Hcsf Management, Llc
- Regulatory AUM
- $949M
- Discretionary
- $949M
- Clients
- 10
- Avg AUM / client
- $94.9M
- Accounts
- 10
- Employees
- 13
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Mar 31, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 10 | $949M | 100.0% |
Private funds (5)
Reported in Form ADV Section 7.B.(1), filing of Jun 2024 · $878M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Headlands Capital Secondary Fund Iii, Lp master | Private Equity Fund | Delaware | $331M | 161 |
| Headlands Capital Secondary Fund Iv, Lp master | Private Equity Fund | Delaware | $296M | 130 |
| Headlands Capital Secondary Fund Ii, Lp master | Private Equity Fund | Delaware | $129M | 195 |
| Headlands Strategic Opportunities Fund, Lp | Hedge Fund | Delaware | $118M | 54 |
| Headlands Capital Secondary Fund, Lp | Private Equity Fund | Delaware | $4.1M | 83 |
People (3)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Park, Iii, David, Eugene | Managing Partner | Jan 2007 (20y) | ≈ 56.25% – 100% via Headlands Capital Advisors, Lp | |
| Johanson, Kimberly, Ann Roche | Chief Compliance Officer | Sep 2021 (5y) | Less than 5% | |
| Brown, Cristin, Heather | Chief Financial Officer | May 2024 (2y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Headlands Capital Advisors, Lp | Managing Member | Mar 2012 | A | 75% or more |
| Filbert Partnership, Lp | Member | Jan 2007 | B | ≈ 37.5% – 75% via Headlands Capital Advisors, Lp |
| The Hammersmith Trust | Member | Jan 2007 | B | ≈ 18.75% – 50% via Headlands Capital Advisors, Lp |
| Headlands Capital, Llc | General Partner | Jan 2007 | B | GP / trustee / elected manager of Headlands Capital Advisors, Lp (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Park, Iii, David, Eugene: 75% – 100% of Headlands Capital Advisors, Lp × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Filbert Partnership, Lp: 50% – 75% of Headlands Capital Advisors, Lp × 75% – 100% direct ≈ 37.5% – 75% of the firm
- The Hammersmith Trust: 25% – 50% of Headlands Capital Advisors, Lp × 75% – 100% direct ≈ 18.75% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (5, $878M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Headlands Capital Secondary Fund Iii, Lp | Private Equity Fund | $331M | $5.0M | 161 |
| Headlands Capital Secondary Fund Iv, Lp | Private Equity Fund | $296M | $5.0M | 130 |
| Headlands Capital Secondary Fund Ii, Lp | Private Equity Fund | $129M | $1.0M | 195 |
| Headlands Strategic Opportunities Fund, Lp | Hedge Fund | $118M | $1.0M | 54 |
| Headlands Capital Secondary Fund, Lp | Private Equity Fund | $4.1M | $1.0M | 83 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 2.51 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
Custody
Firm reports having custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 31, 2026.
View current Form ADV (SEC/IAPD) ↗