Heights Point Management

Heights Point sources opportunities primarily through Waterhouse's long-standing relationships with top-tier venture capital firms including Sequoia Capital and Andreessen Horowitz. The firm co-invests alongside these firms in late-stage rounds, often accessing allocations through its ability to move quickly with permanent capital and no fundraising cycles. Its status as a concentrated, non-institutional LP makes it a preferred partner for selective rounds.

Heights Point operates almost exclusively through direct investments in late-stage venture and growth equity rounds. The firm writes checks directly into portfolio companies rather than committing as an LP to venture funds. This direct-only approach gives Waterhouse full control over portfolio construction and avoids blind pool risk, though the firm has not disclosed any fund commitment activity.

Co-investing alongside established GPs is the firm's primary model. Heights Point does not lead rounds but instead participates alongside lead investors like Sequoia and a16z. This structure allows the firm to access high-demand rounds without building out a full sourcing and evaluation infrastructure. The firm's ability to close quickly with all-equity checks is a key differentiator in competitive processes.