SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* GOLDMAN SACHS GROUP INC/ (Last) (First) (Middle) 85 BROAD ST (Street) NEW YORK NY 10004 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 07/24/2007	3. Issuer Name and Ticker or Trading Symbol VALIDUS HOLDINGS LTD [ VR ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Shares	14,057,137	I	See(1)(2)(3)(4)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrants to purchase Common Shares	(5)	12/12/2015	Common Shares	1,604,410.1	$17.5	I	See(1)(2)(3)(4)

1. Name and Address of Reporting Person* GOLDMAN SACHS GROUP INC/ (Last) (First) (Middle) 85 BROAD ST (Street) NEW YORK NY 10004 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* GOLDMAN SACHS & CO (Last) (First) (Middle) 85 BROAD STREET (Street) NEW YORK NY 10004 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* GSCP V AIV, L.P. (Last) (First) (Middle) 85 BROAD STREET 10TH FLOOR (Street) NEW YORK NY 10004 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* GS Capital Partners V Employee Fund, L.P. (Last) (First) (Middle) 85 BROAD STREET 10TH FLOOR (Street) NEW YORK NY 10004 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* GS CAPITAL PARTNERS V OFFSHORE FUND LP (Last) (First) (Middle) 85 BROAD STREET (Street) NEW YORK NY 10004 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* GS CAPITAL PARTNERS V GmbH & CO KG (Last) (First) (Middle) 85 BROAD STREET (Street) NEW YORK NY 10004 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* GSCP V Institutional AIV, L.P. (Last) (First) (Middle) 85 BROAD STREET 10TH FLOOR (Street) NEW YORK NY 10004 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* GS Private Equity Partners 1999, L.P. (Last) (First) (Middle) 85 BROAD STREET 10TH FLOOR (Street) NEW YORK NY 10004 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* GS Private Equity Partners 1999 Offshore, L.P. (Last) (First) (Middle) 85 BROAD STREET 10TH FLOOR (Street) NEW YORK NY 10004 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* GS Private Equity Partners 1999 - Direct Investment Fund, L.P. (Last) (First) (Middle) 85 BROAD STREET 10TH FLOOR (Street) NEW YORK NY 10004 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. See Exhibit 99.1 for text of footnote 1.

2. Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in triplicate.

3. See Exhibit 99.1 for text of footnote 3.

4. See Exhibit 99.1 for text of footnote 4.

5. The warrants are exercisable at any time prior to December 12, 2015.

	/s/ Roger S. Begelman, attorney-in-fact	07/24/2007
	/s/ Roger S. Begelman, attorney-in-fact	07/24/2007
	/s/ Roger S. Begelman, attorney-in-fact	07/24/2007
	/s/ Roger S. Begelman, attorney-in-fact	07/24/2007
	/s/ Roger S. Begelman, attorney-in-fact	07/24/2007
	/s/ Roger S. Begelman, attorney-in-fact	07/24/2007
	/s/ Roger S. Begelman, attorney-in-fact	07/24/2007
	/s/ Roger S. Begelman, attorney-in-fact	07/24/2007
	/s/ Roger S. Begelman, attorney-in-fact	07/24/2007
	/s/ Roger S. Begelman, attorney-in-fact	07/24/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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