Highland Capital Partners Announces $400 Million Fund
November 12 2009 - 6:30AM
PR Newswire (US)
LEXINGTON, Mass., Nov. 12 /PRNewswire/ -- Highland Capital
Partners, a leading venture capital firm with a twenty-year history
of helping great people build great companies, today announced the
firm's eighth fund, Highland Capital Partners VIII Limited
Partnership. The new $400 million fund will continue to fuel the
firm's focus on early through growth stage investments in
exceptional healthcare, internet & digital media and technology
companies. "We are very appreciative for the continued backing of
our limited partners," said Bob Higgins, general partner at
Highland. "We are pleased to raise a fund in this challenging
environment that will allow us to continue to partner with the
world's best entrepreneurs and management teams in building
high-growth and successful companies." Since its inception,
Highland has focused on building early and growth stage companies
into world-class leaders. During this period the firm has partnered
with over 200 entrepreneurial enterprises, 90 of which have gone
public or been acquired to date. Recent Highland-backed companies
with valuations in excess of $1 billion include Conor Medsystems
(IPO/acquired by Johnson & Johnson), lululemon athletica
(NASDAQ:LULU), Starent Networks (NASDAQ:STAR) and VistaPrint
(NASDAQ:VPRT). About Highland Capital Partners Highland Capital
Partners was founded with the mission of helping great people build
great companies. For over twenty years, the firm has taken a
sector-focused approach to investing in exceptional healthcare,
internet & digital media and technology companies. With 3
billion of committed capital and offices in Boston, Silicon Valley,
Shanghai and Geneva, Highland has invested in and worked to create
such firms as Ask Jeeves, Avid Technology, CheckFree, Conor
Medsystems, Continental Cable, lululemon athletica, Lycos,
MapQuest, Navic Networks, Ocular Networks, P.A. Semi, Quigo,
Starent Networks, Sybase, Telica and VistaPrint. For more
information, visit Highland's web site at http://www.hcp.com/.
DATASOURCE: Highland Capital Partners CONTACT: Michael Gaiss,
Senior Vice President of Highland Capital Partners,
+1-781-861-5517, Web Site: http://www.hcp.com/
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