Yann Robard, the former head of secondaries at the Canada Pension Plan Investment Board (CPPIB), has launched a new secondaries firm, Whitehorse Liquidity Partners, Secondaries Investor has learned.
Robard recently created the firm with another partner from a Canadian pension fund, according to a source familiar with the matter, although it is not clear who that person is.
The firm has not yet started raising its debut fund, the source added.
Robard is listed as managing partner at the company, according to a newly-created LinkedIn profile, and his speaker profile at the 17th Canadian Private Equity Summit website also lists him as joining Whitehorse after spending 13 years at CPPIB.
It wasn’t clear when Robard launched Whitehorse or what specific strategies the firm will focus on.
Another source suggested the firm’s strategy would include a focus on credit, similar to 17 Capital’s approach.
Robard left CPPIB, one of the world’s largest pension funds, at the end of July, Secondaries Investor reported.
At CPPIB, Robard was responsible for a 15-member team investing in secondaries and co-investments on a global basis, and established its principal secondary programme, according to his speaker profile. Prior to joining the pension fund, he worked at Paul Capital Partners, CIBC World Markets and at JPMorgan Chase, according to CPPIB’s website.
Robard was replaced by Michael Woolhouse, a senior principal in the funds, secondaries and co-investments division.
Robard was not immediately available to comment.