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.