Founded in 2004, Headway Capital is an independent investment firm providing a full range of liquidity solutions to investors seeking exits or alternatives for their private equity assets.
Headway Capital purchases limited partnership positions in private equity funds, portfolios of direct private equity investments, and minority stakes in single companies. Headway Capital also leads and participates in tail end transactions, provision of liquidity facilities for private equity portfolios, fund restructurings and GP led transactions. We specialise in small to mid size secondary transactions (< €50 million) and invest globally with a focus on Western Europe and North America.Headway Capital provides effective, customised liquidity solutions tailored to meet each seller's unique needs and objectives. We have significant experience structuring and executing complex secondary transactions, particularly secondary direct portfolios and structured secondary transactions.
Headway Capital has a broad investment mandate and invests across all geographies, sectors and investment stages which allows us to provide liquidity solutions for a full range of private equity assets:
Headway Capital understands that each seller is different and focuses on creating effective solutions tailored to meet each seller’s unique needs and objectives.
All types of private equity investors actively use the secondary market to achieve liquidity for a wide range of strategic and financial reasons:Sellers |
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Reasons for Selling |
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From a seller's perspective, Headway Capital's broad secondary investment mandate enables us to provide liquidity for all types of private equity investments: portfolios of direct investments, co-investments and limited partnership positions. Headway Capital invests across all geographies, industry sectors and investment stages from venture to buyout. Leveraging our deep experience in structuring secondary transactions, Headway Capital works in partnership with sellers to understand their unique needs and objectives in order to create mutually beneficial solutions through tailored solutions. We also pride ourselves on our ability to efficiently and effectively evaluate and execute any type of secondary investment opportunity.
Headway Capital provides a unique secondary investment opportunity for investors and focuses on developing value-added long term investor relationships.
Headway Capital currently advises 5 funds and several co-investment vehicles with over $850 million of combined commitments and has additional co-investment capital available from its investors. All funds are focused on private equity secondary transactions:
Headway Capital understands general partners’ concerns and is a supportive replacement limited partner, value-added business partner and liquidity provider.
General partners are increasingly participating in secondary transactions, either indirectly through LP position transfers within their funds and co-investment transfers within their portfolio companies or directly through sales of their own tail end fund portfolios. Headway Capital's broad secondaries mandate and long experience makes us an ideal partner in any of these situations.Headway Capital has deep experience in evaluating and executing secondary purchases of direct portfolios and has already provided liquidity to a number of general partners by purchasing their tail end fund portfolios. Headway Capital has a flexible approach and can continue to retain a general partner for ongoing management of a tail end portfolio or, if required, Headway Capital is able to provide skilled, board-level oversight through outsourced third party managers. If required, Headway Capital is also able to support portfolio companies with additional follow-on investment.
Headway Capital is a supportive investor in various GP led transactions, including fund restructurings. Given Headway Capital’s broad mandate and experience in all types of secondary transactions, we can be a valuable partner in structuring transactions to meet a GP’s goals.
Headway Capital also purchases co-investments or minority stakes in single portfolio companies who have at least one established private equity or venture capital investor. Certain co-investors may prefer a different timeline to exit than a lead private equity investor and Headway Capital is a supportive replacement co-investor.
Headway Capital is a helpful replacement limited partner who has no conflicts of interest and who may be supportive in future fund raisings through our unique investor base. Headway Capital is able to execute LP position transfers efficiently and is currently a replacement LP in a number of venture capital, private equity and infrastructure funds and funds of funds in Europe, the US and abroad.
Headway Capital is an ideal secondary partner for investors, sellers, general partners and portfolio companies.
Having closed over 90 secondary transactions, Headway Capital offers certainty of closure, efficiency of process, fast reaction and skilled execution.
Headway Capital is dedicated to building long term relationships and often works with repeat sellers and repeat secondary direct managers.
Ulrich joined Headway Capital in April 2009 as an Associate. Prior to joining Headway Capital, Ulrich was part of the European Growth Capital team of 3i in Frankfurt and London. Before 3i, Ulrich worked at Calyon Credit Agricole CIB in the Leveraged Finance department in Frankfurt. Ulrich received a Master degree in Business Administration from Mannheim University, Germany and a Master of Business Administration from Colorado State University, USA. Ulrich is German; he is fluent in English and German.
