Macfarlanes advises Headway Capital Partners as fourth secondaries fund closes at €372m hard cap

23 October 2019

Macfarlanes has advised London-headquartered secondaries specialist Headway Capital Partners on the raising of its fourth secondaries fund, HIP IV, which has closed after hitting its hard cap of €372m, exceeding its target of €300m.

The fund was oversubscribed, exceeding its target of €300m through strong support from a diverse mix of institutional investors globally including pension funds, asset managers, family offices, high-net-worth individuals and endowments. Seeking to invest globally, HIP IV will focus on western Europe and North America, with a maximum investment size of €50m.

The Macfarlanes team was led by investment management partner Alex Amos with assistance from senior solicitor Jack Mathew. Specialist tax advice was provided by partner James McCredie and solicitor Alex Ereira.

Alex Amos comments “We are pleased to have advised Headway on its largest fund to date, a fund that has already made 10 investments across Europe and the US, and has a further 20 deals in the pipeline”.