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VARDE MANAGEMENT, L.P.
CRD 148949File 801-69821
APPROVED
Custody
Filing as of Jun 26, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$16.13B
Top 10% of cohort (national)
Discretionary AUM
$16.13B
Clients
118
121 accounts
Employees
197
Top 25% of cohort in NY
Identity & registration
ADV Item 1- Organization form
- Limited Partnership
- Firm type
- Registered
- SEC region
- NYRO
- Registration date
- Jan 2, 2009
- Principal office
- 520 MADISON AVENUE, 34TH FLOOR, NEW YORK, NY, 10022
- Phone
- 212-321-3780
- Website
- HTTPS://WWW.VARDE.COM
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $16.13B
- Discretionary AUM
- $16.13B
- Non-discretionary AUM
- $0
- Discretionary accounts
- 121
- Non-discretionary accounts
- 0
- Total accounts
- 121
- AUM per client
- $136.7M
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| Pooled investment vehicles | 118 | $14.34B |
Compensation & activities
ADV Items 5E, 5GCompensation
- Performance-based fees
- A percentage of assets under your management
Advisory activities
- Portfolio management for businesses
- Portfolio management for pooled investment vehicles
Custody
ADV Item 9- Firm Custody Cash
- Yes
- Firm Custody Assets
- Yes
- Firm Custody Clients
- Yes
- Firm Custody Securities
- Yes
- Related Person Custody Cash
- No
- Related Person Custody Assets
- No
- Related Person Custody Clients
- No
- Related Person Custody Securities
- Yes
Disclosure events
ADV Item 11This firm answered no to every Item 11 disclosure question in this filing.
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| Aug 17, 2026 | Clients | 121 | 118 | decreased by3 |
| Apr 1, 2026 | Employees | 206 | 197 | decreased by9 |
| Apr 1, 2026 | Clients | 117 | 121 | increased by4 |
| Apr 1, 2026 | AUM | $17,982,087,436 | $16,128,137,848 | decreased by$1,853,949,588 |
| Apr 1, 2026 | Accounts | 117 | 121 | increased by4 |
| May 1, 2025 vs Oct 1, 2022 | Employees | 280 | 206 | decreased by74 |
| May 1, 2025 vs Oct 1, 2022 | Clients | 100 | 117 | increased by17 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $21,577,231,000 | $17,982,087,436 | decreased by$3,595,143,564 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 100 | 117 | increased by17 |
| Apr 1, 2022 | Employees | 314 | 280 | decreased by34 |
| Apr 1, 2022 | Clients | 84 | 100 | increased by16 |
| Apr 1, 2022 | AUM | $23,362,563,388 | $21,577,231,000 | decreased by$1,785,332,388 |
| Apr 1, 2022 | Accounts | 84 | 100 | increased by16 |
| Apr 1, 2021 | Registration | — | APPROVED |
On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.
See plans that list “VARDE MANAGEMENT” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“VARDE MANAGEMENT” may also match similarly-named firms). Confirm identity against each filing.
Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.