Private equity firm Highland Capital Partners has reportedly hit the target for its ninth early-stage fund.
Highland Capital Partners 9 has now been closed on $400m, said Dow Jones, citing a person familiar with the matter.
In July it was reported that Highland had held a first close of its ninth fund on $300m.
Highland is focused on technology investments. Its portfolio companies include 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, Highland also launched its High Consumer Fund in 2007, which targeted companies in growth-oriented consumer-facing businesses.
The firm also has a European vehicle that invests in internet, mobile and software companies across the continent that have annual revenues of more than €10m.
Copyright © 2013 AltAssets