Värde Appoints Brad Bauer to Co-Chief Executive Officer

Brad Bauer joins Ilfryn Carstairs to lead the firm as Co-CEO

NEW YORK – Värde Partners, a leading global alternative investment firm, today announced that Brad Bauer has joined Ilfryn Carstairs to lead the firm as Co-Chief Executive Officer.

“Brad has demonstrated exceptional leadership and vision throughout the years, and this elevation was a natural progression that received the full support of the partners,” said George G. Hicks, Co-Founder and Co-Executive Chair of Värde. “Värde has operated with co-leaders at the helm for much of the firm’s history, and we believe this structure reflects the realities of running the business today during a dynamic period in the industry.”

“Our intentional leadership framework with Co-CEOs in the U.S. and Asia aligns with the global nature of our firm and our LP base,” said Ilfryn, Co-CEO and Co-CIO of Värde. “It underscores Värde’s unwavering focus on delivering for our investors as we continually align our platform with the investing environment and the needs of our LPs. Brad and I have worked together for over 16 years, and we leverage each other’s strengths. I am very much looking forward to having him alongside me as Co-CEO.”

Brad has over 20 years of experience in the alternatives industry and has held various investing and business leadership roles since joining Värde in 2007. He continues to oversee Värde’s private markets investing as Co-CIO.

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.