News & Analysis

Headway makes headway investing Fund III

Headway Capital's Fund III closed at the end of November last year on €175m and is over a quarter invested according to market sources.

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Secondaries firm Headway Capital Partners has invested over one-quarter of its €175 million Fund III, according to two sources with knowledge of the investments. It’s expected to be 50 percent invested by the end of the year.

Headway declined to comment.

Founded in 2004 by Christiaan de Lint, Sebastian Junoy and Laura Shen, who worked together previously at Coller Capital, Headway focuses mainly on purchasing LP stakes in European and US venture and buyout funds, though it does some secondaries directs, too.

Headway closed its first fund on €52 million in 2005. In 2008 it closed its second fund on €150 million and the following year closed a top-up vehicle of $29 million, according to PEI data.