PRINT THIS PAGE Headway Capital closes second secondaries fund on €150m01/05/2008. Source: AltAssets. 
UK secondaries firm Headway Capital Partners has closed its second fund, Headway Investment Partners II, on its hard cap of €150m. The fund had an original target of €100-120m. It held interim closings in October 2007 and February of this year. Investors mainly comprise family offices and also high-net-worth individuals.
HIP II pursues a range of secondary investments including purchases of limited partnership positions in private equity funds, portfolios of direct private equity investments and minority positions in single companies. While the fund invests globally, it focuses primarily on European and North American assets.
Sebastian Junoy, partner, Headway Capital, said, 'We are very grateful for the extraordinary support and vote of confidence from investors in our first fund, all of whom committed to our second fund. We are also pleased to welcome a great group of new family office investors with whom we look forward to developing strong relationships.'
Christiaan de Lint, partner, Headway Capital, added, 'With its second fund, Headway will continue to provide a full range of solutions to investors with specific liquidity needs, often on the smaller and more complex end of the spectrum. These investors typically find their needs underaddressed by larger secondaries buyers, but we work closely with them to structure and execute attractive secondary transactions that achieve their goals.'
Headway Capital, founded in early 2004 by Laura Shen Lefranc, de Lint and Junoy, closed its debut secondaries fund, Headway Investment Partners, on €52m in June 2005.
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