Private Equity’s Slump Propels a Firm That’s Ready to Offer Cash
- Epic bike ride leads Whitehorse’s Robard to new financing firm
- Plan provides LP holders liquidity amid drought of exit deals
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Private equity can seem a little too private when investors are trying to raise cash in a down market and no one comes forward with decent bids on their stakes. Yann Robard of Whitehorse Liquidity Partners is offering them a way out.
Robard is selling a twist on the age-old theme of trading away future rewards for money in hand now — investors get a cash advance tied to their stakes if they’ll give Whitehorse a cut of the upside on their holdings.