Robard seeks $300m for debut fund

Whitehorse Liquidity Partners, the private equity firm run by CPPIB's former secondaries head, launched its first fund this month.

Yann Robard’s Whitehorse Liquidity Partners has hit the market with its debut fund, about six months after the former head of secondaries at the Canada Pension Plan Investment Board (CPPIB) launched his own firm.

The Toronto-based firm is seeking at least $300 million for Whitehorse Liquidity Partners I, according to a 10 March filing with the US Securities and Exchange Commission. The firm has not yet raised any capital for the fund and is not using a broker, according to the filing.

Robard launched Whitehorse Liquidity in the second half of 2015 with another partner from a Canadian pension fund, according to a source familiar with the matter, although it is not clear who that partner is.

Whitehorse Liquidity’s strategy will include a focus on credit, similar to London firm 17 Capital’s approach, Secondaries Investor understands.

Robard left CPPIB, one of the world’s largest pension funds, at the end of July, as Secondaries Investor reported. He was not immediately available to comment.