| File:Heptagon Capital logo.svg | |
Company type | Limited liability partnership |
|---|---|
| Industry | Investment management |
| Founded | 2005 |
| Founders | Eran Ben-Zour
Tarek Mooro Fredrik Plyhr |
| Headquarters | 63 Brook Street, Mayfair, , United Kingdom |
Area served | Worldwide |
| Products | Discretionary portfolio management, UCITS funds, investment advisory |
| AUM | US$16.6 billion (as of May 2026[update]) |
Number of employees | ~50 |
| Website | heptagon-capital |
Heptagon Capital is a London-based independent investment management firm founded in 2005. The firm provides discretionary portfolio management and investment advice to institutional clients, family offices and ultra high-net-worth individuals, and operates an Irish-domiciled UCITS fund platform that hosts both in-house investment strategies and externally sub-advised funds.Phillipps, James (15 May 2014). "Profile: how Heptagon Capital is winning HNW platform business". Citywire Wealth Manager. Retrieved 27 May 2026."Heptagon launches three new UCITS funds for Chicago and California based managers". Hedgeweek. 15 February 2017. Retrieved 27 May 2026. As of May 2026 the firm reported approximately US$16.6 billion in assets under management or advisement."Heptagon Capital — Independent investment management". Heptagon Capital. Retrieved 27 May 2026."Fund manager profile: 'We put a lot of emphasis on innovation,' says Heptagon Capital's Alexander Gunz". IR Impact. 22 November 2024. Retrieved 27 May 2026.
History
editHeptagon Capital was founded in 2005 by Eran Ben-Zour, Tarek Mooro and Fredrik Plyhr, three former directors of Morgan Stanley."Heptagon Capital expands private client business". Portfolio Adviser. 28 April 2014. Retrieved 27 May 2026. The firm is registered in the United Kingdom as Heptagon Capital LLP and was authorised by the Financial Conduct Authority on 28 July 2005."HEPTAGON CAPITAL LLP — Company number OC307355". Companies House. Government of the United Kingdom. Retrieved 27 May 2026."HEPTAGON CAPITAL LLP — Firm Reference Number 403304". Financial Services Register. Financial Conduct Authority. Retrieved 27 May 2026.
Heptagon's Irish UCITS umbrella, the Heptagon Fund ICAV, was authorised by the Central Bank of Ireland on 11 November 2010."Collective Investment Scheme Register — Heptagon Fund ICAV (C67289)". Central Bank of Ireland Fund Register. Retrieved 27 May 2026. By mid-2014 the platform had attracted approximately US$3 billion in assets and total firm assets had grown to roughly US$8.5 billion. In February 2017 Heptagon launched three additional UCITS funds in partnership with Driehaus Capital Management and WCM Investment Management, raising approximately US$190 million across the launches; firm-wide assets stood at approximately US$9 billion at that time.Hastings, Kirsten (16 February 2017). "Heptagon Capital adds trio of Dublin Ucits to range". International Adviser. Retrieved 27 May 2026.
In September 2023 Heptagon announced the appointment of Greg Morris (formerly of Abrdn) as head of sales, alongside Michael Eriksson as vice-president in its Stockholm office and Rachel Neill as head of sustainability; at that time the firm reported approximately US$13.4 billion under management or advisement."Heptagon Capital announces new hires" (PDF). Heptagon Capital. 12 September 2023. Retrieved 27 May 2026. The firm publicly cited US$14.4 billion under management or advisement in late 2024 and approximately US$16.6 billion by May 2026.
Operations
editHeptagon Capital provides discretionary portfolio management and investment advice to institutional clients, family offices and ultra-high-net-worth individuals. The group's affiliated Maltese entity, Heptagon Capital Limited, is licensed by the Malta Financial Services Authority and acts as investment manager to the Heptagon Fund ICAV, with Heptagon Capital LLP acting as distributor."Explore our UCITS Funds". Heptagon Capital. Retrieved 27 May 2026.
The firm's chief investment officer, Arnaud Gandon, has described Heptagon as an independent boutique combining active fundamental investment strategies with rules-based approaches.Bliss, Suzie (2 July 2015). "Heptagon's Arnaud Gandon on the benefits of being small". Citywire Wealth Manager. Retrieved 27 May 2026.
Offices
editHeptagon Capital operates from five offices internationally:"Contact us at Heptagon Capital". Heptagon Capital. Retrieved 27 May 2026.
London (head office) — 63 Brook Street, Mayfair, W1K 4HS, United Kingdom Stockholm, Sweden Malta Tel Aviv, Israel Dubai, United Arab Emirates
Leadership
editHeptagon Capital is run on partnership principles and is led from its London head office."About Us — Heptagon Capital". Heptagon Capital. Retrieved 27 May 2026. The firm was founded in 2005 by three former Morgan Stanley directors who remain its managing partners: Tarek Mooro (also chief executive officer), Fredrik Plyhr and Eran Ben-Zour."Meet Our Team at Heptagon Capital". Heptagon Capital. Retrieved 27 May 2026. Mooro and Plyhr previously held senior roles in Morgan Stanley's Private Wealth Management division in London, while Ben-Zour was an executive director at the bank.
