Highland Capital holds $300m first close for latest early stage vehicle


TBig data and energy efficiency investor Highland Capital Partners has reportedly held a first close of its ninth early-stage fund on $300m.

The fund is targeting $400m, which would match its previous 2008 vehicle, but two key general partners – including one focused on cleantech, are not listed as being involved with the fundraise, according to Fortune.

The most recent filing with the US Securities & Exchange Commission details the fund launch on 16 April but no formal notice of a first close has been given and a spokesperson was unavailable for comment.

Highland focuses on technology investments, many of with an energy efficiency play including Infinio, which develops software solutions forthe enterprise data storage market, and Calxeda, which aims to make data centres more energy efficient.

Alongside its technology funds, it also launched its High Consumer Fund in 2007, which targeted companies in growth-oriented consumer-facing businesses and a European vehicle that invests in internet, mobile and software companies across the continent that have annual revenues of more than €10m.

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