Headland Capital Launches $1b Asia Fund

Hong-Kong based Headland Capital Partners has launched its seventh private vehicle, a $1 billion Asia fund,  said a report in the Private Equity International.

This would be a first such launch for Headland Capital Partners as an independent PE firm, said the report, adding that MVision Private Equity Advisers would be the placement agent for this vehicle.

Headland Capital, earlier known as HSBC Private Equity Asia (HPEA) Limited, focuses on investment  in early, mid, and late venture stage companies, middle-market expansion capital, emerging growth, buyout and growth capital and has advised private equity funds with aggregate committed capital of approximately US$2.9 billion, according to its website.

In 2010, Headland’s senior executives acquired 80.1% of HPEA , re-naming the company Headland Capital Partners Limited (Headland or Headland Capital). The HSBC Group retains a 19.9% interest in Headland.

According to Private Equity International, Headland Capital has had a number of exits this fiscal, and in May 2014, it had sold its controlling stake in the serviced office operator The Executive Centre, to another PE firm – CVC Capital Partners – generating 2.5x return, while retaining a minority stake.

Several PE firms have raised large Asia funds this year. Last month, Baring Private Equity Asia closed its sixth Asia Fund with $3.21 billion, crossing its $3 billion target. In September the Carlyle Group closed a $3.9 billion Asian buyout vehicle, surpassing its $3.5 billion target. Similarly, in July, Morgan Stanley’s Asian PE arm raised $1.7 billion as part of its fourth vehicle for this region, ahead of its $1.5 billion target.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.