White Whale

MAPPING UNTAPPED SEAS

A private market secondary transaction allows investors to buy and sell stakes before major liquidity events like an IPO.

As one of India's first secondaries funds, White Whale is charting new waters in this largely unexplored territory.

Sailing towards high-growth private
companies primed for an IPO

Direct secondaries
approach

Access to market-leading late-stage private companies poised for success.
Invest at rational private market valuations

Invest at rational private market valuations capitalizing on the ongoing funding winter.
Exit
Visibility

Navigate towards IPO-ready companies with clear exit timelines within 36 months.

THE LIQUIDITY CHALLENGE

Investments funds have a fixed life span, requiring timely exits
However, fund managers often struggle to exit investments before the end of their fund tenors
Low distributions by fund managers are leading to growing exit pressures
Only 57% of paid-in capital has returned to Fund Investors / AIF Investors

The sample size includes Indian VC and PE Funds (AIFs) investing only in equity schemes and as per criteria benchmark considered from vintages FY14 to FY21 and completed 1 year from first close.

Source: CRISIL

White Whale’s
Secondaries Solution

One of India's first secondaries funds providing exits to:

Early-investors seeking profitable exits

VC, PE, and Venture Debt Funds managing limited investment tenures

Employees unlocking wealth through ESOP liquidation

“We are actively capitalizing on a generational buying opportunity for secondaries. With the continued exponential growth in private markets, investors increasingly look to secondary buyers to help them actively manage their private equity portfolios”

Ardian, Global Secondaries Leader

“The increasing prevalence of secondaries as a key pillar of alternative asset allocation points to a promising long-term growth outlook.”

Jeremy Coller, CIO and Managing Partner of a Leading Secondaries Platform

“Secondary transactions will be a catalyst this decade for PE-VC activity in India by facilitating liquidity, attracting new investors, optimizing portfolios, enabling exits, and expanding the deal pipeline.”

- Rajat Tandon, President, IVCA

White Whale Secondaries Fund

MAPPING UNTAPPED SEAS

Sailing towards high-growth private
companies primed for an IPO

Direct secondaries
approach

Invest at rational private market valuations

Exit
Visibility

THE LIQUIDITY CHALLENGE

White Whale’s
Secondaries Solution

One of India's first secondaries funds providing exits to:

Early-investors seeking profitable exits

VC, PE, and Venture Debt Funds managing limited investment tenures

Employees unlocking wealth through ESOP liquidation

White Whale has the edge to win in secondaries

Super Track Record in
Early-Growth Stage Investing

Deep Experience in Public
Markets Investing

Prior Investment Banking Experience (Lehman Brothers, Barclays and Nomura)

Significant global
experience in IPOs

White Whale Secondaries Fund

MAPPING UNTAPPED SEAS

Sailing towards high-growth private companies primed for an IPO

Direct secondaries approach

Invest at rational private market valuations

Exit Visibility

THE LIQUIDITY CHALLENGE

White Whale’s Secondaries Solution

One of India's first secondaries funds providing exits to:

Early-investors seeking profitable exits

VC, PE, and Venture Debt Funds managing limited investment tenures

Employees unlocking wealth through ESOP liquidation

White Whale has the edge to win in secondaries

Super Track Record in Early-Growth Stage Investing

Deep Experience in Public Markets Investing

Prior Investment Banking Experience (Lehman Brothers, Barclays and Nomura)

Significant global experience in IPOs

Sailing towards high-growth private
companies primed for an IPO

Direct secondaries
approach

Exit
Visibility

White Whale’s
Secondaries Solution

Super Track Record in
Early-Growth Stage Investing

Deep Experience in Public
Markets Investing

Significant global
experience in IPOs