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The Varde Raya Fund, L.P.

Hedge FundFund ID 805-6733541613Cayman Islands
Gross assets
$383M
Min. investment
$1
Beneficial owners
2
Size rank
Top 21%
Audited
Yes
Structure
Standalone

About this fund

The Varde Raya Fund, L.P. is a hedge fund managed by Varde Management, L.P.. The fund reports $383 million in gross assets, placing it among the top 21% 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 ID805-6733541613
Fund typeHedge Fund
3(c)(1) exclusionNo
3(c)(7) exclusionYes
Master fundNo
Feeder fundNo
Fund of fundsNo
Relies on exemption from registrationNo
Annual auditYes
Prepared per GAAPYes
Sub-advisedNo
% of assets independently valued3%

Other funds from this manager

FundTypeGross 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
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Frequently asked questions

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

The Varde Raya Fund, L.P. reports $383 million in gross assets, among the top 21% of private funds by size.

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

The stated minimum investment is $1.

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

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

Does The Varde Raya Fund, 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

Prime broker
Custodian
Administrator
Auditor

Reported gross assets

$383M▲ 77%
Feb '25 — $215.8MMar '25 — $252.7MApr '25 — $252.7MMay '25 — $252.7MJun '25 — $252.7MJul '25 — $252.7MAug '25 — $252.7MSep '25 — $252.7MOct '25 — $252.7MNov '25 — $252.7MDec '25 — $252.7MJan '26 — $252.7MFeb '26 — $252.7MMar '26 — $383MApr '26 — $383MMay '26 — $383MJun '26 — $383M
Feb '25Form ADV, monthlyJun '26

How this fund compares

Gross assetsTop 21%
Larger than 79% of 67,041 private funds
Gross assets vs Hedge FundsTop 30%
Larger than 70% of 12,442 hedge funds
Minimum investmentTop 98%
Higher than 2% of funds reporting a minimum

Investor base

Adviser & related persons%
Funds of funds%
Non-U.S. persons1%
Share of the fund's beneficial ownership reported on Form ADV. Categories can overlap.