Whitehorse Liquidity Partners: Fund V Exceeds $5 Billion Target and Closes Successfully

Whitehorse Liquidity Partners, a specialized investment manager focused on providing customized portfolio financing through structured liquidity solutions for private equity portfolios, has announced the successful final close of its flagship fund, Flagship Fund V. The fund exceeded its target of $5 billion and closed on approximately $5.3 billion in total commitments, making it Whitehorse's largest fund to-date.

Managing Partner of Whitehorse, Yann Robard, expressed his excitement about the achievement, stating, "Closing our largest fund since inception, through a period of uncertainty and market volatility, is a remarkable achievement." He attributed the success to the recognition by investors of the vast opportunity set ahead and the company's position as a leading liquidity solutions provider for private equity portfolios.

With the closing of Flagship Fund V, Whitehorse has now raised $13.5 billion in commitments, sourced over $550 billion of potential opportunities, deployed over $18 billion across over 200 transactions, and grown to over 155 professionals since its inception only eight years ago.

Robard believes that the demand for customized portfolio financing solutions will remain high as many private equity investors remain overallocated to the asset class and seek thoughtful financing providers for their balance sheets. He emphasized the innovative approach and flexibility of Whitehorse's solutions, which continue to garner significant interest in the market.

Michael Gubbels, a Partner at Whitehorse, shared that Flagship Fund V attracted commitments from a diverse range of institutional investors, including leading public and corporate pension plans, insurance companies, consultants, family offices, and financial institutions. He expressed gratitude for the unwavering support from existing investors, with 85% of them recommitting. Gubbels also welcomed new investors who placed their confidence in Whitehorse's people, platform, and product.

Giorgio Riva, another Partner at Whitehorse, highlighted the growing opportunity set for the company as their funds continue to expand. Whitehorse has sourced over $550 billion of potential opportunities since its inception. Riva believes that as private capital grows, the demand for bespoke portfolio financing solutions by limited partners and general partners will continue to fuel this opportunity set.

In line with its expansion plans, Whitehorse recently opened a London office. Rob Gavin, a Partner at Whitehorse, commented on the strategic timing of this move, stating, "As we finished raising Flagship Fund V, we thought it was the opportune time to go global and open up our London office." The London office will allow Whitehorse to stay close to investors, counterparties, and the general partners in their portfolio.

Derek Miners, a Partner and Chief Operating Officer at Whitehorse, emphasized the company's commitment to scaling the business thoughtfully and strategically. He noted the growth of the team to over 155 professionals and the advancement of their data and technology capabilities. Miners stated, "As we scale, we intend to do so with a focus on promoting a culture of partnership, integrity, and performance."

Whitehorse received legal counsel from Kirkland & Ellis LLP and Goodmans LLP for the closing of Flagship Fund V.

About Whitehorse Liquidity Partners:

Whitehorse Liquidity Partners was formed in 2015 as a private equity firm specializing in structured liquidity solutions for the alternative asset class. The company has raised $13.5 billion in commitments and has deployed over $18 billion across over 200 transactions. For more information, please visit www.whitehorseliquidity.com.