Headland suspends fundraising on seventh pan-regional fund
Headland Capital Partners has suspended fundraising for its seventh fund in order to focus on generating returns from its existing portfolios.
Fund VII launched last year with a target of approximately $1 billion. It marked the private equity firm's first fundraising since spinning out from HSBC in 2010.
According to a source familiar with the situation, while a large amount of interest was shown by existing and prospective LPs in Headland's middle market strategy, it was decided that the firm and its investors would be best served by the team focusing more fully on developing the existing funds' track records.
Three funds - including The Headland Private Equity Fund 6, which closed in 2008 at $1.47 billion - currently hold 14 portfolio investments between them, and Headland expect to realize these during the coming years.
The Headland team has been investing in Asia since 1989, with recent funds targeting deals of $40-200 million in Greater China, Southeast Asia and South Korea.
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