Case study
Founded in 2016 by Conor O’Donnell, Causeway Securities is a leading international distributor of structured products. The Company acts as an intermediary between blue-chip investment banks and its 400+ strong client base of wealth managers, IFAs, insurance companies and credit unions.
It is headquartered in Belfast and has opened offices in both New York and London since receiving investment from WestBridge and British Business Bank.
| Region/Nation | Northern Ireland |
|---|---|
| Sector | Financial and Insurance Services |
| Programme | Growth Equity |
| Partner |
Support from the Bank
WestBridge, a UK private equity firm focused on the lower-mid market, made a majority investment in Causeway Securities through its third Fund, WestBridge III in October 2024. The Bank has committed £34m to the fund through its Growth Equity mandate.
As part of the investment into Causeway Securities, the WestBridge Capital transaction team also took on two Board Director roles to oversee Causeway Securities’ growth initiatives and assist with market expansion.
Impact of funding: what has Causeway Securities gone on to do?
With the initial funding provided by WestBridge and British Business Bank, Causeway Securities has been able to accelerate its growth trajectory and expand its technology, offering and reaching new markets.
Following the investment, WestBridge has partnered with the Causeway team to execute core strategic growth initiatives, including geographical expansion. As a result, Causeway opened a New York office in Q4 2024 and a London office in Q1 2026. Causeway is planning to open four new office hubs during 2026 (Dublin, Lisbon, Dubai are in progress and Hong Kong is also pending), opportunities which are all supported by the WestBridge investment.
WestBridge also supported Causeway in the acquisition of Levendi Investment Management, a specialist in defined‑return strategies and liquid alternatives. The transaction significantly expands Causeway’s asset management division and ensures both companies continue delivering value, innovation and outstanding investment solutions to clients globally.
As a result of the investment made by WestBridge, Causeway is now a leading international distributor of structured products, employing c.40 staff across 4 continents and issuing over 2,500 structured solutions globally.
Conor O’Donnell, Founder and CEO, Causeway Securities
With this funding and the added support from WestBridge, we have been able to build upon our strong position in a thriving structured-product market. We will continue accelerating our international expansion plan whilst enhancing our offering and delivering value for our existing clients.
Peter Barkley, Partner, WestBridge
Causeway Securities has grown to a leading international distributor of structured products from its headquarters in Belfast and has recently opened offices in New York and London. As they enter their next phase of growth, we are confident that they will reach new heights and continue to deliver great results for their growing client base. We are excited to see what lies ahead.
Tags related to this content:
Quick links
More case studies
-
Growth EquityRead a case study about Big Potato Games
Founded in 2014 by three former advertising executives – Dean Tempest, Ben Drummond and Tris Williams – Big Potato Games is a leading creator and distributor of party and family games.
-
Enterprise Capital FundsRead a case study about Oxford Space Systems
Oxford Space Systems (OSS) is a leading UK space‑technology company that specialises in the design and manufacture of advanced deployable antennas and structures for satellites.
-
Growth Guarantee SchemeRead a case study about Velocity Pro Gear
Velocity Pro Gear secured £900k via Danske Bank and the British Business Bank-backed Growth Guarantee Scheme to scale production, exports and its Connect app platform.