Capital Flow Monitor · Sponsors · CIK 2030123

Varde Fraser Fund, L.P.

C/O VARDE MANAGEMENT, INC., MINNEAPOLIS, MN, 55401 · 952-893-1554

Pooled Investment Fund / Other Investment Fund · Limited Partnership· inc. CAYMAN ISLANDS true 2023

Fit score

—

Offering

—

Sold

$850.0M

% sold

—

Investors

Min investment

Exemption

506(b)

Filing history

Filed	Form	Rule	Offering	Sold	% sold	Investors
2025-12-10	D/A ·current	506(b)	—	$850.0M	—	1	EDGAR ↗

Related persons

Executive officers, directors and promoters, as filed. Other raises are matched by exact name and show amount sold as last reported.

N/A Varde Fraser Fund GP, LLC — Promoter, Minneapolis, MN
N/A Varde Management, L.P. — Promoter, Minneapolis, MN
N/A Varde Management, Inc. — Promoter, Minneapolis, MN
Bradley P. Bauer — Executive Officer, Minneapolis, MN
8 other raises
- Varde CRE Lending Fund (Offshore), L.P. $1.5M of —
- Varde Liquid Credit Fund, L.P. $11.8M of —
- Varde Asset Lending Fund, L.P. $0 of —
- Varde Asset Lending Fund (Offshore), L.P. $150.0M of —
- Varde Liquid Credit Fund (Offshore), L.P. $25.9M of —
- VMC CRE Master Lending Sub REIT LLC $122K of $125K · 97.6%
- Varde CRE Lending Fund, L.P. $162.3M of —
- Varde Credit Partners, L.P. $486.6M of —
Missy Dolski — Executive Officer, Minneapolis, MN
4 other raises
- Varde Asset Lending Fund, L.P. $0 of —
- Varde Asset Lending Fund (Offshore), L.P. $150.0M of —
- VMC CRE Master Lending Sub REIT LLC $122K of $125K · 97.6%
- Varde CRE Lending Fund, L.P. $162.3M of —
George G. Hicks — Executive Officer, Minneapolis, MN
10 other raises
- Varde CRE Lending Fund (Offshore), L.P. $1.5M of —
- Varde Liquid Credit Fund, L.P. $11.8M of —
- Varde Asia Credit Fund III (Offshore), L.P. $0 of —
- Varde Asia Credit Fund III, L.P. $0 of —
- Varde Asset Lending Fund, L.P. $0 of —
- Varde Asset Lending Fund (Offshore), L.P. $150.0M of —
- Varde Liquid Credit Fund (Offshore), L.P. $25.9M of —
- VMC CRE Master Lending Sub REIT LLC $122K of $125K · 97.6%
- Varde CRE Lending Fund, L.P. $162.3M of —
- Varde Credit Partners, L.P. $486.6M of —
Marcia L. Page — Executive Officer, Minneapolis, MN
10 other raises
- Varde CRE Lending Fund (Offshore), L.P. $1.5M of —
- Varde Liquid Credit Fund, L.P. $11.8M of —
- Varde Asia Credit Fund III (Offshore), L.P. $0 of —
- Varde Asia Credit Fund III, L.P. $0 of —
- Varde Asset Lending Fund, L.P. $0 of —
- Varde Asset Lending Fund (Offshore), L.P. $150.0M of —
- Varde Liquid Credit Fund (Offshore), L.P. $25.9M of —
- VMC CRE Master Lending Sub REIT LLC $122K of $125K · 97.6%
- Varde CRE Lending Fund, L.P. $162.3M of —
- Varde Credit Partners, L.P. $486.6M of —
James E. Dunbar — Executive Officer, Minneapolis, MN
10 other raises
- Varde CRE Lending Fund (Offshore), L.P. $1.5M of —
- Varde Liquid Credit Fund, L.P. $11.8M of —
- Varde Asia Credit Fund III (Offshore), L.P. $0 of —
- Varde Asia Credit Fund III, L.P. $0 of —
- Varde Asset Lending Fund, L.P. $0 of —
- Varde Asset Lending Fund (Offshore), L.P. $150.0M of —
- Varde Liquid Credit Fund (Offshore), L.P. $25.9M of —
- VMC CRE Master Lending Sub REIT LLC $122K of $125K · 97.6%
- Varde CRE Lending Fund, L.P. $162.3M of —
- Varde Credit Partners, L.P. $486.6M of —
Carlos Sanz Esteve — Executive Officer, Minneapolis, MN
8 other raises
- Varde CRE Lending Fund (Offshore), L.P. $1.5M of —
- Varde Liquid Credit Fund, L.P. $11.8M of —
- Varde Asia Credit Fund III (Offshore), L.P. $0 of —
- Varde Asia Credit Fund III, L.P. $0 of —
- Varde Asset Lending Fund, L.P. $0 of —
- Varde Asset Lending Fund (Offshore), L.P. $150.0M of —
- VMC CRE Master Lending Sub REIT LLC $122K of $125K · 97.6%
