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The Varde Fund XIII, L.P.

Hedge FundFund ID 805-4504376619Cayman Islands
Gross assets
$1.66B
Min. investment
$10M
Beneficial owners
241
Size rank
Top 4%
Audited
Yes
Structure
Master

About this fund

The Varde Fund XIII, L.P. is a hedge fund managed by Varde Management, L.P.. The fund reports $1.7 billion in gross assets, placing it among the top 4% of private funds by size. The stated minimum investment is $10 million. 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 ID805-4504376619
Fund typeHedge Fund
3(c)(1) exclusionNo
3(c)(7) exclusionYes
Master fundYes
Feeder fundNo
Fund of fundsNo
Relies on exemption from registrationYes
Annual auditYes
Prepared per GAAPYes
Sub-advisedNo
% of assets independently valued0%

Other funds from this manager

FundTypeGross assets
Vp Dislocation Fund II, L.P.Hedge$1.3B
Varde Credit Partners Master, L.P.Hedge$951.2M
The Varde Cardinal Fund, L.P.Hedge$854.4M
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Frequently asked questions

How large is The Varde Fund XIII, L.P.?

The Varde Fund XIII, L.P. reports $1.7 billion in gross assets, among the top 4% of private funds by size.

What is the minimum investment for The Varde Fund XIII, L.P.?

The stated minimum investment is $10 million.

Who manages The Varde Fund XIII, L.P.?

The Varde Fund XIII, L.P. is managed by Varde Management, L.P.

Does The Varde Fund XIII, L.P. disclose returns?

No. Private funds are not required to publicly disclose performance. Form ADV reports assets, structure, and service providers.

Manager

Service providers

Reported gross assets

$1.66B▼ 41%
Feb '25 — $2.81BMar '25 — $2.41BApr '25 — $2.41BMay '25 — $2.41BJun '25 — $2.41BJul '25 — $2.41BAug '25 — $2.41BSep '25 — $2.41BOct '25 — $2.41BNov '25 — $2.41BDec '25 — $2.41BJan '26 — $2.41BFeb '26 — $2.41BMar '26 — $1.66BApr '26 — $1.66BMay '26 — $1.66BJun '26 — $1.66B
Feb '25Form ADV, monthlyJun '26

How this fund compares

Gross assetsTop 4%
Larger than 96% of 67,041 private funds
Gross assets vs Hedge FundsTop 10%
Larger than 90% of 12,442 hedge funds
Minimum investmentTop 6%
Higher than 94% of funds reporting a minimum

Investor base

Adviser & related persons14%
Funds of funds9%
Non-U.S. persons31%
Share of the fund's beneficial ownership reported on Form ADV. Categories can overlap.