Toronto-based Whitehorse Liquidity Partners, a private equity firm that specializes in making preferred equity investments in private equity portfolios, closed its second private equity secondary fund at a hard cap of $1 billion, according to a press release.
Fund II’s target was $800 million.
The firm’s investor base includes top insurance firms, public and corporate pension plans, family offices, financial institutions and individual investors.
Kirkland & Ellis provided legal counsel for Whitehorse and Fund II.
In May 2017, Whitehorse raised $400 million for Fund I. No performance data was available on the fund.
Founded in 2015, Whitehorse is led by Managing Partner Yann Robard, a former head of secondaries and co-investments at Canada Pension Plan Investment Board.