VARADERO CAPITAL, L.P.

Thesis

Their investment thesis centers on capital preservation and delivering uncorrelated, risk-adjusted returns through specialized credit markets. They leverage intensive credit analysis, proprietary technology, and creative structuring to identify investments with significant margins of safety, prioritizing asset quality and robust cash flow generation. Their strategies encompass a diverse range of debt securities and financial assets, including residential mortgage-backed securities, CLOs, commercial real estate loans, consumer loans, and assets originated by specialty finance companies. They actively manage portfolios of debt, real estate, asset-backed, and corporate credit investments, with a geographic focus on both U.S. and European opportunities. Varadero also invests in structured products in both original and restructured issuances, and in cash or synthetic form. The firm primarily operates as a hedge fund, managing assets on a discretionary basis. Reported AUM varies across sources, with figures around $2.29 billion and $2.8 billion mentioned.