Sebastian is a founder of Headway Capital. Prior to Headway Capital, Sebastian was part of the investment team of Coller Capital where he sourced, evaluated and closed private equity secondary investments. Before Coller Capital, Sebastian worked in cross-border merger and acquisitions at J.P. Morgan in New York. He started his career as a direct investment professional at the International Finance Corporation.
Sebastian received a Master of Business Administration and a Bachelor of Science with honours in Economics from The Wharton School, as well as a Master of Arts in International Studies, all at the University of Pennsylvania. Sebastian is Spanish-French; he is fluent in English, Spanish, French and Portuguese and proficient in Italian.
Christiaan is a founder of Headway Capital. Prior to Headway Capital, Christiaan was part of the investment team of Coller Capital where he sourced, evaluated and closed private equity secondary investments. Before Coller Capital, Christiaan worked in Citigroup's Alternative Investments Strategies group in London. Christiaan started his career in the corporate banking department of Citibank where he worked in both London and New York.
Christiaan has a Bachelor's degree in Economics, Business and Law and a Master of Business Administration from the University of St. Gallen, Switzerland and is a CFA charterholder. Christiaan is Swiss-Dutch; he is fluent in English, French and German.
Rina joined Headway Capital in April 2006. Prior to Headway Capital, Rina worked for Inter Credit International Limited as an Accounts Manager. She started her career at Pickfords Business Travel Limited. Rina has a BTEC National Diploma in Finance and Business Studies from Enfield College, London. Rina is British; she is fluent in English and Italian.
Amelia joined Headway Capital in July 2020 as Investor Relations Manager. Prior to joining Headway, Amelia worked at Informa where she researched and directed large-scale private equity conferences in Europe, U.S. and emerging markets, as part of the SuperReturn series. The role involved managing relations with limited partners, general partners and intermediaries globally. Amelia received a first-class degree in Biological Sciences from the University of Exeter.
Agne joined Headway Capital in March 2015. She was previously a Senior Fund Accountant at Ipes UK, the private equity fund administrator. Prior to that, Agne was a Finance and Portfolio Executive at 3i. Agne has a Bachelor's degree in Accounting and Financial Management and is a Chartered Certified Accountant. Agne is Lithuanian; she is fluent in English, Lithuanian and Russian.
Laura is a founder of Headway Capital. Prior to Headway Capital, Laura was part of the investment team of Coller Capital where she sourced, evaluated and closed private equity secondary investments. Before Coller Capital, Laura was a direct investor in leveraged buyouts for Bain Capital in Boston. She started her career in the leveraged finance group of Goldman Sachs in New York. Laura received a Master of Business Administration from Harvard Business School, where she was a Siebel Scholar and a Bachelor of Arts with high honours in Economics and Political Science from Amherst College. Laura is Chinese-American; she is fluent in English and proficient in Mandarin and French.
Lawrence joined Headway Capital in October 2018 as an Analyst. Prior to joining Headway, Lawrence worked at the European Bank for Reconstruction and Development where he focused on the direct financing of SMEs. Lawrence received a Master in Management from Imperial College Business School, graduating with distinction, and a BSc with honours in Economics from the University of Essex. Lawrence is Italian-British; he is fluent in English, Italian and Spanish.
Clare joined Headway Capital in January 2009 as an Management Accountant. Prior to joining Headway Capital, Clare was the Management Accountant for P&O Travel Ltd, a corporate travel agency under the Carnival Group. Clare is a qualified Accounting Technician and Chartered Certified Accountant. Clare is British.
Zoe joined Headway Capital in January 2009 as an Associate. Prior to joining Headway Capital, Zoe worked in the Financial Sponsors, General Industrials and Infrastructure Mergers and Acquisitions groups of Dresdner Kleinwort in London. Zoe received a Bachelor's degree in Natural Sciences (specialising in Chemistry) from Cambridge University, where she was a member of Emmanuel College. Zoe is British.
Headway Capital Partners LLP
250 Tottenham Court Road
London
W1T 7QZ
Main : +44 20 7518 8888
Fax : +44 20 7900 3160
E-mail : info@headwaycap.com
HCP US, Inc.
30 Monument Square, Suite 302
Concord, MA 01742
Main : +1 617 899 8946