Värde Partners

“The alternatives business found itself with the established firms growing at a much faster rate Than newcomers, and the fact that LPs were becoming increasingly sophisticated, and looking to consolidate the number of their relationships.”

“Generally, we do not launch the interview process until we have at least two diverse candidates in our pool. Statistically, there's a much higher likelihood that you'll have at least one of those candidates go to the next level of interviews than having just o…”

“What if we actually brought our capabilities together in a new fund structure, and that we brought a relative value sensibility from liquid Traded strategies that I was particularly strong in all the way to the illiquid part of these loan portfolios and brough…”

“When we named the firm, Varde is the Swedish word for value. We intentionally avoided using our names specifically in the business to avoid the cult of personality that can be associated with this business.”

“To have the ability to have the time to do a proper restructuring and or the staying power definitely requires the right kind of fund structure. Sometimes it's the mismatch in that funding structure against what you're trying to accomplish over a multi-year pe…”

“When I looked at Vardae's numbers, I also, particularly among our investment professional ranks, also noted that our numbers were really right there with the industry averages, and I personally found that a bit humbling.”

“Statistically, women tend to self-rate lower than men. So we have dropped self-ratings from our promotion process.”

“We're certainly not contemplating a change in the transition of our day. We've appreciated being all privately held Company”

“So there isn't a buyout per se for the next generation of partners, but rather a declining interest in the firm and enormous amount of skin in the game as to the underlying economics over that period of time. That's what allows economics to free up, such that …”

“When we started Varday, many of those early relationships and other distressed debt investors were some of our very first investors.”

“We made a strategic decision that it was important that a partner actually move into that area and have capital committing authority in the market, as opposed to being a satellite, which was more typical of what we were seeing in that period of time by our pee…”