Värde’s investor base includes global institutional investors including trusts, endowments, foundations, pension funds, corporations, and funds-of-funds.
Värde Partners Announces New Chief Investment Officers
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MINNEAPOLIS – Värde Partners, the $11 billion global alternative investment firm, today announced the appointment of Ilfryn Carstairs and Jeremy Hedberg to the roles of joint Chief Investment Officers along with current CIO George Hicks, who is also the firm’s CEO. The move reflects another milestone in Värde’s long-term succession plan to support the firm’s continued growth.
Mr. Carstairs and Mr. Hedberg, both Partners in the firm, will assume their new roles effective January 1, 2017. On January 1, 2018, Mr. Hedberg and Mr. Carstairs will remain Co-CIOs, and Mr. Hicks will focus solely on being the CEO of the global organization. Marcia Page will remain Executive Chair of the firm.
“Jeremy and Ilfryn have had distinctive and long careers with Värde Partners, and I’m excited for them to expand their roles as two of the firm’s leaders,” said George Hicks, current CEO and CIO of Värde Partners. “They both have played key roles in our investment strategies across time and geographies – with Ilfryn based in Europe and Jeremy based in the United States. The deep relationship that they have built over the years will serve them especially well in these new roles.”
“Marcia Page and George Hicks have built a strong, global platform for our investors. I’m excited and honored to have the opportunity to build upon the legacy of their success and to continue working closely with Jeremy through that process,” said Ilfryn Carstairs
“I’ve had the pleasure of working with George Hicks and Marcia Page for the majority of the firm’s history,” said Jeremy Hedberg. “I’m looking forward to working with Ilfryn and our other senior leaders to chart the future course for Värde and our global investing platform.”
Jeremy Hedberg joined Värde in 1997 and was named Partner in 2003, while Ilfryn Carstairs joined Värde in 2006 and was named Partner in 2011. They have been long term members of Värde’s Investment Committee and most recently served as Global Co-Heads of Corporate and Traded Credit for the firm. In addition to these responsibilities, each has played key roles at Värde through numerous investment cycles and across geographies.
About Värde Partners:
Värde Partners is an $11 billion global alternative investment adviser focused on investing capital and resources across multiple segments and markets that includes corporate assets and sovereign debt, residential mortgages, real estate, specialty finance, transportation, infrastructure and logistics. Värde sponsors and manages a family of private investment funds with a global investor base that includes foundations and endowments, pension plans, insurance companies, other institutional investors, and private clients.