Investment adviser · CRD 159183

VARADERO CAPITAL, L.P.

Investment adviser filing (IA)

NEW YORK, NY, United States · Form ADV filed Mar 30, 2026

Regulatory AUM: $2.29B
Client accounts: 15
Employees: 27
Advisory professionals: 11

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Pooled investment vehicles	9	$1,706,942,126	74.5%
Insurance companies	6	$551,521,689	24.1%
Corporations & businesses	Fewer than 5	$33,716,897	1.5%

Filing source

Form ADV 2074454 · Mar 30, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

6 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

VARADERO MASTER FUND, L.P.Hedge Fund · Last reported Mar 30, 2026$1.61BGross asset value

Feeder funds

Fund administrator NORTHERN TRUST HEDGE FUND SERVICES LLC CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PRICEWATERHOUSECOOPERS LLP NEW YORK, New York, United States

Custodian INTERACTIVE BROKERS LLC GREENWICH, Connecticut, United States Related to adviser: No

Custodian J.P. MORGAN CLEARING CORP. NEW YORK, New York, United States Related to adviser: Yes

Custodian J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States Related to adviser: No

Custodian THE NORTHERN TRUST COMPANY CHICAGO, Illinois, United States Related to adviser: No

Custodian U.S. BANK NATIONAL ASSOCIATION FREDERICK, Maryland, United States Related to adviser: No

Custodian WILMINGTON TRUST, NATIONAL ASSOCIATION BUFFALO, New York, United States Related to adviser: No

Prime broker J.P. MORGAN CLEARING CORP. NEW YORK, New York, United States

Prime broker J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

INTERACTIVE BROKERS LLC
SEC 8-47257

J.P. MORGAN CLEARING CORP.
SEC 8-43724

J.P. MORGAN SECURITIES LLC
SEC 8-35008

THE NORTHERN TRUST COMPANY
LEI 6PTKHDJ8HDUF78PFWH3

U.S. BANK NATIONAL ASSOCIATION
LEI 6BYL5QZYBDK8S7L73M02

WILMINGTON TRUST, NATIONAL ASSOCIATION
LEI 254900K52ZHF2PEQE64

J.P. MORGAN CLEARING CORP.
CRD 28432 · SEC 8-43724

J.P. MORGAN SECURITIES LLC
CRD 79 · SEC 8-35008

Fund details & source

Fund ID: 805-4655664661
Reported beneficial owners: 125
Minimum commitment: $1M
Form D file number: 021-140735
Form D file number: 021-214653

Form ADV 2074454 · Mar 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

VC SH1 CO-INVEST, L.P.Other Private Fund · Last reported Mar 30, 2026$85.1MGross asset value

Form D fundraising filings

VC SH1 Co-Invest, L.P.

Fund administrator NORTHERN TRUST HEDGE FUND SERVICES LLC CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PRICEWATERHOUSECOOPERS LLP NEW YORK, New York, United States

Custodian COMPUTERSHARE TRUST COMPANY N.A. COLUMBIA, Maryland, United States Related to adviser: No

Custodian THE NORTHERN TRUST COMPANY CHICAGO, Illinois, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

THE NORTHERN TRUST COMPANY
LEI 6PTKHDJ8HDUF78PFWH3

Fund details & source

Fund ID: 805-5419446902
Reported beneficial owners: 45
Minimum commitment: $375K
Form D file number: 021-563934

Form ADV 2074454 · Mar 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

VARADERO SPECIAL OPPORTUNITIES MASTER FUND, L.P.Other Private Fund · Last reported Mar 30, 2026$45.8MGross asset value

Feeder funds

VARADERO SPECIAL OPPORTUNITIES INTERNATIONAL (B), L.P.
VARADERO SPECIAL OPPORTUNITIES INTERNATIONAL, L.P.
VARADERO SPECIAL OPPORTUNITIES INTERMEDIATE FUND, L.P.

