Whitehorse Liquidity Partners is opening its first base outside its Canadian headquarters as it seeks to raise its largest fund yet.
The preferred equity specialist will set up an office in London by the second quarter of this year, with partner Rob Gavin leading the bureau, according to details shared with Secondaries Investor.
Gavin, who joined Whitehorse in 2016 and was its third employee, will work to grow the firm’s team in Europe and identify opportunities for growth.
Whitehorse will also welcome Chris Miller, a former principal at Rede Partners, who was also involved in investor relations at Abraaj prior to joining the placement agent in London. Miller will join as a senior principal and head of EMEA fundraising.
The demand for liquidity options is growing in Europe and globally, Gavin said in the statement.
Whitehorse has at least 148 employees and has raised more than $12.5 billion in commitments, according to the statement. It has deployed more than $17 billion across 190 transactions.
The firm is seeking $5 billion for its fifth flagship, Whitehorse Liquidity Partners V, for which it has raised at least $4.53 billion, according to Secondaries Investor data.