The Varde Cardinal Fund, L.P.
Hedge FundFund ID 805-4083127917Delaware, United States
Gross assets
$854.4M
Min. investment
$1
Beneficial owners
2
Size rank
Top 9%
Audited
Yes
Structure
Standalone
About this fund
The Varde Cardinal Fund, L.P. is a hedge fund managed by Varde Management, L.P.. The fund reports $854.4 million in gross assets, placing it among the top 9% of private funds by size. The stated minimum investment is $1. Its financial statements are audited annually. Private funds are not required to publicly disclose returns; Form ADV reports assets, structure, and service providers, shown above.
Fund details
| Fund ID | 805-4083127917 |
| Fund type | Hedge Fund |
| 3(c)(1) exclusion | No |
| 3(c)(7) exclusion | Yes |
| Master fund | No |
| Feeder fund | No |
| Fund of funds | No |
| Relies on exemption from registration | Yes |
| Annual audit | Yes |
| Prepared per GAAP | Yes |
| Sub-advised | No |
| % of assets independently valued | 7% |
Other funds from this manager
| Fund | Type | Gross assets |
|---|---|---|
| The Varde Fund XIII, L.P. | Hedge | $1.66B |
| Vp Dislocation Fund II, L.P. | Hedge | $1.3B |
| Varde Credit Partners Master, L.P. | Hedge | $951.2M |
See all 45 funds from this manager — unlock the full record.
Join to unlock · $37/moFrequently asked questions
How large is The Varde Cardinal Fund, L.P.?
The Varde Cardinal Fund, L.P. reports $854.4 million in gross assets, among the top 9% of private funds by size.
What is the minimum investment for The Varde Cardinal Fund, L.P.?
The stated minimum investment is $1.
Who manages The Varde Cardinal Fund, L.P.?
The Varde Cardinal Fund, L.P. is managed by Varde Management, L.P.
Does The Varde Cardinal Fund, L.P. disclose returns?
No. Private funds are not required to publicly disclose performance. Form ADV reports assets, structure, and service providers.
Manager
V
New York, NY
Service providers
Reported gross assets
$854.4M▲ 58%
Feb '25Form ADV, monthlyJun '26
How this fund compares
Gross assetsTop 9%
Larger than 91% of 67,041 private funds
Gross assets vs Hedge FundsTop 18%
Larger than 82% of 12,442 hedge funds
Minimum investmentTop 98%
Higher than 2% of funds reporting a minimum
Investor base
Adviser & related persons5%
Funds of funds%
Non-U.S. persons%
Share of the fund's beneficial ownership reported on Form ADV. Categories can overlap.