Massachusetts-based venture firm Highland Capital Partners has set out to raise $300 million for its tenth venture fund, according to a filing with the SEC. The amount is $100 million less than Highland targeted for its ninth fund raised in 2013. According to Thomson Reuters, Highland closed a $380 million European growth fund in 2015.
Highland Capital focuses on deals in the enterprise tech and consumer tech spaces, with investments in companies such as Carbon Black and nuTonomy. In May, the global firm with offices in Silicon Valley, Boston and Shanghai was dubbed Tech Fund of the Year at the New England Venture Capital Association’s NEVY Awards.
The new fund will be managed by partners Paul Maeder, Bob David, Corey Mulloy, Craig Driscoll, Dan Nova and Manish Patel.
The venture firm raised its most recent fund in 2013 as Highland was reportedly shifting control from co-founders Paul Maeder and Bob Higgins to partners Sean Dalton and Peter Bell. Based on the filing, the changes do not seem to have stuck as Dalton and Bell are left out of the document. Dalton remains listed as a partner on the firm’s website while Bell has moved to a new role as a senior advisor.
Maeder returned to Highland as chairman and partner after several years in a scaled-back role, while co-founder Higgins left four years ago to team up with Celtics CEO Wyc Grousbeck and launch Causeway Media Partners, a venture fund specialized in sports-related media and tech companies. Earlier this year Causeway inked $207 million for its second fund.
Highland’s recent filing did not report a first close.