Highland Capital Partners
 |
|
| Type | LLC |
|---|---|
| Industry | Venture Capital |
| Founded | 1988 |
| Founder(s) | William J. Boyce, Paul Maeder, Bob Higgins |
| Headquarters | Lexington, Massachusetts, United States |
| Products | Investments, Private equity funds |
| Total assets | $3.4 billion |
| Website | www.hcp.com |
Highland Capital Partners is a venture capital firm that focuses on investments in seed, early, and growth stage companies in the communications, consumer, digital media, healthcare, and information technology sectors. The firm's partners include: Peter Bell, Sean Dalton, Bob Davis, Laurence Garrett, Bob Higgins, Paul Maeder, Andy Miller, Fergal Mullen, Corey Mulloy, Dan Nova, Chuan Thor, and Kuantai Yeh.
Founded in 1988, the company has offices in Cambridge, Massachusetts; Menlo Park, California; Geneva, Switzerland; London, UK and Shanghai, China.
Led by Thomas G. Stemberg, the Highland Consumer Fund was formed by Highland in 2006 to invest in consumer-facing enterprises that are in need of capital for growth and expansion. The firm finished fundraising in 2007 with over $300 million of investor commitments, exceeding its $250 million target.[1]
Contents |
[edit] History
|
and venture capital |
|
 |
|
|
Early history |
|
|
|
|
[edit] Investments and investment funds
Highland is typically the first institutional investor in the companies they back.[2]
From inception in 1988 through the middle of 2009, the firm has raised eight venture capital funds with aggregate investor commitments of approximately $3 billion:
- 1988 — Highland Capital Partners ($78 million)
- 1992 — Highland Capital Partners II ($86 million)
- 1996 — Highland Capital Partners III ($126 million)
- 1998 — Highland Capital Partners IV ($250 million)
- 2000 — Highland Capital Partners V ($505 million)
- 2001 — Highland Capital Partners VI ($808 million)
- 2006 — Highland Capital Partners VII ($800 million)
- 2007 — Highland Consumer Fund I ($303 million)
- 2009 — Highland Capital Partners VIII ($400 million)
[edit] Notable investments
The company has invested some $2.5 billion in more than 200 companies since its founding.[3] Among Highland's most notable current and past investments are:
|
|
|
|
Source: Company website[4]
[edit] Current and former employees
In February 2005, Thomas G. Stemberg, the founder and former CEO of Staples joined Highland.[5] Other notable members of the team include Bob Davis, the founder of Lycos; Peter Bell the co-founder and CEO of information storage software company StorageNetworks; Andy Miller, the co-founder of Quattro Wireless (acquired by Apple Computer in 2009), and most recently the Vice President Mobile Advertising responsible for the iAd team; and Wycliffe Grousbeck, who reduced his role in Highland to become managing partner and co-owner of the Boston Celtics.
[edit] Other
Highland Capital Partners is not affiliated with Highland Capital Management, the multi billion dollar distressed investment firm and hedge fund sponsor and mutual fund manager based in Dallas, Texas.
[edit] References
- The Rebirth of Venture Capitalism. New York Times, September 24, 2006
- COMPANY NEWS; STAPLES NAMES ITS CHIEF AS CHAIRMAN. New York Times, March 12, 2005
[edit] External links
|
|||||||||||||||||
