Värde Partners, a global alternative investment firm, has appointed Brad Bauer has joined to lead the firm as Co-Chief Executive Officer, along with current CEO Ilfryn Carstairs.

Bauer has over 20 years of experience in the alternatives industry and has held various investing and business leadership roles since joining Värde in 2007. He will continue to oversee Värde’s private markets investing as Co-CEO.

“Värde has operated with co-leaders at the helm for much of the firm’s history, and we believe this structure reflects the realities of running the business today during a dynamic period in the industry,” George G. Hicks, Co-Founder and Co-Executive Chair of Värde was quoted saying.