| The Varde Fund Xiii, L.P. | New York, New York, United States | $1.7B | $10.0M |
| Vp Dislocation Fund II, L.P. | New York, New York, United States | $1.3B | $500K |
| Varde Credit Partners Master, L.P. | New York, New York, United States | $951.2M | $250K |
| The Varde Cardinal Fund, L.P. | New York, New York, United States | $854.4M | $1 |
| The Varde Dislocation Fund, L.P. | New York, New York, United States | $831.5M | $10.0M |
| The Varde Tc Fund, L.P. | New York, New York, United States | $762.5M | $1 |
| The Varde Fraser Fund, L.P. | New York, New York, United States | $722.2M | $1 |
| Varde Investment Partners, L.P. | New York, New York, United States | $591.5M | $5.0M |
| Vccf Sicav-Raif, S.c.a. | New York, New York, United States | $522.8M | $1 |
| Varde Investment Partners (offshore) Master, L.P. | New York, New York, United States | $476.8M | $5.0M |
| The Varde Raya Fund, L.P. | New York, New York, United States | $383.0M | $1 |
| The Varde Skyway 2020 Fund, L.P. | New York, New York, United States | $358.9M | $1 |
| The Varde Subscription Line Fund, L.P. | New York, New York, United States | $339.1M | $5.0M |
| The Varde Fraser Fund (parallel), L.P. | New York, New York, United States | $337.5M | $1 |
| The Varde Fund Xii (master) L.P. | New York, New York, United States | $328.1M | $10.0M |
| The Varde Mortgage Fund II (master), L.P. | New York, New York, United States | $233.0M | $10.0M |
| The Varde Asia Credit Fund Master, L.P. | New York, New York, United States | $230.6M | $5.0M |
| The Varde Asset Lending Fund II (offshore), L.P. | New York, New York, United States | $222.4M | $10.0M |
| The Varde Fund Xiv (master), L.P. | New York, New York, United States | $198.7M | $10.0M |
| The Varde Cre Lending Fund, L.P. | New York, New York, United States | $190.5M | $5.0M |
| The Varde Fund Xi (master), L.P. | New York, New York, United States | $182.2M | $10.0M |
| The Varde Private Debt Opportunities Fund (onshore), L.P. | New York, New York, United States | $179.8M | $10.0M |
| The Varde Specialty Finance Fund, L.p | New York, New York, United States | $173.3M | $10.0M |
| The Varde Mortgage Fund III Master, L.P. | New York, New York, United States | $169.9M | $10.0M |
| The Sunvard Opportunity Fund, L.P. | New York, New York, United States | $168.0M | $160.0M |
| The Varde Fraser Fund Holdco, L.P. | New York, New York, United States | $167.6M | $1 |
| The Varde Asset Lending Fund, L.P. | New York, New York, United States | $165.8M | $5.0M |
| The Varde Skyway Master Fund, L.P. | New York, New York, United States | $155.6M | $100K |
| The Varde Yarra Fund, L.P. | New York, New York, United States | $153.5M | $1 |
| Salute Venture II LP | New York, New York, United States | $152.8M | $1 |
| The Varde Asia Credit Fund II Master, L.P. | New York, New York, United States | $152.4M | $5.0M |
| Salute Venture LP | New York, New York, United States | $130.8M | $1 |
| Mpowered Capital Access Fund I, L.P. | New York, New York, United States | $114.2M | $1 |
| Varde Co-Investment D-5, L.P. | New York, New York, United States | $103.1M | $1 |
| The Varde European Real Estate Fund, L.P. | New York, New York, United States | $91.7M | $10.0M |
| The Varde Fund Vi-A, L.P. | New York, New York, United States | $90.9M | $1.0M |
| The Varde Fund Xiv (parallel Master), L.P. | New York, New York, United States | $79.4M | $10.0M |
| Vicvard L.P. | New York, New York, United States | $75.7M | $1 |
| The Varde Liquid Credit Fund, L.P. | New York, New York, United States | $71.9M | $1.0M |
| The Varde Europe Master Fund, L.P. | New York, New York, United States | $67.1M | $10.0M |
| Varde Co-Investment D-1, L.P. | New York, New York, United States | $63.4M | $1 |
| Varde Co-Investment 2015a, L.P. | New York, New York, United States | $58.5M | $1 |
| The Varde Fund X (master), L.P. | New York, New York, United States | $55.2M | $10.0M |
| Varde Co-Investment 2017a Parallel, L.P. | New York, New York, United States | $47.1M | $1 |
| Varde Co-Investment 2017a, L.P. | New York, New York, United States | $13.4M | $1 |
| The Varde Scratch And Dent Master I-A, L.P. | New York, New York, United States | $11.3M | $10.0M |
| Varde Co-Investment 2016a, L.P. | New York, New York, United States | $4.4M | $1 |
| The Varde Scratch And Dent Master, L.P. | New York, New York, United States | $4.2M | $10.0M |
| Vp Dislocation Fund II A-1, L.P. | New York, New York, United States | $0 | $500K |