Investment Strategies Värde invests in five core segments and diverse strategies within each segment. CORPORATE AND TRADED CREDIT This segment comprises restructurings, liquidations and opportunistic traded credit in both corporate and government issued instruments. Strategies may include: Opportunistic credit Restructurings Capital structure arbitrage Liquidations Portfolio hedges FINANCIAL SERVICES This segment focuses on private equity investments in financial services businesses. Sectors may include: Specialty finance Insurance Trust and corporate services Asset management REAL ESTATE This segment focuses on opportunistic and value-add investments in real estate assets (both residential and commercial), operating companies, and real estate secured debt. Strategies may include: Private equity and platform investments Residential land acquisition and development Homebuilding Asset repositioning of hotels, offices, and retail Acquisition or management of NPL or distressed asset portfolios REAL ASSETS & INFRASTRUCTURE This segment comprises private credit and asset-level equity investments in energy, transportation and related industries. Strategies may include: Upstream and midstream energy Shipping Aviation Infrastructure MORTGAGES Värde is a leading investor in commercial and residential mortgages including new originations, secondary loans and portfolios, securities and servicing. Strategies may include: New origination of commercial mortgages CRE CLOs and CMBS Private equity, servicing, and platform investments Residential mortgages and securities Investment Principles Värde applies a set of core principles to opportunities across the firm’s investing platform. The process, discipline and rigor draw on the firm’s long history in the investing business. The key tenets of Värde’s investment philosophy are: Market Inefficiency Search opportunistically for complex situations in less efficient markets where there is an imbalance in the supply of, and demand for, capital Unlock Value Flexibility Downside Protection Relative Value Institutional Operating Model Värde’s institutional operating model supports its investing activities around the world by aligning key business functions and teams. Our Investors Värde provides investment services to a wide array of investors from around the globe. Värde employees speak over 30 languages See more facts ©Värde Partners, 2021 Legal Notice and Disclosures