Robard's Whitehorse at least halfway to target

The firm founded by the former head of secondaries at the Canada Pension Plan Investment Board Yann Robard received a boost from the Alaska Permanent Fund Corporation.

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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