Secondary investor Whitehorse Liquidity Partners has collected $4 billion for its fourth fund, blowing past its target of $3 billion.

The fund, Whitehorse Liquidity Partners IV LP, is double the size of its predecessor, which closed on $2 billion in October 2019. Of the new fund’s 112 investors, 66 are new to Whitehorse, according to Yann Robard, the firm’s founder and managing partner.

Whitehorse Liquidity Partners is a private equity firm focused on providing structured liquidity solutions to the private equity market with transaction values of $6.3 billion.

Source: Wall Street Journal

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