Heights Point Management

Brian S. Waterhouse, the founder, serves as Chief Investment Officer and makes all final investment decisions. He previously spent over a decade at Oak Hill Capital Partners, where he focused on technology and business services investments. Waterhouse commonly takes board observer or director seats in portfolio companies, indicating direct, hands-on involvement post-investment.

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.

Heights Point focuses on late-stage venture and growth equity, typically Series C and later. The firm targets companies with proven product-market fit and significant revenue traction. Check sizes range from $5 million to $50 million, placing it in the competitive middle ground between early-stage VCs and large asset managers.

Heights Point has not publicly stated sector exclusions, but its demonstrated portfolio concentrates on enterprise software, AI/ML, fintech, cybersecurity, and digital health. The firm appears to avoid capital-intensive sectors such as hard tech, biotech, and consumer products. Energy transition and real estate are not reflected in known positions.

Heights Point is legally a single-family office managing Waterhouse family capital, but its operational posture resembles a concentrated venture capital firm. It competes for allocations in top-quartile late-stage rounds, takes board seats, and maintains institutional due-diligence standards. The permanent capital base provides flexibility that fund-structured VCs lack.

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.