Form D · Hedge Fund

VARDE INVESTMENT PARTNERS (OFFSHORE) LTD

Minneapolis, MN · CIK 0001454602

Offering snapshot reported Nov 13, 2023 · SEC filing

Reported sold
$1.66B
Indefinite offering
Investors reported
152
Form D · investor count
Minimum accepted
$100K
Reported outside-investor minimum
First sale
Feb 1, 2012
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$832M$1.66BFeb 10, 2012: $3,500,000.00Feb 10, 2012Apr 3, 2014: $42,800,035.00Apr 7, 2015: $179,550,035.00Apr 7, 2016: $324,838,535.00Apr 7, 2017: $560,138,535.00Apr 6, 2018: $706,488,535.00Apr 8, 2019: $1,007,638,535.00Nov 12, 2019: $1,139,464,535.00Nov 12, 2020: $1,530,214,535.00Nov 12, 2021: $1,578,764,535.00Nov 10, 2022: $1,621,614,535.00Nov 13, 2023: $1,663,014,535.00Nov 13, 2023

Dates 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$1,621,614,535 → $1,663,014,535
  • Reported investors150 → 152

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Nov 13, 2023Amendment$1,663,014,535$41,400,000vs Nov 10, 2022152SEC filing
Nov 10, 2022Amendment$1,621,614,535$42,850,000vs Nov 12, 2021150SEC filing
Nov 12, 2021Amendment$1,578,764,535$48,550,000vs Nov 12, 2020150SEC filing
Nov 12, 2020Amendment$1,530,214,535$390,750,000vs Nov 12, 2019149SEC filing
Nov 12, 2019Amendment$1,139,464,535$131,826,000vs Apr 8, 2019132SEC filing
Apr 8, 2019Amendment$1,007,638,535$301,150,000vs Apr 6, 2018114SEC filing
Apr 6, 2018Amendment$706,488,535$146,350,000vs Apr 7, 201796SEC filing
Apr 7, 2017Amendment$560,138,535$235,300,000vs Apr 7, 201675SEC filing
Apr 7, 2016Amendment$324,838,535$145,288,500vs Apr 7, 201565SEC filing
Apr 7, 2015Amendment$179,550,035$136,750,000vs Apr 3, 201455SEC filing
Apr 3, 2014Amendment$42,800,035$39,300,035vs Feb 10, 201210SEC filing
Feb 10, 2012Initial$3,500,000No comparison1SEC filing
Mar 8, 2010Amendment$69,514,730No comparison18SEC filing
Jan 16, 2009PaperNot reportedNo comparisonNot reportedSEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06b, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$12.5K (estimated)
Finders' fees
$0
Form D file number
021-173245

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Introduction Capital Inc.None

Source: Form D, filed Nov 13, 2023. 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

VÄRDE INVESTMENT PARTNERS (OFFSHORE), LTD.

Investment adviser: VARDE MANAGEMENT, L.P.

Gross asset value
$1.33B
Beneficial owners
137
ADV minimum commitment
$5M

Reported in Form ADV on Feb 14, 2024. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator SS&C TECHNOLOGIES, INC. WINDSOR, Connecticut, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor KPMG, LLP MINNEAPOLIS, Minnesota, United States
Marketer INTRODUCTION CAPITAL INC. TORONTO, Canada Related to adviser: No
Marketer MISSURA CAPITAL LTD. HERZLIYA, Israel Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
No
Administrator other than the adviser
Yes
External marketing
Yes

KPMG, LLP
PCAOB 185

Filing source

Form ADV 1824671 · Feb 14, 2024 · Schedule D 7.B.(1), fund 805-4998850251

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.

People and organizations reported in Form D filings
NameReported role
Brad Bauer Executive
Bradley P. Bauer Director
Ilfryn C. Carstairs Executive
Nathan J. Geske Executive
Christopher N. Giles Executive
Ali M. Haroon Executive
Jeremy D. Hedberg Executive
George G. Hicks Director
J. Dennis Hunter Director
Katie S. Kloster Executive
David J. Koschak Executive
Andrew P. Lenk Director
David A. Marple Executive
Cary Marr Director
Rick J. Noel Executive
Marcia L. Page Executive
David J. Parrin Executive
Steffanie L. Sanders Executive
Andrea Schilling Executive
Brian C. Schmidt Executive
Jason R. Spaeth Executive
Jeffery A. Thuringer Executive
Varde Investment Partners G.P., L.P. Promoter
Varde Investment Partners Ugp, Llc Promoter
Kirsten E. Voss Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
901 Marquette Avenue South Suite 3300
Minneapolis, MN, 55402