News & Analysis

Whitehorse taps AlpInvest, KBRA to expand distribution capabilities

The appointments bring the firm's headcount to 170 employees globally across its Toronto and London offices.

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Whitehorse Liquidity Partners has made two senior hires to head up private wealth and structured products as it seeks to expand its distribution capabilities.

Joe Gallitano joins as a senior principal and will take on the role of head of private wealth, according to a statement. Gallitano joins from AlpInvest Partners, where he was a principal within the Carlyle Group unit’s investor relations team.

He joined the firm in 2020, according to his LinkedIn profile, and was responsible for the development of its private wealth products and initiatives. He has also worked at HarbourVest Partners, Partners Group and Goldman Sachs Asset Management, his LinkedIn profile shows.

Whitehorse has also hired Pramit Sheth as a senior principal to lead structured products, the statement said. Prior to his appointment, Sheth was a senior managing director and global head of Kroll Bond Rating Agency’s investment funds group. He had been with KBRA since 2011, his LinkedIn shows.

Gallitano and Sheth will sit within Whitehorse’s capital management team.

The hire of Gallitano and Sheth will “enable us to provide our innovative product suite to a broader cohort of investors”, Whitehorse managing partner Yann Robard said in the statement. The firm is “long opportunity and short capital”, according to Robard. “Our investment into new areas of focus in our capital management team are designed to enable us to stay well capitalised ahead of the vast market opportunity we see ahead of us.”

Whitehorse now has 170 employees globally across its Toronto and London offices, according to the statement.

The preferred equity specialist is in market with its latest flagship raise, seeking $6 billion for Whitehorse Liquidity Partners VI, Secondaries Investor reported in September. At $6 billion, the fund would be about 13 percent larger than its predecessor, which amassed $5.3 billion in a final close in July, beating its $5 billion target. Fund V is the firm’s largest fund to date, according to Secondaries Investor data.