FORTUNE -- Venture capital firm Highland Capital Partners has secured $400 million in capital commitments for its ninth fund, Fortune has learned. That means that it has hit its target with institutional investors, and now is just rounding up some individual investors (mostly entrepreneurs) for a small sidecar fund.
This is the same amount that Highland raised for its eighth fund in 2009, but with three big differences:
Highland partner Sean Dalton declined to comment on the fundraising.
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Early-stage venture capital firm heading toward $400 million target.
FORTUNE -- Venture capital firm Highland Capital Partners has held a first close on around $300 million for its ninth fund, Fortune has learned.
The overall target is $400 million, as we previously reported. That's the same amount that Highland raised for its eighth fund back in 2009, although one big difference is that firm co-founders Bob Higgins and Paul Maeder aren't listed as MOREDan Primack - Jul 16, 2013 2:52 PM ET
Motion sensor company gets some extra support from Highland Capital.
FORTUNE -- Venture capitalists talk about their portfolio companies as if they are offspring, hesitant to ever say they love one more than another. But here's one way to keep score: If a VC firm creates an entire fund to support a single portfolio company's ecosystem, then you've found one of the chosen ones.
That's what is happening at Highland Capital Partners, MOREDan Primack - Jun 20, 2013 4:01 PM ET
Highland to begin raising ninth fund.
FORTUNE -- Highland Capital Partners this week is expected to send out offering documents for its ninth venture capital fund, Fortune has learned. The target is likely to be $400 million, which is the same amount Highland raised for its eighth fund back in 2009.
Since 2009, however, Highland has undergone a number of senior personnel changes. As we've previously reported, Highland co-founders Bob Higgins and MOREDan Primack - Nov 13, 2012 11:38 AM ET
New micro-VC firm to focus on retail technologies.
FORTUNE -- Venture capitalist Dan Rosen has left Highland Capital Partners after a six years, in order to form a firm focused on the intersection of mobile, payments and retail. The new effort will be called Commerce Ventures, and hopes to raise $20 million for its debut fund (with a hard cap of $30 million).
"I believe that I understand this ecosystem," Rosen says, MOREDan Primack - Aug 1, 2012 11:38 AM ET
Retail is in, consumer goods are out.
FORTUNE -- In 2007, Staples (SPLS) founder Tom Stemberg partnered with Highland Capital Partners to raise $300 million for a venture capital fund that would invest in retail and packaged consumer goods companies. It has not gone according to plan, and the strategy is about to undergo some major renovations before Stemberg attempts to raise a successor fund.
The first big change is that Stemberg's co-managing MOREDan Primack - Jul 30, 2012 10:31 AM ET
Veteran venture capitalists turning over the reins.
FORTUNE -- Bob Higgins and Paul Maeder plan to reduce their roles with Highland Capital Partners, the Cambridge, Mass.-based venture capital firm they co-founded in 1988, Fortune has learned.
The pair will not be listed as general partners for Highland's next fund, which is expected to be raised next year. The Cambridge, Mass.-based firm currently is investing out of a $400 million vehicle that closed MOREDan Primack - Jun 1, 2012 11:51 AM ET
Andy Miller, head of mobile advertising for Apple (AAPL), is leaving to join VC firm Highland Capital Partners. Miller is the former co-founder and CEO of Quattro Wireless, a Highland-backed company that Apple acquired early last year for $275 million. He currently reports directly to Steve Jobs.
The news was first reported by All Things D, and confirmed by Fortune with Highland partner Peter Bell.
"We were going to do a formal MOREDan Primack - Aug 17, 2011 12:02 PM ET
New research on the VC industry turns conventional wisdom on its head.
In the world of venture capital, tech is the movie star and life sciences the second banana. The champion and the also-ran. Just look at the most recent Forbes Midas List, in which the first life sciences investor doesn't appear until #16 (Bryan Roberts of Venrock).
But new research suggests that this hierarchy has quietly reversed itself over the past MOREDan Primack - Jul 11, 2011 9:19 AM ET
How many of the 217 solar start-ups today will be around in 10 years? Not many. A look back at the automobile industry in the early part of the last century explains why.
By Alex Taussig, contributor
The automobile traces its roots back to Europe — first to France in 1860 with the invention of the internal combustion engine, and then to Germany in 1876 with the invention of the 4-stroke gasoline MOREOct 7, 2010 9:33 AM ET
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