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 EUR372 million, exceeding its target of EUR300 million.
The fund was oversubscribed, exceeding its target of EUR300m 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 EUR50 million.
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.
Amos says: “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”.