- Varde CRE Lending Fund, L.P. $162.3M of —
Haseeb K. Malik — Executive Officer, Minneapolis, MN
10 other raises
- Varde CRE Lending Fund (Offshore), L.P. $1.5M of —
- Varde Liquid Credit Fund, L.P. $11.8M of —
- Varde Asia Credit Fund III (Offshore), L.P. $0 of —
- Varde Asia Credit Fund III, L.P. $0 of —
- Varde Asset Lending Fund, L.P. $0 of —
- Varde Asset Lending Fund (Offshore), L.P. $150.0M of —
- Varde Liquid Credit Fund (Offshore), L.P. $25.9M of —
- VMC CRE Master Lending Sub REIT LLC $122K of $125K · 97.6%
- Varde CRE Lending Fund, L.P. $162.3M of —
- Varde Credit Partners, L.P. $486.6M of —
Andrew Malone — Executive Officer, Minneapolis, MN
5 other raises
- Varde CRE Lending Fund (Offshore), L.P. $1.5M of —
- Varde Asset Lending Fund, L.P. $0 of —
- Varde Asset Lending Fund (Offshore), L.P. $150.0M of —
- VMC CRE Master Lending Sub REIT LLC $122K of $125K · 97.6%
- Varde CRE Lending Fund, L.P. $162.3M of —
Francisco Milone — Executive Officer, Minneapolis, MN
9 other raises
- Varde CRE Lending Fund (Offshore), L.P. $1.5M of —
- Varde Liquid Credit Fund, L.P. $11.8M of —
- Varde Asia Credit Fund III (Offshore), L.P. $0 of —
- Varde Asia Credit Fund III, L.P. $0 of —
- Varde Asset Lending Fund, L.P. $0 of —
- Varde Asset Lending Fund (Offshore), L.P. $150.0M of —
- Varde Liquid Credit Fund (Offshore), L.P. $25.9M of —
- Varde CRE Lending Fund, L.P. $162.3M of —
- Varde Credit Partners, L.P. $486.6M of —
Timothy J. Mooney — Executive Officer, Minneapolis, MN
10 other raises
- Varde CRE Lending Fund (Offshore), L.P. $1.5M of —
- Varde Liquid Credit Fund, L.P. $11.8M of —
- Varde Asia Credit Fund III (Offshore), L.P. $0 of —
- Varde Asia Credit Fund III, L.P. $0 of —
- Varde Asset Lending Fund, L.P. $0 of —
- Varde Asset Lending Fund (Offshore), L.P. $150.0M of —
- Varde Liquid Credit Fund (Offshore), L.P. $25.9M of —
- VMC CRE Master Lending Sub REIT LLC $122K of $125K · 97.6%
- Varde CRE Lending Fund, L.P. $162.3M of —
- Varde Credit Partners, L.P. $486.6M of —
Shannon Gallagher — Executive Officer, Minneapolis, MN
8 other raises
- Varde CRE Lending Fund (Offshore), L.P. $1.5M of —
- Varde Liquid Credit Fund, L.P. $11.8M of —
- Varde Asset Lending Fund, L.P. $0 of —
- Varde Asset Lending Fund (Offshore), L.P. $150.0M of —
- Varde Liquid Credit Fund (Offshore), L.P. $25.9M of —
- VMC CRE Master Lending Sub REIT LLC $122K of $125K · 97.6%
- Varde CRE Lending Fund, L.P. $162.3M of —
- Varde Credit Partners, L.P. $486.6M of —
Anthony Iannazzo — Executive Officer, Minneapolis, MN
9 other raises
- Varde CRE Lending Fund (Offshore), L.P. $1.5M of —
- Varde Liquid Credit Fund, L.P. $11.8M of —
- Varde Credit Partners (Offshore), Ltd. $2.58B of —
- Varde Asset Lending Fund, L.P. $0 of —
- Varde Asset Lending Fund (Offshore), L.P. $150.0M of —
- Varde Liquid Credit Fund (Offshore), L.P. $25.9M of —
- VMC CRE Master Lending Sub REIT LLC $122K of $125K · 97.6%
- Varde CRE Lending Fund, L.P. $162.3M of —
- Varde Credit Partners, L.P. $486.6M of —
Robert O'Dolan — Executive Officer, George Town, E9
2 other raises
- Apollo IG Short Duration Replacement (T), L.P. $500.0M of —
- Apollo Direct Lending Fund - Perpetual (Levered Overseas), L.P. $0 of —
Tara Rivers — Executive Officer, George Town, E9
Nilani Perera — Executive Officer, George Town, E9
2 other raises
- Apollo IG Short Duration Replacement (T), L.P. $500.0M of —
- Apollo Direct Lending Fund - Perpetual (Levered Overseas), L.P. $0 of —

Placement agents

No sales compensation reported — direct raise.

Source: SEC EDGAR Form D. Self-reported by the issuer. Not investment advice.