Whitehorse Liquidity Partners, the firm founded by former head of secondaries at the Canada Pension Plan Investment Board Yann Robard, is at least halfway to its $300 million target after about a year of fundraising.
During the fourth quarter of last year, Alaska Permanent Fund Corporation closed a $100 million cornerstone commitment to Whitehorse Liquidity Partners I and its affiliates, according to materials from the public pension fund’s 22-23 February meeting.
The document shows the corporation, which manages around $50 billion in assets on behalf of Alaska Permanent Fund, held phone calls with Toronto-based Whitehorse as early as 12 October for a fund investment opportunity.
This anchor commitment follows a $50 million commitment from an unspecified limited partner documented in an updated regulatory filing with the US Securities and Exchange Commission from May, which also indicated the fund is targeting $300 million.
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