Varde Liquid Credit Fund, L.P. is a hedge fund based in Minneapolis, Minnesota. According to its most recent Form D, filed Aug 28, 2026, the fund has sold $11,800,000 of interests to 5 investors since its first sale in Aug 2023. The minimum investment it accepts from an outside investor is $1. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Shannon Gallagher; Varde Liquid Credit Fund UGP, LLC; Francisco Milone.
Performance
No verified returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to AltMountain directly.
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- Total raised
- $11,800,000Cumulative sales reported on Form D
- Investors
- 5
- First sale
- Aug 31, 2023
- Minimum investment
- $1
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Shannon Gallagher; Varde Liquid Credit Fund UGP, LLC; Francisco Milone
- Latest Form D
- Aug 28, 2026
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Varde Liquid Credit Fund, L.P.
What is the minimum investment for Varde Liquid Credit Fund, L.P.?
According to its latest Form D, filed Aug 28, 2026, the minimum investment Varde Liquid Credit Fund, L.P. accepts from an outside investor is $1.
Who can invest in Varde Liquid Credit Fund, L.P.?
Varde Liquid Credit Fund, L.P. is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has Varde Liquid Credit Fund, L.P. raised?
Varde Liquid Credit Fund, L.P. reports $11,800,000 sold from 5 investors on its Form D filed Aug 28, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Varde Liquid Credit Fund, L.P. based?
Varde Liquid Credit Fund, L.P. is based in Minneapolis, Minnesota.
When did Varde Liquid Credit Fund, L.P. launch?
Varde Liquid Credit Fund, L.P. reports its first sale in Aug 2023, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every hedge fund
Raised more than 31% of the 70 hedge funds based in Minnesota, and more than 23% of all 10,308 that report sales.