Form D · Other Investment Fund
Varde Cardinal Fund, L.P.
Minneapolis, MN · CIK 0001936056
Offering snapshot reported Mar 3, 2025 · SEC filing
- Reported sold
- $550M Indefinite offering
- Investors reported
- 1 Form D · investor count
- Minimum accepted
- $0 Reported outside-investor minimum
- First sale
- Jun 30, 2022 As reported in this filing
Fundraising history
Reported soldDates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.
What changed?
Latest filing versus its linked predecessor, where available.
- Reported sold$450,000,000 → $550,000,000
Filing history
Scroll to see all columns →
| Filed | Filing type | Reported sold | Change vs linked filing | Investors | Source |
|---|---|---|---|---|---|
| Mar 3, 2025 | Amendment | $550,000,000 | $100,000,000vs Jul 7, 2022 | 1 | SEC filing |
| Jul 7, 2022 | Initial | $450,000,000 | No comparison | 1 | SEC filing |
Offering details
- Securities
- Pooled investment fund
- Exemptions
- 06b, 3C, 3C.7
- Duration over one year
- Yes
- Business combination
- No
- Sales commissions
- $0
- Finders' fees
- $0
- Form D file number
- 021-451433
Source: Form D, filed Mar 3, 2025. Minimum accepted may differ from a standard advertised minimum.
Fund connections
The linked fund shows its most recently reported ADV details.
Matched by reported Form D file number
THE VARDE CARDINAL FUND, L.P.
Investment adviser: VARDE MANAGEMENT, L.P.
- Gross asset value
- $854M
- Beneficial owners
- 2
- ADV minimum commitment
- $1
Reported in Form ADV on Jun 26, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.
Service providers
Provider details
- Annual audit
- Yes
- Prime brokers
- Yes
- Custodians
- Yes
- Administrator other than the adviser
- Yes
- External marketing
- No
KPMG, LLP
PCAOB 185
GOLDMAN SACHS & CO. LLC
SEC 8-129
STANDARD CHARTERED BANK
LEI RILFO74KP1CM8P6PCT96
THE BANK OF NEW YORK MELLON
LEI HPFHU0OQ28E4N0NFVK49
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED
LEI 2HI3YI5320L3RW6NJ957
GOLDMAN SACHS & CO. LLC
CRD 361 · SEC 8-129
Filing source
Form ADV 2115865 · Jun 26, 2026 · Schedule D 7.B.(1), fund 805-4083127917
Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.
People & organizations
Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.
| Name | Reported role |
|---|---|
| Bradley P. Bauer | Executive, Promoter |
| Ilfryn C. Carstairs | Executive, Promoter |
| James E. Dunbar | Executive, Promoter |
| Carlos Sanz Esteve | Executive, Promoter |
| Jonathan A. Fox | Executive, Promoter |
| Shannon Gallagher | Executive, Promoter |
| Scott T. Hartman | Executive, Promoter |
| George G. Hicks | Executive, Promoter |
| Anthony Iannazzo | Executive, Promoter |
| Andrew P. Lenk | Executive, Promoter |
| Haseeb K. Malik | Executive, Promoter |
| Andrew Malone | Executive, Promoter |
| Aneek Mamik | Executive, Promoter |
| David A. Marple | Executive, Promoter |
| Francisco Milone | Executive, Promoter |
| Timothy J. Mooney | Executive, Promoter |
| Giuseppe Naglieri | Executive, Promoter |
| Marica L. Page | Executive, Promoter |
| Marcia L. Page | Executive, Promoter |
| N/A The Varde Cardinal Fund Gp, L.P. | Promoter |
| N/A The Varde Cardinal Fund Ugp, Llc | Promoter |
| N/A Varde Partners, Inc. | Promoter |
| N/A Varde Partners, L.P. | Promoter |
Issuer details
Industry: Pooled Investment Fund (See others in industry)
Address:Minneapolis, MN, 55401