Värde Partners raises $400m for Asia Credit Fund, exceeds target by 60%

The Marina Bay Sands hotel and casino stands in Singapore, on Thursday, Feb. 18, 2016. Photographer: SeongJoon Cho/Bloomberg

Global alternative investment firm Värde Partners raised about $400 million for its first dedicated Asia Credit Fund, exceeding its target of $250 million.

The vehicle – Värde Asia Credit Fund – hit the final close within six months, and has the ‘flexibility to invest across corporate credit, special situations lending and stressed and distressed real estate investments throughout Asia Pacific’, the firm said in a statement.

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