TORONTO–Whitehorse Liquidity Partners, a leading specialized investment manager renowned for its expertise in providing bespoke portfolio financing via structured liquidity solutions to the private equity sector, has announced the final closing of its Whitehorse Liquidity Partners V LP (“Flagship Fund V” or the “Fund”). The Fund’s closing amount surpassed its initial US$5.0 billion target, reaching approximately US$5.3 billion in total commitments when combined with affiliated vehicles. This achievement marks Flagship Fund V as the largest fund raised by Whitehorse Liquidity Partners to date, underscoring the firm’s significant growth and investor confidence.
“The successful closure of our largest fund since our inception, particularly amidst a period marked by market uncertainty and volatility, is a testament to our firm’s strength and the compelling nature of our investment strategy,” stated Yann Robard, Managing Partner at Whitehorse Liquidity Partners. “This fundraise is a clear indication from our investors of the substantial opportunities we foresee in the market and further solidifies our position as a global leader in providing liquidity solutions for private equity portfolios.”
Since its establishment eight years ago, Whitehorse Liquidity Partners has demonstrated remarkable growth. With the closing of Flagship Fund V, the firm has now accumulated US$13.5 billion in commitments, evaluated over US$550 billion in potential opportunities, and successfully deployed over US$18 billion across more than 200 transactions. The team has also expanded significantly, now comprising over 155 professionals.
Mr. Robard further commented on the sustained demand for Whitehorse Liquidity Partners’ specialized services. “Given the current environment where many private equity investors are over allocated and General Partners are actively seeking sophisticated financing options for their balance sheets, we anticipate continued strong demand for our customized portfolio financing solutions. Our innovative approach and the adaptable nature of our solutions are consistently attracting significant interest within the market.”
Michael Gubbels, Partner at Whitehorse Liquidity Partners, highlighted the diverse investor base of Flagship Fund V. “We are pleased to have welcomed commitments from a broad spectrum of institutional investors for Flagship Fund V, including prominent public and corporate pension plans, insurance companies, consultants, family offices, and financial institutions. The success of this fundraise is deeply rooted in the steadfast support of our existing investors, with an impressive 85% re-upping. We are immensely grateful for their ongoing partnership and equally delighted to welcome new investors who have placed their trust in our team, platform, and specialized product offerings.”
Giorgio Riva, Partner at Whitehorse Liquidity Partners, addressed the expanding market opportunity. “Our fund sizes have grown in parallel with the expanding opportunity set we are observing. Having sourced over US$550 billion in potential opportunities since inception, we believe that the continued growth of private capital will drive sustained demand for our bespoke portfolio financing solutions from both limited partners and general partners, further fueling this robust opportunity set.”
Rob Gavin, Partner at Whitehorse Liquidity Partners, spoke to the firm’s global expansion. “Following the successful fundraise for Flagship Fund V, we determined that it was the ideal time to expand our global footprint with the opening of our London office. This strategic move allows us to be closer to our investors, counterparties, and the general partners within our portfolio, enhancing our service and reach.”
Derek Miners, Partner and Chief Operating Officer at Whitehorse Liquidity Partners, emphasized the firm’s commitment to strategic growth. “We are dedicated to scaling our business thoughtfully and strategically to align with the expanding market opportunity. This commitment is reflected in the growth of our team to over 155 professionals and the advancement of our data and technology capabilities. As we continue to scale, we remain focused on fostering a culture of partnership, integrity, and high performance.”
Kirkland & Ellis LLP and Goodmans LLP provided legal counsel to Whitehorse Liquidity Partners and Flagship Fund V.
About Whitehorse Liquidity Partners
Established in 2015, Whitehorse Liquidity Partners is a private equity firm specializing in delivering structured liquidity solutions to the alternative asset class. Whitehorse Liquidity Partners has identified a substantial and largely untapped market opportunity in utilizing structured products to create liquidity within private equity portfolios. To date, Whitehorse Liquidity Partners has raised US$13.5 billion in commitments and deployed over US$18 billion across more than 200 transactions. For further information, please visit www.whitehorseliquidity.com.
Contacts
Isaiah West
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