Värde Recognized by Reorg as the Most Active India Private Credit Lender in FY2023/24

MUMBAI – Värde Partners is pleased to be recognized by Reorg as the most active private credit provider in India based on Reorg’s deal tracking for India’s 2023/24 fiscal year. The full report is available here.

Värde brings a partnership approach to structuring tailored capital solutions for borrowers representing a diverse range of industries. The firm’s local knowledge, developed over 16 years in Asia Pacific with offices in Mumbai and Singapore, is complemented by a global relative value perspective. We believe the combination of India’s economic growth trajectory, local banking system restrictions, and increasing market orientation toward non-bank lending creates a sustainable structural premium for investing in the region. The need for private capital solutions in India has increased markedly, and we believe the long-term outlook for private credit is positive.

Disclaimer: This recognition is not indicative of the past or future performance of any Värde product or service and should not be relied upon as an indication of future performance of Värde or any of its funds. The methodology for this recognition is set forth in the report linked above.

Värde Partners and David Weekley Homes Announce Land Banking Joint Venture

MINNEAPOLIS – Värde Partners, a leading global alternative investment firm specializing in credit and credit-related assets, and David Weekley Homes, one of the largest privately-held national home builders, today announced the formation of a joint venture to land bank residential communities for David Weekley Homes across the nation.

The land banking facility, provided by Värde, offers significant capacity to acquire and develop residential lots in high-demand U.S. markets, such as Phoenix, Tampa, Atlanta, Orlando and Charlotte. David Weekley Homes will manage the sourcing and land development.

The joint venture has already closed on two projects in Phoenix, totaling over $100 million of project costs, and expects to scale the partnership with a pipeline of deals projected to close over the coming months.

“We are pleased to formalize this new relationship with Värde, which will support our company’s growth goals and align with our longstanding asset-lite strategy,” said Heather Humphrey, Chief Financial Officer at David Weekley Homes. “The firm’s extensive experience investing in residential land development and reputation within the market made them a great partner for this venture. We are excited to have established this facility and look forward to an enduring partnership.”

“Värde’s vast experience in U.S. housing and land development positions us as a valuable partner and provider of capital to homebuilders,” said Brendan Bosman, a Senior Managing Director at Värde Partners. “David Weekley Homes is a preferred home builder in several master-planned communities in which Värde invests and has a reputation for operating with integrity and delivering high-quality homes. We are excited to embark on this partnership with them.”

Värde has 30 years of experience investing in real estate credit and assets with deep expertise across all major asset classes. The firm’s investments in U.S. residential real estate and home building include strategic land banking partnerships and a portfolio of master-planned communities. Värde’s global real estate team is supported by in-house asset management professionals as well as a partnership with an industry-leading servicer and asset manager.

About David Weekley Homes
David Weekley Homes, founded in 1976, operates in 19 markets across the United States and is headquartered in Houston. David Weekley Homes was the first builder in the United States to be awarded the Triple Crown of American Home Building, an honor which includes “America’s Best Builder,” “National Housing Quality Award” and “National Builder of the Year.” David Weekley Homes has been recognized 17 times by Great Place to Work® and Fortune magazine as one of the 100 Best Companies to Work For. Since inception, David Weekley Homes has closed more than 120,000 homes. For more information about David Weekley Homes, visit the company’s website at www.davidweekleyhomes.com.

About Värde Partners
Värde Partners is a leading global alternative investment firm specializing in credit and credit-related assets. Founded in 1993, the firm has invested more than $100 billion across the credit quality and liquidity spectrum in both public and private markets. Värde currently manages approximately $13 billion in assets with teams in North America, Europe, and Asia Pacific focused on Corporate & Traded Credit, Real Estate, and Financial Services & Diversified Private Credit. For more information, please visit www.varde.com.

Värde Provides €70 Million Refinancing Loan for Dublin Multifamily and Hospitality Properties

LONDON – Värde Partners, a leading global alternative investment firm specializing in credit and credit-related assets, today announced that an entity owned by Värde-managed funds has provided a €70 million loan to the Moran Group for the refinancing of commercial real estate assets in Dublin, Ireland.

The loan is backed by the newly developed Rockpoint apartment complex in south Dublin as well as the Red Cow Moran Hotel and adjacent Red Cow Inn pub located in southwest Dublin. The Moran Group, run by the Moran family of prominent hoteliers, has owned and operated the Red Cow complex for more than 30 years. Rockpoint, completed in January 2024, is the newest addition to their portfolio of residential properties.

