006-03-10
VARDE MANAGEMENT INTERNATIONAL, INC. SHAREHOLDER direct 1994-05-01 2006-03-10
VARDE MANAGEMENT INTERNATIONAL, L.P. SHAREHOLDER/VICE PRESIDENT indirect 1994-05-01 2008-03-31
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER direct 1994-05-01 2008-03-31
VARDE PARTNERS, L.P. MANAGING PARTNER indirect 2004-04-01 2008-03-31
VARDE PARTNERS, L.P. PRINCIPAL indirect 2004-04-01 2010-01-07
VARDE MANAGEMENT, L.P. PRINCIPAL indirect 1994-04-01 2010-03-31
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2006-03-01 2015-12-04
PAGE, MARCIA, LYNN PRINCIPAL VÄRDE MANAGEMENT, INC. 04/01/1994 Indirect 25 - 50%
Fund Name Position direct/indirect start date end date
VARDE PARTNERS, L.P. PRINCIPAL indirect 1994-01-01
VARDE MANAGEMENT, L.P. PRINCIPAL indirect 1994-04-01
VARDE PARTNERS, L.P. LIMITED PARTNER direct 1994-05-01
VARDE MANAGEMENT INTERNATIONAL, L.P. PRINCIPAL indirect 1996-12-01
VARDE MANAGEMENT, L.P. LIMITED PARTNER direct 2006-03-01
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER direct 2006-03-01
VARDE PARTNERS LP VICE PRESIDENT direct 1994-05-01 2001-03-02
VARDE PARTNERS LP VICE PRESIDENT indirect 1994-02-01 2006-03-10
VARDE MANAGEMENT INTERNATIONAL, INC. SHAREHOLDER direct 1994-05-01 2006-03-10
VARDE MANAGEMENT INTERNATIONAL, L.P. SHAREHOLDER/VICE PRESIDENT indirect 1994-05-01 2008-03-31
VARDE MANAGEMENT INTERNATIONAL, L.P. LIMITED PARTNER direct 1994-05-01 2008-03-31
VARDE PARTNERS, L.P. MANAGING PARTNER indirect 2004-04-01 2008-03-31
VARDE PARTNERS, L.P. PRINCIPAL indirect 2004-04-01 2010-01-07
VARDE MANAGEMENT, L.P. PRINCIPAL indirect 1994-04-01 2010-03-31
VARDE MANAGEMENT, L.P. PARENT COMPANY VÄRDE PARTNERS EUROPE LIMITED 01/01/2007 Indirect 75% or more
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT INTERNATIONAL, L.P. PARENT COMPANY indirect 2007-01-01
VARDE MANAGEMENT INTERNATIONAL, L.P. PARENT COMPANY indirect 2008-02-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2007-01-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2008-02-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2008-02-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2015-05-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2015-07-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2016-10-01
VARDE MANAGEMENT, L.P. PARENT COMPANY VARDE PARTNERS ASIA PTE. LTD. 02/01/2008 Indirect 75% or more
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT INTERNATIONAL, L.P. PARENT COMPANY indirect 2007-01-01
VARDE MANAGEMENT INTERNATIONAL, L.P. PARENT COMPANY indirect 2008-02-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2007-01-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2008-02-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2008-02-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2015-05-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2015-07-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2016-10-01
VARDE MANAGEMENT, L.P. PARENT COMPANY VÄRDE PARTNERS AUSTRALIA LLC 05/01/2015 Indirect 75% or more
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT INTERNATIONAL, L.P. PARENT COMPANY indirect 2007-01-01
VARDE MANAGEMENT INTERNATIONAL, L.P. PARENT COMPANY indirect 2008-02-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2007-01-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2008-02-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2008-02-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2015-05-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2015-07-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2016-10-01
VARDE MANAGEMENT, L.P. PARENT COMPANY VARDE PARTNERS JAPAN 07/01/2015 Indirect 75% or more
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT INTERNATIONAL, L.P. PARENT COMPANY indirect 2007-01-01
VARDE MANAGEMENT INTERNATIONAL, L.P. PARENT COMPANY indirect 2008-02-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2007-01-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2008-02-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2008-02-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2015-05-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2015-07-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2016-10-01
VARDE MANAGEMENT, L.P. PARENT COMPANY VARDE PARTNERS HONG KONG LIMITED 10/01/2016 Indirect 75% or more
Fund Name Position direct/indirect start date end date
VARDE MANAGEMENT INTERNATIONAL, L.P. PARENT COMPANY indirect 2007-01-01
VARDE MANAGEMENT INTERNATIONAL, L.P. PARENT COMPANY indirect 2008-02-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2007-01-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2008-02-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2008-02-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2015-05-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2015-07-01
VARDE MANAGEMENT, L.P. PARENT COMPANY indirect 2016-10-01

