Whitehorse secures more than half of $1.5 bln Fund III: WSJ

Whitehorse Liquidity Partners has raised more than half of the US$1.5 billion target set for its third secondaries fund, according to a report by the Wall Street Journal.

The Canadian private equity firm has collected at least US$1.9 billion in the past two years, the report said.

Last September, Whitehorse announced the close of its second secondaries fund, Whitehorse Liquidity Partners Fund II, at its US$1 billion hard cap.

The Toronto-based firm was founded in 2015 by Managing Partner Yann Robard, who previously led the secondaries and co-investments program of Canada Pension Plan Investment Board.

Whitehorse specializes in making preferred equity investments in private equity portfolios.

Photo: Yann Robard, founder and managing partner of Whitehorse Liquidity Partners.