Managers/Varde Management/Ilfryn, Cheyney Carstairs

Ilfryn, Cheyney Carstairs

Ilfryn, Cheyney Carstairs is co-chief executive officer, co-chief investment officer and limited partner at Varde Management. The firm has 19 funds on file, which have raised $2.6B.

Firm
Varde Management
Title
Co-chief executive officer, co-chief investment officer and limited partner
Funds on file
19
Raised across them
$2.6B

At the firm

TitleCo-chief executive officer, co-chief investment officer and limited partner
Owns5% to 10% of the firm
ControlOne of the people who control the firm
In this position sinceJanuary 2011
Role on the fundsExecutive officer, Promoter
Funds named on16

The firm's funds

VARDE ASIA CREDIT FUND, L.P. Private credit $258.2M
VARDE ASIA CREDIT FUND MASTER, L.P. Private credit $258.2M
VARDE ASIA CREDIT FUND OFFSHORE, L.P. Private credit $258.2M
Varde Private Debt Opportunities Fund (Onshore), L.P. Private credit $275M
VARDE SPECIALTY FINANCE FUND, L.P. Private credit $156.5M
VARDE SPECIALTY FINANCE PARALLEL FUND, L.P. Private credit $156.5M
Varde CRE Lending Fund (Offshore), L.P. Private credit $1.5M Sep 2026
Varde Asia Credit Fund III (Offshore), L.P. Private credit Aug 2026
Varde Asia Credit Fund III, L.P. Private credit Aug 2026
Varde Asset Lending Fund, L.P. Private credit Mar 2026
Varde Asset Lending Fund (Offshore), L.P. Private credit $150M Mar 2026
Varde CRE Lending Fund, L.P. Private credit $162.3M Dec 2025
SALUTE VENTURE II LP Private equity $150.5M Aug 2024
SALUTE VENTURE LP Private equity $131.2M Aug 2024
VARDE ASIA CREDIT FUND II, L.P. Private credit $105.5M Jan 2023
VARDE ASIA CREDIT FUND II MASTER, L.P. Private credit $105.5M Jan 2023
VARDE ASIA CREDIT FUND II OFFSHORE, L.P. Private credit $105.5M Jan 2023
Varde Asset Lending Fund II (Offshore) Feeder, L.P. Private credit $150M Sep 2022
Varde Asset Lending Fund II (Offshore), L.P. Private credit $150M Sep 2022