Private Funds

Name Country Fund Identification Number Fund Type Gross Asset Value Minimum Investment Other
THE VÄRDE SPECIALTY FINANCE PARALLEL FUND, L.P Cayman Islands 805-5651071090 Hedge Fund 0 1
THE VÄRDE SPECIALTY FINANCE FUND, L.P Cayman Islands 805-9111284878 Hedge Fund 0 1
VLO 2017-A, L.P. Cayman Islands 805-6320860297 Hedge Fund 93,327,175 1
THE VÄRDE MORTGAGE FUND II (MASTER), L.P. United States 805-7614156456 Hedge Fund 427,318,917 10,000,000 Master Fund
THE VÄRDE SKYWAY MASTER FUND, L.P. Cayman Islands 805-8677684869 Hedge Fund 1,149,018,334 100,000 Master Fund
THE VÄRDE SCRATCH AND DENT MASTER, L.P. United States 805-3528229322 Hedge Fund 405,315,620 10,000,000 Master Fund
THE PRIVATVÄRDE FUND, L.P. United States 805-8932915903 Hedge Fund 1,044,454 5,000,000
VÄRDE INVESTMENT PARTNERS (OFFSHORE) MASTER, L.P. Cayman Islands 805-2215946042 Hedge Fund 1,171,127,173 5,000,000 Master Fund
VARDE CO-INVESTMENT 2016A, L.P. Cayman Islands 805-5563630396 Hedge Fund 50,941,815 1
THE VÄRDE SCRATCH AND DENT MASTER I-A, L.P. United States 805-8623192211 Hedge Fund 175,341,510 10,000,000 Master Fund
THE VÄRDE FUND VII-A, L.P. United States 805-1105370257 Hedge Fund 392,780 5,000,000
THE VÄRDE ASIA CREDIT FUND MASTER, L.P. Cayman Islands 805-1302894624 Hedge Fund 0 5,000,000 Master Fund
THE VÄRDE FUND VI, L.P. United States 805-7492764526 Hedge Fund 109,631 3,000,000
VÄRDE CREDIT PARTNERS MASTER, L.P. Cayman Islands 805-1707937384 Hedge Fund 1,585,925,116 250,000 Master Fund
THE VÄRDE FUND XI (MASTER), L.P. United States 805-6899300790 Hedge Fund 2,367,290,191 10,000,000 Master Fund
VÄRDE INVESTMENT PARTNERS, L.P. United States 805-9919439251 Hedge Fund 2,016,023,794 5,000,000
THE VÄRDE FUND VI-A, L.P. United States 805-7425926059 Hedge Fund 551,566,643 1,000,000
THE VÄRDE FUND, L.P. United States 805-4779129578 Hedge Fund 2,857,140 2,000,000
THE VÄRDE FUND VII-B, L.P. United States 805-7940063478 Hedge Fund 1,426,070 5,000,000
THE VÄRDE EUROPE MASTER FUND, L.P. Cayman Islands 805-8679557347 Hedge Fund 557,984,875 10,000,000 Master Fund
THE VÄRDE FUND VIII, L.P. United States 805-3153905636 Hedge Fund 37,796,300 5,000,000
THE VÄRDE FUND IX, L.P. United States 805-4455690749 Hedge Fund 156,655,346 5,000,000
THE VÄRDE FUND IX-A, L.P. United States 805-1656867508 Hedge Fund 24,961,633 5,000,000
THE VÄRDE FUND V-B, L.P. United States 805-9454407150 Hedge Fund 2,737,829 3,000,000
VÄRDE CO-INVESTMENT 2017A, L.P. Cayman Islands 805-8227098478 Hedge Fund 10,881,055 1
VÄRDE CO-INVESTMENT 2015A, L.P. Cayman Islands 805-4584003231 Hedge Fund 209,492,283 1
THE VÄRDE FUND X (MASTER), L.P. United States 805-4720296987 Hedge Fund 1,327,268,285 10,000,000 Master Fund
THE VARDE SKYWAY OPPORTUNITY FUND, L.P. United States 805-8874991842 Hedge Fund 540,748,818 1
THE VÄRDE FUND XII (MASTER) L.P. United States 805-7299224848 Hedge Fund 2,122,592,208 10,000,000 Master Fund
VÄRDE CO-INVESTMENT 2017A PARALLEL, L.P. Cayman Islands 805-5111112831 Securitized Asset Fund 56,156,445 1
THE VÄRDE EUROPEAN REAL ESTATE FUND, L.P. United States 805-9118796991 Hedge Fund 98,282,633 10,000,000 Master Fund
THE VÄRDE FUND VII, L.P. United States 805-8118978633 Hedge Fund 1,409,018 5,000,000

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