“We would like to thank Värde Partners for backing us on this financing, and we look forward to growing our business with their continued support,” said Michael Moran, a Director at the Moran Group.

“This deal exemplifies Värde’s tailored, partnership approach to structuring financing solutions for strong borrowers backed by well-located assets,” said Tony Iannazzo, a Partner at Värde. “We are pleased to partner with the Moran Group during an exciting chapter in their history, particularly with the launch of Rockpoint, bringing high-quality housing to the undersupplied Dublin market. We welcome opportunities to work with asset owners across Europe as they navigate a dynamic real estate market.”

Värde has 30 years of experience investing in real estate credit and assets with deep expertise across all major asset classes. Värde’s global real estate team is supported by in-house asset management professionals as well as a partnership with an industry-leading servicer and asset manager. As an originator of real estate credit solutions, Värde seeks to provide flexible capital and certainty of execution to borrowers.

About Värde Partners
Värde Partners is a leading global alternative investment firm specializing in credit and credit-related assets. Founded in 1993, the firm has invested more than $100 billion across the credit quality and liquidity spectrum in both public and private markets. Värde currently manages approximately $13 billion in assets with teams in North America, Europe, and Asia Pacific focused on Corporate & Traded Credit, Real Estate, and Financial Services & Diversified Private Credit. For more information, please visit www.varde.com.

Värde Promotes Shannon Gallagher and Tony Iannazzo to Partner

NEW YORK and LONDON – Värde Partners, a leading global alternative investment firm specializing in credit and credit-related assets, today announced the promotions of Shannon Gallagher and Tony Iannazzo to Partner. In addition to joining the firm’s partnership, Shannon will now serve as Global Head of Business Development and Investor Relations and Tony will serve as Chief Operating Officer.

“We are proud to announce the promotions of Shannon and Tony to our partnership, which reflect Värde’s commitment to cultivating and rewarding our world-class talent,” said Brad Bauer, Co-CEO and Co-CIO of Värde Partners. “Shannon and Tony exemplify the values we hold dear, demonstrating a strong work ethic and excellent leadership capabilities as well as an unwavering commitment to our investors.”

“Värde’s success depends on the strength of our people, and during their time at Värde, Shannon and Tony have been catalysts for growth and innovation across our firm,” added Co-CEO and Co-CIO Ilfryn Carstairs. “We are excited to continue to benefit from their leadership and operational expertise as we seek to drive sustained value for our investors.”

This year, Värde has recognized the outstanding contributions of around 20 team members with promotions across various departments and global offices.

About Värde Partners
Värde Partners is a leading global alternative investment firm specializing in credit and credit-related assets. Founded in 1993, the firm has invested more than $100 billion across the credit quality and liquidity spectrum in both public and private markets. Värde currently manages approximately $13 billion in assets with teams in North America, Europe, and Asia Pacific focused on Corporate & Traded Credit, Real Estate, and Financial Services & Diversified Private Credit. For more information, please visit www.varde.com.

Värde Named 2023 Real Estate Debt Manager of the Year, Americas by Private Debt Investor

NEW YORK and MINNEAPOLIS – Värde Partners is honored to be named Real Estate Debt Manager of the Year, Americas as part of Private Debt Investor’s 2023 awards.

Private Debt Investor’s annual awards acknowledge the achievements of investment managers, allocators, and advisors across the private debt industry. This recognition is the culmination of a broad-based voting process among industry participants.

“It is an honor to be recognized by investors and industry peers as a leader in real estate credit investing,” said Jim Dunbar, Partner and Head of Real Estate Lending at Värde. “Värde has a well-established platform, with robust origination and asset management capabilities, that allows us to lend confidently throughout cycles. We are pleased to support the financing needs of quality real estate borrowers in search of reliable capital solutions as we seek to drive strong results for our investors.”

This achievement comes on the heels of another active year of origination for Värde’s commercial real estate lending platform. Throughout 2023, Värde continued to originate first mortgages secured by well-located collateral spanning multifamily, student housing, hospitality, and mixed-use assets across the United States.