The firm's investment leadership in London is headed by chief investment officer Arnaud Gandon, who joined in 2010 and was authorised by the Financial Conduct Authority on 2 August 2010, and by Alexander Gunz, who joined in 2011 and manages the in-house Heptagon Future Trends Equity Fund."Heptagon makes two senior hires". Hedgeweek. 30 January 2011. Retrieved 27 May 2026. Other senior London-based personnel include Thomas Hoersman, a partner in the institutional sales team who joined the firm in September 2005 and covers clients in Scandinavia, Israel, the Americas and Asia.
In September 2023 Heptagon expanded its London-based senior team with the appointment of Greg Morris (formerly UK head of institutional business development and sales at Abrdn) as managing director and head of sales, and Rachel Neill (formerly chief sustainability officer at Connected Asset Management) as head of sustainability; the firm also appointed Michael Eriksson as vice-president in its Stockholm office at the same time. As of 2026 Heptagon described itself as comprising 48 employees representing 21 nationalities across its five international offices, with the London office serving as headquarters and centre of investment management.
UCITS fund platform
editAs of May 2026 the Heptagon Fund ICAV comprised ten active sub-funds, of which one is managed in-house by Heptagon Capital and nine are sub-advised by external boutique investment firms. External sub-investment managers comprise Yacktman Asset Management (Yacktman US Equity Fund), Driehaus Capital Management (Driehaus Emerging Markets Equity, US Micro Cap, US Small Cap and US SMID Cap funds), Kopernik Global Investors (Kopernik Global All-Cap Equity Fund), WCM Investment Management (WCM Global Equity Fund), Kettle Hill Capital Management (Heptagon Kettle Hill US L/S Equity Fund) and Qblue Balanced (Qblue Global Equities Responsible Transition Fund); the firm's in-house strategy is the Heptagon Future Trends Equity Fund. Nine of the ten sub-funds are classified under Article 8 of the EU Sustainable Finance Disclosure Regulation, and one — the Qblue Global Equities Responsible Transition Fund — under the regulation's stricter Article 9.
| Fund | Sub-investment manager | Strategy | Launch date
Yacktman US Equity Fund - Driehaus Emerging Markets Equity Fund - Kopernik Global All-Cap Equity Fund - Heptagon Future Trends Equity Fund - Driehaus US Micro Cap Equity Fund - WCM Global Equity Fund - Heptagon Kettle Hill US L/S Equity Fund - Driehaus US Small Cap Equity Fund - Qblue Global Equities Responsible Transition Fund - Driehaus US SMID Cap Equity Fund |
|---|
Of the ten sub-funds, the Driehaus US Micro Cap Equity Fund is closed to all investors and the Driehaus US Small Cap Equity Fund is open to existing investors only, having reached capacity for new subscriptions; the remaining eight are open to all investors.
A number of earlier sub-funds have been wound down or transferred off the platform over time. The Heptagon Fund ICAV's semi-annual report for the half-year ended 31 March 2026 lists Summit Partners Public Asset Management and Cornerstone Investment Partners among its historical sub-investment managers, noting that neither manages any of the currently active sub-funds."Heptagon Fund ICAV — Semi-Annual Report and Unaudited Financial Statements for the financial half year ended 31 March 2026". Heptagon Capital. 31 March 2026. Retrieved 27 May 2026. Earlier discontinued strategies on the platform include the Heptagon Oppenheimer Developing Markets Equity Fund (launched 2012 with OppenheimerFunds), the Heptagon Harvest China A-Shares Equity Fund (launched 2014 with Harvest Global Investments under the RQFII scheme), the Heptagon Global Focus Equity Fund (2014) and the original Helicon Fund, which was converted from an equity-hedge strategy to a long-only equity fund in 2015 before later being discontinued.Dunkley, Emma (2 July 2012). "Heptagon Capital partners Oppenheimer to launch EM fund". Citywire Wealth Manager. Retrieved 27 May 2026."Harvest and Heptagon unveil China A-shares Ucits fund". Funds Europe. 6 August 2014. Retrieved 27 May 2026."Heptagon Capital converts fund". Portfolio Adviser. 13 April 2015. Retrieved 27 May 2026.
Heptagon Future Trends Equity Fund
editThe Heptagon Future Trends Equity Fund is the platform's only in-house strategy. Launched in January 2016 and managed by Alexander Gunz, the fund invests in global equities exposed to long-duration structural themes including artificial intelligence, healthcare innovation, the energy transition and demographic change."Vantage: AI, mid-caps and finding value beyond the Magnificent 7". Edison Group. April 2025. Retrieved 27 May 2026.Wheeler, Julian (18 June 2025). "Future trends with Heptagon Capital: crickets, cybercrime and capital allocations". Shard Capital — Expert Networks podcast. Retrieved 27 May 2026.
Sustainable investing
editThe Qblue Global Equities Responsible Transition Fund, launched in January 2022 in partnership with Danish quantitative boutique Qblue Balanced, is the platform's first fund classified under Article 9 of the Sustainable Finance Disclosure Regulation, the EU's highest sustainability tier."Invest with us". Qblue Balanced. Retrieved 27 May 2026.
Recent additions
editThe most recent addition to the platform, the Driehaus US SMID Cap Equity Fund, launched on 9 December 2024 and extended Heptagon's long-running partnership with Chicago-based Driehaus Capital Management to four UCITS sub-funds covering US micro-, small-, SMID- and emerging-market equity strategies.