Fund administrator NORTHERN TRUST HEDGE FUND SERVICES LLC CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PRICEWATERHOUSECOOPERS LLP NEW YORK, New York, United States

Custodian THE NORTHERN TRUST COMPANY CHICAGO, Illinois, United States Related to adviser: No

Custodian U.S. BANK NATIONAL ASSOCIATION FREDERICK, Maryland, United States Related to adviser: No

Custodian WILMINGTON TRUST, NATIONAL ASSOCIATION BUFFALO, New York, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

THE NORTHERN TRUST COMPANY
LEI 6PTKHDJ8HDUF78PFWH3

U.S. BANK NATIONAL ASSOCIATION
LEI 6BYL5QZYBDK8S7L73M02

WILMINGTON TRUST, NATIONAL ASSOCIATION
LEI 254900K52ZHF2PEQE64

Fund details & source

Fund ID: 805-2640335911
Reported beneficial owners: 17
Minimum commitment: $1M
Form D file number: 021-315249
Form D file number: 021-315255

Form ADV 2074454 · Mar 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

VARADERO EMPLOYEE PARTNERS PROGRAM, LLCPrivate Equity Fund · Last reported Mar 30, 2026$843KGross asset value

Form D fundraising filings

Varadero Employee Partners Program, LLC

Custodian INSPIRA FINANCIAL TRUST, LLC OAK BROOK, Illinois, United States Related to adviser: No

Provider details

Annual audit: No
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: No

Fund details & source

Fund ID: 805-5502981402
Reported beneficial owners: 14
Minimum commitment: $1K
Form D file number: 021-261496

Form ADV 2074454 · Mar 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

VARADERO ALTERNATIVE FIXED INCOME FUND, L.P.Hedge Fund · Last reported Mar 30, 2017$208MGross asset value

Feeder funds

VAFI INTERNATIONAL SPC

Fund administrator NORTHERN TRUST HEDGE FUND SERVICES CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LLP NEW YORK, New York, United States

Custodian MILLENNIUM TRUST COMPANY, LLC OAK BROOK, Illinois, United States Related to adviser: No

Custodian NORTHERN TRUST SECURITIES, INC. CHICAGO, Illinois, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

NORTHERN TRUST SECURITIES, INC.
SEC 8-23689

Fund details & source

Fund ID: 805-1159007391
Reported beneficial owners: 19
Minimum commitment: $1M
Form D file number: 021-1628652

Form ADV 1093071 · Mar 30, 2017 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

NEW AMSTERDAM FUND, L.P.Hedge Fund · Last reported Apr 1, 2013$104MGross asset value

Fund administrator NORTHERN TRUST HEDGE FUND SERVICES CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PRICEWATERHOUSECOOPERS ACCOUNTANTS N.V. AMSTERDAM, Netherlands

Custodian J.P. MORGAN CLEARING CORP. NEW YORK, New York, United States Related to adviser: No

Custodian J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States Related to adviser: No

Prime broker J.P. MORGAN CLEARING CORP. NEW YORK, New York, United States

Prime broker J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

J.P. MORGAN CLEARING CORP.
SEC 8-43724

J.P. MORGAN SECURITIES LLC
SEC 8-35008

J.P. MORGAN CLEARING CORP.
CRD 28432 · SEC 8-43724

J.P. MORGAN SECURITIES LLC
CRD 79 · SEC 8-35008

Fund details & source

Fund ID: 805-5330652595
Reported beneficial owners: 3
Minimum commitment: $1M

Form ADV 722163 · Apr 1, 2013 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Mar 30, 2026. View historical filings

Reported services

Pooled investment vehicle management · Business portfolio management

Compensation

Percentage of assets · Performance-based

Principal office

66 HUDSON BOULEVARD EAST, 33RD FLOOR
NEW YORK, NY, 10001, United States

CRD 159183

Filing source

Form ADV 2074454 · Mar 30, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.