Varadero Capital, L.P.
- Regulatory AUM
- $2.3B
- Discretionary
- $2.3B
- Clients
- 17
- Avg AUM / client
- $135M
- Accounts
- 15
- Employees
- 27
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Mar 30, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 9 | $1.7B | 74.5% |
| Insurance companies | 6 | $552M | 24.1% |
| Corporations and other businesses | 2 | $33.7M | 1.47% |
Private funds (3)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $1.7B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Varadero Master Fund, L.P. master | Hedge Fund | Cayman Islands | $1.6B | 148 |
| Varadero Special Opportunities Master Fund, L.P. master | Other Private Fund | Cayman Islands | $138M | 17 |
| Varadero Employee Partners Program, Llc | Private Equity Fund | Delaware | $939K | 14 |
People (4)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Guerrero, Fernando, Moises | Chief Investment Officer | Sep 2009 (17y) | ≈ 37.5% – 75% via Guerrero Family Interests, Llc | |
| Chan, Peter | Chief Financial Officer | Jun 2014 (12y) | Less than 5% | |
| Cohen, Rory, Mitchell | General Counsel | Jul 2015 (11y) | Less than 5% | |
| Linn, Michael, Joseph | Chief Operating Officer/Chief Compliance Officer | Aug 2015 (11y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Guerrero Family Interests, Llc | Limited Partner | Jul 2021 | A | 75% or more |
| Varadero Gp, Llc | General Partner | Sep 2009 | A | Less than 5% |
| Vc Partnership Interests, Llc | Limited Partner | Jul 2021 | A | Less than 5% |
| Fernando Guerrero 2012 Family Trust | Non Voting Member | Dec 2012 | B | ≈ 14.06% – 50% via Fmg Investments, Llc |
| Fmg Investments, Llc | Non Voting Member | Jul 2021 | B | ≈ 18.75% – 50% via Guerrero Family Interests, Llc |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Guerrero, Fernando, Moises: 50% – 75% of Guerrero Family Interests, Llc × 75% – 100% direct ≈ 37.5% – 75% of the firm
- Fernando Guerrero 2012 Family Trust: 75% – 100% of Fmg Investments, Llc × 25% – 50% of Guerrero Family Interests, Llc × 75% – 100% direct ≈ 14.06% – 50% of the firm
- Fmg Investments, Llc: 25% – 50% of Guerrero Family Interests, Llc × 75% – 100% direct ≈ 18.75% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (3, $1.7B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Varadero Master Fund, L.P. | Hedge Fund | $1.6B | $1.0M | 148 |
| Varadero Special Opportunities Master Fund, L.P. | Other Private Fund | $138M | $1.0M | 17 |
| Varadero Employee Partners Program, Llc | Private Equity Fund | $939K | $1.0K | 14 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/30/2026 | 2.02 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- BNY Mellon $580M (25% of AUM) Mar 2026
- Northern Trust $4.9M (0% of AUM) Mar 2026
- State Street $679K (0% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 30, 2026.
View current Form ADV (SEC/IAPD) ↗