Notable transactions include:

$76 million for the acquisition of the St. Regis hotel in Chicago, Illinois.
$73 million for the refinancing of a multifamily property in San Francisco, California.
$69 million for the refinancing of a new multifamily development in Brooklyn, New York.
$63 million for the refinancing of Vie Towers student housing in Hyattsville, Maryland.
$57 million for the acquisition of the InterContinental hotel in Houston, Texas.
$49 million for the refinancing of a portfolio of student housing properties in California.

Värde has originated over $6.7 billion in CRE loans since 2017 and is strategically positioned to address growing demand as the debt maturity wall and bank liquidity challenges magnify the need for capital solutions.

About Värde Partners
Värde Partners is a leading global alternative investment firm specializing in credit and credit-related assets. Founded in 1993, the firm has invested more than $100 billion across the credit quality and liquidity spectrum in both public and private markets. Värde currently manages approximately $13 billion in assets with teams in North America, Europe, and Asia Pacific focused on Corporate & Traded Credit, Real Estate, and Financial Services & Diversified Private Credit. For more information, please visit www.varde.com.

Disclaimer: The award referenced does not reflect the experiences of any Värde client and readers should not view such information as representative of any particular client’s experience or assume that they will have a similar investment experience as any previous or existing client. The award is not indicative of the past or future performance of any Värde product or service and should not be relied upon as an indication of future performance of Värde or any of its funds. The methodology for the Private Debt Investor (PDI) awards is as follows: PDI calls for submissions of award nominations from industry participants. After the nomination deadline closes, PDI’s editorial team considers the nominations alongside its own field research to construct shortlists for each category. Shortlists are published and opened to voting by industry participants. There are no sponsors or panel of judges, and respondents are not allowed to vote for their own firm. The selection of Värde to receive the award was based in part on subjective criteria and, therefore, it is possible that a different editorial team or group of voters may have arrived at a different outcome.

Värde Commits $1.3 Billion in Asset-Based Private Credit Transactions in 2023

NEW YORK and LONDON – Värde Partners, a leading global alternative investment firm specializing in credit and credit-related assets, today announced that it committed $1.3 billion across its asset-based lending and diversified private credit platform in 2023. These investments facilitated approximately $9 billion of commercial and consumer loans in North America and Europe.

“Market dislocation, exacerbated by bank regulation and liquidity challenges, presents a significant opportunity for Värde to step in as a strategic partner, originating financing for underserved borrowers and providing liquidity solutions,” said Aneek Mamik, New York-based Partner at Värde. “We believe Värde’s expertise across the many facets of lending, from owning financial services platforms to loan servicing, is a competitive edge as we source and provide exposure to attractive, downside-protected investments on behalf of our investors.”

For more than 30 years, Värde has served as a premier credit and liquidity provider, investing across capital structures, industries, and market cycles. In recent years, Värde has expanded its origination team and capabilities to meet the growing financing and liquidity needs. Värde’s approach is informed by deep sector expertise and a global relative value perspective.

The firm’s priority themes in 2024 include:

Commercial Finance: Loans and leases to small and midsize businesses, including business-essential equipment finance, receivables finance, inventory finance, and SME financing across industries such as technology, industrial, manufacturing, and specialty vehicles.
Consumer Finance: Senior secured loans for prime and near-prime borrowers backed by financial assets, such as home equity, auto, and other titled vehicles.
Diversified Private Credit: Lending against or investing in assets or contractual cash flows that are often less correlated to other financial assets, including fund finance and homebuilder finance.

“The widening capital supply/demand gap is driving increased lending opportunities across nearly all markets and sectors, particularly opportunities to partner with non-bank lenders as they look to the private markets to support their lending to the real economy,” said Barbara Richter, London-based Managing Director. “Importantly, the breadth of our platform allows us to be selective.”

“We are pleased to have successfully tailored solutions for many high-quality borrowers last year,” added Monty Cook, New York-based Senior Managing Director. “Our expertise in providing capital to support asset growth across a wide array of asset classes has positioned Värde as a preferred lender, and we look forward to working with new and familiar partners in 2024.”

About Värde Partners

Värde Partners is a leading global alternative investment firm specializing in credit and credit-related assets. Founded in 1993, the firm has invested more than $100 billion across the credit quality and liquidity spectrum in both public and private markets. Värde currently manages approximately $13 billion in assets with teams in North America, Europe, and Asia Pacific focused on Corporate & Traded Credit, Real Estate, and Financial Services & Diversified Private Credit. For more information, please visit www.varde.com.