Headway closes €150m secondaries fund

All the investors in the company’s €52m debut fund have returned, three years after the team left Coller Capital to set up on its own.

Headway Capital Partners, the UK secondaries firm which span out of Coller Capital, has closed its second fund at its hard cap of €150 million ($232.8 million) exceeding its target of between €100 million to €120 million.

The fund is nearly triple its €52 million first fund raised in June 2005. All of the investors in the debut fund also committed to the second fund.

The company pursues investments including limited partnership positions in private equity funds, portfolios of direct private equity investments and minority positions in single companies. The firm received all its investments from family offices or high net-worth individuals.

Headway was founded in early 2004 by Laura Shen Lefranc, Christiaan de Lint and Sebastian Junoy, all formerly of Coller Capital. The firm said in a statement it differentiates itself from other secondaries buyers by focusing on smaller transactions.